01
AI BusinessSAP to Acquire TechWolf to Power Joule and Workforce Agents
SAP agrees to buy Belgian AI firm TechWolf, folding its context graph for work into SuccessFactors and Joule to power skills-based HR agents. Close due Q4.
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AI Business
02
AI BusinessMandia's Armadin Raises $255.5M for AI Agent Swarm Security
Kevin Mandia's Armadin raised a $255.5M Series B at a $2.5B+ valuation led by a16z and Accel to scale autonomous AI agent swarms that attack networks first.
03
AI BusinessBroadcom to Lend Anthropic Up to $42 Billion for AI Chip Leases
Anthropic's draft IPO prospectus shows Broadcom will lend it up to $42 billion via convertible notes to fund TPU chip leases, deepening AI's circular financing.
04
AI BusinessOpenAI Seeks $30B at a $1.4 Trillion Valuation as IPO Slips
OpenAI is seeking at least $30 billion at about a $1.4 trillion valuation in a bridge round after pushing its IPO to 2027, as the tech IPO market cools.
05
AI BusinessInstinct Raises $1B at $10B Valuation for Personal AI Agents
Personal AI agent startup Instinct raised a $1 billion Series C from Sequoia, Benchmark and Coatue at a $10 billion valuation, four times its August price.
06
AI BusinessOpenEvidence Hits $15B Valuation and Moves Into Cancer Drugs
Clinical AI search company OpenEvidence raised $250M at a $15B valuation and plans to develop cancer drugs, as investors pile into specialised healthcare AI.
07
AI BusinessCognition Nears $1B Run Rate as AI Coding Agents Boom
Cognition, maker of the Devin coding agent, is on track for a $1 billion annualized revenue run rate, roughly doubling in four months, Bloomberg reports.
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AI BusinessAnthropic's $11.6B Akamai Deal Bets on CPUs, Not Just GPUs
Anthropic signed a seven-year, $11.6 billion cloud deal with Akamai for CPU capacity, with a $9 billion expansion option and a warrant for up to 5% of Akamai stock.
09
AI BusinessSnorkel AI Raises $350M as Frontier Labs Pay Up for Data
Snorkel AI raised $350 million at a $3.5 billion valuation, led by Insight Partners and S32, to scale its agentic data factory for frontier AI labs.
10
AI BusinessAlibaba Bets on 20 Gigawatts and Its Own AI Silicon
Alibaba unveiled its Zhenwu V900 accelerator and a 20GW data centre target, sending shares up 5% and sharpening China's AI infrastructure economics.
11
AI BusinessSoftBank Sells $11bn of Junk Bonds to Fund Its OpenAI Bet
SoftBank has launched an $11bn-plus high-yield bond sale to fund its third OpenAI tranche, tying the AI boom directly to global credit markets.
12
AI BusinessHarvey Raises $550M at $15.5B as Legal AI Buys Its Guardrails
Harvey's $550M round values the legal AI platform at $15.5B and funds an acquisition of agent-security startup Guardrails AI as ARR passes $400M.
13
AI BusinessNvidia Buys Hugging Face for $12.93 Billion in Open-AI Bet
Nvidia confirmed a $12.93 billion acquisition of Hugging Face, its second-largest deal ever, buying the open-source AI ecosystem's distribution layer.
14
AI BusinessAI Assistants and Robot Models Lead a $1.4 Billion Funding Week
Instinct's $250M Series B topped a funding week dominated by AI assistants, robotics foundation models, autonomous trucking and data centre energy software.
15
AI BusinessAI Drives Venture Funding to Record $510B in H1 2026
Global venture funding hit a record $510B in H1 2026 as AI captured over 70% of Q2 capital, with OpenAI and Anthropic taking nearly half the total.
16
AI BusinessHorizon3 Raises $250M at $2B Valuation for Autonomous AI Pentesting
Horizon3.ai closed a $250M Series E at a $2B-plus valuation, tripling its worth in a year as enterprises rush to buy autonomous, always-on AI penetration testing.
17
AI BusinessSafe Superintelligence Lands $5 Billion and a Long-Term Nvidia Pact
Ilya Sutskever's Safe Superintelligence raised $5 billion in an Nvidia-backed round and struck a long-term partnership to scale its compute.
18
AI BusinessEtched Hits $10.3B Betting Transformer-Only Chips Beat Nvidia
AI chip startup Etched raised $300M at a $10.3B valuation led by Sequoia, doubling down on a Sohu chip built to run only transformers and undercut Nvidia on inference.
19
AI BusinessFireworks AI Raises $1.5B at $17.5B as Inference Money Floods In
Fireworks AI's $1.5B Series D at a $17.5B valuation headlines a summer surge of capital into the inference layer as enterprises move from AI pilots to production.
20
AI BusinessDatabricks Hits $188B Valuation as AI's Favorite Second Act
Databricks signed a term sheet for a Coatue-led round at a $188B valuation — a 40% jump in months — doubling down on AI governance, agents and Lakebase.
21
AI BusinessJoulent Raises $1.75B to Power AI — the Week's Biggest Round
Houston's Joulent raised $1.75B led by National Grid Ventures to build energy infrastructure for AI — the largest disclosed round in a $4.2B final week of July.
22
AI BusinessThreatLocker Raises $190M as Investors Bet on Controlling AI Agents
Cybersecurity firm ThreatLocker raised $190M as investors bet that policy enforcement grows more valuable as AI agents gain access to internal systems.
23
AI BusinessKalanick's Atoms Raises $1.7B for Physical AI in a16z-Led Round
Travis Kalanick's Atoms raised $1.7 billion led by a16z, with Uber among backers, to build industrial physical AI across food, mining and transport.
24
AI BusinessFireworks AI Raises $1.5B as Capital Floods Into AI Inference
Fireworks AI closed a $1.505B Series D at a $17.5B valuation, the week's biggest US round, as venture money rotates from model training to inference.
25
AI BusinessNorm AI Raises $120M as Compliance Becomes Agentic AI's Hot Market
Norm AI's $120M raise at a $1.2B valuation signals where 2026 capital is flowing — regulated, high-ROI enterprise AI that automates legal and compliance work under governance.
26
AI BusinessEven Realities Hits $1B Valuation With $150M Smart-Glasses Round
Camera-free smart-glasses maker Even Realities raised $150M led by Meituan and Tencent, reaching a $1B valuation as physical-AI hardware draws heavy capital.
27
AI BusinessTogether AI Raises $800M as AI Infrastructure Money Concentrates
Together AI has closed an $800M Series C amid a record H1 for venture capital, as enterprise demand pushes money into AI infrastructure and agents.
28
AI BusinessChai Discovery Raises $400M as AI Drug Design Booms
Chai Discovery raises a $400M Series C at a $3.8B valuation, nearly tripling its worth in seven months as AI drug design funding surges in 2026.
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AI BusinessTogether AI Raises $800M as Energy Giants Bet on Open-Model Cloud
Together AI raised $800 million led by Aramco Ventures, doubling its valuation to $8.3 billion as investors back cheaper open-model AI infrastructure.