AI Deal Digest - 31 Announcements

AI Hosting Infrastructure

Reliance 🇮🇳 ($110B) - Reliance Industries, led by Mukesh Ambani, has announced a $110 billion investment plan to develop AI computing infrastructure in India over the next seven years. This initiative aims to create gigawatt-scale data centers and a nationwide edge computing network, enhancing... Read more Find careers

Humain 🇸🇦 ($3B) - Humain, a public investment fund-backed AI company, has announced a $3 billion strategic investment in XAI as part of its Series E financing round, just before XAI's acquisition by SpaceX in early February. Read more
Humain

AI Model Ecosystems

Databricks 🇺🇸 ($7B) - Databricks has achieved a revenue run rate of over $5.4 billion, with a year-over-year growth of more than 65% in the fourth quarter. The company is finalizing investments exceeding $7 billion, which includes around $5 billion in equity financing at... Read more Find careers

Incorta 🇪🇬 (Undisclosed) - Incorta, a Foster City, CA-based provider of real-time data platforms, has acquired Layout.dev, a Cairo, Egypt-based no-code AI application-building platform. The deal amount was not disclosed, but it aims to enhance Incorta's capabilities in agentic AI and low-code development, enabling... Read more Find careers

AI Research

World Labs 🇺🇸 ($1B) - Fei-Fei Li's AI start-up World Labs has raised $1 billion to enhance spatial intelligence, focusing on generative AI 'world models' for complex virtual interactions. The funding round included major investors like Nvidia, AMD, and Autodesk, with Autodesk contributing $200 million... Read more Find careers
Nvidia, AMD, Autodesk

Accounting

Onshore 🇺🇸 ($31M) - Onshore, a New York City-based provider of an AI-powered tax platform, raised $31 million in Series B funding led by FPV Ventures, with participation from Vertex Ventures, ADP Ventures, Y Combinator, and Restive Ventures. This funding round brings the total... Read more Find careers
FPV Ventures, Vertex Ventures, ADP Ventures, Y Combinator, Restive Ventures

Cybersecurity

Cogent Security 🇺🇸 ($42M) - Cogent Security, an AI-driven cybersecurity platform, has raised $42 million in Series A funding to enhance the development of autonomous AI agents that assist enterprises in quickly remediating vulnerabilities. The funding round was led by Bain Capital Ventures, with participation... Read more Find careers
Bain Capital Ventures, Greylock Partners, Definition

Data Analysis

Synvert 🇯🇵 (Undisclosed) - Hitachi, Ltd., a Tokyo-based provider of social infrastructure and digital systems, has acquired Synvert, a data and AI consulting services provider based in Münster, Germany. The acquisition, facilitated by Maxburg, a private equity fund, is expected to close in the... Read more Find careers
Maxburg

Energy

Heron Power 🇺🇸 ($140M) - Heron Power Inc. has raised $140 million to establish a 40-gigawatt manufacturing facility in the U.S. for its solid-state transformer solution, Heron Link, aimed at enhancing energy infrastructure and supporting AI data center projects. The company was founded in 2024... Read more Find careers

Elevenes 🌍 (Undisclosed) - Elevenes, a battery technology company based in Subotica, Serbia, has closed its first Series B funding round led by Caterpillar Venture Capital, Inc., with participation from BST (HK) Ltd. The funding will support the construction of a 1GWh mega-factory, set... Read more Find careers
Caterpillar Venture Capital, Inc., BST (HK) Ltd.

Evaluation & Observability

Selector 🇺🇸 ($32M) - Selector, an AI-powered observability and network intelligence platform, has raised $32 million in a funding round led by AVP, increasing its valuation to $375 million. The funding aims to enhance AI innovation, product development, global expansion, and customer success initiatives. Read more Find careers
AVP

Financial Services & Wealth Management

Vestwell 🇺🇸 ($385M) - Vestwell, an infrastructure platform for America's savings economy, has raised $385 million in Series E funding led by Blue Owl Capital and Sixth Street Growth. This funding doubles its valuation since the 2023 Series D and brings total capital raised... Read more Find careers
Blue Owl Capital, Sixth Street Growth

Stacks 🇬🇧 ($23M) - Stacks, a fintech company focused on enterprise finance, has raised $23 million in a Series A funding round led by Lightspeed Ventures, with participation from EQT Ventures, General Catalyst, and S16VC. The platform addresses the issue of fragmented data in... Read more Find careers
Lightspeed Ventures, EQT Ventures, General Catalyst, S16VC

General Enterprise Workflows

Plato 🇩🇪 ($14.5M) - Plato, an AI-driven operating system for wholesale distributors, has raised $14.5 million in a seed funding round led by Atomico, with participation from Cherry Ventures. The company addresses challenges in the distribution sector, such as labor shortages and rising digital... Read more
Atomico, Cherry Ventures

Health

Flinn 🇦🇹 ($20M) - Vienna-based Flinn, an AI-powered software provider, has secured $20 million in follow-on funding to automate regulatory and quality processes in medtech. The funding round was led by HV Capital, with participation from Bertelsmann Healthcare Investments and continued support from Cherry... Read more Find careers
HV Capital, Bertelsmann Healthcare Investments, Cherry Ventures, Speedinvest, SquareOne

Rainfall Health 🇺🇸 ($15M) - Rainfall Health, an AI-driven compliance and reimbursement platform for hospitals, has secured $15 million in a Series A funding round. This funding aims to support health systems affected by the upcoming episode accountability model set to launch on January 1,... Read more Find careers

Custom Surgical 🇩🇪 ($3.78M) - Custom Surgical has secured €3.5 million in a pre-series A funding round led by Ventech, with participation from Zeiss and other investors. The funding aims to modernize ophthalmology by digitizing eye care processes, enhancing sales and marketing in Europe and... Read more Find careers
Ventech, Zeiss