Tech Company Financing Transactions
xAI Funding Round
Cisco Investments, Fidelity Ventures and NVIDIA participated in a $20 billion Series E funding round for xAI. This venture round was announced on 1/6/2026.
Transaction Overview
Company Name
Announced On
1/6/2026
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$20,000,000,000
Round
Series E
Proceeds Purpose
It will use this new funding to continue expanding its data centers and Grok models.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
216 Park Road
Burlingame, CA 94010
USA
Burlingame, CA 94010
USA
Phone
Undisclosed
Website
Email Address
Overview
xAI is a company working on building artificial intelligence to accelerate human scientific discovery. We are guided by our mission to advance our collective understanding of the universe. Our team is led by Elon Musk, CEO of Tesla and SpaceX. Collectively our team contributed some of the most widely used methods in the field, in particular the Adam optimizer, Batch Normalization, Layer Normalization, and the discovery of adversarial examples.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Elon Musk
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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