Tag

Series B

All articles tagged with #series b

business2 months ago•2 min saved

Bezos-backed Prometheus bets $12B Series B on AI-driven industrial design

Bezos-backed Prometheus announced a $12 billion Series B at a $41 billion valuation to develop an 'artificial general engineer' aimed at speeding up pre-production and prototyping via industrial AI. The 150-employee startup is backed by major investors (JPMorgan, BlackRock, Goldman Sachs, DST Global, Arch Venture Partners) and Bezos himself, with no direct ties to Amazon or Blue Origin; details on training data, timing, and product rollout remain undisclosed, while the goal is to compress the dream-to-production cycle across industries.

via Axios|

#ai-startup #business #jeff-bezos

business3 months ago•4 min saved

Radar crosses unicorn threshold with $170M Series B for RFID-driven retail inventory

Radar, a RFID-based retail inventory startup backed by Jay Schottenstein, raised $170 million in a Series B led by Gideon Strategic Partners and Nimble Partners, valuing the company above $1 billion and expanding its deployments with retailers like American Eagle and Old Navy. The platform provides real-time in-store inventory visibility to reduce shrink and improve product availability, with reported gains in stock accuracy and lower order cancellation rates for buy-online-pickup-in-store.

via CNBC|

#business #inventory-management #radar

business3 months ago•0 min saved

Isomorphic Labs lands $2.1B Series B to accelerate AI-driven drug discovery

Isomorphic Labs closed a $2.1 billion Series B, cementing its leadership in AI-driven drug discovery and prompting questions about how the funds will be deployed, pipeline progress, and the broader implications for biotech and AI investment.

via Endpoints News|

#ai-biotech #business #drug-discovery

technology2 years ago•1 min saved

Elon Musk's xAI Secures $6B, Valued at $24B

Elon Musk's AI startup, xAI, has raised $6 billion in a Series B funding round, valuing the company at $24 billion. The funding round saw participation from major investors like Fidelity, Andreessen Horowitz, and Sequoia Capital. xAI's first major product is a large language model called Grok, which is integrated into the premium version of X (formerly Twitter). The company aims to develop advanced AI systems that are beneficial for humanity.

via Hollywood Reporter|

#ai-funding #elon-musk #grok

fintech3 years ago•6 min saved

Volt secures $60M+ in funding for open banking payments and infrastructure.

UK-based fintech Volt has raised $60m in a Series B funding round led by IVP, with participation from CommerzVentures, EQT Ventures, Augmentum Fintech and Fuel Ventures. The company, which integrates with 5,000 banks in the UK, Europe and Brazil, will use the funds to expand internationally and develop its product. Volt's services include online payments, payments by link and recurring payments. The company's gross margins on transactions are over 80%, according to CEO Tom Greenwood.

via TechCrunch|

#fintech #international-expansion #open-banking