AI funding

Sereact Raises $26 Million for AI Warehouse Robotics Efforts

Sereact Raises $26 Million for AI Warehouse Robotics Efforts
Sereact Raises $26 Million for AI Warehouse Robotics Efforts
January 20, 2025  |  Artificial Intelligence

German tech company Sereact has raised $26 million for its AI-powered robotics efforts. The company’s Series A round, announced Monday (Jan. 20), will allow Sereact...

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VC Investors Shrink as Money Goes to Big Tech Startups
VC Investors Shrink as Money Goes to Big Tech Startups
January 02, 2025  |  Investments

The number of active U.S. venture capital (VC) investors has reportedly fallen since 2021. That was a peak year for the VC world, but as the Financial...

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OpenAI Board Considering Transforming For-Profit Into Delaware Public Benefit Corporation
OpenAI Board Considering Transforming For-Profit Into Delaware Public Benefit Corporation
December 27, 2024  |  Artificial Intelligence

OpenAI’s board of directors plans to transform the organization’s for-profit arm into a Delaware Public Benefit Corporation (PBC) in order to raise the capital it needs...

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Report: Databricks Close to Raising Record $9.5 Billion Amid AI Boom
Report: Databricks Close to Raising Record $9.5 Billion Amid AI Boom
December 13, 2024  |  Investments

Databricks reportedly is close to raising $9.5 billion in a funding round, a feat that would create one of the largest-ever venture capital funding rounds....

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Nvidia Helps Cloud Computing Firm Nebius Raise $700 Million
Nvidia Helps Cloud Computing Firm Nebius Raise $700 Million
December 02, 2024  |  Investments

Dutch cloud computing company Nebius has reportedly raised $700 million from investors including Nvidia. The company, which rebranded from Russian internet company Yandex, has sold...

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Nvidia Challenger Tenstorrent Gets $700 Million to Bolster AI Tech
Nvidia Challenger Tenstorrent Gets $700 Million to Bolster AI Tech
December 02, 2024  |  Investments

AI chip startup Tenstorrent has reportedly raised $700 million in its quest to challenge Nvidia. The investment — from Amazon founder Jeff Bezos and Samsung — values...

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Banks and Private Finance Seek Slices of $1 Trillion AI Pie
Banks and Private Finance Seek Slices of $1 Trillion AI Pie
November 18, 2024  |  Artificial Intelligence

Big banks and private finance groups are both chasing the artificial intelligence (AI) craze. But for at least one of those Wall Street banking giants...

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Healthcare Call Firm Infinitus Systems and Content Marketplace TollBit Net AI Funding
Healthcare Call Firm Infinitus Systems and Content Marketplace TollBit Net AI Funding
October 24, 2024  |  Artificial Intelligence

In a flurry of funding announcements, Infinitus Systems secured $51.5 million to automate healthcare calls, TollBit raised $24 million to help publishers monetize artificial intelligence...

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