Three rounds led by tier-one investors closed at $500 million each. Nexthop AI raised $500 million in a Series B, co-led by Lightspeed Venture Partners and Andreessen Horowitz, at a $4.2 billion valuation. Mind Robotics, a Rivian spin-out building physical AI systems, closed a $500 million Series A co-led by Accel and Andreessen Horowitz, per TechCrunch. Quince, an e-commerce platform integrating AI into its supply chain, raised $500 million in a Series E led by Iconiq Capital at a $10.1 billion post-money valuation, confirmed by both TechCrunch and Reuters.
At the top: Nscale closed a $2 billion Series C from Aker, 8090 Industries, and, per CNBC, NVIDIA, reportedly valuing the GPU-cloud company at $14.6 billion. The NVIDIA participation is a detail the company’s own announcement did not lead with.
Advanced Machine Intelligence, co-founded by Yann LeCun, reportedly raised $1.03 billion in a seed round to develop what it describes as “world models”, AI systems designed to reason about and interact with the physical world, according to Crunchbase. No tier-two source has confirmed this raise independently.
Rounding out the week: Replit reportedly raised $400 million in a Series D at a $9 billion valuation; Eridu reportedly raised over $200 million in a Series A; Axiom Math AI reportedly raised $200 million in a Series A at a $1.6 billion valuation; Kai reportedly raised $125 million; and Oro Labs reportedly raised $100 million in a Series C co-led by Brighton Park Capital and Goldman Sachs Growth Equity, all per Crunchbase, without independent tier-two confirmation.
The pattern is harder to ignore than any single round: infrastructure compute (Nscale, Nexthop) and agentic AI (AMI, Mind Robotics) are attracting institutional capital at valuations that used to require years of revenue. Andreessen Horowitz appears in two of the three confirmed $500 million rounds. That’s not coincidence, it’s a declared thesis.