7. Enterprise AI

Modal raised a US$750 million Series D at a US$15.75 billion post-money valuation and said it had crossed US$1 billion ARR.

Labelbox announced a Series E of more than US$100 million at a US$1.25 billion pre-money valuation.

Automation Anywhere agreed to acquire boost.ai from Nordic Capital, with close expected in Q4 2026 subject to approvals.

Harvey announced it had acquired Guardrails AI, with co-founders and team joining Harvey to deepen agent reliability and open-source tooling.

Cognition announced raising over US$2 billion at a US$48 billion valuation to scale Devin AI software engineers.

Mistral AI framed open-weight models as a sovereign European AI path in an 8 September 2026 company post.

NVIDIA announced an agreement to acquire Hugging Face for US$12.93 billion on 3 September 2026, saying the Hub will remain open across clouds and accelerators.

Thomson Reuters announced general availability of next-generation CoCounsel Legal, an agentic legal AI grounded in Westlaw and Practical Law.

Seismic completed its merger with Highspot under the Seismic name, citing 2,500 customers and 3.5 million users.

ASAPP appointed Katie Stein as chief executive officer to accelerate AI transformation of the enterprise contact centre.

Palantir reported Q2 2026 results on 3 August 2026, citing 93% year-on-year revenue growth and raising full-year guidance.

Anyscale and Nscale announced an acquisition agreement targeting close in the second half of 2026, subject to customary conditions.

S&P Global launched Adaptive Retrieval through the Kensho AI Data Portal for trusted data in AI and agentic workflows.

Zilliz announced Milvus 3.0 as a lake-native open-source vector database with production indexing over object storage.

Fireworks AI announced a US$1.505 billion Series D at a US$17.5 billion valuation and said it had passed US$1 billion ARR.