Archive
Tag: Startup Funding
Glean Reaches $300 Million ARR, Citing Surging Enterprise Demand
Glean has reached $300 million in annual recurring revenue (ARR), the company said Thursday, an amount that tripled in just 15 months. It attributes the growth to stronger enterprise data context, broader departmental deployment, and higher-than-average user engagement. This milestone signals that Glean is holding its ground, even as enterprise software vendors like Slack, Dropbox, […]
One in Two Venture Capital Dollars Went to AI in 2025, Largely Concentrated in San Francisco
Investors aren’t showing restraint when it comes to AI. According to new data from Crunchbase and HumanX, AI companies pulled in $211 billion in venture capital last year—an 85 percent jump from 2024. Put differently: One out of every two VC dollars went into AI. The money isn’t evenly spread. Unsurprisingly, it’s heavily concentrated in […]
JWX Acquires AI Video Startup Aug X Labs, Folding Augie Studio Into Its Enterprise Media Stack
Aug X Labs, the creator of AI-powered video app Augie Studio, has been acquired by video technology firm JWX. Financial terms were not disclosed, but the deal includes the full retention of Aug X Labs’ team, with co-founders Jeremy Toeman and JT White moving into executive roles once the deal closes. In addition, because JWX […]
Luma AI Raises $900 Million From Saudi-Backed HUMAIN
Luma AI has secured $900 million in new financing in a round led by HUMAIN, the Saudi sovereign wealth fund-backed AI firm. The startup, known for Dream Machine and the Ray model, says the capital will accelerate its work on large-scale World Models. The latest infusion brings Luma’s total funding to more than $1 billion; […]
Meet the 40 Startups Named to AWS’ 2025 Generative AI Accelerator
Amazon Web Services (AWS) has selected the startups that will participate in its generative AI accelerator (GAIA). The third cohort comprises a diverse mix of companies from software, life sciences, healthcare, media and entertainment, finance, professional services, manufacturing, cybersecurity, legal, robotics, and education sectors—all with one thing in common: they are utilizing AI. “This year’s […]
Dyna Robotics Secures $120 Million from Nvidia, Samsung, and Amazon to Bring General-Purpose Robots to Market
Dyna Robotics, the startup behind the Dynamism v1 (DYNA-1) robot, has raised $120 million in new funding. The Series A investment round was led by Robostrategy, CRV, and First Round Capital, with participation from Salesforce Ventures, Nvidia’s venture arm NVentures, Amazon Industrial Innovation Fund, Samsung Next, and LG Technology Ventures. The company disclosed it will […]
Commonwealth Fusion Systems Lands $863 Million to Bring Fusion Power Closer to Reality
Commonwealth Fusion Systems (CFS), an American fusion power company spun out from the Massachusetts Institute of Technology (MIT), has secured $863 million in Series B2 funding. The new round comes four years after the energy firm raised $1.8 billion, bringing its total to around $3 billion—an amount that’s “one-third of the total capital” invested in […]
Inside AWS’s Global Accelerator for the Generative AI Era
Last December, I sat inside the theatre at the Venetian Hotel and Casino in Las Vegas, the home of world-famous magician Shin Lim. Only, I’m not there to see a sleight-of-hand spectacle—I’m there to watch the inaugural “Unicorn Tank,” a startup pitch competition put on by Amazon Web Services (AWS) held during its re:Invent conference. […]
Computing Overhead Could Cloud AI Startup Runway As Costs Soar
Tech industry watchers were aghast years ago as Uber, Stripe, and other startups raised billions of dollars in new investment capital. Granted that happened when these companies were established, but the amount was staggering. And we are poised to see such activity again, this time with AI startups. But the money won’t all be for […]
What the Taylor Swift Deepfakes Say About the Dangers of AI
Welcome back for another issue of “The AI Economy,” a newsletter exploring artificial intelligence’s impact on business, work, society and tech. This week: Uncover the consequences of the explicit deepfakes depicting the “Anti-Hero” singer and the seismic shift in the AI industry they triggered, an event unparalleled in its history. Plus, what you need to […]