Venture Capital

OpenAI has closed the first 11 billion dollars of its latest funding round, at a valuation of 1.25 trillion dollars, Bloomberg News reported on Friday, citing people familiar with the matter. Reuters carried the report on Friday evening, November 6. The money has been wired, according to the reporting, but the round itself is not finished, and OpenAI declined to comment.

Anthropic filled in the blanks in its IPO paperwork on Monday, and the new numbers show a company growing at a pace few businesses ever reach — and spending almost as fast to keep up. In an amended Form S-1 filed with the Securities and Exchange Commission on November 2, the Claude maker reported revenue of 17 billion dollars for the three months ended September 30, up 1,127 percent from a year earlier. For the first nine months of 2026, revenue reached 33.24 billion dollars.

The Canadian government is taking an equity stake in Cohere, joining a funding round that the Toronto-based AI lab says is the largest private financing ever undertaken by a Canadian technology company.

Anthropic made its initial public offering filing public on Monday, giving investors the clearest look yet at the finances, spending commitments and risks behind the maker of Claude. The company plans to list its Class A common stock on the Nasdaq Global Select Market under the symbol ANT, with both Anthropic and existing shareholders selling shares. Goldman Sachs and Morgan Stanley are named first among 24 underwriters. The filing does not yet set a share count or price range, and CNN reports trading could begin as soon as November 16.

Artificial intelligence has delivered "zero financial payoff" to corporate America outside the technology sector, according to Torsten Slok, partner and chief economist at Apollo Global Management. In a Daily Spark note published on October 24, titled "No Signs of AI Payoff Outside the Tech Sector," Slok argued that despite massive investments and widespread hype, there is still no evidence that revenue growth or profit margins are improving for most large companies.

Daytona Platforms, a three-year-old startup building cloud infrastructure designed specifically for AI agents, has raised a 60 million dollar Series B round at a 1 billion dollar valuation. FirstMark Growth led the round, which the company announced this week, and the new money brings Daytona's total funding to 91 million dollars — a rapid climb for a company selling one of the least glamorous and most necessary pieces of the AI stack: somewhere for agents to actually run.

Warp Sciences emerged from stealth on Thursday with 215 million dollars in funding and a plan to rebuild, in the United States, a piece of the drug discovery business that largely moved overseas: making and testing compounds. The round, led by Lightspeed, values the startup at 865 million dollars including the new money, according to the company's announcement.

Anthropic could make its initial public offering paperwork public as early as Friday, October 23, moving the maker of Claude one step closer to what could become the largest stock market debut ever. Yahoo Finance reported the timing on Wednesday, citing three people familiar with the plans. Anthropic did not respond to a request for comment.

Legal AI startup Legora announced on Wednesday that it has raised 550 million dollars in a Series E funding round that values the company at 8.8 billion dollars, a major financing for a company selling AI tools built for lawyers.

Boston-based artificial intelligence startup ASI said on Tuesday it has raised 325 million dollars in a Series C funding round that values the company at 3 billion dollars, a sign of how strongly investors are backing AI built for the physical world rather than for chatbots. The round was led by Spark Capital, with participation from affiliates of Citadel Securities, Meritech Capital and Craft Ventures, among others, Reuters reported.