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)
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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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