Fidelity Management & Research Company

Tracked participation in 17 Atlas companies, with 4 explicitly attributed leads.

Firm website ↗

17portfolio companies

34round participations

4lead positions

$1.4Bled round total

Conviction

Most recent leads

The latest rounds this investor is sourced as leading, newest first.

Sep 2025CerebrasSeries G$1.1Bat $8.1B valuation May 2022SiMa.aiSeries B (additional / extension)$30MMay 2021TenstorrentSeries C$200Mat $1B valuation May 2021SiMa.aiSeries B$80M

Capital activity

Portfolio

CompanyLatest valuationFirst → latestRoundsRoleAttributed partner

DDatabricks$190BSep 2023 → Aug 20262 roundsParticipant—

AAnthropic$965BMar 2025 → May 20264 roundsParticipant—

OOpenAIFrontierOpenAI is an AI research and deployment company focused on building safe and beneficial artificial general…$852Bvaluation$291.6BraisedRecent roundsIssuer tender / employee stock tender (secondary liquidity; self-funded buyback) · Aug 2026$7Bcommitted capital funding round (latest) · Mar 2026$122B · Altimeter, Amazon +26Primary funding round (committed capital) · Feb 2026$110B · Amazon, Microsoft +2OpenAI$852BMar 2026 → Mar 20261 roundParticipant—

ZZipline$800MJan 2026 → Mar 20262 roundsParticipant—

WLWorld LabsWorld modelsWorld Labs is a spatial intelligence company building “frontier world models” intended to perceive, generate, reason…$1Bvaluation$1.4BraisedRecent roundsnew funding round (reported as $1B total) · Feb 2026$1B · AMD, Autodesk +4Autodesk strategic investment (part of the larger round) · Feb 2026$200M · AutodeskStrategic investment (undisclosed amount) · Nov 2025Cisco InvestmentsWorld Labs—Feb 2026 → Feb 20261 roundParticipant—

RRunway$5.3B2024-11-?? → Feb 20263 roundsParticipant—

CCerebras$23BSep 2025 → Feb 20262 rounds1 led—

WWaymoPhysical AIWaymo is Alphabet’s autonomous driving technology company, built to commercialize the Waymo Driver—a fully…$126Bvaluation$42.4BraisedRecent roundsInvestment round (growth financing) · Feb 2026$16B · led by Dragoneer Investment Group, DST Global +1investment round · Feb 2026$16B · led by Dragoneer Investment Group, DST Global +1investment round · Oct 2024$5.6B · led by AlphabetWaymo$126BJun 2021 → Feb 20263 roundsParticipant—

SSpaceXAIFrontierxAI (trading as SpaceXAI on its current website) is an AI frontier-lab building and deploying Grok-family…$230Bvaluation$52.1BraisedRecent roundsSeries E · Jan 2026$20B · Baron Capital Group, Cisco Investments +6Equity financing (round details/label not specified in source) · Sep 2025$10B · Kingdom Holding Co., Prince Al Waleed bin Talal +2Debt + strategic equity (reported as completed; not labeled as a numbered Series in the source) · Jun 2025$10B · Morgan StanleySpaceXAI$230BMay 2024 → Jan 20263 roundsParticipant—

CCrusoeNeocloudsCrusoe is a vertically integrated AI infrastructure provider built around energy-first compute. The company says it…$10Bvaluation$3.8BraisedRecent roundsSeries E · Oct 2025$1.4B · led by Mubadala Capital, Valor Equity PartnersDebt financing (credit facility) · Jun 2025$750M · led by Brookfield Asset ManagementDebt financing (credit facility) · Mar 2025$225M · led by Upper90 Capital ManagementCrusoe$10BOct 2025 → Oct 20251 roundParticipant—

NNscaleNeocloudsNscale is a London-headquartered “full-stack” AI cloud and sovereign compute infrastructure provider that designs,…$14.6Bvaluation$6.8BraisedRecent roundsDebt - Revolving Credit Facility · Jul 2026$900M · Bank of America, Crédit Agricole CIB +10Debt / financing commitment (Narvik data center expansion) · May 2026$790M · ABN AMRO, DNB +3Series C · Mar 2026$2B · led by 8090 Industries, Aker ASANscale—Sep 2025 → Sep 20251 roundParticipant—

CACelestial AI—Aug 2025 → Aug 20251 roundParticipant—

TTenstorrentChipsTenstorrent is a privately held computing company building AI accelerator chips, RISC-V CPU intellectual property,…$2Bvaluation$993MraisedRecent roundsSeries D · Dec 2024$693M · led by AFW Partners, Samsung SecuritiesStrategic up-round (co-led) · Aug 2023$100M · led by Hyundai Motor Group, Samsung Catalyst FundSeries C · May 2021$200M · led by Fidelity Management and Research CompanyTenstorrent$2BMay 2021 → Dec 20242 rounds1 led—

AAnduril$14BAug 2024 → Aug 20241 roundParticipant—

CCoreWeaveNeocloudsCoreWeave is a publicly traded AI-infrastructure provider built around large-scale GPU clusters and software that…$19Bvaluation$24.1BraisedRecent roundsSecured debt financing facility (DDTL 5.0 closing; first publicly syndicated HPC infrastructure-backed financing vehicle) · May 2026$3.1BEquity purchase (private placement; Jane Street) · Apr 2026$1B · led by Jane Street Global Trading LLCEquity (NVIDIA investment; strategic) · Jan 2026NvidiaCoreWeave$19BMay 2024 → May 20241 roundParticipant—

SSiMa.ai—May 2021 → Apr 20244 rounds2 led—

GGenerate:BiomedicinesScienceGenerate:Biomedicines (NASDAQ: GENB) is a clinical-stage generative biology company building protein therapeutics by…$1BraisedRecent roundsInitial Public Offering (IPO) · Feb 2026$400M · Cantor Fitzgerald & Co., Goldman Sachs & Co. LLC +3Series C · Sep 2023$273M · Abu Dhabi Investment Authority (ADIA) — wholly-owned subsidiary (Series B investor), ADIA (wholly-owned subsidiary) +14Series B · Nov 2021$370M · Abu Dhabi Investment Authority (ADIA) — wholly-owned subsidiary, Abu Dhabi Investment Authority (ADIA) subsidiary +9Generate:Biomedicines—Nov 2021 → Sep 20232 roundsParticipant—

DateCompanyRoundRaisedValuationRoleEvidence

Aug 13, 2026DDatabricksStrategic funding round$5B$190BParticipant