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News
CloudNC raises $20M from Nimble Ventures and Lockheed Martin’s fund as its AI reaches 1,000+ machine shops — TFN
5+ day, 4+ hour ago (466+ words) Theo Saville spent his university years getting comfortable with 3D printers before he ever touched a CNC machine. The jump was jarring: a 3D printer took a file and made a part; a CNC machine took a file, an engineer’s patience, and…...
Samsung leads Mistral's €3B round, pushing Europe's AI champion to a €21B valuation — TFN
6+ day, 8+ hour ago (600+ words) In 2023, Arthur Mensch, Guillaume Lample, and Timothée Lacroix resigned from their secure posts at Google DeepMind and Meta to set up Mistral, a company that would serve as a European competitor to OpenAI and Anthropic. The firm just closed a…...
a16z expands Growth fund to $8.5B after backing Databricks, OpenAI, SpaceX and others — TFN
1+ week, 6+ day ago (426+ words) Andreessen Horowitz has topped up its fifth Growth fund to $8.5 billion, adding $1.75 billion to the $6.75 billion vehicle it launched in January 2026. The close, announced on August 31, lands only three days after the same firm closed a $1.1 billion fund dedicated to…...
Nscale closes $3B debt package to power AI infrastructure buildout across the US — TFN
1+ week, 6+ day ago (427+ words) Nscale has closed roughly $3 billion in investment-grade debt to bankroll two GPU campuses in the US, the latest instalment in a financing run that has seen it raise more than $9 billion in under a year. The deal, split across two…...
Emerald AI raises $150M at $1.05B to turn AI data centres into grid allies — TFN
2+ week, 5+ day ago (795+ words) Emerald AI, a Washington, D.C.-based startup that helps AI data centres reduce or shift their power consumption when the grid is under stress, has raised $150 million in its oversubscribed Series A round at a $1.05 billion valuation. Energize Capital and DCVC…...
Lambda eyes $12B valuation with $3B pre-IPO raise as AI cloud race heats up — TFN
2+ week, 6+ day ago (441+ words) Lambda is talking to investors about raising up to $3 billion at a valuation of $12 billion or higher, according to Bloomberg, which cited people familiar with the discussions. If it closes, the round would set up the Nvidia-backed GPU cloud provider…...
Nvidia reportedly eyes Perplexity at a $30B+ valuation as AI search becomes an agent business — TFN
3+ week, 7+ hour ago (487+ words) Nvidia is reportedly discussing an investment in Perplexity as part of an equity funding round that would value the AI search startup at more than $30 billion, The Information reported, citing people with knowledge of the discussion. The funding round would…...
Nebius to offer $4.5B worth of convertible notes: Why investors are exercising caution given — TFN
3+ week, 4+ day ago (510+ words) The Amsterdam-headquartered Nebius, listed on Nasdaq as NBIS, announced plans to sell $4.50 billion in convertible senior notes, split into $2.75 billion due 2030 and $1.75 billion due 2034. It also granted initial purchasers options on an additional $375 million of the 2030 tranche and $300 million of…...
NVIDIA-backed Groq raises $350M at $3.5B as AI inference race accelerates — TFN
3+ week, 6+ day ago (433+ words) In September 2025, Groq was an independent chip company valued at $6.9 billion, built to challenge Nvidia’s grip on AI hardware. As of August 2026, it is worth half that amount, and the investing company is Nvidia itself. Groq has closed a $350 million…...