LONDON — Venture capital firm Molten Ventures PLC said Tuesday it invested 12.5 million pounds ($15.8 million) in energy analytics company Modo Energy and sold part of its stake in satellite operator ICEYE, generating about 17.5 million pounds ($22.1 million) in cash. The deals highlight the firm’s strategy of funding high-growth technology businesses and managing…
HAYWARD – Blue Current, Inc., a developer of silicon solid-state batteries, has secured more than $80 million in an extension of its Series D funding round, the company announced on Tuesday. The investment round was anchored by Amazon.com, Inc., with participation from existing investors Koch Disruptive Technologies, Piedmont Capital, Rusheen Capital Partners, and Allen & Company. The…
VANCOUVER – pH7 Technologies Inc., a pioneer in commercially scalable critical metal extraction solutions, today announced the initial closing of USD $25.6 million as part of its Series B financing round. The round was led by Fine Structure Ventures, with BHP Ventures joining as a key strategic investor. They were supported by Energy & Environment…
NEW YORK — Ostium Labs, the developer of a protocol enabling decentralized trading of perpetual swaps on traditional markets, announced Thursday it raised $24 million in new funding. The funding includes a $20 million Series A round co-led by General Catalyst and Jump Crypto, and a previously unannounced $4 million strategic round. It brings the…
LONDON – Mirror Security, a cybersecurity firm specializing in data protection for artificial intelligence platforms, has raised $2.5 million in pre-seed funding led by funds including one tied to London-listed investor Mindflair plc, it announced on Wednesday. The Dublin-based startup, simultaneously announcing a multi-million dollar strategic partnership with UAE AI leader Inception AI, said the funding…
FRANKFURT: Black Forest Labs, the creator of the popular FLUX image-generation models, said on Tuesday it raised $300 million in a Series B funding round led by AMP and Salesforce Ventures, vaulting the young company to a post-money valuation of $3.25 billion. The funding underscores fierce investor appetite for generative artificial intelligence firms that combine…
LONDON – B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, has made an investment in Sodalis Capital Limited, a newly formed insurance intermediary group focusing on UK and international underwriting, wholesale broking and related services. B.P. Marsh has invested £5,337,333 for Cumulative Preferred Shares representing approximately 26.67% of…
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…
SAN FRANCISCO – Tailor, a headless ERP platform for retail and ecommerce brands, announced the final close of its Series A funding round, bringing the total raised to $37 million as it plans to accelerate its expansion in the United States. The funding round saw participation from new investors, including i-nest capital, ALPHA, and funds…
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…
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…
NEW YORK – LineLeap, a platform that allows users to skip lines at bars and venues, said on Tuesday it closed a funding round that values the company at $200 million and has raised over $30 million in total capital. The round attracted strategic investors including Silicon Valley accelerator Y Combinator, music duo The Chainsmokers,…