Private Equity 24-Hour Briefing

Last updated: May 16, 2026, 5:30 PM ET

AI-Fueled Fundraising

Nectar Social raised $30M techcrunch.com in a Series A led by Menlo Ventures and its Anthology Fund, which was created alongside Anthropic, marking another win for AI-powered marketing platforms. The deal comes as Cerebras Systems became 2026's biggest tech IPO techcrunch.com after burning through hundreds of millions at $8M monthly to develop a chip many dismissed as impossible, illustrating the massive capital appetite for AI infrastructure despite the steep burn rates that nearly killed the company before its public debut.