Video AI firm Runway has reportedly been valued at $3 billion after raising $308 million. The deal is set to be announced Thursday (April 3), Bloomberg News reported, citing sources familiar with the matter. The report noted that Runway set off a frenzy around artificial...
Digital finance platform Plaid says it has raised $575 million in new funding. The financing, announced in a Thursday (April 3) blog post, follows a year in which the company marked what it calls a “meaningful expansion” of its product suite. “Plaid has evolved from a business solely focused...
Actively AI has reportedly raised $22.5 million to develop its AI-powered sales reps. Speaking with TechCrunch Wednesday (April 2), company Co-founder Anshul Gupta argued that classic versions of artificial intelligence (AI) sales reps had “failed” by concentrating too heavily on “pure volume,” or contacting as many leads as possible. Actively...
Andreessen Horowitz is reportedly in talks to invest in TikTok as part of a bid by Oracle and other American investors that has emerged as the frontrunner among those aiming to acquire the social media app from its Chinese owner. The venture capital firm is...
Artificial intelligence (AI)-infused blockchain Ambient has raised $74 million in new funding. That financing, CoinDesk reported Tuesday (April 1), will help the company develop a blockchain that is “ultimately designed as a replacement for Bitcoin,” as co-founder Travis Good put it. The report notes that while that claim may sound far-fetched,...
Yutori, an artificial intelligence (AI) startup founded by Meta veterans, has raised $15 million. The new funding round, announced Thursday (March 27), accompanies the company’s emergence from stealth and will help Yutori develop personalized AI assistants that it says can automate day-to-day tasks. “Today’s frontier AI models...
OpenAI is reportedly close to finalizing what would be the largest funding round of all time. That $40 billion round is being led by Japanese conglomerate SoftBank, with other venture capital groups in talks to participate, Bloomberg News reported Wednesday (March 26), citing sources familiar with the matter. The...
Robinhood has launched a wealth management service targeting its less-wealthy clients. The financial services company on Thursday (March 27) unveiled “Robinhood Strategies,” a wealth management service for its premium “Gold” customers. The service comes with a 0.25% annual fee, capped at $250. The company is...
Tabit Insurance has announced the capitalization of its $40 million insurance facility. The fundraise, announced Monday (March 24), was provided entirely in bitcoin, which Tabit says is an industry first. “The company’s regulators and auditors can verify the funding in real time, marking a distinctive...
