Project Prometheus — the industrial 'physical AI' startup led by Jeff Bezos and co-CEO Vik Bajaj — announced a ~$12B raise on 11 Jun 2026, lifting its valuation to ~$41B. This follows its $6.2B Nov 2025 launch round, making it one of the best-funded AI startups ever. Focus: AI applied to real-world manufacturing and engineering.
Project Prometheus — the industrial 'physical AI' startup led by Jeff Bezos and co-CEO Vik Bajaj — announced a ~$12B raise on 11 Jun 2026, lifting its valuation to ~$41B. This follows its $6.2B Nov 2025 launch round, making it one of the best-funded AI startups ever. Focus: AI applied to real-world manufacturing and engineering.
On June 2, 2026, Pacific Fusion unveiled a subscale pulser module prototype that delivered 440 gigawatts of peak power in an 80-nanosecond burst, meeting all requirements to scale to its full demonstration system. The technical milestone unlocked another tranche of the company's tranche-based Series A round, which exceeds $1 billion total. Construction on the demonstration fusion facility (156 full-size pulser modules) is expected to begin summer 2026.
Pacific Fusion unveiled its latest subscale pulser-module prototype on June 2, 2026, delivering 440 gigawatts of peak power in an 80-nanosecond burst — a third the size of the full module and meeting all scaling requirements. The result unlocked another (undisclosed) tranche of its >$1B tranche-based Series A. Construction on the demonstration inertial-confinement facility (156 full-size pulser modules) is set to begin this summer; the company aims to skip scientific breakeven and target facility breakeven.
Elon Musk's xAI closed a $20 billion Series E funding round with backers including Nvidia, Cisco and Fidelity, one of the largest private AI raises on record and a major capitalization step for its Grok/compute ambitions.
Co-founder and chief executive Misha Laskin confirmed on CNBC that Reflection AI's latest funding round had closed at a $25 billion pre-money valuation. That is roughly three times the approximately $8 billion valuation attached to its $2 billion Series B in October 2025. IMPORTANT: the amount raised in this round was NOT disclosed in the confirmation and is not asserted here — earlier trade reports of a roughly $2.5 billion target described talks, not a closed figure.