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Funding

All articles tagged with #funding

Basecamp Research Raises $140M to Scale AI-Driven Biological Discovery

London-based AI startup Basecamp Research has secured a $140 million Series C funding round led by S32, with participation from Nvidia, Anthropic’s Anthology Fund, and the NATO Innovation Fund. The capital will support the expansion of its EDEN AI models, which analyze genetic data from diverse global ecosystems to design antibiotics and gene therapies. The company aims to move its six therapeutic candidates from lead optimization toward clinical trials, focusing on in vivo cell therapies and antimicrobial peptides.

via Endpoints News|

#ai #biotech #drug-discovery

politics19 days ago•6 min saved

Omar's Make ICE Pay Act Would Redirect $140B From Immigration Enforcement to Local Communities

Rep. Ilhan Omar introduced the Make ICE Pay Act to shift roughly $140 billion of ICE and Border Patrol funding away from federal immigration enforcement and toward local recovery efforts administered by HUD for three years, funding schools, healthcare, nonprofits, and other local needs. Conservatives decry the plan as un-American and an attempt to defund law enforcement, and its fate remains uncertain with Republicans in control of Congress.

via Fox News|

#dhs #funding #ice

education23 days ago•4 min saved

England schools secure £500m boost to fund teacher pay rise, defuse strikes

England's schools will receive around £500m in extra funding this school year to cover a 3.5% teachers' pay rise, funded by a 4.9 percentage-point reduction in Local Government Pension Scheme employer contributions that delivers savings on the support-staff pay bill and won’t be clawed back by central government. The money is aimed at averting an NEU strike ballot, with unions set to scrutinise the details and ballots expected Oct–Dec and potential strikes early next year.

via bbc.com|

#education #funding #teachers

politics23 days ago•3 min saved

Funding uncertainty puts UK Youth Parliament's future in jeopardy

The UK Youth Parliament faces possible closure as the government signals it will not commit funding beyond March 2027. DCMS funded it at about £453,000 in the last year, with roughly £2.4m public money spent on related youth initiatives since 2017, but a government review found only a quarter of young people know about it and some schools feel excluded. Officials say a new democracy-focused scheme, with emphasis on under-represented groups, is being designed, while supporters warn scrapping it would harm youth voice and democratic engagement.

via BBC|

#dcms #funding #parliament

business24 days ago•19 min saved

OpenAI Eyes $1.2T Funding Round Ahead of IPO

OpenAI is in early talks with investors about a funding round that could value the company at more than $1.2 trillion ahead of a potential IPO; timing remains uncertain, with CEO Sam Altman indicating the IPO likely won’t happen this year and could occur as late as 2027, while the round would let longtime backers increase exposure and could outpace rivals like Anthropic.

via Yahoo Finance|

#anthropic #business #funding

sports26 days ago•5 min saved

Kerr's kit moment sparks brands-vs-country funding row after Ultimate Championship win

Josh Kerr claimed Britain's first Ultimate Championship 1500m title in Budapest and deliberately covered the Nike logo on his GB kit, donning Brooks spikes to spotlight his personal sponsor amid debates over funding for national teams. The Ultimate Championship is a star-focused, high-prize event with no country medal table, highlighting how athletes' sponsorships and UK Sport funding intersect and potentially shaping future editions.

via BBC|

#funding #great-britain #josh-kerr

business28 days ago•2 min saved

Nvidia weighs up to $10B stake in Anthropic’s blockbuster IPO

Nvidia is reportedly considering investing up to $10 billion in Anthropic’s upcoming IPO, which could raise as much as $100 billion and value the AI firm at roughly $2 trillion, potentially making it one of the largest stock market debuts; Anthropic declined to comment and Nvidia did not respond, but the move would deepen their existing partnership and follows a trend of anchor investors in major listings.

via Mashable|

#ai #anthropic #business

business1 month ago•20 min saved

Boring Company bags $3B in Series D to scale UAE underground network

Elon Musk’s The Boring Company raised $3 billion in a Series D led by UAE-based investors, valuing the company at about $23 billion. The funds will accelerate a broad UAE infrastructure push—including 150+ kilometers of tunnels—while continuing projects like the Vegas Loop and Nashville’s Music City Loop.

