Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 

Databricks closes Series I funding round

Databricks has raised an undisclosed amount in Series I funding.  Existing investors Amazon Web Services (AWS), CapitalG, and Microsoft participated in the investments.

Astera Labs raises $150M

Astera Labs has raised $150 million in a Series-D funding round. The investment was led by Fidelity.

ThoughtSpot raises $100M

Analytics cloud company ThoughtSpot has raised a $100 million Series F funding round.

DoorDash valued at $16 billion after new funding round — Axios

DoorDash has raised $400 million in new equity funding at a $16 billion post-money valuation, writes Dan Primack in an Axios exclusive. Here is the...