Disposable Linux containers for AI coding agents, powered by TrueNAS and Incus.
The valuation represents a 31% increase from the $6.1 billion valuation the 13-year-old company achieved in April of last year, when it raised a $575 million round led by Franklin Templeton for partly the same purpose: purchasing shares from employees, including to help them cover the taxes associated with converting expiring restricted stock units (RSUs, a form of equity compensation) into shares.
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In August 2025, a mysterious new AI image editor called Nano Banana started tearing up the AI leaderboards. Google soon revealed it was the code name for a new image model officially called Gemini 2.5 Flash Image; however, the name "Nano Banana" stuck like glue.
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