Financial movements in the AI ecosystem, including venture capital investments, strategic acquisitions, IPO's and funding rounds for AI companies.
Quantinuum has signed a letter of intent with the U.S. Department of Commerce's CHIPS Research and Development Office to receive federal funding for developing large-scale fault-tolerant trapped-ion quantum computers.
Sonar has acquired Gitar, an AI code review platform, to integrate its capabilities into SonarQube and provide unified code verification from development to deployment.
Hark has raised $700 million in Series A funding at a $6 billion valuation, led by Parkway Venture Capital with participation from Nvidia, AMD, Qualcomm, and others. The funds will accelerate development of Hark's personalized AI systems and dedicated hardware, with first models expected this summer.
Exa Labs Inc. has secured $250 million in Series C funding at a $2.2 billion valuation, led by Andreessen Horowitz, to scale its AI-focused search engine and infrastructure.
Anthropic expects its first quarterly operating profit as it agrees to pay SpaceX $1.25 billion per month for computing capacity through May 2029, totaling nearly $45 billion.
Mercury has completed a $200 million Series D funding round led by TCV, valuing the fintech company at $5.2 billion. The firm plans to expand its AI-powered financial tools and pursue a national bank charter.
Coupa Software has acquired Tonkean, an AI-native intake and orchestration platform, to strengthen its agentic trade network and enhance autonomous spend management capabilities for global buyers and suppliers.
BAI Capital has completed the first close of its new $800 million fund, securing $600 million in commitments. The fund targets growth-stage companies with proven commercial traction and cross-border expansion potential in sectors such as technology, AI, and financial services.
Outcomes4Me has acquired Geno.Me and Realyze Intelligence to strengthen its AI platform for cancer care and clinical trial matching. The company also appointed UPMC Hillman Cancer Center CIO Scot Stevens as Strategic Advisor.
Axion Semiconductor has acquired Moov Technologies, a global marketplace for semiconductor equipment, to strengthen its supply chain operations and services platform. Financial terms were not disclosed.
Arkeus has raised $18 million in Series A funding led by QIC Ventures to scale its AI powered sensing systems for autonomous defense platforms across the United States, Australia, and Europe.
NanoCo, creator of the open source AI agent NanoClaw, has raised $12 million in seed funding led by Valley Capital Partners after turning down a $20 million acquisition offer.
OpenAI is preparing to file confidentially for an initial public offering in the coming weeks, working with Goldman Sachs and Morgan Stanley, according to The New York Times. The ChatGPT maker could go public as soon as September, following a recent court victory over Elon Musk.
Mistral AI has acquired Austrian startup Emmi AI to strengthen its industrial engineering portfolio and establish a new office in Linz, Austria. The deal integrates Emmi’s physics-based AI models with Mistral’s platform, enhancing simulation and manufacturing capabilities across Europe.
Hexaware Technologies has announced an agreement to acquire Consulting Professionals Services Holdings, a UK and UAE based consulting firm, to strengthen its AI and cloud transformation capabilities and deepen its relationship with a major FTSE 100 client.
Novity has received a strategic investment from Acario Innovation, the venture capital arm of Tokyo Gas, to expand its TruPrognostics AI platform for predictive maintenance across process industries.
Procurement Sciences, developer of Awarded AI, has acquired HigherGov to combine AI workflow automation with extensive government contracting data. The unified system will serve over 3,000 contractors and integrate HigherGov intelligence into Awarded AI workflows.
Unframe has secured $50 million in new funding led by Highland Europe, bringing its total funding to $100 million. The company reported reaching $100 million in total contract value and 400% net revenue retention as it expands its tailored AI solutions for enterprises.
RemotePass has secured $17.4 million in Series B funding led by EBRD Venture Capital, with participation from 500 Global and other investors. The company plans to expand across Europe and the US, invest in financial infrastructure for distributed teams, and accelerate its AI roadmap.
Ocean has emerged from stealth with $28 million in funding to launch an AI-based email security platform that investigates messages for malicious intent. The round was led by Lightspeed Venture Partners with participation from Picture Capital and Cerca Partners.
