Valuation

Chinese AI startup DeepSeek is set to raise about $7.4 billion in its first funding round from investors including Tencent Holdings and CATL. The valuation is estimated to be between $52 billion and $59 billion.

Cyera, a data storage security company, is finalizing a $300 million funding round at a $12 billion valuation, despite operating losses and a high ARR multiple of 80x.

Beijing-based Vast, a 3D-modeling startup, raised ~$200M at a $1B+ valuation and claims to have 20M global users. Vast uses AI models to generate 3D assets from text and image prompts.

Anthropic has raised $65 billion in new funding, valuing the company at $900 billion, surpassing OpenAI's last valuation of $730 billion. The company's revenue run rate has also crossed $47 billion.

Cognition AI has raised over $1 billion in a new funding round at a valuation of $26 billion, according to Bloomberg. The company's revenue run rate has increased to $492 million from $37 million in May 2025.

OpenRouter, an AI gateway maker, has raised $113 million in Series B funding led by CapitalG, increasing its valuation to $1.3 billion post-money, up from $547 million a year ago.