Topic: marketplace model
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Prime Intellect raises $130M to help enterprises build AI agents
Prime Intellect, a startup providing computing power and software for building AI agents, raised $130 million in Series A funding at a $1 billion valuation, led by Radical Ventures with participation from Nvidia, Intel, and Dell. The company offers a "full stack" platform for AI agent development...
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Brussels hits Temu with €200M DSA fine over unsafe toys and chargers
The European Commission fined Temu €200 million for violating the Digital Services Act (DSA) by failing to prevent the sale of unsafe products, including chargers failing safety standards and baby toys with chemical and choking hazards. The fine targets Temu's flawed risk assessment, which regula...
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Beauty booking startup Fresha valued at $1 billion with KKR backing
Fresha has raised $80 million from KKR's growth equity fund, reaching a $1 billion+ valuation and signaling its transition from early-stage to a scaling business model. The platform has more than doubled since 2021, now hosting over 140,000 businesses and processing over 35 million monthly appoin...
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Preply Hits Unicorn Status, Showcasing Ukrainian Resilience
Preply has become a unicorn with a $1.2 billion valuation after a $150 million Series D funding round, achieving EBITDA profitability while scaling its global tutor marketplace. The company is strategically integrating AI to enhance, not replace, its human tutors, using it for lesson tools and be...
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Codi's AI Agent Transforms Office Management
Codi has launched the first fully automated AI platform for office management, which evolved from its initial marketplace model for flexible workspaces and is backed by $23 million in funding, including a Series A round led by Andreessen Horowitz. The platform automates day-to-day operational tas...
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