Thrive Capital
Thrive Capital is an investment firm that builds and invests in internet, software, and technology-enabled companies.
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Founders Fund has added approximately $624 million in investment to Anduril, positioning itself in the AI military market.
According to The Information, Peter Thiel’s venture capital firm Founders Fund is investing approximately $624 million in Anduril’s latest funding round—making it one of the largest investors in this round. Anduril’s current round is reportedly raising around $4 billion, with an estimated valuation of $60 billion; Andreessen Horowitz (a16z) and Thrive Capital are leading the round. Anduril is a U.S.-based AI defense startup. Its founder, Palmer Luckey, previously co-founded Erebor—a digital bank tailored for cryptocurrency and tech startups—with Peter Thiel.
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Erebor
AI Financial Platform Rogo Closes $160M Series D Led by Kleiner Perkins
Odaily AI financial workflow platform Rogo announced the completion of a $160 million Series D funding round, led by Kleiner Perkins, with participation from Sequoia Capital, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, and others. Rogo stated that its AI system has been deployed at several of the world's top investment banks, asset management firms, and private equity institutions to enhance efficiency in investment research, modeling, and client communication. The proceeds will be used to deepen system integration, expand on-site engineering and investment banking teams, and accelerate expansion into European and Asian markets. The company emphasized that AI is driving the 'democratization and efficiency restructuring' of high-end financial services capabilities.
AI-powered programming startup Cursor seeks at least $2 billion in funding, with a valuation of $50 billion
According to TechCrunch, AI-powered coding startup Cursor is nearing completion of a new funding round of at least $2 billion, with a post-money valuation of approximately $50 billion—nearly doubling its $29.3 billion valuation from six months ago. The round is co-led by existing investors Thrive Capital and Andreessen Horowitz, with Battery Ventures and strategic investor NVIDIA also expected to participate. The round has already been oversubscribed, though final terms have not yet been finalized. On the performance front, Cursor projects its annualized revenue to exceed $6 billion by the end of 2026—representing at least a threefold increase over the $2 billion annualized revenue it disclosed in February this year. Regarding profitability, the company achieved a slight positive gross margin overall after launching its in-house Composer model in November last year and incorporating lower-cost third-party models (e.g., Kimi from China). Its enterprise business has already reached gross-margin profitability, while its individual developer accounts remain unprofitable.
Cursor
NVIDIA