Kalshi Secures $1 Billion Funding Round Led By Coatue Management To Reach $22 Billion Valuation

Kalshi, the predictions market platform, has raised over $1 billion in its latest funding round, doubling its valuation to $22 billion from $11 billion in December 2025, according to sources. Led by Coatue Management, the financing highlights strong investor interest in the growing prediction market despite increased regulatory scrutiny, including recent criminal charges in Arizona alleging illegal gambling—a claim Kalshi is fighting in federal court. The company’s annual run rate currently sits at $1.5 billion, and it declined to comment publicly on the fundraising. FOUNDERS: Tarek Mansour & Luana Lopes Lara INVESTORS: Paradigm, Sequoia Capital, Andreessen Horowitz (a16z), Y Combinator, Soma Capital, Coinbase Ventures, General Catalyst, Spark Capital, CapitalG, Meritech Capital, IVP, ARK Invest, Anthos Capital, Bond Capital, SV Angel, Neo, Multicoin Capital, Mantis VC, Henry Kravis, Charles “Chuck” Schwab, Peng Zhao, and others AMOUNT: $1,000,000,000+ VALUATION: $22,000,000,000 HQ: New York City, New York #VentureCapital #Kalshi #TarekMansour #LuanaLopesLara #TradedVC

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Anduril Industries In Funding Round Discussions With Investors For $100 Billion ValuationAnduril Industries, the defense technology company founded by Palmer Luckey, is in discussions with investors for a new funding round that could value the company at approximately $100 billion. While the financing plans remain under discussion and Anduril says no decisions have been made, the potential valuation would place the company among the most valuable defense firms in the world, approaching the scale of established contractors such as Lockheed Martin. The talks follow strong growth for Anduril, which reported $2.2 billion in 2025 revenue, recently completed a $5 billion funding round at a $61 billion valuation, and has continued expanding its portfolio of drones, software, and military systems. FOUNDER: Palmer Luckey VALUATION: $100,000,000,000 HQ: Costa Mesa, California #VentureCapital #AndurilIndustries #PalmerLuckey #TradedVC

Oracle Secures $6.9 Billion Defense Contract With The Department Of WarOracle secured a major new U.S. defense contract, with the Department of War awarding the company an Enterprise Software Agreement valued at approximately $6.9 billion over as many as 10 years. The deal consolidates on-premises Oracle software licenses across the Pentagon, Coast Guard, and Intelligence Community into a single purchasing vehicle, replacing fragmented agency-by-agency procurement and aiming to reduce administrative overhead and licensing costs. The agreement further strengthens Oracle’s growing defense business, following several recent military cloud and AI-related contract wins, and reflects the Pentagon’s broader strategy of using enterprise-wide agreements to achieve greater efficiency and purchasing power. FOUNDER: Larry Ellison VALUATION: $6,900,000,000 HQ: Austin, Texas #VentureCapital #Oracle #LarryEllison #TradedVC

Stripe In Talks To Acquire AI Startup OpenRouter For $10 BillionStripe is reportedly in advanced talks to acquire AI startup OpenRouter in a deal that could value the company at around $10 billion. The potential purchase would mark a significant increase from OpenRouter’s $1.3 billion valuation established during its $113 million Series B funding round in May, which was led by CapitalG, Alphabet’s growth investment arm. Founded in 2023 by Alex Atallah, who also co-founded OpenSea, OpenRouter operates a marketplace that gives developers access to more than 300 AI models through a unified API and has become a key player in the AI infrastructure ecosystem. The acquisition would deepen the relationship between the two companies, which already collaborate through Stripe’s payments and developer tools, while signaling Stripe’s ambitions to expand beyond payments into AI infrastructure. VALUATION: $10,000,000,000 HQ: South San Francisco, California #VentureCapital #Stripe #OpenRouter #TradedVC