Late-Stage Funding Concentration and AI Valuation Resets

Kalshi reportedly closed a $1B Series G at a $40B valuation, with legal uncertainty around prediction markets and revenue claims still important watchpoints. Baseten is reportedly seeking about $2B across tranches at $26B and $30B valuations, a sharp increase from its reported $13B June valuation; the financing and terms remain unconfirmed. Wabi’s reported $55M raise at a $1.25B valuation adds a consumer-AI signal, though its round type and traction are unclear.