Investors and funding

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Alphabet adds the yen to its bond programme, in a debut Samurai issue, funding the AI build

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Mizuho, Bank of America, and Morgan Stanley have the mandate. Pricing is expected this month. The trade follows Alphabet’s record CHF, sterling and euro issuances in February and last week’s $17bn euro-Canadian-dollar combination, all targeted at the $180-190bn capex programme. Alphabet plans to sell yen-denominated bonds for the first time, the company disclosed in a […]

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Bill Gates’s backed Fervo Energy raises IPO target to $1.82bn on $7.4bn

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The geothermal developer increased its share count by 26% and its top-of-range price by about 8% in an SEC filing on Monday. The revision points to the demand for clean baseload power that AI data-centre buyers have been ready to pay for. Fervo Energy raised its IPO target on Monday to as much as $1.82bn, […]

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Dutch eyeo raises €40m to commercialise NCOS color-splitting image sensors

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Innovation Industries leads the Series A. imec.xpand, Invest-NL Deep Tech Fund, QBIC, HTGF, and BOM return. Total funding now stands at €55m. The money funds in-house chip design and a push toward volume sensors built on the company’s NCOS color-splitting technology. Eindhoven-based eyeo has raised €40m in Series A funding to commercialise a sensor technology […]

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Istanbul’s Grand Games lands a $70m Series B as Balderton doubles down on Turkey’s puzzle-game pipeline

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Bek Ventures, Laton Ventures, and angel investor Mert Gür are back. Total funding for the two-year-old studio reaches $103m. The round arrives weeks after Scopely’s $1bn buyout of Loom Games and CVC’s $5bn deal for Dream Games. Grand Games Oyun ve Yazılım, the Istanbul-based mobile gaming studio behind Magic Sort and Car Match, has raised […]

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Quantum Motion lands $160m in EU’s first major late-stage commitment

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The London company building silicon-CMOS spin qubits has been one of the cleaner technical credentials in European quantum hardware. The choice of investee for the EU’s first major late-stage venture commitment, announced post-Brexit, is itself the news. The European Union’s new Scaleup Europe Fund has made its first investment, leading a $160m round in UK-based […]

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Moonshot AI’s $20bn valuation seals one of China’s fastest AI funding trajectories

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Meituan Dragon Ball is leading a $2bn round in the Beijing-based maker of the Kimi chatbot, with China Mobile and CITIC Private Equity Funds participating. The valuation is roughly seven times the figure Moonshot carried sixteen months ago. Moonshot AI, the Beijing-based developer of the Kimi chatbot, is closing a $2bn funding round at a […]

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Corgi reaches a $1.3bn valuation four months after its Series A, with TCV leading a $160m round

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The Y Combinator-backed AI-native insurance carrier closed its Series A in January at a $630m valuation. The Series B doubles that figure and funds expansion beyond startup insurance into trucking, where the company says quoting and risk modelling can be similarly compressed. Corgi, a Y Combinator-backed AI-native insurance carrier built for startups, has raised a […]

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Corgi reaches a $1.3bn valuation four months after its Series A, with TCV leading a $160m round Read More »

OpsMill raises $14m Series A to make IT infrastructure data trustworthy enough for AI agents

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IRIS led the Paris- and London-based startup’s round, with BGV joining alongside existing investors Serena and Partech. The company’s Infrahub platform is in production at TikTok and at one European cloud provider that says it has cut deployment times from five days to fifteen minutes. OpsMill, the Paris-headquartered infrastructure data management company, has raised $14m […]

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Pit launches in Stockholm with $16M to build custom AI-native software for enterprise operations

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The Voi co-founder, Adam Jafer, is the chief executive. Lakestar joined a16z on the round, with strategic angels from OpenAI, Anthropic, Google, Deel, and Revolut. Early customers, including Voi, Tre, Stena Recycling, and Kry, are reporting deployment timelines of days to weeks. Pit, a Stockholm-based AI-native software platform for enterprise operations, has launched publicly with […]

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Ethos lands $22.75m Series A to fix what AI broke about hiring

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The London-based AI expert-matching platform, founded by ex-DeepMind and ex-McKinsey alumni, is being valued at the moment hiring is becoming the part of the labour market AI has most visibly degraded. Andreessen Horowitz now leads the round; General Catalyst, the seed lead, is back in. Generative AI has, in the space of about 30 months, […]

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Ethos lands $22.75m Series A to fix what AI broke about hiring Read More »

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