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Venture Capital
Everything Briefed has filed against Venture Capital, most recent first.
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Lambda prices $917m loan to buy the chips Nvidia leases backLambda has priced a $917 million leveraged loan, backed by Morgan Stanley, to fund a GPU purchase that Nvidia will then partly rent back under a deal reportedly worth $1.3 to $1.5 billion over four…OpenAI just paid $7bn to its own staff without asking outside investorsOpenAI used its own cash, not a fresh round of SoftBank-style outside money, to buy back roughly $7 billion of employee shares at an $852 billion valuation, Bloomberg reports. That's a deliberate c…Hassabis moves to chairman as Jeff Dean walks out the doorGoogle just lost the executive who built its brain and is about to watch the researcher who wired its infrastructure walk to a rival startup. Demis Hassabis stepping up to chair DeepMind reads as p…SpaceX's first earnings test lands right as $100bn in stock unlocksSpaceX has never had to answer public-market-style earnings questions, and the timing here is brutal: its first real scrutiny arrives days before roughly $100bn of employee and early-investor stock…CoreWeave's investors just forced it to rethink its Anthropic debtCoreWeave backing down on debt structured against future Anthropic contract revenue signals that bond investors are no longer willing to take AI compute demand on faith, even from a company with Nv…An AI hiring startup guaranteed interviews to people who got its tattooA company offering guaranteed job interviews in exchange for a permanent brand loyalty tattoo is either a marketing stunt that generated exactly the coverage it wanted, or a genuine sign of how des…Commonwealth Fusion Systems is weighing when to go publicA fusion startup even considering an IPO timeline signals investors think commercial fusion economics are close enough to underwrite, a claim the industry has failed to deliver on for seventy years.Stripe eyeing OpenRouter puts a price on the AI model marketplaceOpenRouter has quietly become the plumbing that lets developers switch between GPT, Claude, and Llama without rewriting code, close to a payments rail for AI inference. Stripe's interest confirms t…GIC's verdict on Chinese AI models is a cost argument, not a quality oneSingapore's sovereign wealth fund saying Chinese open-weight models will collapse adoption costs is a statement about pricing pressure on OpenAI and Anthropic's enterprise contracts, not a claim th…Neko Health's $700m raise says full-body scanning is now a growth-equity category, not a wellness gimmickDaniel Ek putting Spotify-scale capital and credibility behind a preventative health scanning startup is a bet that consumers will pay out of pocket for diagnostic imaging the NHS and most insurers…Zilch's CEO has become UK fintech's unexpected political operator. That is a more durable edge than product.The profile of Philip Belamant, Zilch's founder, as UK fintech's de facto power broker reflects something the sector has needed for years: an operator willing to spend political capital rather than…Elastic buys DeductiveAI for up to $85 million. The observability arms race just got more specific.Elastic's acquisition of DeductiveAI, a CRV-backed startup that uses AI to detect, triage, and propose fixes for software bugs, is a small deal with a clear strategic read. Elastic is buying a capa…Jeff Bezos values a two-year-old UK materials AI start-up at $2.6bnCuspAI, a Cambridge-based company applying generative AI to materials discovery, has closed a $400 million round anchored by Bezos, quadrupling its prior valuation to approximately $2.6 billion for…SpaceX files for record $80bn IPO as Apple preps AI unveilMarkets face their biggest event week of the year with SpaceX's history-making public debut and Apple's AI strategy reveal colliding. SpaceX targets June 12 trading under ticker "SPCX" with 555.6 m…SpaceX pulls IPO target down to $1.8 trillionSpaceX reset its IPO valuation to 'at least $1.8 trillion' after earlier talk of exceeding $2 trillion, as institutional feedback forced a reality check. The company is seeking to raise up to $75 b…Anthropic's $900bn valuation surpasses OpenAI on paperAnthropic agreed terms on a $30 billion round at a $900 billion valuation, led by Dragoneer, Greenoaks, Sequoia, and Altimeter. This tops OpenAI's $852 billion March valuation and represents a 2.4x…Ex-OpenAI researcher's six-week startup eyes $4bn valuationJerry Tworek left OpenAI six weeks ago and is already seeking $500 million to $1 billion in funding at a $4 billion valuation for Core Automation. The former senior researcher is developing "a new …College soccer player builds app with no coding skillsJames VandeHei Jr., a 21-year-old Division I soccer player, launched an app yesterday using no-code AI tools after his media mogul father's January AI letter sparked his interest. The High Point Un…CoreWeave's $452m loss doubles estimates amid lawsuit pressureCoreWeave's AI infrastructure boom hit reality with a $452 million Q4 loss, nearly double Wall Street's $0.49 per share estimate. The company faces securities class action lawsuits alleging it hid …Founders Fund writes $1bn check to double down on AndurilThe defense tech company raised $2.5 billion at a $30.5 billion valuation, with Peter Thiel's firm leading the round in its largest-ever single investment. Anduril's 2024 revenue hit $1 billion, do…UK fintech founders abandon growth for survivalBritish fintech chiefs are switching from expansion mode to capital preservation as funding conditions deteriorate faster than expected. The shift signals the end of the growth-at-all-costs era tha…Defence parts maker Arxis raises $1.13bn in largest aerospace IPO since 2021Arxis Technology priced its IPO at the top of its range, pulling $1.13 billion from investors betting on a sustained defence spending boom. The aerospace parts manufacturer's revenue jumped 47 perc…