POPA ReconBiggest Recent Fundraising Rounds in AI & Tech
Biggest Recent Fundraising Rounds in AI & Tech Twenty rounds worth about $26.8B, led by Databricks and Safe Superintelligence at $5B each. But the pattern isn't in the top of the list - it's in what fills the middle. Six of the twenty raised for energy: Base Power and Form Energy on storage, Valar Atomics and Antares on microreactors, CFS on fusion, Antora on thermal batteries. Add Etched and Lumilens on inference chips and optical interconnects, plus Volta financing GPU access, and roughly $6.6B went into the physical layer underneath AI rather than into models. Nobody is funding a chatbot.…
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