Lambda Seeks $350 Million Ahead of Planned IPO
AI cloud infrastructure provider Lambda is seeking to raise at least $350 million through a convertible note round led by Mubadala Capital, ahead of a planned IPO later this year.
Financial movements in the AI ecosystem, including venture capital investments, strategic acquisitions, IPO's and funding rounds for AI companies.
AI cloud infrastructure provider Lambda is seeking to raise at least $350 million through a convertible note round led by Mubadala Capital, ahead of a planned IPO later this year.
Anthropic is in talks to raise $10 billion in a new funding round that would value the AI company at $350 billion, with GIC and Coatue Management leading the investment, according to Bloomberg. Microsoft and Nvidia are also expected to participate in the round.
Siemens CEO Roland Busch said the company is exploring potential acquisitions in artificial intelligence, life sciences, and operations software, building on its $5.1 billion purchase of Dotmatics last year to strengthen AI-driven drug development and data infrastructure.
Biobeat Technologies has raised $50 million in Series B funding led by Ally Bridge Group, OrbiMed Advisors, and Elevage Medical to expand commercialization of its FDA-cleared, cuff-less 24-hour ambulatory blood pressure monitoring system in the U.S.
Microsoft has acquired Osmos to enhance autonomous data engineering capabilities within Microsoft Fabric. The move aims to simplify data preparation by integrating agentic AI to process raw data into analytics-ready assets in OneLake.
The Hong Kong Government has launched a $3 billion AI Subsidy Scheme to support local universities, research institutes, and enterprises in using Cyberport’s AI Supercomputing Centre for AI development. The University of Hong Kong is among the participants, developing a generative AI capable of real-time 3D scene creation.
Palo Alto Networks is negotiating to acquire Israeli cybersecurity startup Koi for about $400 million, expanding its endpoint and software supply chain protection portfolio. A preliminary memorandum of understanding has been signed while final terms are being negotiated.
team.blue has acquired Czech-based AI web application builder Macaly, expanding its AI capabilities for small and medium-sized businesses across Europe.
SoftBank Group Corp. has completed an additional $22.5 billion investment in OpenAI, fulfilling its $40 billion funding commitment made earlier in 2025. The investment was executed through SoftBank Vision Fund 2, bringing SoftBank’s ownership stake in OpenAI to about 11%.
Meta Platforms has agreed to acquire Manus AI, a Singapore-based startup known for its general-purpose AI agents, in a deal valued at more than $2 billion. Manus will continue to operate independently while integrating its technology into Meta’s services.
Former Yahoo CEO Marissa Mayer has launched Dazzle, a new AI startup focused on personal assistant technology, after closing her previous venture Sunshine. The company has raised $8 million in seed funding led by Forerunner’s Kirsten Green, with participation from several major investors.
Alphabet has agreed to acquire Intersect, a data center and energy infrastructure developer, for $4.75 billion in cash plus assumed debt. The deal will help Google expand data center power generation capacity and is expected to close in the first half of 2026.
Cerebras Systems is preparing to file for a U.S. IPO next week, targeting a second-quarter 2026 listing. The move follows the company's clearance from U.S. regulators and the removal of G42 from its investor list after previous delays.
SoftBank Group is working to finalize a $22.5 billion funding commitment to OpenAI by the end of the year, using asset sales, loans, and other financing strategies to meet its pledge.
OpenAI is reportedly seeking to raise up to $100 billion in new funding, potentially valuing the company at as much as $830 billion. The round is expected to close as early as the end of the first quarter of next year, though terms may still change.
Salesforce has agreed to acquire Qualified, a San Francisco-based provider of agentic AI marketing technology, to expand its Agentforce platform and enhance automation in sales and service processes. The deal is expected to close in the first quarter of Salesforce’s fiscal year 2027.
Swedish AI startup Lovable has secured $330 million in Series B funding at a $6.6 billion valuation, led by CapitalG and Menlo Ventures. The company plans to expand integrations, enterprise features, and infrastructure for its AI-powered software-building platform.
Blue Owl Capital has decided not to provide equity funding for Oracle's planned $10 billion data center in Saline Township, Michigan. Blackstone is now in talks to supply capital, with Bank of America leading a $14 billion debt package to support the project.
OpenAI is in preliminary talks to raise tens of billions of dollars at a valuation of around $750 billion, potentially involving Amazon and other major investors.
Coursera has agreed to acquire Udemy in an all-stock transaction valued at $2.5 billion, with Udemy shareholders set to receive 0.8 Coursera shares for each Udemy share. The merger is expected to close in the second half of 2026, pending regulatory and shareholder approvals.