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AI

AI evaluation startup LMArena raises $150M at $1.7B valuation

By Maria Deutscher Jan 6, 2026

LMArena, a startup that helps artificial intelligence developers benchmark their models’ output quality, has raised $150 million in early-stage funding. The company announced the Series A investment today. The round was led by Felicis…

Emerging Tech

Photonic raises $130M to scale quantum computers with entanglement-based networking

By Mike Wheatley Jan 6, 2026

Canadian quantum computing startup Photonic Inc. said today it has closed on CAD$180 million ($130 million) in funding as part of the first phase of its latest investment round. The company said it’s aiming…

Infra

Marvell buys network switching specialist XConn for $540M to boost its AI story

By Mike Wheatley Jan 6, 2026

Chipmaker Marvell Technology Inc.’s stock moved higher today after the company announced plans to acquire the network interconnect startup XConn Technologies Holdings Inc. in a stock-and-cash deal valued at $540 million. XConn is a…

Emerging Tech

Mobileye to acquire AI humanoid robotics startup Mentee Robotics in $900M deal

By Duncan Riley Jan 6, 2026

Automotive chip maker Mobileye Global Inc. announced today that it has agreed to acquire artificial intelligence humanoid robotics company Mentee Robotics Ltd. in a $900 million deal. The deal consists of $612 million in…

AI

Elon Musk’s xAI raises $20B funding round backed by Nvidia and Cisco

By Maria Deutscher Jan 6, 2026

Large language model developer xAI Corp. today announced that it has raised $20 billion in late-stage funding. The Elon Musk-backed company says that Nvidia Corp. and Cisco Systems Inc. participated in the Series E…

Cloud

OneStream to be acquired by Hg in all-cash $6.4B transaction

By Duncan Riley Jan 6, 2026

Financial service provider OneStream Inc. announced today that it will be acquired by an entity controlled by buyout firm Hg in an all-cash transaction that values OneStream at $6.4 billion. Under the terms of…

Infra

Data center startup DayOne closes $2B+ funding round

By Maria Deutscher Jan 6, 2026

DayOne Data Centers Ltd. has raised a Series C funding round worth more than $2 billion to finance its construction efforts. The Singapore-based company announced the investment on Monday. Coatue led the raise with…

AI

Clipto raises funding at $250M valuation to revolutionize on-device content management

By Kyt Dotson Jan 6, 2026

Clipto Inc., a generative artificial intelligence company developing an AI-native multimodal operating system, announced a new funding round today valuing the company at more than $250 million. The latest round follows multiple back-to-back funding…

Infra

Lenovo launches new ThinkSystem servers dedicated to AI inference

By Mike Wheatley Jan 6, 2026

Lenovo Group Ltd. is pushing to become the workhorse of the artificial intelligence industry after unveiling a slate of new, enterprise-grade server systems specifically for AI inference workloads. The new servers are the latest…

AI

AI lending startup Pluto Financial raises $8.6M to unlock illiquid private equity capital

By Mike Wheatley Jan 6, 2026

A startup called Pluto Financial Technologies Inc. said today it has raised $8.6 million and secured hundreds of millions of dollars in lending capacity to help investors in private equity unlock the value held…

all stories

AI evaluation startup LMArena raises $150M at $1.7B valuation

Photonic raises $130M to scale quantum computers with entanglement-based networking

Marvell buys network switching specialist XConn for $540M to boost its AI story

Mobileye to acquire AI humanoid robotics startup Mentee Robotics in $900M deal

Elon Musk’s xAI raises $20B funding round backed by Nvidia and Cisco

OneStream to be acquired by Hg in all-cash $6.4B transaction

Data center startup DayOne closes $2B+ funding round

Clipto raises funding at $250M valuation to revolutionize on-device content management

AI lending startup Pluto Financial raises $8.6M to unlock illiquid private equity capital

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