Japanese startup LayerX reportedly raised 15 billion yen (about $101 million) in a Series B funding round for its artificial intelligence software-as-a-service (SaaS) platform that provides back-office automation for enterprises. “We will strengthen our recruitment of engineers and further accelerate our AI agent business,” the...
Autonomous agent infrastructure company Kite has raised $18 million in a PayPal Ventures-led funding round. “Formerly known as Zettablock, Kite leverages years of experience in distributed infrastructure systems to bring forth a new architecture purpose-built for the agentic web,” PayPal said in a news release...
German software giant SAP announced Tuesday (Sept. 2) that it is investing 20 billion euros ($23.3 billion) to expand its “sovereign cloud” services as it bets on Europe’s desire to keep its data within its borders. The new investment underpins an expanded SAP Sovereign Cloud...
Predoc raised $30 million in seed and Series A funding for its artificial intelligence-powered health information management system, according to a banner on the company’s website. The company said in a Tuesday (Sept. 2) post on LinkedIn that the fundraise “will enable our team to...
The on-again, off-again public listing plans of buy now, pay later giant Klarna are now officially a go. The Swedish FinTech filed Tuesday (Sept. 2) with the Securities and Exchange Commission to list on the New York Stock Exchange, selling 34.3 million shares on a...
Cryptocurrency exchange Gemini aims to raise up to $316.7 million when it goes public. The company, headed by the billionaire Winklevoss twins, Cameron and Tyler, plans to market 16.7 million shares for $17 to $19 each in its initial public offering (IPO), it said in...
Revolut is reportedly allowing workers to sell their holdings at a $75 billion valuation. The most valuable FinTech in the United Kingdom informed staff members Monday (Sept. 1) that they will be permitted to sell up to 20% of their shares to make space for...
The second week of September reportedly could be one of the busiest for sizeable initial public offerings (IPOs) since late 2021. Six companies that filed for potential IPOs in August could begin marketing their listings at that time, Bloomberg reported Friday (Aug. 29). Those companies include digital...
The FinTech IPO Index posted a strong performance this past week, rising 6% as double-digit surges became commonplace for the platforms and digital upstarts that continued to report quarterly results. Earnings Reports Roll In nCino shares jumped 15.5%. In PYMNTS reporting on nCino’s results announced...