xAI Secures $20 Billion Funding with Nvidia's Support
Elon Musk's AI startup xAI is raising $20 billion in a funding round, with Nvidia investing up to $2 billion in equity, according to Bloomberg.
Financial movements in the AI ecosystem, including venture capital investments, strategic acquisitions, IPO's and funding rounds for AI companies.
Elon Musk's AI startup xAI is raising $20 billion in a funding round, with Nvidia investing up to $2 billion in equity, according to Bloomberg.
Supernova has introduced the Supernova Portal, an AI-powered tool for product development, and secured $9.2 million in Series A funding to expand globally.
Synechron has announced the acquisition of RapDev, Calitii, and Waivgen, forming the largest ServiceNow practice in the financial services sector, according to a press release.
Harvey AI has announced a €50 million investment from EQT Growth to accelerate its international expansion, as stated in a press release.
Lancium has secured $600 million in debt financing to expand its data center operations in Abilene, Texas, which hosts OpenAI's Stargate project.
Bettani Farms, formerly Climax Foods, has rebranded and raised $6.5 million in Series A funding to launch its Caseed™ ingredient and dairy-free cheeses.
Maximor has raised $9 million to expand its AI-driven finance automation platform, aiming to streamline accounting processes and improve efficiency for finance teams.
GreyLabs AI has raised INR 85 crore (approximately USD 9.6 million) in a Series A funding round led by Elevation Capital, with participation from Z47 and angel investors.
Heidi, a Melbourne-based AI startup, has raised $65 million in a Series B funding round led by Point72 Private Investments, boosting its valuation to $465 million.
Feedzai has raised $75 million in a new funding round, increasing its valuation to over $2 billion, according to a press release. The investment will support the company's mission to enhance AI-driven financial crime prevention.
Supabase has raised $100 million in Series E funding, reaching a $5 billion valuation. The round was co-led by Accel and Peak XV, with participation from Figma Ventures.
OpenAI has acquired the AI-powered personal finance app Roi, with only the CEO joining OpenAI. The acquisition aligns with OpenAI's focus on personalized consumer AI.
Naveen Rao's new startup, Unconventional, Inc., aims to raise $1 billion at a $5 billion valuation, with backing from Andreessen Horowitz, Lightspeed, and Lux Capital.
Aisthesis Medical has raised $1.2 million in pre-seed funding to advance its AI-powered platform for predicting sepsis in hospitals.
OncoC4, a biotechnology company, has closed a Series B financing round of nearly $50 million to advance its pipeline of cancer therapies, announced in a press release.
Paris-based Clarifeye has raised €4 million in a pre-seed round led by EQT Ventures to develop AI agents that replicate expert knowledge, addressing challenges in sectors like law and life sciences.
Alpine Intel has announced the acquisition of HMI, enhancing its data-driven solutions for insurance carriers. The acquisition aims to integrate HMI's specialized outdoor property claim services with Alpine Intel's existing offerings.
Yasp, a German DeepTech startup, has raised $5 million in seed funding led by Capnamic to accelerate the development of its Agentic AI Compiler, aimed at optimizing AI model training and deployment.
OpenAI has finalized a $6.6 billion secondary share sale, valuing the company at $500 billion and surpassing SpaceX as the most valuable privately held company.
Perplexity AI has acquired Visual Electric, an AI-based image and video generation platform, to develop new consumer product experiences. Visual Electric will wind down its operations over the next 90 days.