Investors and funding

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GoWish, the Danish wishlist app, is valued at more than $200mn ater its last raising

GoWish has raised fresh funding at a valuation of more than $200mn, according to Bloomberg, which reported the round on Monday. The company is one of the more unusual businesses to come out of Copenhagen’s startup scene, not least because it did not start as a startup at all. The app began life in 2015 as […]

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SoftBank plans record $6.3bn retail bond sale in Japan

SoftBank plans a record 1 trillion yen retail bond sale, about $6.3bn, the largest by any issuer in Japan, to fund investment commitments to OpenAI. Analysts say banks were reluctant to take the risk, leaving the deal dependent on retail investors. SoftBank has found a lender of last resort for its AI bet, and it […]

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Alibaba is raising $10.2bn and spending all of it on AI

Alibaba is placing HK$80bn, about $10.2bn, of new shares in Hong Kong and says all net proceeds will go to AI infrastructure and capabilities. It comes days after the company reported a 75% fall in quarterly net profit driven by that same spending. Alibaba is going to the market for money to spend on AI, […]

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This startup is training an AI model on skin that stays alive for a month

Outer Biosciences has come out of stealth after four years, keeping surgically discarded human skin alive for up to a month and feeding the results into an AI model that predicts useful compounds. It has raised about $23mn and employs 19 people. A company in Massachusetts has spent four years keeping human skin alive outside […]

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Letara raises ¥2.6bn for hybrid rocket engines the law does not call explosive

Letara, a Hokkaido University spinout, has raised about ¥2.6bn, roughly $16mn, for hybrid rocket engines that use plastic as fuel and are not legally classified as explosives. Germany’s HyImpulse raised €45mn for the same approach last October. A Japanese startup has raised about $16mn to build rocket engines that burn plastic. Letara, a spinout from […]

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Anthropic could raise $100bn, ten times Europe’s largest listing in decades

Anthropic could raise around $100bn in a listing as early as October, exceeding SpaceX’s record, with backers modelling a valuation of at least $2tn. The Financial Times reports that senior executives have not set a valuation target even privately. Anthropic’s listing now has a figure attached to it. Reports put the raise at around $100bn, […]

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Aptera has found someone to build its solar car, and it is in Shanghai

Aptera has partnered with Shanghai’s Launch Design on a manufacturing programme worth up to $44mn, covering tooling, testing and pilot production. Aptera pays two-thirds of the costs, while its latest filing reports $10.1mn in cash and substantial doubt about continuing as a going concern. Aptera has finally found someone to build its solar car. The […]

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Astromech raised $20mn at $3.8bn to forecast how biology breaks

Astromech has raised $20mn at a $3.8 billion valuation to build AI that predicts how living systems will change. The company says its models learn from 3.8 billion years of biological history. The valuation and the training window are the same number, and nobody has said whether that is a coincidence. Bob Nelsen led the […]

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Starcloud raised $250mn to buy rockets it cannot yet book

Starcloud has raised $250mn to put AI compute in orbit, and a large part of the money is earmarked for rockets it cannot yet book. The Series A extension values the company at $2.3bn post-money, the company said. Its total raised now stands at $450mn. Starcloud was founded in 2024, and its March round valued […]

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Nvidia is in talks with the Korean inference chip designer Rebellions

Nvidia is in early talks with the Korean AI chip designer Rebellions about a technical partnership, an investment or possibly an acquisition, Bloomberg reported on Friday. Jensen Huang met Rebellions co-founder and chief executive Sunghyun Park at Nvidia’s Santa Clara headquarters this week, people familiar with the matter told the news agency. They asked not […]

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