Abhinaya Prabhu
Content Editor at Tech Funding News
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Articles
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1 week ago |
techfundingnews.com | Abhinaya Prabhu
Plaid, a San Francisco-based fintech disruptor, has completed a $575 million secondary share sale, adjusting its valuation to $6.1 billion. This development marks a notable shift from its previous valuation of $13.4 billion in 2021, underscoring the dynamic nature of the fintech sector. The recent secondary sale was led by prominent investors, including Franklin Templeton, Fidelity, and BlackRock, with continued participation from existing stakeholders such as NEA and Ribbit Capital.
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1 week ago |
techfundingnews.com | Abhinaya Prabhu
In a landmark move that has sent ripples through the tech industry, Elon Musk’s AI company, xAI, has acquired the social media platform X (which Musk purchased in 2022 under its former name Twitter) in an all-stock deal valued at $33 billion. This strategic merger aims to synergise xAI’s advanced AI capabilities with X’s extensive user base, marking a significant step in Musk’s vision to intertwine artificial intelligence with social media.
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1 month ago |
techfundingnews.com | Abhinaya Prabhu |byAbhinaya Prabhu |bySofia Chesnokova
Dexterity is continuing to make waves in the robotics industry. In a recent funding round, the company got $95 million, pushing its post-money valuation to $1.65 billion, per Bloomberg. With this, the total funding raised by the company to date is $300 million. The investment, led by Lightspeed Venture Partners and Sumitomo Corp., underscores the growing demand for AI-powered robotics.
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1 month ago |
techfundingnews.com | Abhinaya Prabhu |bySofia Chesnokova |byAbhinaya Prabhu
In a stride toward revolutionising enterprise search, Onyx, an open-source AI research agent, has secured a $10 million seed funding. The round was co-led by Khosla Ventures and First Round Capital. The investment from Y Combinator and notable angels, including Gokul Rajaram (Coinbase, Pinterest), Arash Ferdosi (Dropbox), Amit Agarwal (Datadog), and Kulveer Taggar (Zeus Living).
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1 month ago |
techfundingnews.com | Abhinaya Prabhu |byAbhinaya Prabhu |bySofia Chesnokova
Bria, an enterprise visual generative AI platform built on 100% licensed data, has closed $40 million in Series B funding. The round was led by Red Dot Capital, with participation from Maor Investment, Entrée Capital, GFT Ventures, Intel Capital, and In-Venture. This brings the total funding raised by the company to $65 million, including the $24 million investment secured last year.
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