Private Equity 8 Hours

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

Private‑Equity Activity

Closed a $30 million Series A for AI‑driven marketer Nectar Social, with Menlo Ventures and its Anthology Fund—backed by Anthropic—taking the lead, underscoring growing capital appetite for generative‑AI applications in advertising. At the same time, analysts recalled that Cerebras burned $8 million monthly in its early development phase, a reminder that deep‑pocketed investors still tolerate steep cash‑burn as they back chipmakers targeting breakthrough AI hardware. Both stories highlight private‑equity’s willingness to fund high‑risk, high‑reward AI ventures despite volatile cost structures.