Baseten Secures $2 Billion in New Funding; Tenstorrent Raises $1.5 Billion in Series E

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This week, project funding news emerged as Baseten closed a $2 billion round led by Sands Capital, pushing its valuation to $26 billion and $30 billion across two tranches. The company specializes in AI model inference and fine-tuning to reduce enterprise costs. Tenstorrent also raised $1.5 billion in Series E funding, led by Jim Keller, to develop next-generation AI chips and open-source systems. New token listings remain a key focus for investors following AI-driven innovation.
Artificial Intelligence (Pure AI) and Chips/Infrastructure
  • Baseten completes a new funding round of $2 billion

    • This funding round, led by Sands Capital, is being conducted in two tranches, raising the company’s valuation to $26 billion and then $30 billion. The platform specializes in delivering highly efficient AI model inference and fine-tuning services, helping businesses significantly reduce the computational costs of running large models.

  • Tenstorrent completes a $1.5 billion Series E funding round

    • This round of funding, led personally by industry legend chip architect Jim Keller, is the largest chip-level technology financing in the past week. The company is dedicated to developing next-generation high-performance AI processors and open-source hardware systems aimed at breaking the absolute monopoly of traditional GPU manufacturers in the computing chip market.

  • Cohere completes the first closing of its Series E round (target of up to CAD 7 billion / approximately USD 5 billion)

    • This funding round was led by European retail giant Schwarz Group, with participation from the Canadian government, NVIDIA, Bell Ventures, and others, valuing the company at CAD 35.7 billion. The company specializes in providing independent, secure, and data-sovereign enterprise large models for highly regulated industries such as finance and healthcare, as well as government agencies.

  • Serval completes $150 million Series C funding

    • This round of funding, led by Sequoia Capital, brings the latest valuation of the San Francisco-based software company, founded just two years ago, to $3 billion. The company’s core business is developing “Coding Agents” for enterprise automation scenarios, significantly improving the efficiency of code writing and software development processes within organizations.

  • General Compute completes $100 million Series A funding

    • This round of funding is co-led by Blackbird and Abstract. As an AI cloud computing infrastructure provider, the company innovatively builds its AI inference platform using non-NVIDIA chips such as Cerebras, SambaNova, and Positron AI, offering the market diversified computing options.

  • Foundry Robotics completes $100 million Series A funding

    • This round is led by Marlinspike, with funds fully dedicated to the fields of physical AI and embodied intelligence. The company focuses on building and operating fully autonomous modern smart factories, truly bringing large model capabilities down to empower physical manufacturing.

  • AIR completes a $50 million seed round

    • This Tel Aviv-based AI security startup has been named to Fortune’s Cybersecurity 60, following two funding rounds: $10 million led by Sequoia Capital and $40 million led by Greenoaks. The company specializes in providing real-time vulnerability scanning and a security layer for enterprise-grade AI agents, as well as their associated third-party plugins and MCP servers.

  • Broccoli AI completes $52 million Series B funding

    • This round was co-led by renowned venture capital firm Khosla Ventures for the second consecutive time, with participation from venture arms of Koch Industries, bringing the company’s latest valuation to $300 million. The company is dedicated to building vertical AI agents for traditional blue-collar service industries such as HVAC, plumbing, and electrical work, enabling autonomous phone answering, customer scheduling, and sales follow-up.

  • SuperMe completes a $20 million funding round

    • Led by Forerunner and participated in by Greylock Partners. The platform builds an AI expert network by integrating real-world expert knowledge graphs from various industries, supports the latest Model Context Protocol (MCP) standard, and provides precise, composite solutions through a virtual group chat composed of multiple "AI experts" when users ask questions.

  • Azoma completes $11.2 million Series A funding

    • As a standout graduate of Techstars, this funding round will be fully dedicated to expanding its vertical platform. The company focuses on helping consumer brands undergo digital transformation to seamlessly integrate and adapt to the growing prevalence of consumer-facing AI shopping agents.

AI x Crypto sector
  • Hyperbolic completes $30 million Series A-1 funding

    • This round of funding was led by Walden Catalyst. The company combines decentralized computing power (DePIN) with large model services to build an open GPU trading market and software platform spanning multiple layers of AI cloud, and is planning to launch financial instruments that help AI companies hedge and resell idle computing power.

  • Navra completes $19 million Series A funding

    • This round of oversubscribed funding was led by Ribbit Capital, with participation from prominent crypto venture firms including Baseline, DCM, Jump Crypto, and Figure. Founded by SoFi co-founder Mike Cagney, the platform leverages “agentic AI” to help retail and institutional investors manage their entire crypto portfolio on a single interface, supporting keyless self-custody without mnemonic phrases.

Crypto and Web3 Native Infrastructure
  • Whop completes a new $20 million funding round

    • Following this funding round, its latest valuation has surged to $5.1 billion. The platform provides global developers and digital content creators with a comprehensive internet distribution network, community management tools, and Web3 payment channels as infrastructure for Web3 digital goods, creator software, and applications.

  • Mural completes $15 million Series A funding

    • This round of funding will be fully invested in building payment infrastructure for digital assets. The company aims to create a more seamless, low-latency global B2B cryptocurrency and fiat on-ramp and cross-border liquidity network, enabling traditional businesses to securely and compliantly integrate on-chain assets into their daily operations.


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