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Funding & M&A
AI funding rounds, valuations, IPOs and acquisitions.
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Funding tracker
Rounds, valuations, acquisitions and partnerships · who with whom · latest 8 below, 16 in the table
Acquisition
OpenAI acquires Orchestra Bio
openai.com (source, opens in a new tab)Funding
Arena Intelligence raises $200M Series B at $3.1B valuation
arena.ai (source, opens in a new tab)Funding
Mistral raises €3B Series D at ~€21B valuation
reuters.com (source, opens in a new tab)Acquisition
NVIDIA to acquire Hugging Face for ~$12.9B
Agreement to acquire Hugging Face for about $12.9B (incl. up to $1B retention equity); expected to close in H1 2027 subject to approvals.
blogs.nvidia.com (source, opens in a new tab)Funding
Moonshot AI raises $3.5B at $35B valuation*
Reported $3.5B at about $35B, led by China's state-backed National AI Industry Investment Fund (Bloomberg). Straits Times reported a higher ~$45B valuation; not confirmed by Moonshot.
bloomberg.com (source, opens in a new tab)Acquisition
SpaceX to acquire Cursor maker Anysphere in $60B all-stock deal
All-stock merger announced June 16, 2026 and closed August 14, 2026 per SpaceX SEC filings; Anysphere shareholders received about 389.3M SpaceX Class A shares. Cursor joins SpaceXAI's coding push.
reuters.com (source, opens in a new tab)Funding
DeepSeek closes first external round of over $7B
Per The Information via Reuters: >¥50B (~$7.4B) at a post-money valuation above $50B, with an unusual deal structure.
reuters.com (source, opens in a new tab)Acquisition
OpenAI to acquire Ona for secure cloud execution of Codex agents
openai.com (source, opens in a new tab)
Latest 16 rounds & deals as a table
| Date | Event | Type | Counterparty / round | Amount | Valuation | Source |
|---|---|---|---|---|---|---|
| Oct 20, 2026 | OpenAI acquires Orchestra Bio Life-sciences acquisition announced on OpenAI's blog; terms not disclosed. | Acquisition | acquires Orchestra Bio | — | — | openai.com |
| Oct 8, 2026 | Arena Intelligence raises $200M Series B at $3.1B valuation Arena (formerly LMArena) raises a $200M Series B at a $3.1B valuation, co-led by Lightspeed and Khosla; company says it has passed $100M annualised revenue and launches an Alignment Index. | Funding | Series B | $200M | $3.1B | arena.ai |
| Sep 8, 2026 | Mistral raises €3B Series D at ~€21B valuation Valuation ~€21B (≈$24.4B). Confirmed by Reuters and TechCrunch. | Funding | Series D | €3B | $24.4B | reuters.com |
| Sep 3, 2026 | NVIDIA to acquire Hugging Face for ~$12.9B Agreement to acquire Hugging Face for about $12.9B (incl. up to $1B retention equity); expected to close in H1 2027 subject to approvals. | Acquisition | to acquire Hugging Face | $12.9B | — | blogs.nvidia.com |
| Jul 29, 2026 | Moonshot AI raises $3.5B at $35B valuation* Reported $3.5B at about $35B, led by China's state-backed National AI Industry Investment Fund (Bloomberg). Straits Times reported a higher ~$45B valuation; not confirmed by Moonshot. | Funding | Round led by National AI Industry Investment Fund | $3.5B | $35B | bloomberg.com |
| Jun 16, 2026 | SpaceX to acquire Cursor maker Anysphere in $60B all-stock deal All-stock merger announced June 16, 2026 and closed August 14, 2026 per SpaceX SEC filings; Anysphere shareholders received about 389.3M SpaceX Class A shares. Cursor joins SpaceXAI's coding push. | Acquisition | acquires Anysphere (Cursor) | $60B | — | reuters.com |
| Jun 16, 2026 | DeepSeek closes first external round of over $7B Per The Information via Reuters: >¥50B (~$7.4B) at a post-money valuation above $50B, with an unusual deal structure. | Funding | First external round | ¥50B+ | $50B | reuters.com |
| Jun 11, 2026 | OpenAI to acquire Ona for secure cloud execution of Codex agents Ona's customer-controlled cloud environments let long-running Codex agents run inside an organisation's own cloud. Subject to regulatory approval. | Acquisition | to acquire Ona | — | — | openai.com |
| May 28, 2026 | Anthropic raises $65B Series H at $965B valuation Led by Altimeter, Dragoneer, Greenoaks and Sequoia; co-led by Capital Group, Coatue, D1, GIC, ICONIQ and XN. Includes $15B of previously committed hyperscaler investment, $5B of it from Amazon. Run-rate revenue had crossed $47B. | Funding | Series H | $65B | $965B | reuters.com |
| May 7, 2026 | Moonshot AI raises $2B at $20B valuation in Meituan-led round About $2B at a $20B valuation in a round led by Meituan's Long-Z Investments, with Tsinghua Capital, China Mobile and CPE Yuanfeng (Bloomberg, TechCrunch, SCMP). | Funding | Round led by Meituan (Long-Z) | $2B | $20B | bloomberg.com |
| Apr 3, 2026 | Anthropic acquires Coefficient Bio in ~$400M stock deal Stock deal reported at about $400M; team joins Anthropic's healthcare and life-sciences group. | Acquisition | acquires Coefficient Bio | $400M | — | techcrunch.com |
| Mar 31, 2026 | OpenAI raises $122B at $852B valuation Round closed with $122B in committed capital; anchored by Amazon, NVIDIA and SoftBank. | Funding | Round anchored by Amazon, NVIDIA & SoftBank | $122B | $852B | openai.com |
| Mar 19, 2026 | OpenAI to acquire Astral (uv, Ruff) for Codex Maker of the Python tools uv, Ruff and ty; team joins Codex and OpenAI plans to keep supporting the open-source tools. Subject to regulatory approval. | Acquisition | to acquire Astral | — | — | openai.com |
| Mar 11, 2026 | Google completes $32B Wiz acquisition, its largest ever All-cash deal announced March 2025 closes after US (Nov 2025) and unconditional EU (Feb 10, 2026) clearance; Wiz joins Google Cloud and keeps its brand and multicloud support. | Acquisition | acquires Wiz | $32B | — | blog.google |
| Mar 9, 2026 | OpenAI to acquire Promptfoo (AI security testing) Open-source framework for testing and red-teaming LLM applications; subject to closing conditions. | Acquisition | to acquire Promptfoo | — | — | openai.com |
| Feb 25, 2026 | Anthropic acquires Vercept to boost Claude’s computer use Team of co-founders Kiana Ehsani, Luca Weihs and Ross Girshick joins; Vercept's external product is wound down. | Acquisition | acquires Vercept | — | — | anthropic.com |
Sources: company announcements & release notes, press reports. * not independently verified.
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