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Higgsfield announced Monday that it has raised a $400 million Series B at a $5.4 billion valuation. This new round is just eight months after nabbing a $1.3 billion valuation. Founded by former Snap exec Alex Mashrabov in 2023, Higgsfield lets users create AI images and videos. It made headlines this past year for…
Over the last several years, fusion power has gone from the butt of jokes — always a decade away! — to an increasingly tangible and tantalizing technology that has drawn investors off the sidelines. The technology may be challenging to master and expensive to build today, but fusion promises to harness the nuclear reaction that…
Thrive Holdings has raised $2 billion in new funding at a $12 billion valuation from investors like SoftBank, D1 Capital Partners, and Altimeter Capital. Thrive Holdings is akin to a private equity firm for AI, buying traditional businesses like accounting firms and implementing AI into their workflows. So far, Thrive has focused on accounting and…
Cognition, maker of the AI coding agent Devin, is reportedly already talking to investors about raising another funding round with a big leap in valuation, after it raised $1 billion at a $26 billon valuation in May. This new round could deliver at least a $40 billion valuation based on achieving a $1 billion annualized…
OpenAI has bought back $7 billion worth of shares from employees at the privately held frontier AI lab as part of an effort to provide liquidity to its workforce. The deal, reported by Bloomberg, valued OpenAI at $852 billion, the same as its most recent fundraising round in March, which added $122 billion to the…
Situational Awareness may have had to sell off the majority of its public portfolio last month, but the AI-focused hedge fund is still making some big bets. This week, the fund invested $400 million into Source Foundry, a startup founded by Stanford researchers aiming to make chip manufacturing faster and cheaper, according to The Wall…
Indian electric vehicle startup River on Wednesday said it had raised $120 million to scale manufacturing for its next phase of growth. The Series C round was led by Indian investors Elev8 Venture Partners and Claypond Capital, with participation from Singularity AMC, Anicut Capital, 360 ONE Asset, JIF Capital, and HDFC AMC, alongside existing backers…
New York-based AI detection startup Pangram is on a mission to combat the AI slop infestation spreading across the internet, and it just raised $9 million on a bet that demand for tools that distinguish human-generated content from AI-generated text will only grow. Pangram’s fundraise — led by Menlo Ventures, with participation from Haystack, ScOp,…
Spur Intelligence, a cybersecurity startup based in Lake Mary, Florida, has raised a $200 million round led by Insight Partners. Spur, founded by two former Defense Department engineers in 2017 — five years before ChatGPT’s public launch — was prescient. The startup’s tech helps enterprises distinguish legitimate human users from increasingly well-hidden bot traffic to…
The market for AI-generated voice models is massive. Creative use cases require AI voice models to be more expressive, while enterprises looking to automate customer support and sales ops need them to be more steerable. Palo Alto-based Fish Audio wants to cater to all of those use cases with its library of more than 15,000…