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The AI infrastructure startup raised $1.5bn in a Series F, with Australia’s Blackbird VC putting in what may be the largest single outlay yet by an Australian firm. Baseten has raised $1.5bn in a Series F round that values the AI infrastructure startup at up to $13bn, a number that arrives barely 18 months and […]
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Kazakhstan’s Alem Capital Management has anchored a regional venture capital fund backing technology startups across Central Asia and the Caucasus, marking the fund-of-funds manager’s first publicly disclosed investment in the region’s startup ecosystem. Alem participated in the $25 million final close of Sturgeon Capital’s Emerging Opportunities II fund, joining existing and new investors including the […]
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Robinhood Markets is raising two billion dollars through a sale of convertible senior notes due October 2029, joining a surge of zero-coupon convertible issuance from technology companies betting that investors will accept no interest in exchange for equity upside. Goldman Sachs and JPMorgan are leading the offering, according to Bloomberg, with a greenshoe option that […]
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Robinhood is raising $2 billion in zero-coupon convertible bonds to buy back stock Read More »
OpenAI’s books show zero debt and just $46mn of quarterly capital spending. The catch, reported by The Information: around $665bn of commitments sitting just off the balance sheet, now heading for regulators’ desks. On paper, OpenAI looks like a lean software business. The reality is far heavier. As at 31 March, the ChatGPT maker had […]
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OpenAI’s suspiciously clean balance sheet is about to get a hard look Read More »
Fresh from a record IPO that helped make Elon Musk a trillionaire, SpaceX is raising at least $20bn in its debut bond sale to bankroll a vast AI build-out. SpaceX is about to do something none of Elon Musk’s companies has done before. It is borrowing money from public bond investors. On Monday the rocket […]
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SpaceX taps the bond market for the first time to fund AI Read More »
Meta is paying $900mn for a fifth of Cred, an Indian fintech. The bigger prize is its founder, Kunal Shah, who will now run WhatsApp. Meta has found its next WhatsApp boss the way it now likes to find people: by writing a cheque. On Monday, the company said it would invest $900mn in Cred. […]
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Meta buys a fifth of Cred, and a new WhatsApp boss Read More »
Most of what makes American healthcare expensive happens before a doctor is ever in the room, and after. Someone schedules the appointment, confirms the insurance, works out what the patient owes, and chases the payer when a claim stalls. It is slow, fragmented work, and by most estimates it wastes hundreds of billions of dollars […]
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Prosper AI raises $30M from a16z to automate the patient journey Read More »
The hard part of electrifying a motorcycle in Lagos or Nairobi was never the motorcycle, it was the charging. A rider who earns by the trip cannot afford to sit for hours waiting for a battery to fill, which is why Spiro built its business around swapping instead: pull in, trade a flat pack for […]
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Spiro takes $55M from China’s NewTrails as it nears a $1bn valuation Read More »
Seedcamp has spent nearly two decades writing the first cheque into companies before anyone else was sure they were worth one. Revolut, Wise, UiPath, Synthesia, and Fluidstack all took early money from the London firm, and on Monday it said it had raised $320mn to keep doing the same thing for the next generation, with […]
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Seedcamp raises $320M and builds out a transatlantic bridge Read More »
Certification is the kind of work most people never think about until it holds something up. Before a regulator grants a permit, a buyer pays a premium, or an investor releases capital, somebody has to confirm that a claim is true, and for decades that somebody has done it slowly, by hand, sampling a fraction […]
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London’s Isometric lands $40M to certify the industrial economy with AI Read More »