Industry
Arcee AI, which develops open-weight models in the US, raised a Series B at a 1B pre-money valuation; a source says Arcee raised at least 150M (Allie Garfinkle/Fortune)
Allie Garfinkle / Fortune: Arcee AI, which develops open-weight models in the US, raised a Series B at a 1B pre-money valuation; a source says Arcee raised at least 150M — In 2025, Mark McQuade took a
Allie Garfinkle / Fortune: Arcee AI, which develops open-weight models in the US, raised a Series B at a 1B pre-money valuation; a source says Arcee raised at least 150M — In 2025, Mark McQuade took a gamble wholly specific to the AI era. — Arcee AI, the startup he founded in 2023, was focusing on post-training …
Related
- Together AI, which offers access to open-source models, raised 800M led by Saudi Aramco's Prosperity7 at an 8.3B valuation, taking its total funding to $1.3B (Niko Gallogly/New York Times)
- London-based Geordie AI, which builds a security and governance platform for AI agents, raised a 30M Series A led by Balderton at an estimated 180M valuation (Jeremy Kahn/Fortune)
- OpenRouter raised 113M led by CapitalG, a source says at a 1.3B valuation, and now processes 25T tokens across 400+ models weekly, up from 5T six months ago (Michael J. de la Merced/New York Times)
Source: Techmeme | 2026-09-16