OpenAI's $500B Valuation & Clay's $100M Boost - AI Funding Brief #26

August 12, 2025 - AI Funding Brief
Hi there,

Welcome to the latest edition of the AI Funding Brief, where we bring you the most recent developments in the world of AI business investments. This week, we're highlighting significant funding rounds and strategic moves that are shaping the AI landscape. Duos Technologies has raised $40 million to expand its Edge data center operations, a move that will bolster its presence in Texas school districts. Meanwhile, Clay, an AI-driven sales tool, has secured $100 million in funding led by CapitalG, valuing the company at $3.1 billion.

In other news, OpenAI is contemplating a stock sale that could elevate its valuation to $500 billion, potentially making it the most valuable private tech company. Andreessen Horowitz is also making waves with a $200 million investment in Periodic Labs, an AI startup focused on material science. Additionally, Alkymi has raised strategic financing to enhance its AI financial services, and Seattle-based Augmodo has secured $37.5 million to advance its spatial AI technology for retail. Stay tuned as we delve into these stories and more in this edition.
Duos Technologies Raises $40 Million for Edge Data Centers Expansion
Duos Technologies, based in Jacksonville, Florida, has secured $40 million to expand its Edge data center business. The funds were raised through an oversubscribed stock offering and will support the growth of its data centers, already in use in Texas school districts. Read more
Clay Secures $100 Million Funding Led by CapitalG
Clay, an AI-driven sales tool, has raised $100 million in funding, increasing its valuation to $3.1 billion. The funding round was led by CapitalG, the investment arm of Alphabet. Read more
OpenAI Considers Employee Share Sale for $500 Billion Valuation
OpenAI is in preliminary talks about a stock sale that could increase its valuation to $500 billion. This move would allow employees to sell shares and potentially make OpenAI the most valuable private tech company, surpassing SpaceX. Read more
Andreessen Horowitz Invests $200M in AI Startup Periodic Labs
Venture firm Andreessen Horowitz is leading a $200 million investment in AI startup Periodic Labs, which specializes in AI for material science. The startup, founded by former OpenAI and DeepMind staffers, is valued at $1 billion before this investment. Read more
Alkymi Secures Funding to Enhance AI Financial Services
Alkymi, an AI-powered data workflow platform, has raised strategic financing led by Cornerstone Investment Capital and Canaan Partners. The funding aims to support the company's growth in modernizing data management in private markets. Read more
Temasek to Invest $100M in AI Startup CuspAI
Singapore's state-owned investment fund Temasek is negotiating a $100 million investment in CuspAI, a startup aiming to use AI for eliminating harmful chemicals. Read more
Rillet Secures $100 Million for AI ERP Solutions
Rillet has raised $100 million in funding to enhance its AI-driven ERP solutions, with backing from investors like a16Z and Sequoia. The company aims to streamline financial operations and provide real-time insights for businesses. Read more
DC Blox Secures $1.15 Billion for Georgia Data Center
DC Blox has obtained $1.15 billion in green loan financing to develop a new data center campus in Douglas County, Georgia, which will initially include a 120MW data center with plans for expansion. Read more
Augmodo Raises $37.5 Million for AI Retail Tech
Seattle-based startup Augmodo has secured $37.5 million in Series A funding to advance its spatial AI technology for retail, aiming to enhance store efficiency and expand its solutions by 2025. Read more

IPO's & Market Moves

DeepX has engaged Morgan Stanley to assist in raising capital ahead of a potential IPO in 2027, aiming to exceed its previous $79 million funding round. Meanwhile, Razorpay has introduced AI banking tools on its RazorpayX platform, focusing on automating financial tasks for CFOs as it prepares for an IPO.

Startup Funding

Approov has raised £5 million in Series A funding to enhance its mobile API security solutions, addressing AI-driven threats. Meanwhile, Rifa AI secured $1.1 million to expand its voice AI solutions in North America, focusing on industries like healthcare and finance.

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