OpenAI Secures $40 Billion Funding Led by SoftBank
OpenAI has announced a $40 billion funding round led by SoftBank, valuing the company at $300 billion. The funds will support AI research and infrastructure expansion.
Financial movements in the AI ecosystem, including venture capital investments, strategic acquisitions, IPO's and funding rounds for AI companies.
OpenAI has announced a $40 billion funding round led by SoftBank, valuing the company at $300 billion. The funds will support AI research and infrastructure expansion.
Chip startup Retym has raised $75 million to develop networking chips for AI data centers, according to Reuters. The funding is part of a $180 million total investment aimed at addressing connectivity bottlenecks.
DeepIP, a startup based in Paris and New York, has raised $15 million in Series A funding to advance its AI platform for patent drafting.
Veltris, backed by Trive Capital and BayLink Capital, has acquired BPK Technologies to enhance its digital and AI capabilities in the healthcare sector.
Isomorphic Labs, a spinout from DeepMind, has raised $600 million in its first external funding round led by Thrive Capital, with participation from Google Ventures and Alphabet.
Sohar Health has raised $3.8 million in seed funding led by Kindred Capital to improve AI-driven insurance verification processes, reducing delays and denials in healthcare.
Diffblue has received a £1 million grant from Innovate UK to enhance its AI-driven software engineering solutions, focusing on autonomous test code generation.
Ai4, a leading AI industry event in the U.S., has been acquired by CloserStill Media, as announced in a press release by JEGI CLARITY.
Chinese startup Manus AI is seeking a $500 million valuation in its latest funding round, aiming to attract significant investment from venture capital firms.
Elon Musk's AI company, xAI, has acquired the social media platform X in an all-stock transaction valued at $33 billion. The merger aims to integrate AI capabilities with X's extensive user base.
Workato has acquired DeepConverse, a generative AI support automation company, to integrate AI-powered search capabilities into its platform, announced in a press release.
OpenAI is close to finalizing a $40 billion funding round led by SoftBank, which would value the company at $300 billion, according to Bloomberg.
MemryX has raised $44 million in Series B funding to advance its Edge AI semiconductor solutions, including the MX3 Accelerator chip.
Straiker has emerged from stealth mode with $21 million in funding to launch its AI-native security platform, designed to protect enterprise AI applications and agents.
Chord Commerce has raised $5.5 million to expand its AI-powered Customer Data Platform, aimed at improving marketing efficiency for commerce brands.
NAVER D2SF has made an additional investment in MOVIN, a startup pioneering AI-based real-time motion capture technology using LiDAR sensors.
Manny Medina, founder of Outreach, has launched a new startup called Paid, which aims to help AI agents get paid through a novel platform. The company has raised €10 million in pre-seed funding.
Dyna Robotics has raised $23.5 million in a seed round to develop cost-effective embodied AI robots, focusing on tasks like folding and food preparation.
Arlo has announced $4 million in seed funding to enhance its AI-driven health insurance solutions for small businesses, with support from Upfront Ventures, 8VC, and General Catalyst.
Catio, the AI-powered Copilot for tech architecture, has raised $3 million to advance its platform and improve technology decision-making for enterprises.