News about Silicon Valley business almost everyday.
PALO ALTO — Hippocratic AI, which develops generative AI healthcare agents, has closed a Series C financing, raising $126 million at a $3.5 billion valuation and bringing its total funding to $404 million. The funding was led by Avenir Growth, a leader in supporting category defining companies in generative AI, with participation from new and […]
Amazon Web Services (AWS) and OpenAI have formed a multi-year, strategic partnership that provides AWS’s infrastructure to run and scale OpenAI’s core artificial intelligence (AI) workloads starting immediately. Under this new $38 billion agreement, which will have continued growth over the next seven years, OpenAI is accessing AWS compute comprising hundreds of thousands of state-of-the-art […]
SAN JOSE — Archy, an AI platform for dental practices, has secured $20 million in Series B funding led by TCV along with Bessemer Venture Partners, CRV, Entrée Capital, and 25 practicing dentists. Archy’s AI platform replaces 5+ different software tools with a single cloud-based system to handle payments, prescriptions, scheduling, charts, insurance claims, and more. The company plans to […]
SAN JOSE — PayPal plans to adopt the Agentic Commerce Protocol (ACP) to expand payments and commerce in ChatGPT. Millions of ChatGPT users will be able to check out instantly using PayPal, and PayPal will support payments processing for merchants leveraging OpenAI Instant Checkout. PayPal will also connect its global merchant network to OpenAI, creating […]
Mark Zuckerberg, founder of Meta, has unveiled a new version of AI glasses with a starting price of $799: the Meta Ray-Ban Display and Meta Neural Band. Meta Ray-Ban Display glasses are designed to help you look up and stay present. With a quick glance at the in-lens display, you can check messages, preview photos, […]
SAN JOSE — AppZen, an Agentic AI platform for finance teams, has raised $180 million in growth funding. This round was led by Riverwood Capital. AppZen is the AI-native platform for autonomous finance. Powered by proprietary ZenLM models and the Mastermind AI Automation Platform, AppZen’s domain-trained AI Agents streamline end-to-end workflows across T&E, accounts payable, and […]
SAN FRANCISCO — Baseten, the company powering inference for the world’s fastest-growing AI products, has secured a $150 million Series D fundraise at a $2.15 billion valuation. The round was led by BOND, with participation from new investors CapitalG, Premji, and Kevin and Elizabeth Weil of Scribble. Existing investors Conviction, 01a, IVP, Spark, and Greylock […]
SAN FRANCISCO — Databricks, the Data and AI company, announced it has crossed a $4 billion revenue run-rate during Q2, growing >50% year over year. Databricks said its AI products also recently crossed a $1 billion revenue run-rate. The company has raised $1 billion in new capital in a Series K funding round. This investment values the […]
OpenAI has launched GPT‑5. The company says GPT‑5 is a significant leap in intelligence over all its previous models, featuring state-of-the-art performance across coding, math, writing, health, visual perception, and more. It is a unified system that knows when to respond quickly and when to think longer to provide expert-level responses. GPT‑5 is available to […]
SAN FRANCISCO — Brisk Teaching, an AI teaching and learning agent for K-12 schools, announced the close of its $15 million Series A funding round. Led by Bessemer Venture Partners, with participation from previous investors Owl Ventures, South Park Commons, and Springbank Collective, the funding will accelerate Brisk’s evolution from a suite of AI-powered tools into a […]
MENLO PARK — Snowflake, the AI Data Cloud company, is deepening its investments in AI innovation by opening the Silicon Valley AI Hub, a home for developers, startups and business leaders to learn, deepen relationships, and shape the future of AI. “Snowflake is the most consequential data and AI company in the world today,” said […]