Robinhood’s participation in the Trump Accounts program may lead to the company entering additional public-sector partnerships, Bloomberg reported Friday (May 29). The federal program could serve as a model for similar initiatives, and some states and other public-sector organizations have approached Robinhood about partnering on similar projects, Robinhood Chief...
Groq is looking to raise as much as $650 million from existing investors as it transitions from AI chipmaker to AI inference neocloud business, Axios reported Thursday (May 28). This move follows a $20 billion licensing deal with Nvidia that was announced in December and saw much of Groq’s senior...
Artificial intelligence (AI) startup Cognition said it is now a $26 billion company. As the company said in its announcement Wednesday (May 27), Cognition reached that valuation after raising more than $1 billion in a new Series D funding round, financing it will use for...
Artificial intelligence (AI) inference startup Baseten has reportedly been holding talks with investors to raise $1 billion. That funding would value the company at $11 billion, The Information reported Tuesday (May 26), citing a source familiar with the matter. Baseten was valued at $5 billion...
Bank of America expects Brazilian companies to launch at least 10 initial public offerings in 2027, Reuters reported Monday (May 26). These listings are expected to take place in both Brazil and the United States, and the deals should start at around $500 million, the report said,...
Artificial intelligence (AI) model marketplace OpenRouter has raised $113 million in new funding. The company said its Series B round, announced Tuesday (May 26), will allow it to expand its routing, governance, and optimization capabilities as businesses increasingly deploy AI. The announcement cited a 2026...
Visa-backed digital lending startup Branch International is reportedly cutting staff at its Kenyan and Nigerian offices. That’s according to a report Friday (May 22) from Business Insider (BI), which said the layoffs are indicative of a large shift among African FinTechs, with startups focused on...
Beauty-and-wellness scheduling software firm Fresha is now a $1 billion company. The startup announced the new valuation Thursday (May 21) along with news it had received $80 million from funds managed by investment giant KKR. “Fresha has built a differentiated platform, combining software, financial services,...
On-chain derivatives trading protocol Variational has raised $50 million in new funding. The company said its Series A round, announced Wednesday (March 20), coincides with the launch of the protocol’s first real-world asset (RWA) markets. “This initial rollout allows traders to access perpetuals on select...