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Sigma Computing has raised $80 million in Series E funding at a $3 billion valuation, doubling its worth in a year and positioning the San Francisco-based company as one of the most aggressively valued players in the business intelligence market. The round was led by Princeville Capital, with new strategic investors Databricks Ventures, ServiceNow […]
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The Pátria-controlled data-centre developer is buying renewable power from Brazil’s largest independent generator to underwrite a 200 MW campus in Pecém, the first ByteDance facility in Latin America. Omnia, the Pátria Investimentos-backed data-centre developer, has signed a roughly $2bn energy-supply agreement with Casa dos Ventos, Brazil’s largest independent renewable-power generator, according to Reuters. The contract […]
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Omnia and Casa dos Ventos sign $2bn power deal anchoring TikTok’s Brazil data centre Read More »
The all-stock takeover, the largest power acquisition ever, gives NextEra the utility that runs Northern Virginia’s data-centre belt and consolidates the bidding power on the demand side of the AI-electricity trade. NextEra Energy has agreed to acquire Dominion Energy for about $67bn in an all-stock deal, Bloomberg reported on Monday, in what would be the […]
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NextEra agrees $67bn all-stock deal for Dominion in largest power acquisition ever Read More »
Radical Ventures led the round, with Nvidia, Sequoia, Benchmark, Adobe, and Toyota alongside. Andrej Karpathy, Michael Eisner, and the Nintendo family are angels. Total raised is now over $450m. Decart, the AI research lab building real-time video and world models, announced on Monday it had raised $300m in new funding led by Radical Ventures. The […]
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Decart raises $300M to put a real-time world model in front of Amazon’s chips Read More »
The Paris- and San Francisco-based platform’s Series B is co-led by Abstract and Sequoia, with Snowflake and Datadog participating. Total funding is now north of $60m. Dust, the Paris- and San Francisco-based enterprise AI platform, has raised a $40m Series B co-led by Abstract and Sequoia, with participation from Snowflake and Datadog, the company said […]
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Dust raises $40M to push enterprise AI past the single-player era Read More »
L Catterton has sold its majority stake at a steep discount to the DTC era’s peak valuation. Common stockholders get nothing. The Everlane board signed on Saturday. Shein, the Chinese-founded ultra-fast-fashion giant, is acquiring Everlane, the San Francisco-based direct-to-consumer apparel brand, from majority owner L Catterton, according to reports in Bloomberg. The transaction values Everlane […]
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The Tampa-based, Sun Capital-owned software services firm is folding the SAP- and IWG-trusted UK digital agency into its Digital Experiences practice. Deal terms were not disclosed. Exadel, the Tampa-based software-development and consulting firm, has acquired Tangent, the London-based digital experience consultancy, the company said on Monday. Terms were not disclosed. Tangent will continue to operate […]
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Europe’s largest bank is putting a dedicated facility behind Chinese solar, battery, EV and data-centre exporters expanding overseas, citing demand that has accelerated alongside the Iran war. HSBC has set up a dedicated $4bn credit facility to help Chinese clean-technology companies expand overseas, the bank said on Monday. The ‘Sustainability and Transition Credit Facility’ covers […]
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HSBC opens a $4bn credit line for Chinese clean-tech to go global Read More »
Cerebras Systems closed its first day on the Nasdaq at $311.07, up 68% from its $185 IPO price, giving the wafer-scale chip company a market capitalisation of approximately $95 billion. The offering raised $5.55 billion, making it the largest US tech IPO since Snowflake’s $3.8 billion debut in 2020. CEO Andrew Feldman rang the bell […]
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RJ Scaringe has raised more than $12.3 billion across three startups, and the pace is accelerating. The Rivian founder and CEO, who holds a doctorate in mechanical engineering from MIT, is now simultaneously running an electric vehicle manufacturer, an autonomous micromobility company, and an industrial AI robotics startup, each attracting capital at a speed that […]
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