Who raised, who led and what the money is for. Funding coverage from Fathom Tech.
Elon Musk's AI research firm xAI has completed its acquisition of the social media platform X through an all-stock deal valued at roughly $45 billion, combining the two companies' resources to deepen AI integration.
The Google DeepMind spinoff has closed its inaugural external funding round, bringing in capital from Thrive Capital and Google Ventures to advance artificial intelligence applications in pharmaceutical development.
After a 10-month wait and regulatory scrutiny, IBM has finalized its acquisition of HashiCorp, bringing the company's infrastructure and security tools into its broader hybrid cloud platform.
Funding activity cooled this week as only three startups closed nine-figure rounds, with Helion Energy's Series F topping the list at $425 million.