Groq reportedly seeking $650M in new funding
AI chip startup Groq is reportedly looking to raise $650 million in new funding from existing investors to expand its inference neocloud business.
Tuesday, October 13, 2026
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AI chip startup Groq is reportedly looking to raise $650 million in new funding from existing investors to expand its inference neocloud business.
XCENA raised $135 million at a $570 million valuation to develop AI chips that process data directly within memory, aiming to reduce infrastructure bottlenecks.
Asana has acquired workflow automation company StackAI for $75 million, aiming to integrate the technology to support collaboration between human workers and AI agents.
Anthropic raised $65 billion at a $965 billion valuation, marking a major funding milestone that could be the startup's final private round before a potential IPO.
Healthcare data platform H1 raised $40 million from CVS Health Ventures, demonstrating that data-centric SaaS companies can still secure funding despite broader market skepticism toward pre-AI startups.
Insurance startup Corgi raised a $106 million Series B1 at a $2.6 billion valuation — double what it was worth three weeks earlier — drawing scrutiny over VC markup practices.
Triomics raised $22 million in Series B funding led by Battery Ventures to scale its oncology-specific AI platform for automating administrative tasks in cancer centers.
Thea Energy raised an oversubscribed $100 million Series B round to expand magnet manufacturing and begin construction of its Eos fusion demonstration device.
Cognition, the maker of the Devin AI software engineer, raised more than $1 billion at a $25 billion pre-money valuation, signaling strong demand for independent AI coding tools.
Boston-based startup SOND has emerged from stealth with $7 million in funding and aims to bring its AI-powered, closed-loop Dreambuds to mass production by Q2 2026.
Milan-based WeRoad raised $58 million led by Airbnb to expand its group travel platform into the US, bringing its total capital raised to roughly $100 million.
OpenRouter raised $113 million in Series B funding at a valuation of about $1.3 billion, signaling strong demand for its multi-model AI gateway platform.
Atlanta-based logistics startup Stord raised $250 million at a $3 billion valuation, doubling its worth from a year ago as it expands its AI-powered e-commerce platform.
Lucra Sports raised a $20 million Series B led by ARK Invest after founder Dylan Robbins adjusted his pitch to address the current venture capital obsession with AI.
SolarSquare is in advanced talks to raise up to $60 million at a potential $450 million to $500 million valuation, signaling growing investor conviction in India’s residential solar market.
Convective Capital raised an $85 million fund to invest in disaster resilience, expanding its mandate beyond wildfire-specific technology to broader physical risk management.
Fragrance tech startup Patina has raised $2 million to develop Sense1, an AI foundation model designed to replicate scent receptors and modernize the fragrance industry.
Hark has raised $700 million in a Series A round at a $6 billion valuation, and expects to release multimodal models and hardware devices starting this summer.
Maka Kids raised $3 million in pre-seed funding to build a streaming app for children ages zero to six that prioritizes developmental well-being over engagement metrics.
London-based Fresha has raised $80 million from KKR, pushing the beauty and wellness booking platform to a valuation of more than $1 billion.