Anthropic is targeting an IPO the size of the largest ever
Anthropic is targeting an IPO the size of the largest ever

Anthropic expects its IPO to match or exceed SpaceX’s record $75bn raise, and could file publicly as soon as the end of this month. It made a net loss of almost $42bn in 2025, five times the year before. Anthropic expects its stock market debut to matc…

Milan’s Domyn raises over $1bn Europe’s largest AI round, mostly in debt
Milan’s Domyn raises over $1bn Europe’s largest AI round, mostly in debt

Domyn has raised more than $1bn, which makes it one of the largest financings a European AI company has ever announced, yet only about a tenth of it is equity. The Milan company took roughly $1.1bn in total, split about 10% equity and 90% debt, accordi…

OpenAI’s CFO told staff it will go public in 2027, or sooner
OpenAI’s CFO told staff it will go public in 2027, or sooner

OpenAI has finally put a date on its stock market debut. The company “will be a public company in 2027,” or sooner if its business keeps growing fast, chief financial officer Sarah Friar told staff at an all-hands meeting. CNBC reported the comments, c…

Prosus is putting $100mn into Navi, at a lower price than it once wanted
Prosus is putting $100mn into Navi, at a lower price than it once wanted

Navi, the Indian fintech founded by the Flipkart co-founder Sachin Bansal, has raised $100mn from the investor Prosus. It is the first outside institutional funding for the eight-year-old company, TechCrunch reported. Navi is preparing to go public. Th…

A $1.3bn loan will help build a Texas data centre for Anthropic
A $1.3bn loan will help build a Texas data centre for Anthropic

An investment firm is lending about $1.3bn to help build a giant AI data centre in Texas that will house Anthropic. It is one of the latest jumbo deals fuelling the AI boom. Eagle Point Credit Management is providing the loan, Bloomberg reported. The l…

Muon Space raises $250m from backers including Google and Salesforce
Muon Space raises $250m from backers including Google and Salesforce

Muon Space has raised $250m in a round backed by Google and Salesforce, according to their announcement. It is the largest cheque yet written to a company whose best-known product is a constellation that watches for wildfires. The rise had been visible…

Relativity Networks raised $22mn to make AI’s fibre run at nearly light speed
Relativity Networks raised $22mn to make AI’s fibre run at nearly light speed

Relativity Networks has raised $22mn and landed a $40mn order from a large cloud provider. The company is pitching a faster kind of fibre for AI data centres. The Orlando-based company announced the funding and the commercial deal on Tuesday, in a pres…

Skanska takes a $1.2bn order to build four US data centres for an unnamed client
Skanska takes a $1.2bn order to build four US data centres for an unnamed client

Skanska has signed a $1.2bn contract to build four data centres in the southeastern United States, the largest single data centre order the Swedish construction group has announced. The client is an existing customer, and Skanska is not saying who it i…

Callosum raises $100m to make AI workloads cheaper, with the British state on the cap table
Callosum raises $100m to make AI workloads cheaper, with the British state on the cap table

Callosum has raised $100m, six months after leaving stealth with a tenth of that, and the round includes money from the British state. Bloomberg reported the raise, describing the UK’s public AI fund as a backer. The Cambridge company came out of steal…

Velatir raises €5m to sell European companies control over their own AI
Velatir raises €5m to sell European companies control over their own AI

Velatir, an Odense startup that sells companies a way to see and control the AI their employees are already using, has raised €5m in seed funding six months after closing its pre-seed. Spintop Ventures, a Nordic early-stage firm investing in the compan…