Startup-focused bank Erebor is reportedly close to netting $1.5 billion in new funding. The lender, founded with the goal of filling the void left by Silicon Valley Bank’s implosion, is in discussions to raise financing at an $8 billion pre-money valuation, the Financial Times (FT) reported Monday (Aug. 10), citing...
Legal artificial intelligence (AI) startup Harvey is in talks to raise $500 million at a $15.5 billion valuation, including the investment, The Information reported Friday (Aug. 7), citing an unnamed source. The reported valuation would be up from the $11 billion valuation Harvey achieved in a March funding round in...
Whatnot raised $545 million in a Series G funding round to grow its live commerce platform, the company said in a Friday (Aug. 7) press release emailed to PYMNTS. The round increased Whatnot’s valuation to $20 billion, up from the $11.5 billion valuation the company...
Behavior intelligence company Malachyte has closed a $10 million seed funding round. The company was co-founded by the team behind the behavioral intelligence infrastructure that powers the bulk of Spotify’s recommendations and aims to bring the same technology to retail and eCommerce brands, Malachyte said in a Thursday...
Y Combinator is a startup accelerator whose alumni include DoorDash, Instacart and Airbnb. Now, trading platform Robinhood says it wants to give retail investors a chance to back that organization’s future graduates as it announced Robinhood Ventures Fund II (RVII), the second fund from Robinhood...
Maximum emerged from stealth Monday (Aug. 3) and said it raised $30 million in a seed round to build an artificial intelligence (AI)-native operating system for banks. Maximum Founder Randy Fernando previously founded the FinTech companies Vault and Power and sold Vault to Acorns in...
Polymarket reportedly hopes to raise funds at a valuation north of $20 billion. The prediction markets company is in early discussions with prospective investors to raise about $1 billion, Bloomberg News reported Tuesday (Aug. 4), citing sources familiar with the matter. Assuming the round closes,...
Horizon3 raised $250 million in a Series E funding round to continue growing its NodeZero platform that uses artificial intelligence to defend against AI-driven cyberattacks. The round tripled Horizon3’s valuation to over $2 billion, up from the $650 million valuation it achieved about a year...
Venture capital group Index Ventures has raised $2 billion, giving it $3.5 billion in total capital. Index said the new funding, announced last week, will let it back founders at a range of growth stages, highlighting opportunities in the artificial intelligence (AI) space. “AI is...