Fal raises $1.3B Series F at $16B valuation as AI inference demand surges
The AI inference and generative media startup doubled its valuation in a round led by Bessemer with participation from Nvidia and T. Rowe Price.
Tech.eu · +14 outlets
Meta acquires AI coding startup Conductor to expand agentic software development
The deal lets Meta deploy teams of coding agents and intensifies competition among large tech firms to own AI-assisted software development.
TechCrunch · +5 outlets
Revolut valuation jumps 53% to $115B in secondary share sale ahead of US bank launch
Glade Brook, Coatue and T. Rowe Price led the sale, more than doubling the fintech's valuation in about two years.
TechCrunch · +5 outlets
Sequoia consolidates into Bay Area firm, closing London office and cutting Europe team
The firm is undoing 20 years of global expansion and shutting down overseas programs while announcing roughly $10 billion in new funds.
Sifted · +7 outlets
Salesforce acquires conversational AI startup Cresta for $2.7 billion
The acquisition adds AI-powered contact center and customer service agents to Salesforce's portfolio.
The Information · +9 outlets
Tenspresso, a three-month-old chip startup, in talks for $500M valuation
The reported talks underscore continued investor appetite for early-stage chip companies amid the AI hardware boom.
Startup Fortune · +3 outlets
Canva lays off over 1,200 staff, 22% of workforce, amid slowing growth
The design software company called it its hardest year yet as it cuts a fifth of its staff.
TechCrunch · +7 outlets
Global venture funding hits $59B in October, lifted by China's record DeepSeek round
Crunchbase data shows October funding rose 45% year over year, largely on a $15.9 billion round for China's DeepSeek.
Crunchbase
Traversal raises $120M Series B at $1B valuation for AI site reliability engineering
The autonomous SRE startup uses AI to find the root cause of production outages for enterprises.
SiliconANGLE · +10 outlets
Northwood Space raises $375M at $2B valuation for satellite ground stations
The ground station startup founded by a former Disney star raised from a16z and DFJ Growth to expand satellite infrastructure.
Tekedia · +11 outlets
UK chip startup Fractile raises about $700M at $6.5B valuation
The raise signals heavy investor interest in novel chip architectures targeting AI workloads.
Blockchain Council · +4 outlets
Anthropic quarterly revenue hits $17B as dollar growth slows for first time
Anthropic's amended S-1 shows Q3 revenue of $16.96 billion and a shrinking quarterly dollar add as heavy AI spending peaks.
Saastr · +9 outlets
India's EloElo raises $80M led by NBCUniversal to bet on microdrama market
More than 118 million users watch microdramas monthly in India, and EloElo's Story TV is among the top apps in the format.
TechCrunch · +8 outlets
Chinese AI firm DeepSeek's $15.9B round was largest startup deal ever in China
The record round drove a 45% year-over-year jump in global venture funding in October.
Crunchbase · +2 outlets
AI PACs spent millions on the 2026 midterms with mixed results
Political groups funded by the AI industry are already turning their attention to the next election cycle.
TechCrunch · +13 outlets
Google faces backlash over plan to disable Search for schools that restrict AI
Politicians including NYC mayor Zohran Mamdani and former FTC chair Lina Khan accused Google of acting as an unregulated monopoly.
TechCrunch · +7 outlets
Menlo Ventures report: enterprise AI spend hits $177B, only 22% from software budgets
The fourth annual State of Enterprise AI report shows deployment spend up 5.4x year over year and equal to about 30% of public cloud revenue.
Saastr · +1 outlets
Kuaishou-backed chip startup Lingchuan raises $150M Series B
The Chinese chip developer's round reflects sustained capital flows into domestic AI semiconductor firms.
Dealroom