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...
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...