AI companies announced about $16.6 billion in new equity across six rounds above $2 million on November 11 and 12, 2026. OpenAI’s reported $15 billion raise made up most of that sum.
Three AI-focused venture funds also closed a combined $4.1 billion. Every item below was announced or reported in the last 24 hours and checked against at least one credible outlet. Earlier rounds from this week sit in our running AI startup funding news tracker.
AI funding news today at a glance
The table lists each startup round by amount raised, largest first. Amounts are in US dollars unless noted.
| Company | Region | Round | Amount | Valuation | Lead investors | HQ |
|---|---|---|---|---|---|---|
| OpenAI | North America | Late-stage (reported) | $15B | $1.25T | UAE investors, Coatue (reported) | United States |
| Fractile | Europe/UK | Series C | $720M | ~$7B (reported) | Thrive, Founders Fund, Lightspeed, Redpoint | United Kingdom |
| UFORCE | Europe/UK | Series A | $700M (~€630M) | $6B | Valor Equity Partners, UK National Wealth Fund | United Kingdom |
| Rox | North America | Series B | $100M | $1.3B | General Catalyst, March Capital | United States |
| Orakl Oncology | Europe | Series A | $34M | Not disclosed | Norrsken VC, Singular | France |
| Nebuly | Europe | Series A | $21M | Not disclosed | Planven | Italy |
OpenAI’s round is about 20 times the size of the next five combined. The chart uses a log scale so the smaller rounds stay readable.
Growth and early-stage AI funding rounds
OpenAI raises $15 billion at a $1.25 trillion valuation North America
OpenAI is the San Francisco developer of ChatGPT and the GPT model family. It has raised $15 billion at a $1.25 trillion valuation, sources told CNBC’s David Faber on November 12.
The total includes the roughly $11 billion first close that Bloomberg and Reuters reported on November 6. OpenAI first sought up to $30 billion at a $1.4 trillion valuation before scaling back.
Earlier CNBC reporting named UAE investors and Coatue as leads. OpenAI has not announced the round. Source: CNBC.
Fractile closes $720 million Series C for AI inference chips Europe/UK
Fractile designs AI inference chips that stack DRAM directly on top of logic. The company is based in London and Bristol and plans to ship its first commercial chip in 2027.
Thrive Capital, Founders Fund, Lightspeed and Redpoint led the $720 million round, announced November 11. CapitalG, BlackRock, DST Global, Balderton, the UK Sovereign AI Fund and the British Business Bank also took part.
The Financial Times and Reuters put the valuation at $7 billion. The UK government described the round as more than £500 million at a valuation above £5 billion.
Fractile raised a $220 million Series B in May. Sources: TechCrunch, Tech.eu, Tech Funding News.
UFORCE raises $700 million Series A at a $6 billion valuation Europe/UK
UFORCE builds unmanned aerial, maritime and land systems, along with the AI software that coordinates them. It makes the MAGURA sea drones. The company was founded in Ukraine and has its headquarters in London, with hubs in Kyiv and Washington.
Valor Equity Partners and the UK National Wealth Fund co-led the round. The wealth fund put in £113 million.
UFORCE raised $50 million at about a $1 billion valuation in March. Sources: PR Newswire, Tech.eu.
Rox raises $100 million Series B for enterprise sales agents North America
Rox builds autonomous AI agents that help enterprise sales teams find prospects, build pipeline, manage deals and grow accounts. The San Francisco company was founded in 2024.
General Catalyst and March Capital led the $100 million round at a $1.3 billion valuation. Prosperity7 Ventures, the Saudi Aramco fund, also took part.
Rox will spend the money on research, custom models and expansion into healthcare, industrial, financial services and energy. Sources: Tech Funding News, Jawlah.
Orakl Oncology raises $34 million to predict cancer drug results Europe
Orakl Oncology grows lab copies of patients’ tumours and tests drugs on them. It combines those results with medical records to train AI that predicts how a drug will perform in clinical trials.
Norrsken VC and Singular co-led the $34 million Series A, which takes total funding to $50 million.
