Zerohash is reportedly planning a new funding round following an abandoned investment from Mastercard. That’s according to a report Wednesday (May 20) by CoinDesk which said—per a source with knowledge of the matter—that Mastercard jettisoned plans to invest in digital assets infrastructure provider ZeroHash after...
Healthcare artificial intelligence (AI) company Commure announced Tuesday (May 19) that it has raised $70 million in new financing, achieving a post-money valuation of $7 billion. The Mountain View, California-based company said in a press release that the funding round was led by General Catalyst,...
Radar, an inventory management startup backed by American Eagle Outfitters CEO Jay Schottenstein, has reached a valuation of more than $1 billion following its latest funding round, CNBC reported on Tuesday (May 19). The company raised $170 million in Series B financing co-led by Gideon...
Perpetuals.com Ltd. has launched an artificial intelligence (AI)-powered trading platform that allows users to submit trading strategies without risking their own money. This marks a new attempt to combine crowdsourced investing with algorithmic execution, Bloomberg reported Tuesday (May 19). The platform, called UpsideOnly, lets users...
Investment management-focused AI startup Moment has raised $78 million in new funding. The company’s Series C round, announced Tuesday (May 19), comes as Moment works to advance adoption of its platform, which combines trading, portfolio management and compliance into one operating system. “Investment management is being rebuilt around AI,...
HSBC responded Friday (May 15) to a media report that it paused a $4 billion investment in its private credit funds, saying it remains committed to that business. “We are committed to our asset management’s offering in private credit funds,” the bank said, according to a Friday report by Reuters....
Cryptocurrency and prediction markets platform Gemini Space Station received a $100 million strategic investment from Winklevoss Capital Fund, which is owned by Gemini founders Tyler Winklevoss and Cameron Winklevoss. Gemini announced the investment in a Thursday (May 14) earnings release in which the company reported...
South Korean bank Hana Bank plans to buy a $672.5 million stake in Dunamu, the operator of the Upbit cryptocurrency exchange, The Wall Street Journal reported Thursday (May 14). The planned purchase will take place June 15 and will give the bank a 6.55% stake...
Walmart tapped the brakes on Flipkart’s long-anticipated public market debut. The U.S. retail giant is telling its Indian eCommerce subsidiary to reach profitability first, Moneycontrol reported Friday (May 15), making the decision one of the clearest signals yet that Walmart is tightening financial discipline across...