AI Startup Funding and IPO Wave Accelerates

Harvey AI raises $500M at $15.5B valuation with $350M ARR. HappyRobot $150M Series C at $1.2B. Nscale IPO on $51B backlog. AI Mega IPO wave $3.8T combined valuation from SpaceX, OpenAI, Anthropic. VC concentration remains high with record billion-dollar rounds. NAVER D2SF makes follow-on in NdotLight (~$11M) for physical AI data infra.