DataCrunch Secures $64.6M to Expand AI Cloud Infrastructure
DataCrunch has raised $64.6 million in Series A funding to scale its AI cloud platform and plans to develop an AI gigafactory in Latvia.
Financial movements in the AI ecosystem, including venture capital investments, strategic acquisitions, IPO's and funding rounds for AI companies.
DataCrunch has raised $64.6 million in Series A funding to scale its AI cloud platform and plans to develop an AI gigafactory in Latvia.
Adaptive Security has received a follow-on investment from the OpenAI Startup Fund, increasing its Series A funding to $55 million, as announced in a press release.
EcoDataCenter has obtained $703 million in debt financing from Deutsche Bank to expand its AI data centers in Sweden, focusing on sites in Falun and Borlänge.
Higgsfield has announced a $50 million Series A funding round to advance its AI-native video reasoning engine, led by GFT Ventures.
Cassidy has raised $10 million in Series A funding led by HOF Capital to expand its AI automation platform for non-technical teams.
Mercor, an AI training startup, is in discussions for a Series C funding round, aiming for a valuation exceeding $10 billion, with a $450 million annual revenue run rate.
Nuclearn has raised $10.5 million to enhance AI-driven automation in nuclear reactor operations, according to TechCrunch. The funding aims to modernize reactor operations and improve efficiency.
ElevenLabs is allowing employees to sell shares in a $100 million tender offer, valuing the company at $6.6 billion, double its previous valuation.
Public has acquired the retail brokerage accounts of Tornado, an AI platform for financial institutions, as announced in a press release. Over 85,000 Tornado customers will transition to Public's active trading platform.
JVP has closed a $290 million continuation vehicle in partnership with TPG to support Earnix's AI-driven platform expansion in the insurance industry, according to a press release.
Meta Platforms has secured $26 billion in debt funding for its Hyperion AI data center in Louisiana, utilizing a joint venture and a residual value guarantee to protect investors.
Alibaba Cloud has led a $100 million investment in Chinese humanoid robot startup X Square Robot, with participation from HongShan and Meituan, according to CNBC.
Baseten has raised $150 million in a Series D funding round, nearly tripling its valuation to $2.15 billion, as announced in a press release. The funds will be used to enhance its AI inference platform and expand its team.
Koah has raised $5 million in seed funding to introduce advertising into AI applications, aiming to provide a sustainable monetization model for developers, according to TechCrunch.
ProRata has closed a $40 million Series B financing round led by Touring Capital and launched Gist Answers, an AI-as-a-service solution for publishers.
Isotopes, co-founded by Hadoop creator Arun Murthy, has raised $20 million to enhance enterprise data access with its AI agent, Aidnn, according to TechCrunch.
EverTrue has acquired DonorSearch to integrate AI-powered donor discovery with its engagement tools, enhancing fundraising capabilities.
Anthropic has announced a policy to bar Chinese-owned entities from accessing its AI services, citing security concerns.
Dyna Robotics is considering investment offers valuing the company at $600 million, just nine months after its $23.5 million seed round, according to The Information.
Sierra Technologies Inc., an AI startup, is close to securing $350 million in funding, valuing the company at $10 billion. The round is led by Greenoaks Capital.