News about Silicon Valley business almost everyday.
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 […]