Anthropic presses ahead with planned $80B-$100B IPO before Thanksgiving
Anthropic is continuing plans to list before Thanksgiving this month despite the tech stock rout, the Financial Times reported, citing sources. The Claude developer expects to raise $80B-$100B at a valuation of $1.25T to $1.75T. Those figures describe its planned offering.
OpenAI closes roughly $11 billion in funding at $1.25 trillion valuation
OpenAI has received roughly $11 billion in new funding, the initial portion of a round valuing it at $1.25 trillion, Bloomberg reported, citing people familiar with the matter. The money had been wired by Friday.
Ondine Capital announces first close of third fund for AI and semiconductors
Ondine Capital announced the first close of its third U.S. dollar-denominated venture fund, securing commitments from institutional and strategic investors, including semiconductor companies in Taiwan.
Sequoia ends scout program and closes London office in overhaul
Sequoia announced that it is shutting down its scout program and closing its London office as part of a broader overhaul, TechCrunch reported. The program let selected founders and operators invest on the firm's behalf, extending its reach to prospective investments.
Shield AI secures $2 billion in equity and $500 million in debt
Shield AI secured $2 billion in equity funding and $500 million in debt financing, Crunchbase News reported. The defense technology company develops autonomy software and systems, alongside simulation and synthetic reality technologies.
Axon invests $1.2B in Skydio for minority stake
Axon has invested $1.2B in autonomous drone manufacturer Skydio at a $5.2B pre-money valuation, according to Resilience Media. The investment gives Axon a minority stake and strengthens an exclusive public safety partnership.
