Private Equity 24 Hours

Last updated: May 17, 2026, 5:30 AM ET

Private‑Equity Funding Secured $30 million for its Series A, AI‑driven marketing platform Nectar Social tapped Menlo Ventures and its Anthology Fund, a vehicle tied to Anthropic, underscoring venture capital’s appetite for generative‑AI tools that promise measurable ROI for brands. The round places the San Francisco startup among a growing cohort of late‑stage AI plays that have attracted megacap backers seeking early exposure to scalable Saa S models.

Tech‑Sector Turnaround Revealed early burn rate of $8 million a month as Cerebras Systems struggled to perfect its wafer‑scale processor, a cautionary tale for investors who backed the $60 billion AI‑chip darling’s 2026 IPO. The disclosure highlights the capital intensity of next‑gen hardware and may temper enthusiasm for similar deep‑tech ventures despite soaring market valuations.