Quantum startup Oratomic raised a $475M Series B at a $5.4B valuation, up from $1.5B after raising a $300M Series A in July, taking its total funding to $775M (Isabelle Bousquette/Wall Street Journal)

Universal Quantum Raises Record $100M Series A

Sources: AI neocloud Lambda is raising up to $4B led by Blackstone and Coatue at a pre-money valuation of $14.5B in a final round before its planned IPO (Robbie Whelan/Wall Street Journal)

Tensor Machines Raises $1.5M in Pre-Seed Funding