Arcee AI, a developer of open-weight models, announced a $150 million Series B led by Vista Equity Partners, Cambium Capital Partners and Emergence Capital, valuing the company above $1 billion, according to Crunchbase's roundup of September's new unicorns.
The round fits a pattern in which smaller labs focusing on efficient or specialized open models raise at large valuations even as the largest labs spend tens of billions. Valuation figures here come from the Crunchbase summary.
Source: Crunchbase News