NORM RAISES $120M AT $1.2B VALUATION

Gimlet Labs, a platform that distributes AI workloads across multiple chip types, secured $300 million in Series B funding led by a16z. The raise values the company at $3 billion, just six months after closing an $80 million Series A.

Resect AI, a Seattle-based startup developing open-source tools to detect AI hallucinations before they occur, has emerged from stealth with $25 million in funding from private equity investors.

Data center developer Crusoe Energy has raised $3 billion in funding at a $30 billion valuation. The funding round follows a reported $13 billion contract with trading firm Jane Street.

New research reveals that startup Annual Recurring Revenue has become increasingly unstable as artificial intelligence reshapes enterprise purchasing decisions. Startups are struggling to adapt their business models to the shifting landscape.