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128 edition · thu, aug 27

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§ Circulating now

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Prevalent AI $22M: data fabric for agentic AI as 40% of agent projects face cancellation
Prevalent AI, a nine-year-old enterprise data-fabric company, raised $22 million in growth funding from Integrity Growth Partners, marking its first institutional capital raise since founding. The company has grown profitably on customer demand alone until now, and will use the funding to expand sales, marketing, customer success, and extend its knowledge-graph technology beyond cybersecurity into wider risk and enterprise applications. Prevalent serves Fortune 500 banks, telecoms, and insurers, with ARR more than doubling over the past year.
2 sources Funding · 5 days ago
Castelion hits $13B on $1B Series C for hypersonic missile production
Castelion, a defense-tech startup building low-cost hypersonic missiles, closed a $1 billion Series C on August 19, 2026, comprising $800 million in equity and a $250 million revolving credit facility. The round was co-led by JPMorgan Chase's Strategic Investment Group, Andreessen Horowitz, and Carlyle, and values the four-year-old company at $13 billion.
4 sources Funding · 5 days ago
Anthropic Eyes October IPO at $2T Valuation; Q2 Hits Operating Profit
Half a dozen Anthropic backers are targeting an October 2026 IPO at a $2 trillion-plus valuation, which would make it the largest initial public offering in history, surpassing SpaceX's June 2026 listing at $1.77 trillion. Investors project Anthropic's annualized revenue will land between $100 billion and $120 billion before year-end 2026—representing more than tenfold growth from the $47 billion annualized revenue reported in May. The company's S-1 was filed confidentially with the SEC in June 2026.
4 sources Funding · 5 days ago
Broadcom in talks for $60B+ SPV debt deal for AI chip financing to Anthropic, others
Broadcom is in talks with lenders including Blackstone and Apollo Global Management to raise more than $60 billion in debt through a special-purpose vehicle (SPV) for an AI chip financing deal benefiting Anthropic and other AI companies. The total financing could reach as much as $100 billion when combined with a roughly $30 billion junior debt tranche, with Broadcom guaranteeing part of the senior-secured portion estimated between $60 billion and $70 billion.
3 sources Funding · 5 days ago
Wispr Flow raises $280M at $2B; Canto speech model drops error rates to 5-10% in noise
Wispr Flow, the voice-to-text dictation platform, raised $280 million in Series B funding at a $2 billion valuation, led by Menlo Ventures. The round includes existing investors Notable Capital, NEA, Neo Ventures, 8VC, and MVP Ventures, as well as new backers Acrew, Forerunner, Goodwater, Peak XV, Together Fund, and PLUS Capital. Notable athletes including Joe Burrow, Shaun White, Klay Thompson, DK Metcalf, and others also participated. Total capital raised to date is $361 million.
4 sources Funding · 5 days ago
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