The Paris company spun out of the Gustave Roussy cancer centre in 2023. It plans to expand into lung and gastric cancer. Source: The Next Web.
Nebuly raises $21 million to measure enterprise AI returns Europe
Nebuly helps large companies measure the financial return of their AI agents. Its customers include Oura, Iveco and Zeiss.
Planven led the $21 million Series A. The company was founded in Turin. Sources: The Next Web, Tech.eu.
AI venture funds and acquisitions
Three AI-focused funds closed capital in the window. No AI acquisition with a disclosed value above $2 million was announced.
| Fund manager | Region | Vehicle | Amount | Focus | HQ |
|---|---|---|---|---|---|
| Norwest | North America | Norwest 18 | $4B | Multi-stage, AI across consumer, healthcare and tech | United States |
| Stage 2 Capital | North America | Venture Fund IV and Catalyst IV | $100M | Pre-seed to Series A B2B AI | United States |
| Enza Capital | Africa | AI Africa Fund (first close) | $21M | Pre-seed to Series B African AI | Kenya |
Norwest closes a $4 billion fund with an AI focus North America
Norwest raised Norwest 18, a $4 billion fund and the largest in its history. Wells Fargo is the firm’s sole backer. The new fund lifts capital under management to $18 billion.
Senior managing partner Jeff Crowe told TechCrunch the firm will expand in physical AI, voice AI, agentic cybersecurity and aerospace. Source: TechCrunch.
Stage 2 Capital closes $100 million for B2B AI startups North America
The Boston firm closed $100 million across two vehicles. Venture Fund IV writes checks of $2 million to $5 million from seed through Series A.
Catalyst IV makes $200,000 pre-seed investments. Sources: PR Newswire, AltAssets.
Enza Capital reaches $21 million first close on its AI Africa Fund Africa
Nairobi-based Enza Capital hit a first close of about $21 million. That is 35% of a $60 million target, with an $80 million hard cap.
The fund backs AI-native and AI-enabled companies from pre-seed to Series B. Initial checks range from $250,000 to $3 million. Sources: Launch Base Africa, iAfrica.
AI funding by region
Europe and the UK led on deal count, with four of the six startup rounds. North America led on dollars because of OpenAI.
Searches across India, China and the rest of Asia-Pacific, the Middle East and Latin America found no AI rounds above $2 million announced in the last 24 hours. Gulf capital still showed up: Saudi Aramco’s Prosperity7 Ventures joined the Rox round. Africa’s only qualifying item was the Enza Capital fund close.
Trends in today’s AI deals
- Hardware drew the biggest checks outside OpenAI. Fractile and UFORCE raised $1.42 billion between them. Both are London-based, and both took UK state money through the Sovereign AI Fund, the British Business Bank or the National Wealth Fund.
- Investors kept funding the tools around AI agents. Rox sells agents to sales teams, while Nebuly measures what enterprise agents return. The pattern matches the agent-heavy rounds in our November 9 funding roundup.
- Fund managers are naming AI as the main thesis at every size. Norwest’s $4 billion is a record for the firm, while Enza’s first close shows how small dedicated AI pools in Africa remain.
FAQ
What was the largest AI funding round today?
OpenAI’s $15 billion raise at a $1.25 trillion valuation, reported by CNBC on November 12, 2026. OpenAI has not announced the round itself.
How much did AI startups raise on November 11 and 12, 2026?
About $16.6 billion across six rounds above $2 million. Without OpenAI, the other five rounds totaled roughly $1.58 billion.
Which AI chip startup raised money today?
Fractile, a London and Bristol chip designer, closed a $720 million Series C led by Thrive, Founders Fund, Lightspeed and Redpoint. Reports put its valuation at about $7 billion.
Which AI venture funds closed today?
Norwest closed a $4 billion fund, Stage 2 Capital closed $100 million for B2B AI, and Enza Capital reached a $21 million first close on its AI Africa Fund.
Were there AI funding deals in India or China today?
No AI rounds above $2 million from India, China, the Middle East or Latin America were announced in the last 24 hours, based on searches of regional outlets.
