European investment firm Lakestar has closed a $300 million Resilience I Fund designed to invest in defense and dual-use technologies that enhance Europe’s resilience capabilities, the company said in a Friday (July 17) post on LinkedIn. “As [Klaus Hommels], our founder and chairman, wrote last...
Databricks is raising a round of strategic funding at a $188 billion valuation and expects the round to close later this summer, the company said in a Thursday (July 16) press release. The data and artificial intelligence company signed a term sheet for the round,...
Anthropic is arranging credit lines worth billions of dollars, adding to a $2.5 billion, five-year revolving credit facility it received last year, The Information reported Wednesday (July 15), citing unnamed sources. Expanding capacity like this is a common move by companies planning an initial public...
Anthropic wants to meet with prospective investors ahead of a potential initial public offering that could take place as soon as October, Bloomberg News reported Wednesday (July 15). Banks leading the offering are scheduling investor meetings in the coming weeks, according to the report, which...
Lumin Digital has raised $115 million in new capital to further the expansion of its unified digital banking platform into a Compounding Growth Platform for banks and credit unions. The new capital includes $70 million in new investment from 15 of the company’s clients and...
Flex, a 3-year-old startup offering artificial intelligence-powered banking solutions for medium-sized business owners, was valued at $1.2 billion in a funding round, Reuters reported Tuesday (July 14), citing an unnamed source. The B1 round more than doubled Flex’s valuation from six months ago, according to...
Auger raised $50 million in a Series B funding round to accelerate its build of an autonomous operating system for supply chain operations, Auger Founder and CEO Dave Clark said in a Thursday (July 9) post on LinkedIn. The company is “reinventing the operating systems of the physical economy,” Clark said in the...
Gauntlet Networks, a digital asset risk and optimization firm, raised $125 million in a Series C funding round to support its continued development into a global organization. The company is a cryptocurrency industry yield curator that helps capital allocators, FinTechs, financial institutions and stablecoin issuers...
South Korean memory chipmaker SK hynix raised $26.5 billion in its U.S. market debut Friday (July 10), completing the largest-ever U.S. listing by a foreign company, the Financial Times reported Friday. The company’s U.S. market debut followed a first quarter in which SK hynix saw its revenue nearly triple year over...