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Arrakis emerges from stealth with $38 million to bring AI to factories and supply chains

Deep tech, Digital Marketing, Investors and funding, SEO Tips, Startups and technology, Technology /

Arrakis, a London and Paris startup building what it calls an AI operating system for industrial companies, has emerged from stealth with $38 million in total funding and a thesis that the biggest returns from artificial intelligence will come from factories and supply chains, not office software. The company raised a $30 million Series A […]

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OpenAI adds two banking CEOs to its board as an IPO looms

Artificial Intelligence, Business, Digital Marketing, Investors and funding, OpenAI, SEO Tips, Technology, United States /

The ChatGPT maker has put two banking chiefs on both its nonprofit and for-profit boards: Nubank’s David Vélez and BNY’s Robin Vince. It is the kind of Wall Street ballast a company assembles when it is getting ready to face public investors. OpenAI is not a public company yet. Its latest board picks suggest it […]

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Moonshot is chasing a $50bn valuation, and it wants two funding rounds to get there

Artificial Intelligence, Asia, Business, China, Digital Marketing, Investors and funding, SEO Tips, Technology /

China’s Moonshot AI is raising money at a pace that would make most startups dizzy. The lab should close a round that values it at $31.5 billion in the coming days, Bloomberg reported. It then plans to open another almost immediately, targeting a valuation of as much as $50 billion. Two rounds, one summer The […]

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Databricks’ cofounder just raised $20M to be the Switzerland of AI compute

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The company came out of stealth on Tuesday. The founders built it at UC Berkeley, in the same lab that produced Spark, Databricks, and Anyscale. The team includes Zongheng Yang and Databricks co-founders Ion Stoica and Scott Shenker. The star-studded cheque Lux Capital led the $20 million seed, Fortune first reported. Coatue, Amplify, Foundation, Race, […]

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BlackRock is raising $12bn to build Meta a data centre it will own, lend to, and rent out

Artificial Intelligence, Business, Digital Marketing, Finance, Investors and funding, SEO Tips, Technology, United States /

On Monday, JPMorgan and Morgan Stanley began pitching investors on a bond sale of at least $12 billion, as The Wall Street Journal reported. The money will build a Meta data centre in El Paso, Texas. The structure is the story. Who owns what BlackRock and its infrastructure and private-credit arms own 80% of the […]

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Samsung reportedly in talks to back Mistral at €20bn valuation

Digital Marketing, Investors and funding, Next Featured, Samsung, SEO Tips, Technology /

Samsung is reportedly weighing a bet on Europe’s best-funded AI startup. The South Korean conglomerate is in talks to invest in Mistral as part of a fundraising round that could value the Paris company at roughly €20bn, the Financial Times reported on Wednesday, citing people familiar with the discussions. The size of Samsung’s cheque is where […]

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Gritt raises $32M for AI robots that bolt onto existing construction equipment to build solar farms faster

Deep tech, Digital Marketing, Investors and funding, robots, SEO Tips, Sustainability, Technology /

San Francisco-based Gritt has exited stealth with just over $32 million in combined pre-seed and Series A funding to deploy AI-powered robotic systems on large-scale construction sites, starting with solar farms. The $26 million Series A was led by Obvious Ventures, with Union Square Ventures and Active Impact Investments also participating, following an earlier pre-seed […]

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Gritt raises $32M for AI robots that bolt onto existing construction equipment to build solar farms faster Read More »

Sila raises $300M to fast-track gigascale anode production and shore up US battery supply chains

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Sila, the battery materials company formerly known as Sila Nanotechnologies, has raised $300 million in a private equity round led by Atreides Management and Sutter Hill Ventures to expand its silicon anode manufacturing plant in Moses Lake, Washington. 8VC, Bessemer Venture Partners, Matrix Partners, and T Rowe Price also participated, alongside existing investors including In-Q-Tel, […]

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London robotics startup Humanoid raises $152M Series A, with Bosch set to manufacture its wheeled robots at scale

Deep tech, Digital Marketing, Investors and funding, robots, SEO Tips, Technology /

London-based robotics startup Humanoid has raised $152 million in a Series A round led by Prime Movers Lab, the venture firm behind Figure AI’s $39 billion valuation, pushing Humanoid’s own valuation above $1 billion. Bosch, Schaeffler, Aglaé Ventures, the investment arm of LVMH chairman Bernard Arnault, and Taiwan’s Fubon Financial also participated. The round brings […]

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London robotics startup Humanoid raises $152M Series A, with Bosch set to manufacture its wheeled robots at scale Read More »

Microsoft to fund Mistral’s European AI expansion in multibillion-dollar deal

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Microsoft has agreed to bankroll a large slice of Mistral AI’s European build-out, extending a partnership that already binds the Paris lab to the American giant’s cloud. The two companies announced the expanded agreement on Tuesday, describing it as a multibillion-dollar commitment to compute infrastructure across the continent. What is clearer is the shape of […]

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