Data analytics firm Databricks is closing a $1 billion Series K funding round that values it at over $100 billion, up from $62 billion at the beginning of the year. The company will use the new capital to accelerate its launch of new artificial intelligence (AI) products that help...
The U.K.’s IPO drought from last year has reportedly carried over into 2025. Just seven companies have floated and raised capital on the London Stock Exchange (LSE) this year, the Financial Times (FT) reported Monday (Sept. 8), citing data from Dealogic. That’s compared to 231 companies in the U.S.,...
Baseten secured $150 million in a Series D funding round to scale its inference platform and its team to meet growing demand for inference, the process of running artificial intelligence (AI) models. This round nearly triples the company’s valuation from where it was six months...
A trading week shortened by the Labor Day holiday brought slight gains to the FinTech IPO Index, which gained 0.5% overall. Opendoor surged more than 48%, continuing a volatile streak of stock swings to and fro. The stock, which has achieved meme status, was noted...
Digital identity wallet ID.me raised $340 million across Series E financing, announced Wednesday (Sept. 3), and a credit facility, announced earlier. The latest financing values that company at over $2 billion, it said in a Wednesday press release. That valuation is up from the $1.8 billion at which ID.me was valued in November....
Artificial intelligence (AI) startup You.com has reportedly raised $100 million in new funding. The company’s latest funding round values it at $1.5 billion, and is happening amid its ongoing shift from consumer search to more general AI services, Bloomberg News reported Wednesday (Sept. 3). The company was...
Digital finance app SoFi has introduced its SoFi Agentic AI exchange-traded fund (ETF). The ETF, dubbed AGIQ, will invest in American companies that are part of the BITA US Agentic AI Select Index, SoFi announced Wednesday (Sept. 3). “Emerging market themes can be challenging to...
HappyRobot, an artificial intelligence startup focused on supply chain operations, raised $44 million. The Series B funding will help the company with hiring, product development and expansion into more enterprise deployments, according to a Wednesday (Sept. 3) press release. While the company did not share...
Mexico City-based FinTech company Kapital said Tuesday (Sept. 2) that it doubled its valuation to $1.3 billion and became “Latin America’s first AI unicorn.” The company said this while announcing in a press release that it raised up to $100 million in a Series C...