The pace of large-scale dealmaking picked up some this week, led by OpenAI's disclosure that it raised another $10 billion to add to its record-setting megaround announced last month. Other big financings went to startups and growth-stage companies in sectors including defense tech, enterprise AI, autonomy and even laundry. 1. OpenAI, $10B, foundational AI: OpenAI is raising $10 billion in additional funding for its record-setting megaround announced in late February, reportedly bringing the total fundraise to the San Francisco-based company to over $120 billion. Backers in this latest financing include Andreessen Horowitz, D.E. Shaw, MGX, TPG and T. Rowe Price. 2. Shield AI, $2B, defense tech: San Diego-based defense tech unicorn Shield AI said it secured $2 billion at a $12.7 billion valuation. The round consists of $1.5 billion in Series G funding led by Advent International and JPMorgan Chase along with $500 million in preferred equity financing backed by Blackstone. Part of the...
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