Katie Roof

Databricks is in talks to raise new funding at a valuation between $165 billion and $175 billion, up from its $134 billion valuation in a late 2025 round. The database management software company could launch the funding round within the next month. The 13-year-old company continues to remain private, raising successive rounds of capital rather than pursuing a public listing.

Revolut, the London-based financial app, is launching a secondary share sale targeting at least $750 million, with potential to reach $2 billion based on early investor demand. The offering values the company at $109 billion, or $115 billion accounting for stock option dilution. The sale, set to begin next week, will depend on how many employees and early shareholders choose to sell their stakes at the proposed valuation.

Baseten, an AI inference provider that rents Nvidia servers to developers for training and running open-source models, is in talks to raise $1 billion at an $11 billion valuation. The round would more than double the company's $5 billion valuation from just three months prior, driven by strong revenue growth in the competitive AI infrastructure market.

Three AI companies, SpaceX, OpenAI, and Anthropic, are preparing trillion-dollar IPOs nearly simultaneously. OpenAI announced plans to file its IPO prospectus within weeks, just as SpaceX prepared to drop its S-1 filing. SpaceX is expected to debut first in the second week of June, raising questions about market capacity for multiple mega-cap offerings in rapid succession.

Anthropic is in advanced talks to acquire Stainless, a four-year-old developer tools startup, for at least $300 million. Stainless builds software that helps developers, non-technical users, and AI agents access AI models more quickly, serving customers including Anthropic, OpenAI, and Google. The deal reflects growing demand for tooling that bridges AI models and practical applications, particularly as AI agents become a more common way to automate tasks.

Anthropic has attracted investment interest at a valuation exceeding $900 billion, more than doubling its February valuation of $380 billion. The company has not yet formally launched a fundraise, according to sources familiar with the matter. The valuation reflects continued investor appetite for frontier AI capabilities and positions Anthropic among the most valuable private AI companies globally.

Accel Partners has closed a $5 billion fund dedicated to late-stage investments, positioning itself to deploy capital into AI startups and deepen positions in existing portfolio companies. The firm cited AI's ability to compress the timeline from concept to scale as a key driver for the new fund. The capital infusion reflects broader venture appetite for backing companies through growth stages as the AI market matures beyond seed and Series A rounds.