Overhaul secured $105 million in Series C equity funding and closed on a new debt facility to accelerate the development of its in-transit supply chain risk management platform. The platform provides real-time monitoring, predictive intelligence and immediate response capabilities to protect cargo from theft, damage...
Japanese conglomerate SoftBank is making a $2 billion investment into chipmaker Intel. The companies say the new arrangement, announced Monday (Aug. 18), represents a commitment to investing in advanced technology and semiconductor innovation in the U.S. “Semiconductors are the foundation of every industry,” Masayoshi Son,...
Data analytics firm Databricks is reportedly hoping to become a $100 billion company. The business is finalizing a funding round that would give it that valuation, The Wall Street Journal reported Tuesday (Aug. 19), citing unnamed sources. Venture capital firm Thrive Capital is expected to...
The modernization of transportation isn’t just about the shiny new buses or autonomous pilot. The transformation of public systems that ferry millions of individuals across towns and cities lies with the plumbing that fuses digital scheduling with fare payments, letting agencies knit together subsidies, eligibility...
The FinTech IPO Index surged by 4.4% this past week, borne aloft by huge gains in a few names, and double-digit swings across several Index components were commonplace. Earnings continued to roll in through the past five sessions. Opendoor Technologies roared ahead by more than...
Global FinTech company FIS has launched a solution designed to help financial institutions and fund managers serve investors. The new FIS Investor Service Suite is designed to help users optimize customer onboarding and investor screening, automate the investor servicing lifecycle, improve operational efficiency and meet regulatory obligations,...
Mesh secured additional investments to accelerate the growth of its global cryptocurrency payments network. The new funding brings the company’s total capital funding to more than $130 million, according to a Thursday (Aug. 14) press release. “Mesh is uniquely positioned to enable broad usability by...
In the artificial intelligence (AI) model race, news headlines usually congregate around the competition among OpenAI, Google, Anthropic, DeepSeek and xAI. But there are many more startups developing frontier AI models beyond the favored five. Cohere is one of them. On Thursday (Aug. 14), the...
Shares of cryptocurrency exchange Bullish reportedly ended the day of their initial public offering (IPO) 83% higher than the company’s target price. Bullish shares were priced at $37, leapt as high as $118 Wednesday (Aug. 13) after the company began trading on the New York Stock...