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February 27, 2026 - Deals
Project Prometheus Raises $6.2 Billion Valuation Of $30 Billion To Acquire AI-Driven Industrial Businesses
Project Prometheus, the AI lab led by Jeff Bezos and former Google executive Vikram Bajaj, recently raised $6.2 billion at a valuation of about $30 billion and is now exploring raising tens of billions more to fund a new manufacturing transformation vehicle aimed at acquiring industrial businesses reshaped by AI. The company, which is in early talks with investors such as the Abu Dhabi Investment Authority and has discussed potential support with JPMorgan, focuses on optimizing complex physical manufacturing systems rather than building chatbots. According to the Financial Times, Bezos serves as co-CEO and the lab is building out a team of over 100 employees to target industries like jet engines and semiconductors.
FOUNDERS: Jeff Bezos & Vikram Bajaj
HQ: San Francisco, California
#VentureCapital #ProjectPrometheus #JeffBezos #VikramBajaj #TradedVC
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Archive Secures Strategic Funding Round Led By Anti Fund And Florida FundersArchive has closed a strategic funding round led by Anti Fund and Florida Funders, with backing from angels at OpenAI and Perplexity and more than 50 founders and executives, alongside existing investors including Battery Ventures, Stripe, Tiger Global, Lux Capital and Human Capital. Founded in 2021, Archive uses AI to power social listening and end-to-end creator marketing programs, now serving more than 1,000 brands including DoorDash, Pinterest and L’Oréal.
FOUNDER: Paul Benigeri
HQ: New York, New York
#VentureCapital #Archive #PaulBenigeri #TradedVC
Palo Alto Networks Acquires AI Startup Console For $500 MillionConsole, a San Francisco-based AI startup, has been acquired by Palo Alto Networks for a reported $500 million, just two years after its founding. The company had raised $29 million across two funding rounds and was valued at $157 million in its latest round. Palo Alto Networks CEO Nikesh Arora was among Console’s early investors, while Thrive Capital, led by Joshua Kushner, led both of the startup’s funding rounds. Palo Alto plans to integrate Console’s AI agent technology into its Cortex security platform.
ACQUISITION: $500,000,000
HQ: San Francisco, CA
#VentureCapital #Console #NikeshArora #TradedVC