via finance.yahoo.com|

#business #elon-musk #funding

health1 month ago•388 min saved

Funds pour in, but Ebola outbreak still outpaces containment in the DRC

Despite hundreds of millions in U.S. funding ($512 million for outbreak response and $350 million for humanitarian aid), PPE availability has stabilized and health centers are expanding, yet Ebola deaths in the Democratic Republic of the Congo continue to rise as containment lags and vaccine trials proceed, illustrating a catch‑up effort that has struggled to curb the outbreak.

via NBC News|

#democratic-republic-of-the-congo #ebola #funding

technology1 month ago•3 min saved

Samsung leads €3B funding for Mistral to push Europe’s open-weight AI push

Mistral AI raised €3 billion in a funding round led by Samsung, valuing the Paris-based startup at over €21 billion post-money. The Round also included the Scaleup Europe Fund and PSG Equity. The cash will fund more data-center capacity and the development of larger, open-weight AI models, as Mistral positions itself as a European alternative to OpenAI and Anthropic and pursues enterprise-focused, customizable tools and partnerships (e.g., with ASML and Samsung).

via CNBC|

#funding #mistral-ai #open-weight-models

technology1 month ago•5 min saved

Stoke Space secures $1B boost to push Nova toward orbit

Stoke Space disclosed a $1 billion Series E, lifting total funding to about $2.3 billion, to accelerate development of the Nova rocket and a larger Block 2 variant that could lift ~15 metric tons to low-Earth orbit in a fully reusable configuration; Pathfinder's first stage uses seven Zenith engines and a 24-thruster upper stage, with testing moving to Cape Canaveral and Moses Lake before an early-2027 Nova launch and a 2029 Block 2 debut.

via Ars Technica|

#block-2 #funding #nova-rocket

politics1 month ago•64 min saved

Social Security cash crunch nudges some GOP lawmakers toward tax hikes

With the Social Security trust fund projected to run dry in 2032 and looming benefit cuts in the years ahead, a handful of Republicans are open to tax-based fixes, including removing the payroll tax cap so high earners pay more. The idea, pushed by Sen. Bernie Moreno (R-Ohio) with Sen. Elizabeth Warren (D), is gaining traction among a few GOP lawmakers like Rep. Tom Cole, while GOP orthodoxy remains wary of new taxes. Analysts say uncapping the payroll tax could cover a substantial portion of the shortfall, though Democrats and some Republicans favor a mix of revenue and spending reforms, such as means-testing benefits or broader tax changes. The debate echoes past bipartisan efforts and warns of the consequences if Congress does nothing: the trust fund could deplete, triggering cuts to benefits unless a fix is enacted.

via yahoo.com|

#cap #funding #payroll-tax

business1 month ago•5 min saved

Dont Nod warns it could run out of funds by January 2027 amid restructuring

Dont Nod warns there is material uncertainty about its ability to operate beyond January 31, 2027 without additional external financing, as H1 2026 cash and revenue deteriorate (cash down to $9.3m, revenue down 56%). The company is restructuring to focus on France with a potential cut of up to 90 jobs, following earlier auditor warnings of possible cash exhaustion and prior layoffs.

via GamesIndustry.biz|

#business #cash-flow #dont-nod-entertainment

world1 month ago•3 min saved

EU pledges €200m to Greenland to strengthen Arctic ties as Trump eyes the territory

The European Commission announced a €200 million funding package for Greenland focused on connectivity, clean energy, and critical raw materials to deepen EU-Greenland Arctic ties, signaling unity amid Donald Trump’s push to gain control of the territory; Denmark says it will pursue closer security and defense cooperation with both the US and Europe in the Arctic.

via CNBC|

#arctic #denmark #eu-greenland-relations

transportation1 month ago•2 min saved

Atlanta Beltline Unveils $3.5B Light-Rail Plan Aiming for 4.2M Riders

Atlanta Beltline officials released final recommendations for a $3.5 billion light-rail system along the Beltline corridor, designating the CSX alignment as the northwest route for faster trips and direct access to Piedmont Hospital. The plan envisions 13 stations across the southwest and southeast corridors, three bi-directional routes with 20-minute headways operating roughly 6 a.m.–12:30 a.m., and projects about 4.2 million annual riders. The study also includes a potential MARTA heavy-rail infill at Murphy Crossing and notes that funding and further planning are needed, with public feedback due by Nov. 3.

via WSB-TV|

#atlanta #beltline #funding