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Analysis: tech employers filed layoff notices for 14,500+ Bay Area workers in the 12 months to June; Bay Area software engineer demand is down 42% since 2022 (Francesca Maglione/Bloomberg)

Francesca Maglione / Bloomberg : Analysis: tech employers filed layoff notices for 14,500+ Bay Area workers in the 12 months to June; Bay...

16 September 2026

Arcee AI, which develops open-weight models in the US, raised a Series B at a $1B pre-money valuation; a source says Arcee raised at least $150M (Allie Garfinkle/Fortune)

Allie Garfinkle / Fortune:
Arcee AI, which develops open-weight models in the US, raised a Series B at a $1B pre-money valuation; a source says Arcee raised at least $150M  —  In 2025, Mark McQuade took a gamble wholly specific to the AI era.  —  Arcee AI, the startup he founded in 2023, was focusing on post-training …

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