Legal AI Startup Norm Crosses Unicorn Line With $120M Khosla-Led Round
Norm's Series C values the legal AI outfit at $1.2 billion, the latest sign that specialized, high-stakes verticals are where…
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Ray Termsheet
Follows the money in the data economy: venture rounds, M&A, and strategic stakes across data vendors and infrastructure.
Nscale Lines Up $900M Credit Facility for AI Buildout
The GPU cloud upstart adds nearly a billion dollars in revolving credit as it races to expand AI data center…
SAP Buys Dremio to Feed Its Agentic AI Ambitions
SAP adds Dremio's data lakehouse query layer to its stack, betting that agentic AI needs governed, queryable data more than…
Nomerra Bags $2M Seed to Untangle Private Markets’ Paper Trail
A tiny seed round bets that AI can finally clean up the PDFs, capital calls, and side letters clogging private…
Anthropic’s $19bn Kentucky Bet Turns TeraWulf Into an AI Landlord
A two-decade, $19 billion lease with Anthropic would be one of the largest data-center commitments on record — and it…
Mercor Crosses $2B Run-Rate as AI Labor Marketplace Booms
The human-data staffing startup has reportedly hit more than $2 billion in gross annualized revenue, per The Information — a…
Sherpa.ai Bags $18M to Push ‘Data-Sovereign’ AI Pitch
The Spanish privacy-tech firm lands fresh capital as enterprises grow warier about handing training data to opaque AI vendors.
CPP Investments Drops $1.75B on EQT-EdgeConneX AI Data Center Bet
Canada's biggest pension fund is putting real money behind the AI infrastructure land grab, committing $1.75 billion alongside EQT into…
Nexar, Nauto Merge to Build Independent Physical-AI Data Play
Two of the longest-running dashcam-data outfits are joining forces, betting that pooled fleets and years of driving footage add up…
IBM Closes Confluent Deal, Bets Streaming Data Powers Enterprise AI Agents
IBM has officially wrapped its acquisition of Confluent, folding the Kafka-streaming pioneer into Big Blue's push to make real-time data…