LONDON – Eros Innovation, a global media and intellectual property company, announced on Thursday it has completed approximately $150 million in capital and strategic transactions to accelerate its transformation into an AI-driven entertainment platform. The deals include a $50 million primary investment led by Plenitude Capital and advised by Greenback Capital at the Dubai International…
PALO ALTO – Genspark, an artificial intelligence company, said on Friday it has raised $275 million in a Series B funding round that values the company at $1.25 billion, as it launches a new platform aimed at automating complex tasks for knowledge workers. The oversubscribed round was led by Emergence Capital, the Silicon Valley firm…
NEW YORK: Accenture (NYSE: ACN) has acquired RANGR Data, a U.S.-based certified Palantir partner with deep experience in driving scaled transformation through a client-centric approach. Terms of the transaction were not disclosed. The acquisition expands Accenture’s engineering talent and capabilities, further strengthening its position to drive enterprise reinvention for clients. RANGR helps organizations optimize operations…
WASHINGTON – U.S. artificial intelligence startup Luma AI said it has raised $900 million in a Series C funding round led by HUMAIN, a Saudi Arabian AI company owned by the Public Investment Fund (PIF), to develop advanced multimodal AI systems. The funding round, announced at the U.S.-Saudi Investment Forum, included significant participation from AMD Ventures…
SAN JOSE – Adobe Inc. said on Wednesday it has agreed to acquire search engine marketing platform Semrush Holdings Inc. for $1.9 billion in cash, a move aimed at bolstering its marketing tools for clients navigating the artificial intelligence era. The design and marketing software giant will pay $12 per share for Semrush, sending the target…
ALPHEN AAN DEN RIJN: Wolters Kluwer Legal & Regulatory has signed an agreement to acquire Libra Technology GmbH (Libra), a Berlin-based provider of AI technology for legal professionals, for up to €90 million, of which €30 million is an upfront payment with the balance being deferred consideration contingent upon reaching certain performance targets. Libra has…
SEATTLE: Marchex Inc. (NASDAQ: MCHX), a provider of AI-powered conversational intelligence, announced on Thursday it has entered into an agreement in principle to acquire Archenia, Inc., a performance-based customer acquisition company, in a deal structured to accelerate its push into AI-verified marketing outcomes. The proposed transaction, valued around $10 million upfront, will see Marchex pay…
NEW YORK: Artificial intelligence startup Cursor said on Thursday it has raised $2.3 billion in a funding round that values the company at $29.3 billion, a near-tripling of its valuation since June, as investor appetite for AI coding tools remains strong. The funding round included major technology investors such as Accel, Thrive Capital, Andreessen Horowitz,…
HOUSTON – CoLab, a provider of artificial intelligence software for engineering teams, said on Tuesday it raised $72 million in a Series C funding round led by Intrepid Growth Partners, as demand surges for AI that can capture expert knowledge and accelerate complex design decisions. The funding round affirms CoLab’s position in the competitive field of…
LOS ALTOS — Majestic Labs, an AI startup founded by veteran chip designers from Meta and Google, emerged from stealth mode Tuesday after raising $100 million to develop technology it claims will drastically reduce the cost and scale of data centers needed for advanced artificial intelligence. The company, with dual headquarters in Los Altos, California,…
In a high-stakes gamble that is reshaping the global economy, America’s technology giants are doubling down on artificial intelligence, signaling this week that their record-breaking investments are only accelerating. Despite rising concerns from Wall Street and central banks that the industry is inflating a dangerous bubble, Alphabet (Google), Meta, Microsoft, and Amazon are collectively planning…
Next era of Canva combines a supercharged Visual Suite, world-first design AI, and powerful tools to grow your brand SYDNEY — Canva, the visual communication platform, announced Thursday its most significant product evolution to date: the launch of a “Creative Operating System.” The move consolidates over a decade of the company’s innovations with a suite of…