News NVIDIA Venture Capital

Lambda Lands $500 Million for NVIDIA-Powered Cloud-Based AI

SAN JOSE — Lambda, the GPU cloud company founded by AI engineers and powered by NVIDIA GPUs, has secured a special purpose GPU financing vehicle of up to $500 million to fund the expansion of its on-demand cloud offering. The financing was led by Macquarie Group with participation from Industrial Development Funding (“IDF”), and follows […]

News Venture Capital

Aerospike Closes $109 Million in Funding From Sumeru

MOUNTAIN VIEW — Aerospike, Inc. has closed a $109 million growth investment from Sumeru Equity Partners with additional investment from existing investor Alsop Louie Partners. This latest investment signals a validation of the company’s product strength and business performance. The investment accelerates innovation and go-to-market capabilities for Aerospike’s core transaction, analytics, and AI solutions, including vector and graph […]

News Venture Capital

Amazon Completes $4 Billion Investment in Anthropic

Anthropic announced it is using Amazon Web Services (AWS) as its primary cloud provider for mission critical workloads, including safety research and future foundation model development. Anthropic will also use AWS Trainium and Inferentia chips to build, train, and deploy its future models and has made a long-term commitment to provide AWS customers around the world […]

News Venture Capital

Tony Xu of Doordash Invests in PipeDreams

SAN FRANCISCO — PipeDreams, a tech-enabled home services provider, has landed $25.5 million in Series A funding led by Canvas Ventures and Plural, bringing its total equity funding to $39M. Angel investors include Tony Xu, the founder and CEO of DoorDash; Thomas Layton, the founder of CitySearch, former CEO of OpenTable, and Chairman of UpWork; […]

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Extropic Emerges From Stealth With $14.1 Million

SAN FRANCISCO — Extropic, a pioneer in physics-based computing, has emerged from stealth mode and announced the release of its Litepaper, which outlines the company’s revolutionary approach to AI acceleration through thermodynamic computing. Founded in 2022 by Guillaume Verdon, Extropic has been developing novel chips and algorithms that leverage the natural properties of out-of-equilibrium thermodynamic […]

Venture Capital

Breakout Ventures Hires Five New Partners

SAN FRANCISCO — Breakout Ventures, which invests in creative bioscience entrepreneurs, is welcoming five new venture partners. These industry leaders will lend their experience to diligence new investments and advise Breakout’s portfolio companies on product development and commercialization strategy. “We’ve had the pleasure of knowing these founders and advisors for many years and are delighted […]

Venture Capital

inDrive Secures Additional $150 Million From General Catalyst

MOUNTAIN VIEW — inDrive, a leading global mobility and urban services platform, has expanded its financing arrangement with General Catalyst to $300 million, up from the initial $150 million secured in 2023. The financing extension, which can be further extended for an additional year, enhances inDrive’s financial flexibility, enabling the company to bolster growth, invest […]

Venture Capital

Buzz Solutions Raises $5 Million

PALO ALTO — Buzz Solutions, an AI company that inspects and protects critical energy infrastructure, has closed a $5 million round of growth funding. GoPoint Ventures led the round, with additional participation from Blackhorn Ventures and MaC Venture Capital. The investment follows a period of significant acceleration in customer adoptions as utilities are demanding more efficient and accurate T&D infrastructure inspections and […]

Venture Capital

Euno Emerges From Stealth With $6.25 Million

SUNNYVALE — Euno, a data startup, has raised $6.25 million in seed funding and emerged from stealth to launch a dynamic governance solution for data teams at large and scale-up organizations. Euno’s “soft governance” approach empowers business analysts to innovate freely and leverage their expertise in structured query language (SQL) and business intelligence (BI) tools […]

Venture Capital

Loyal Lands $45 Million

SAN FRANCISCO — Loyal, a biotech company pioneering longevity drugs for dogs, has successfully completed its Series B funding round, securing $45 million in investment. The round was led by Bain Capital Ventures. This brings total funding raised by Loyal to more than $125 million since its founding in 2019 and includes a $12 million […]

Venture Capital

Foundry Finds $80 Million in Seed and Series A Funding

PALO ALTO — Foundry, a new breed of public cloud for AI/ML workloads, has raised $80 million in seed and Series A funding to orchestrate the world’s compute capacity, rendering it universally accessible and useful. The round was co-led by Sequoia Capital and Lightspeed Venture Partners, with participation from Redpoint, Microsoft Ventures (M12), Conviction, NEA, and […]

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Applied Intuition Valued at $6 Billion With $250 Million Series E

MOUNTAIN VIEW — Applied Intuition, Inc., a vehicle software supplier for automotive, trucking, construction, mining, agriculture, and other industries, has raised a $250 million Series E financing round at a $6 billion valuation. The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management representing the successful sports car […]