Technology Sector

AI video startup Higgsfield raised $400 million in a Series B funding round led by DST Global, valuing the company at $5.4 billion. The round included participation from Growth Equity at Goldman Sachs Alternatives, Tribe Capital, and Intel Capital, among others. The financing quadruples the company's valuation from its $1.3 billion Series A round in January. Higgsfield reported that its annualized revenue reached $700 million, up from $20 million a year earlier. Enterprise customers now generate the majority of the company's sales, shifting its business model away from consumer entertainment filters. The fresh capital will fund global sales, management operations, security infrastructure, and compute capacity reservations.

Anthropic reached a $65 billion annualized revenue run rate at the end of July, up from $47 billion in May and $9 billion at the close of 2025. The AI model maker reported preliminary second-quarter revenue exceeding $11.5 billion, marking a sharp rise from $787 million in the same period of 2025, alongside positive adjusted operating income. Driven by enterprise adoption of coding tools and agentic software, the commercial acceleration bolsters preparations for a public debut as soon as this fall. Rival OpenAI recently reported an annualized run rate of $40 billion. Anthropic was previously valued at $965 billion following a $65 billion funding round in May, and prospective listings discussions target a public valuation of $2 trillion or more.

WhiteFiber agreed to acquire two industrial properties in Yadkin County, North Carolina, from Unifi Manufacturing for $60 million in cash. The AI infrastructure provider plans to retrofit the 120-acre site into data center campuses known as NC-2 and NC-3, targeting an initial ready-for-service capacity of 60 megawatts by the third quarter of 2027. The transaction is expected to close in the fourth quarter of 2026. The new sites sit approximately 55 miles from WhiteFiber's existing NC-1 campus in Madison, North Carolina, allowing the company to leverage regional operating experience and established contractor relationships. Unifi stated that the asset sale will allow it to retire a substantial amount of debt and improve its financial flexibility without impacting ongoing production. Meanwhile, WhiteFiber reported $60.4 million in cash and restricted cash as of June 30 and subsequently expanded a credit facility with Royal Bank of Canada to approximately $82.8 million. The company is funding the purchase through cash while maintaining advanced discussions with prospective customers backed by non-binding letters of intent.