Topic: investment funding
-
SoftBank, Nvidia in Talks to Triple Skild AI's Value to $14B
SoftBank and Nvidia are reportedly in advanced talks to lead a funding round exceeding $1 billion into Skild AI, which would value the robotics software startup at around $14 billion. Skild AI is developing a foundational, robot-agnostic software model called Skild Brain, designed to serve as a v...
Read More » -
India's Arya.ag Thrives with Investors Despite Falling Crop Prices
Arya.ag, an Indian agritech firm, raised $81 million in Series D funding, demonstrating resilience by avoiding direct commodity speculation and remaining profitable despite sector volatility. The company empowers farmers by providing local storage to use grain as collateral for loans and connects...
Read More » -
Spiro Secures Record $100M for Africa's E-Mobility
Spiro secured a record $100 million investment, the largest for an African EV mobility company, to expand its electric motorcycle fleet and battery-swapping network across the continent. The company's battery-swapping model reduces operating costs by 30% and eliminates refueling downtime, making ...
Read More » -
AltStore Expands Its iPhone App Store to More Countries
AltStore PAL is expanding beyond the EU to Japan, Brazil, and Australia in 2024, with a UK launch planned for 2026, driven by user demand and pending Apple's details. The platform is integrating the ActivityPub protocol to federate apps and updates, allowing users on Mastodon or Threads to intera...
Read More » -
Nvidia Partners With OpenAI to Offer Compute and Cash
Nvidia and OpenAI have formed a strategic alliance to accelerate AI development, providing OpenAI with immense computational power and up to $100 billion in financial backing. OpenAI will build and operate at least 10 gigawatts of AI data centers equipped with Nvidia's systems, gaining access to ...
Read More » -
Reddit Co-Founder's Firm Invests in AI Translation Startup Palabra
Speech translation technology is advancing, but real-time multilingual communication remains challenging; Palabra AI, backed by investors like Alexis Ohanian, raised $8.4 million to address this gap. Palabra’s AI reduces latency to 800 milliseconds, enabling fluid conversations by integrating cus...
Read More » -
A16z Invests in UK's Dex to Expand AI-Powered Recruitment Platform
Andreessen Horowitz has invested in Dex, a London-based AI recruitment platform aiming to transform how companies and candidates connect through advanced matching technology. The startup, founded by former Atomico executives Paddy Lambros and Harry Uglow, recently secured $3.1 million in pre-seed funding led by a16z's Speedrun fund alongside Concept Ventures and prominent angel investors.
Read More » -
Nscale Partners with Microsoft on Major AI Infrastructure Deal
Nscale has partnered with Microsoft to deploy nearly 200,000 Nvidia GB300 GPUs across data centers in Europe and the U.S., significantly expanding AI infrastructure and establishing Nscale as a key global player. The deployment includes 104,000 GPUs in Texas, 12,600 in Portugal, and additional un...
Read More » -
Silent Sound: The Next Frontier in Wildfire Defense
Sonic Fire Tech has developed an acoustic fire suppression system using infrasound, which is inaudible to humans and can extinguish flames from a distance without water. The system is designed to protect homes from wildfires, automatically activating via sensors and offering a critical advantage ...
Read More » -
TransBnk Raises $25M to Modernize India's Corporate Banking
India's corporate banking sector lags in digitization despite a large SME market, creating a modernization opportunity for more efficient financial tools. TransBnk, a fintech startup, offers a unified digital platform for corporate banking, recently securing $25 million in funding to expand inter...
Read More » -
IXI Secures $36.5M From Amazon to Revolutionize Prescription Glasses
A Finnish startup is shaking up the eyewear industry with cutting-edge technology that could make traditional prescription glasses obsolete. IXI, a Helsinki-based company, just secured $36.5 million in Series A funding, with backing from Amazon’s Alexa Fund and other prominent investors.
Read More » -
Warner Music Partners with AI Startup Suno in Landmark Deal
Warner Music Group has partnered with AI startup Suno to resolve copyright disputes and establish new standards for artist compensation and control in AI-generated music, including launching licensed AI music models next year. The agreement ensures Warner Music artists retain full control over th...
Read More » -
Ex-Cohere AI Lead Bets Against the Scaling Race
The AI industry is heavily investing in massive, costly data centers based on the "scaling" principle, which assumes that increasing computational resources will lead to superintelligent systems. Critics, including former Cohere VP Sara Hooker, argue that scaling large language models is reaching...
Read More » -
Carta Exits Shutdown Business, Invests $15M in SimpleClosure
Carta exited its in-house winddown service and invested $15 million in SimpleClosure, a startup specializing in streamlined shutdown solutions, to better address the complexities of startup closures. SimpleClosure, founded by Dori Yona after his own challenging shutdown experience, achieved rapid...
Read More » -
British Startup Isembard Secures $9M to Boost Local Manufacturing
Amid rising geopolitical tensions, there is a growing push in various nations to reshore critical industries, revamping local infrastructure and bringing bac...
Read More » -
Private Firm to Test Space Weapon in Self-Funded Demo
Defense contractors are competing for the Golden Dome missile shield program, a trillion-dollar initiative, and assert that the foundational technologies for an effective homeland defense system already exist within the U.S. industrial base. The main challenge is integrating components into a sea...
Read More » -
Waabi and Volvo Launch New Self-Driving Truck
Volvo and Waabi have unveiled the Volvo VNL Autonomous truck, integrating Waabi's software with Volvo's platform to enable scalable driverless freight transport on various roads. Waabi aims to be the first to commercialize self-driving trucks without any human safety driver, with current operatio...
Read More »