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2 articles summarized · Last updated: LATEST

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

AI-Fueled Fundraising

Nectar Social raised $30M 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 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.