Topic: funding utilization
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AI Startup Figure Hits $39B Valuation in Major Funding Round
Figure, a humanoid robotics company, has secured a significant Series C funding round, achieving a $39 billion valuation and highlighting growing confidence in automation for industrial use. The investment, led by Parkway Venture Capital with major backers like Nvidia and Intel, will expand Figur...
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Saudi's Orbii Raises $3.6M Seed Round Led by Prosus for SME Lending
Orbii, a Riyadh-based AI credit platform, raised $3.6 million in seed funding to enhance SME financing access across the MENA region. The platform uses AI to automate underwriting and loan processes, integrating with financial systems for rapid, data-driven lending decisions. With the new funding...
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5 Pivots to Profit: How a YC App Hit 300K Users & $1M ARR in 6 Months
Candle, a social app for couples and close friends, rapidly grew to 300,000 users and over $1 million in annual recurring revenue by pivoting from a failed AI shopping tool based on user feedback and a viral TikTok video. The app differentiates itself by focusing on strengthening existing relatio...
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Databricks Hits $100B Valuation Milestone with $4B ARR
Databricks has reached a $100 billion valuation after securing $1 billion in new funding, highlighting its rapid growth in the AI and data analytics sector. The funding will support development of a database platform to compete with Supabase, targeting AI agent applications, as automated data gen...
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