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AI Startup Daytona Reaches $1 Billion Valuation
AI startup Daytona reached a $1 billion valuation after raising $60 million in a Series B round led by FirstMark Growth.
Key points
- Flapping Airplanes raised $1 billion in a Series A round co-led by Index and Lux at a reported $6 billion valuation.
- The company was founded by Aidan Smith and brothers Asher and Ben Spector to train large AI models with less data.
- The startup previously raised a $180 million seed round from GV, Sequoia, and Index that valued the company at $1.5 billion.
Why it matters. The company is developing a megakernel framework to train large AI models without ingesting half the internet.
New York-based Daytona Platforms raised $60 million in a Series B round led by FirstMark Growth on Friday. The startup has now secured $91 million in total funding, including a $24 million Series A in February. Founder Ivan Burazin states the company is building a cloud for long-running agents that provides sandboxed access to GPUs and Linux, Windows, and macOS.
Latest updates
AI Startup Daytona Reaches $1 Billion Valuation
The funding round was led by FirstMark Growth and included investments from the founders of Stripe, Perplexity, and Datadog. Daytona provides a specialized cloud environment that assigns dedicated computing resources to individual AI agents. CEO Ivan Burazin stated the platform aims to optimize how agents operate in the cloud. The company intends to use the new capital to scale its infrastructure and agent-hosting capabilities.
AI Startup Flapping Airplanes Raises $1 Billion at $6 Billion Valuation
Flapping Airplanes announced a $1 billion Series A funding round on Wednesday, valuing the company at $6 billion. The round was co-led by venture firms Index and Lux. The startup aims to develop large AI models that require significantly less training data than current industry standards. This follows a seed round of $180 million raised just nine months prior.