xAI Secures $15 Billion in Upcoming Funding Round, Boosting Valuation to $230 Billion

Recently Closed Funding Rounds

1. xAI
   • Amount Raised: $15 billion
   • Funding Type: Upcoming round expected to close in December
   • Valuation: $230 billion pre-money
   • Details: Elon Musk's AI startup is nearing a monumental funding round.
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2. Lambda
   • Amount Raised: $1.5 billion
   • Funding Type: Series E
   • Sector: AI cloud infrastructure
   • Details: Led by TWG Global; total funding raised to date is $3.2 billion.
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3. Kalshi
   • Amount Raised: $1 billion
   • Funding Type: New Round
   • Sector: Predictions market
   • Details: Led by Sequoia Capital and CapitalG, reaching an $11 billion valuation.
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4. Luma AI
   • Amount Raised: $900 million
   • Funding Type: Series C
   • Sector: Multimedia AI
   • Details: Led by Humain with significant participation from AMD.
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5. Kraken
   • Amount Raised: $800 million
   • Funding Type: New Investment (across two tranches)
   • Sector: Cryptocurrency
   • Details: Led by multiple investors including Jane Street Capital and Citadel Securities.
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6. Physical Intelligence
   • Amount Raised: $600 million
   • Funding Type: New Round
   • Sector: Robotics AI
   • Details: Led by CapitalG, with a reported valuation of $5.6 billion.
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7. Ramp
   • Amount Raised: $300 million
   • Funding Type: Fresh Funding
   • Sector: Fintech
   • Details: Led by Lightspeed Venture Partners, bringing total raised since 2019 to $2.3 billion.
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8. Function Health
   • Amount Raised: $298 million
   • Funding Type: Series B
   • Sector: Longevity
   • Details: Led by Redpoint, setting a $2.5 billion valuation.
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9. Genspark
   • Amount Raised: $275 million
   • Funding Type: Series B
   • Sector: Agentic AI
   • Details: Achieved a valuation of $1.25 billion.
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10. Suno
    • Amount Raised: $250 million
    • Funding Type: Series C
    • Sector: AI music creation
    • Details: Led by Menlo Ventures at a valuation of $2.45 billion.
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Startups Currently Raising Funds

• AI One
  • Amount Targeted: $11 million
  • Sector: Enterprise Context Management
  • Details: Aims to help AI agents understand complex business environments.
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• Metropolis
  • Amount Targeted: $500 million
  • Sector: AI Infrastructure
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• Decagon
  • Amount Targeted: $131 million
  • Sector: AI Solutions
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Summary

The AI funding landscape remains robust, with significant investments flowing into various sectors, particularly in cloud infrastructure, fintech, and robotics. The total funding raised in November 2025 has surpassed $3.5 billion, indicating strong investor confidence in AI innovations.

For ongoing updates, check resources like AI Funding Tracker and Crunchbase.