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April 1, 2025 - Deals
OpenAI Secures $40 Billion Funding Round Led By SoftBank Valuing Company At $300 Billion
OpenAI, led by CEO Sam Altman, has raised $40 billion in a funding round valuing the company at $300 billion post-money. The round, one of the largest in history, was led by SoftBank with participation from Microsoft, Coatue, Altimeter, and Thrive. OpenAI plans to use the funds to advance AI research, expand compute infrastructure, and develop its Stargate project, a network of AI data centers across the U.S.
INVESTORS: SoftBank, Microsoft, Coatue, Altimeter & Thrive
AMOUNT: $40,000,000,000
VALUATION: $300,000,000,000
HQ: #SanFrancisco #California
#VentureCapital #OpenAI #SoftBank #Microsoft #Coatue #Altimeter #Thrive #SamAltman #TradedVC
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Hugging Face Explores Sale Valuing Open-Source AI Platform At $13 BillionHugging Face is exploring a potential sale that could value the open-source AI platform at $13 billion or more, nearly tripling its $4.5 billion valuation from its $235 million Series D in 2023. Founded by Clément Delangue, Julien Chaumond and Thomas Wolf, the company has grown to 13 million users and more than 2 million public AI models, while CEO Delangue has previously favored independence and an eventual IPO over a sale.
FOUNDERS: Clément Delangue, Julien Chaumond & Thomas Wolf
VALUATION: $13,000,000,000,000+
HQ: New York, New York
#VentureCapital #HuggingFace #ClémentDelangue #TradedVC