Databricks has seen its valuation more than double in 13 months to $134 billion. The data analytics/artificial intelligence (AI) company announced that valuation Monday (Feb. 7) along with $7 billion in new investments: $5 billion of equity financing and roughly $2 billion of additional debt...
Crypto venture capital funds are shifting their focus to other opportunities, including stablecoin infrastructure, prediction markets, FinTech and artificial intelligence, Bloomberg reported Monday (Feb. 9). This change is being driven in part by a drop in digital asset prices that has seen bitcoin lose nearly...
The Middle East is proving itself as fertile ground for FinTech investment and innovation. The region combines high smartphone penetration, young demographics and state-backed modernization of payment rails. Governments across the Gulf have treated digital channels and faster money movement as economic infrastructure. As a...
Banks are reportedly shortening the marketing period for European-based initial public offerings (IPOs). This change to the IPO space comes amid ongoing upheaval in global equity markets during President Donald Trump’s first year back in office, the Financial Times (FT) reported Sunday (Feb. 8). The...
Cryptocurrency-focused bank Anchorage Digital says it has received a $100 investment from stablecoin issuer Tether. The investment, announced Thursday (Feb. 4), follows collaborations between the two companies, as Anchorage is Tether’s U.S. stablecoin issuer, and values the bank at $4.2 billion. “This moment reflects years of deliberate execution. Tether’s investment...
Goodfire has raised $150 million to continue its research into understanding artificial intelligence (AI) models. The company’s Series B funding round, announced Thursday (Feb. 5), values Goodfire at $1.25 billion, and comes as the startup continues its efforts in the field of interpretability. As Goodfire...
Blockchain analytics firm TRM Labs secured $70 million in a Series C funding round, propelling the company to a $1 billion valuation, according to a Wednesday (Feb. 4) press release. The company, which is building artificial intelligence to fight criminal networks and national security threats,...
Resolve AI raised $125 million in a Series A funding round to scale its artificial intelligence (AI) agents that help engineers debug and run production, or software that is in use. The round brings the company’s total funding to over $150 million and its valuation to $1...
Artificial intelligence (AI) voice technology company ElevenLabs has closed a $500 million Series D funding round, boosting its valuation to approximately $11 billion, according to a Wednesday (Feb. 4) press release. The funding round was led by Sequoia Capital, with participation from Andreessen Horowitz and...