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FUNDING$750M
Ramp Raises $750M Series F at a $44B Valuation as Fintechs With an AI Story Command Premiums
Spend-management company Ramp raised $750 million in a Series F at a $44 billion valuation, led by Iconiq, GIC and Ontario Teachers' Pension Plan -- nearly tripling its valuation in a year. With annualized revenue past $1 billion and 70,000+ customers, Ramp has become the marquee example of investors paying up for fintechs that have credibly bolted on AI.
Bezos-Backed Flourish Raises $500M at $2.5B for Brain-Inspired AI That Runs on Laptop-Level Power
FUNDING$500M
Bezos-Backed Flourish Raises $500M at $2.5B for Brain-Inspired AI That Runs on Laptop-Level Power
Flourish, co-founded by Internet Explorer creator Thomas Reardon, closed a $500M round at a $2.5B valuation on June 4 to build 'Cortex AI' — an architecture emulating real neuron connectomics and targeting 20-50 watt operation (a laptop, not a server rack). Jeff Bezos personally committed close to $100M; Lux Capital, GV and Catalio Capital joined.
Cyera Raises $600M at $12B Valuation as AI Data-Security Demand Doubles Again
FUNDING$600M
Cyera Raises $600M at $12B Valuation as AI Data-Security Demand Doubles Again
Data security posture management leader Cyera raised $600 million at a $12 billion valuation on June 2, doubling its mark from January and quadrupling since late 2024. Evolution Equity Partners led with Temasek, Cyberstarts, Accel, AT&T Ventures, Blackstone and Coatue participating — cementing Cyera as the runaway DSPM category leader.
PaleBlueDot AI Raises $150M to Scale GPU Cloud
FUNDING$150M Series B
PaleBlueDot AI Raises $150M to Scale GPU Cloud
PaleBlueDot AI closed a $150 million Series B led by B Capital at a valuation above $1 billion, after revenue grew more than tenfold on demand for its cost-efficient GPU cloud and AI agent platform.