Tags: Funding

Gamma, the AI‑powered platform that creates presentations, websites and social media posts, announced a $68 million Series B round that lifts its valuation to $2.1 billion. Led by Andreessen Horowitz, the round also includes participation from Accel, Uncork Capital and other existing investors. Co‑founder and CEO Grant Lee said the company has reached $100 million in annual recurring revenue on a profitable basis and now serves roughly 70 million users. The funding will support further product development and global expansion. Read more

Anthropic is targeting up to $70 billion in revenue and $17 billion in cash flow by 2028, driven by rapid adoption of its AI business products. The firm expects its current‑year API sales to reach $3.8 billion, more than double OpenAI’s projected $1.8 billion from the same channel. Partnerships with Microsoft, Salesforce, Deloitte and Cognizant are expanding Claude’s enterprise footprint, while new, cost‑effective models such as Claude Sonnet 4.5 and Claude Haiku 4.5 aim to capture large‑scale deployments. A recent $13 billion financing round valued Anthropic at $170 billion, and future fundraising could push the valuation toward $300–$400 billion. The company also reports a $2.5 billion credit facility and a $1.5 billion legal settlement. Gross‑profit margins are projected to rise to 50% this year and 77% by 2028, marking a dramatic turnaround from a negative 94% margin last year. Read more

Turbo AI, founded by 20‑year‑old college dropouts Rudy Arora and Sarthak Dhawan, has grown from one million to five million users within six months. The Los Angeles‑based startup offers an AI‑driven note‑taking and study tool that records, transcribes, summarizes, and creates flashcards, quizzes, and a chat assistant. Its user base now includes students at top universities and professionals at firms such as Goldman Sachs and McKinsey. With eight‑figure annual recurring revenue, cash‑flow positivity, and a cautious $750,000 funding round, Turbo AI remains profitable while exploring new pricing models. Read more

Dubai‑based Cercli, an AI‑native HR and payroll platform built for the Middle East and North Africa, announced an oversubscribed $12 million Series A round led by European venture firm Picus Capital. Founded by former Careem executives Akeed Azmi and David Reche, the startup has rebuilt a Rippling‑like stack to unify people operations, payroll, and compliance for MENA businesses. Cercli reports revenue growth of more than tenfold, processing over $100 million in payroll for clients in 50 countries, and plans to use the new capital to launch additional AI‑driven products and capture a larger share of the regional HR‑software market. Read more

OpenEvidence, a medical AI platform likened to ChatGPT for doctors, disclosed a $200 million financing round that values the startup at $6 billion. The new capital follows a $210 million raise three months earlier at a $3.5 billion valuation. Trained on leading medical journals, the tool provides rapid answers to clinical questions for verified professionals, who can use it for free supported by advertising. Since its 2022 founding, OpenEvidence has seen clinical consultations per month nearly double to 15 million. The round was led by Google Ventures with participation from multiple top venture firms. Read more

Smartphone maker Nothing announced Playground, an AI‑driven platform that lets users create simple widget‑style apps by entering natural‑language prompts. The tool currently supports building and customizing Essential Apps widgets, with options for more technical users to tweak underlying code. Nothing emphasized security and ease of use, noting that full‑screen apps are not yet supported. The launch follows a recent $200 million funding round led by Tiger Global, and CEO Carl Pei highlighted the company’s vision of AI‑enhanced operating systems and hardware built specifically for AI use cases. Read more

Periodic Labs, founded by former Google Brain and DeepMind researcher Ekin Dogus Cubuk and ex‑OpenAI VP of Research Liam Fedus, announced a $300 million seed funding round backed by top tech investors. The startup aims to create AI scientists that run autonomous laboratories, conducting physical experiments to discover new materials such as advanced superconductors. Leveraging the founders' experience in AI breakthroughs—including a trillion‑parameter neural network and AI‑driven crystal discovery—the company plans to generate fresh physical‑world data to fuel future AI models and accelerate scientific innovation. Read more

Nothing announced Playground, an AI‑driven platform that lets users create simple widget‑style apps on its Essential Apps ecosystem using plain text prompts. The tool supports building from scratch or customizing existing widgets, and more technical users can tweak the underlying code. While full‑screen apps are not yet supported, the company sees the technology as a way to make operating systems more personal and to foster a developer community. Nothing, led by CEO Carl Pei, recently raised $200 million and aims to leverage its small market share to experiment with AI‑centric hardware and software. Read more

Emergent, a startup that lets non‑technical users create mobile apps through AI‑driven prompts, announced a $23 million Series A funding round led by Lightspeed. The round also included participation from Y Combinator, Together and several high‑profile angels. Emergent’s platform abstracts the entire software development lifecycle, handling everything from code generation to deployment and bug fixing. Since its launch, more than 1 million people have built over 1.5 million apps on the service. The company aims to broaden its capabilities, including a forthcoming native mobile client and new tools for ideation and discovery. Read more

Unit 221B, a New Jersey‑based cybersecurity firm, has raised a $5 million seed round from J2 Ventures to expand its eWitness threat‑intelligence platform. The company focuses on tracking English‑speaking teenage and young‑adult hackers who pose a growing risk to corporations, governments and the public. By aggregating data from police, journalists and security researchers, eWitness helps investigators identify, monitor and disrupt groups such as Scattered Spider and The Com. Company leaders say the new capital will accelerate development and support law‑enforcement efforts against this fast‑evolving threat landscape. Read more

San Jose‑based humanoid robotics firm Figure announced a Series C financing round that values the company at $39 billion. Led by Parkway Venture Capital with participation from Brookfield Asset Management, Nvidia and Intel Capital, the round exceeded $1 billion. Figure plans to expand its robot fleet, accelerate training infrastructure, and boost data‑collection capabilities. The funding brings the company’s total capital raised to nearly $2 billion since its 2022 founding. Read more

AI startup Anthropic announced a $13 billion Series F financing round that lifts its post‑money valuation to $183 billion. The round was co‑led by Iconiq, Fidelity Management & Research Company and Lightspeed Venture Partners, with participation from a host of institutional investors and sovereign wealth funds. Anthropic says the capital will fuel enterprise adoption, deepen safety research and support international expansion. The company, which last raised $3.5 billion at a $61.5 billion valuation in March 2025, now serves over 300,000 business customers and reports rapid growth in large‑account revenue and its Claude Code product. Read more

Aurelian, a startup focused on public‑safety technology, has rolled out an AI‑driven voice assistant to help 911 call centers manage non‑emergency inquiries such as noise complaints and lost wallets. The system, now active in more than a dozen U.S. cities and serving nearly five million residents, handles roughly three‑quarters of non‑emergency calls, freeing human dispatchers to concentrate on life‑threatening situations. Aurelian recently secured $14 million in funding to expand its operations and reduce dispatcher burnout. Read more