AI Data Center and Infra Mega-Raises
Key Questions
What major data center and infrastructure deals were announced?
SoftBank is building a €75B facility in France, while Google signed a $920M monthly compute deal with SpaceX. Baseten raised $1.5B at a $13B valuation.
What funding did Together AI and Etched receive?
Together AI closed an $800M Series C at an $8.3B valuation to expand open-source inference capacity 50x. Etched reached a $5B valuation after booking $1B in AI chip orders.
Which semiconductor deals involve Qualcomm?
Qualcomm agreed to acquire Modular for nearly $4B and is in talks with Tenstorrent for up to $10B. It also acquired SAM Seamless Network for over $150M.
What is the status of SPACs in data center exits?
SPACs are emerging as a key exit path with 110 pending deals. The rebound supports public market access for data center and infrastructure companies.
What acquisition did ON Semiconductor complete?
ON Semiconductor struck a $7B deal to acquire Synaptics, its largest acquisition ever. The move accelerates its push into physical AI.
Which smaller infrastructure raises occurred?
Engram raised $98M, Hydra Host closed $100M, AttoTude secured $52M, and Alcatraz raised $50M in Series B. Nearfield Instruments closed a $380M Series D.
What is OpenAI's chip development status?
OpenAI is developing its own custom chip, code-named Jalapeño, in partnership with Broadcom. This follows earlier exploration of a large Nvidia deal.
What data center JV was formed?
Cloud Capital announced a $6B data center joint venture. Digital Realty also plans to acquire Alexandria VC to strengthen its infrastructure portfolio.
SoftBank €75B France facility, Google $920M/month compute deal with SpaceX. Baseten $1.5B at $13B, Together AI $800M Series C at $8.3B (open-source inference, 50x capacity), Etched $5B valuation with $1B orders (specialized inference chips). Engram $98M, Hydra Host $100M, AttoTude $52M. SPACs emerging as exit path with 110 pending. Qualcomm-Modular $3.9B, Qualcomm-Tenstorrent talks up to $10B. ON Semi-Synaptics $7B. Digital Realty-Columbia Capital $775M. Nearfield Instruments $380M Series D (Netherlands). Alcatraz $50M. OpenAI's Jalapeño chip with Broadcom. SpaceX acquires Mesh Optical for space AI. New: Qualcomm acquires SAM Seamless Network for $150M+ to embed cybersecurity into chips. Cloud Capital $6B data center JV.