™All Companies & Capital
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OpenAI's Annualized Revenue Nears $50B, Below the Reported $70B; Nasdaq Falls 1.25%
Why it mattersOpenAI told investors its annualized revenue was "approaching $50 billion," $20 billion below the $70 billion reported late last month; the Nasdaq fell 1.25% that day, its worst day since mid-August.
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Sequoia Leads $60M Series B for Robot-Data Startup Mecka AI
Why it mattersThe $60 million round is led by Sequoia with Nvidia and Microsoft's M12 participating, at a previously reported ~$500 million valuation; Mecka pays people to record everyday tasks to train humanoid robots.
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Manus Parent Raises Over $500M, Operating Independently After Meta Deal Was Blocked
Why it mattersIt is Manus's first major raise since Meta's $2 billion-plus acquisition was unwound; per The Information, its annualized revenue is about $500 million, up from $100 million at the time of the deal.
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Nous Research Raises $90M Series B at $1.5B Valuation
Why it mattersNous Research is now valued at $1.5 billion with about $158 million raised in total; Hermes has been downloaded about 22.7 million times since February and has overtaken OpenClaw in usage on OpenRouter.
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Vesta Raises $30M for AI Mortgage Software, Revenue Up 12x
Why it mattersThe round's investors include three of Vesta's own customers, among them Pennymac and New American Funding; the company's revenue grew 12x year over year and it has raised $85 million to date.
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Nvidia-Backed Firmus Withdraws $31B IPO That Would Have Been Australia's Biggest in Nearly 30 Years
Why it mattersThe IPO valued the company at about A$44 billion and targeted nearly $5 billion; it would have been Australia's largest since Telstra in 1997.
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TSMC Q3 Revenue Rises 50% to Record $46.7 Billion
Why it mattersThird-quarter revenue reached NT$1.49 trillion, up 50% year on year and a record, above the NT$1.46 trillion estimate from 19 analysts; September revenue alone reportedly rose 54.6% year on year.
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GlobalFoundries Wins Five-Year TSMC Deal to Build Silicon Interposers in New York
Why it mattersUnder the five-year deal, the Malta facility is expected to become the first US-based source of silicon interposers for advanced packaging, with volume production ramping in the first half of 2028; the deal was reported to be worth $2 billion.
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Isomorphic Labs in Talks at a $40–50B Valuation; No Drug Yet in Human Trials
Why it mattersIsomorphic is in talks at a valuation of at least $40 billion and up to $50 billion, five months after a $2.1 billion Series B; none of its drugs has entered human trials.
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Broadcom Arranges $50B+ Financing for OpenAI Custom Chips; Oracle and SpaceX Also Seek Chip Debt
Why it mattersBroadcom is arranging more than $50 billion in financing for the custom chip it is developing with OpenAI; per the WSJ, cloud providers have already issued hundreds of billions in bonds, and buyers are turning to Wall Street for custom financing.
