funding

The funds will be used to expand Oracle Cloud Infrastructure capacity for customers including AMD, Meta, NVIDIA, and OpenAI.

The round, led by SoftBank and Khosla Ventures, values the startup at about $300 million as demand rises in the US, Europe and India.

The funding values the data software company at $134 billion, up sharply from three months ago.

Despite the momentum propelled by robust exit markets and sustained focus on artificial intelligence, the domestic market has seen slower growth.

The open-source AI framework maker raised $125 million at a $1.25 billion valuation.