Anthropic sets $70–$78 IPO range, Huang exits Nvidia, Uforce and Mercor raise big rounds

Thu, 12 Nov 2026 12:00:00 GMT

Anthropic's amended S-1 set a $70–$78 range for 825 million shares. A separate $26 billion placement from chip and cloud suppliers comes alongside it, and at the top of the range the fully diluted value is about $1.4 trillion. In the same week, Nvidia's board accepted Jensen Huang's resignation after reports tied him to a suspected foreign intelligence effort. Sequoia is closing its London office and is reportedly preparing a large check for AI holding company Sequence. Private round valuations kept rising: Uforce raised $700 million at $6 billion, Mercor $750 million at $20 billion, Nominal $240 million at $3 billion and Imprint $130 million at $1.88 billion. In the Philippines, Series A money nearly disappeared even as GCash parent Mynt completed a record listing. Meanwhile, founders and funds are adjusting to AI-driven screening.

Dragonfly's Haseeb Qureshi says founders now send VCs a company.md file for AI screening agents — Some founders now send VCs a company.md, a markdown summary meant for AI screening agents, alongside the pitch deck, Dragonfly's Haseeb Qureshi wrote. A This Week in Startups panel weighed the practice, which echoes the llms.txt convention and has no published schema.
Anthropic sets $70–$78 IPO range as Nvidia board investigates Jensen Huang and Sequoia closes London office — Anthropic set its IPO range at $70–$78 a share. Depending on share count, that values it at about $1.02 trillion to $1.4 trillion. The same week, Nvidia's board opened an inquiry into Jensen Huang, the Nasdaq 100 lost about $2.5 trillion and Sequoia cut back.
Sequoia to Invest Hundreds of Millions in Sequence Holdings, the AI Holding Company Taking Baldwin Group Private — Sequoia Capital is reportedly investing hundreds of millions of dollars in Sequence Holdings, a year-old AI holding company that buys service businesses to keep and rebuild around AI, and is taking insurance broker Baldwin Group private with Michael Dell's family office.
Anorak, founded by former Hutch executives, raises $5M pre-seed from Play Ventures, Backed VC, Supercell and MTG for interactive generative video games — London–Chengdu startup Anorak, started by former executives of racing-game studio Hutch, raised a $5M pre-seed round to build interactive generative video: AI-generated video that responds to players in real time, aimed at games for niche hobby communities.
Colombian Rent-Payments Startup Palomma Raises $10M Series A Led by Cometa, Bringing Total Funding to $14M — Palomma is a Medellín startup led by a former Nubank Colombia executive. It has raised a $10M Series A led by Mexico's Cometa, bringing total funding to $14M. It plans to use the rent payments it already processes to offer advances, default coverage and tenant credit.
Theranos whistleblower Tyler Shultz warns that AI investors are repeating Theranos-era diligence failures — Tyler Shultz helped expose Theranos. He says the AI funding boom has the same weak points: shallow investor checks, products that are easy to fake and NDAs that discourage employees from speaking up. In a new podcast, he details how Theranos suppressed internal dissent.
Jensen Huang Resigns as Nvidia CEO Amid Megaspeed Spy Scandal as Anthropic Launches IPO Roadshow — Nvidia's board accepted Jensen Huang's resignation after he admitted infidelity amid reports linking him to Megaspeed executive Alice Huang, a suspected Chinese spy. The same week, Anthropic began marketing an IPO implying a valuation of up to about $1.4 trillion.
WeRoad acquires Swiss group-travel startup TravelTribe in first deal of €70M M&A plan — WeRoad, the Airbnb-backed group-travel company, has bought Zurich-based TravelTribe, a sports-focused community of about 1,600 members, for an undisclosed price. It is the first deal in a plan to add €70 million of revenue through acquisitions over three years.
Philippine Series A funding falls 98% in 2026 as Series B jumps 795%, while GCash parent Mynt completes record ₱60.9B IPO — Philippine startup capital is pooling in revenue-stage Series B rounds while Series A value has nearly vanished, according to Tracxn and Gobi Partners data. GCash parent Mynt's record ₱60.9B listing shows public markets can absorb large exits but does little for early-stage founders.
METR estimates Anthropic's AI progress has roughly doubled in pace, and AI 2027 authors move superhuman-researcher forecasts into 2027 — After 11 weeks embedded at Anthropic, METR estimates the company's internal benchmark gains are arriving about twice as fast as before and attributes most of the speed-up to Claude helping build Claude. Days later, the AI 2027 forecasters moved their timelines into 2027.
Uforce raises $700M Series A at $6B valuation, co-led by Valor Equity Partners and UK National Wealth Fund — Uforce, a drone maker founded in Ukraine and headquartered in London, raised a $700 million Series A at a $6 billion post-money valuation. Valor Equity Partners and the UK's National Wealth Fund co-led the round, which will scale production of uncrewed systems and command software.
Anthropic sets $70–$78 IPO range and adds a $26B placement from chip and cloud suppliers, for a combined raise of up to $88.5B — Anthropic's amended S-1 offers 825M Class A shares at $70–$78 on Nasdaq under the ticker ANT. A $26B non-voting placement from compute suppliers, including Google, Nvidia, AMD and TSMC, brings the combined raise to as much as $88.5B.
Mercor raises $750M Series D at a $20B valuation and pitches evals to enterprises — Mercor's $750M Series D, which includes an employee tender, values the AI training-data company at $20B. That is double the price it set in October 2025. Brendan Foody says Mercor sells reinforcement-learning environments and is now bringing evals and post-training to enterprises.
Nominal raises $240M Series C at $3B valuation, triple its March 2026 valuation — Austin-based Nominal, which builds software for engineers testing complex hardware like aircraft, raised a $240M Series C led by Lightspeed at a $3B valuation. That is triple its March 2026 valuation, and the company is now selling an AI agent that analyzes test data to defense customers.
Imprint Raises $130 Million at $1.88 Billion Valuation as It Adds Big Retail Card Programs and Targets AI Shopping Agents — Co-branded card company Imprint raised $130 million at a $1.88 billion valuation and projects about $400 million in 2026 revenue, up 150%. It added Shell, Kroger, Albertsons and Fanatics programs and launched an MCP server for AI-agent shopping.

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Anthropic sets $70–$78 IPO range, Huang exits Nvidia, Uforce and Mercor raise big rounds