Thread Bank has raised $30.5 million to promote its embedded banking strategy. The new funding, announced Tuesday (Dec. 16), comes in the form of a $27.6 million initial raise and a $2.9 million extension, the lender said. “From the outset, our mission at Thread has...
Data analytics/artificial intelligence (AI) firm Databricks is reportedly raising $4 billion in a new funding round. This Series L round would value the company at $134 billion, up 34% from its last session of funding during the summer, the Wall Street Journal (WSJ) reported Tuesday...
Vehicle-focused lending platform Octane has raised $100 million in equity capital. The Series F funding round allows Octane to accelerate its market penetration and deepen its product offering, the company said in a Monday (Dec. 15) news release. “Building on our strong foundation, this capital...
A new analysis from Citizens Bank finds prediction markets becoming an emerging asset class. The bank’s findings, flagged Monday (Dec. 15) in a CoinDesk report, come amid steady growth for platforms such as Robinhood, Kalshi and Polymarket. According to the report, Citizens’ analysts argue that...
Cryptocurrency exchange HashKey is set to raise $206 million after pricing its initial public offering, Reuters reported Monday (Dec. 15), citing an unnamed source. HashKey, founded in 2018, is Hong Kong’s largest licensed crypto exchange, the report said. Its other services include asset management, brokerage...
Microsoft has pledged $17.5 billion for artificial intelligence (AI) and cloud computing in India. The investment, which the company called its largest ever in Asia, was announced Tuesday (Dec. 9) after CEO Satya Nadella met with Indian Prime Minister Narendra Modi to discuss the country’s AI vision. “Microsoft’s investment in...
Safebooks has emerged from stealth and announced it raised $15 million in seed funding for its intelligent automation layer for quote-to-revenue finance operations. The Agentic Revenue Integrity (ARI) layer provides continuous monitoring, reconciliation and artificial intelligence-powered automation, eliminating the need for manual reviews, reconciliations and...
Italian robotics firm Generative Bionics has raised $81 million in new funding. The new funding round was one of the largest ever in Europe in the “humanoid robotics deep tech space,” Generative Bionics said in a Monday (Dec. 8) announcement. “Our mission is to build a future where...
Payments FinTech Airwallex has been valued at $8 billion after raising $330 million. The new funding, announced Monday (Dec. 8), will help finance the company’s ongoing growth in the U.S. and fuel expanded artificial intelligence (AI) hiring and product development. Airwallex, based in Australia, says...