Topic: company funding
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Harness AI Hits $5.5B Valuation in $240M Raise
Harness raised $240 million in Series E funding, increasing its valuation to $5.5 billion and projecting annual recurring revenue to surpass $250 million in 2025. The company's AI-powered DevOps platform automates the testing, securing, and deployment of software, addressing a major bottleneck cr...
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Brevo's $583M Funding Aims to Challenge CRM Giants
Brevo has achieved unicorn status with €500 million in funding, which it will use to challenge major CRM competitors like Salesforce and expand aggressively in the North American market. The company, which evolved from an email tool to a comprehensive platform, will invest heavily in the U.S. and...
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Oura CEO on IPO Plans and Unwavering Data Privacy
Oura Health's CEO confirmed the company is positioned for an IPO but has not set a specific timeline, prioritizing user data privacy as nonnegotiable. The company expects to achieve $1 billion in annual revenue this year, doubling its previous performance and highlighting its growth in the health...
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General Fusion to Go Public in $1 Billion Reverse Merger
General Fusion is pursuing a reverse merger with a SPAC to go public, a move that could provide up to $335 million in new capital and value the company at around $1 billion. The funding is intended to complete its LM26 demonstration reactor, which uses a unique, piston-driven inertial confinement...
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Guardio Raises $80M in Funding From ION Crossover Partners
AI-powered coding tools are creating new security vulnerabilities by enabling rapid development of fraudulent websites, with Guardio developing specialized technology to detect malicious AI-generated code. Guardio has secured $80 million in new funding to accelerate expansion and now serves 500,0...
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Ex-Stripe Exec Lachy Groom's Startup Builds AI Robot Brains
Physical Intelligence is a well-funded startup pursuing general-purpose AI for robots through pure research, focusing on training versatile foundation models that can transfer skills across different hardware, akin to a "ChatGPT for robots." The company's strategy centers on **cross-embodiment le...
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Thinking Machines Lab Co-Founders Depart for OpenAI
Two co-founders of Thinking Machines Lab, including its CTO, have returned to OpenAI, posing a significant challenge to the startup's stability and direction. The talent movement highlights intense competition in the AI industry, with personnel frequently shifting between established giants and w...
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Exowatt's Hot Rocks Could Power AI Data Centers
Exowatt aims to provide ultra-low-cost solar power at one cent per kilowatt-hour using modular, container-like units with concentrated solar technology and thermal storage for continuous energy supply. The company has secured an additional $50 million in funding to scale production, supported by ...
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Commonwealth Fusion Installs Reactor Magnet, Secures Nvidia Deal
Commonwealth Fusion Systems has installed the first of eighteen powerful magnets for its Sparc reactor, a critical step toward starting the demonstration device next year in the race for grid-ready fusion power in the 2030s. The massive 24-ton magnets will generate an extremely strong magnetic fi...
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Stoke Space's Latest Milestone Demands Attention
Stoke Space raised $510 million in Series D funding, bringing its total capital close to $1 billion to finalize development of the Nova rocket and proceed with flight demonstrations. The company's Nova rocket, targeting a 2026 launch, is fully reusable including the payload fairing and can delive...
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Nothing's AI Tool Builds Mini Apps From Prompts
Nothing has launched Playground, an AI-driven platform that lets users create widgets and small apps from text prompts for its Essential Apps ecosystem. The company secured $200 million in funding to pursue AI-integrated software and hardware, aiming to innovate where larger brands have been slow...
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Smart Glasses That Instantly Adjust Focus
IXI's smart glasses use eye-tracking sensors and liquid-crystal lenses to automatically adjust focus, aiming to surpass the limitations of traditional bifocal and varifocal lenses. The glasses require overnight charging via a magnetic port and include a failsafe mode that defaults to a base dista...
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SandboxAQ Accuses Ex-Exec of Extortion Attempt
SandboxAQ is embroiled in a lawsuit with its former Chief of Staff, Robert Bender, who alleges wrongful termination after raising concerns about CEO misconduct and misleading financial disclosures. The company has forcefully denied all allegations, calling Bender a "serial liar" and asserting its...
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Marissa Mayer Shuts Down AI Startup, Sells Assets to New Venture
Marissa Mayer is shutting down her consumer software venture Sunshine and transferring its assets to a new AI company called Dazzle, which will focus on developing an AI personal assistant. Sunshine's products, including a contact management app and later AI-enhanced event and photo sharing featu...
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CMF: Nothing's Budget-Friendly Spin-Off Brand
Nothing is spinning off its CMF sub-brand into an independent, India-based subsidiary through a joint venture with Optiemus to aggressively target the budget consumer electronics market. The new CMF entity is backed by over $100 million in investment from Nothing, with the goal of creating more t...
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