Mercury Raises $200M Series D Led By TCV At $5.2B Valuation With Major Investors

Mercury raised a $200M Series D at a $5.2B valuation, led by TCV with participation from Sequoia Capital, Andreessen Horowitz, Coatue Management, CRV, Sapphire Ventures, and Spark Capital. The company said it is profitable and has been for four years, with $650M in annualized revenue in Q3 last year, and noted accelerating demand as applications rose 2.5x in Q1 2026 versus Q1 2025. Mercury framed the raise as fueling expansion of its business banking platform and new AI-driven tools, including “Mercury Command,” which aims to let users execute end-to-end financial tasks through natural language instead of manual workflows. The company positioned the round as a bet on a wave of new business formation driven by AI, as it scales beyond traditional banking tools into an operating system for startups. FOUNDERS: Immad Akhund, Max Tagher & Jason Zhang INVESTORS: TCV, Sequoia Capital, Andreessen Horowitz, Coatue Management, CRV, Sapphire Ventures & Spark Capital ROUND: Series D AMOUNT: $200,000,000 VALUATION: $5,200,000,000 HQ: San Francisco, California #VentureCapital #Mercury #ImmadAkhund #MaxTagher #JasonZhang #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