Fundraising

SMB-focused Finom closes €115M as European fintech heats up

Fundraising /

While funding may be scarce for some, Europe’s fastest-growing startups still have their pick. The latest beneficiary of that investor appetite is Finom, a five-year-old, Amsterdam-based challenger bank that targets small and medium-size businesses across Europe. The company, which claims to have doubled its revenue in 2024, just closed a €115 million Series C equity […]

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Mira Murati’s Thinking Machines Lab closes on $2B at $10B valuation

Fundraising /

Thinking Machines Lab, the secretive AI startup founded by OpenAI’s former chief technology officer Mira Murati, has closed a $2 billion seed round, according to The Financial Times. The deal values the six-month-old startup at $10 billion.  The company’s work remains unclear. The startup has leveraged Murati’s reputation and other high-profile AI researchers who have

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Nvidia wants in on the nuclear renaissance, invests in Bill Gates-backed TerraPower

Fundraising /

TerraPower, the nuclear startup founded and backed by Bill Gates, announced a new $650 million funding round this week. The investment will help the company build its first commercial power plant. Like other nuclear startups, TerraPower has been riding a wave of interest from hyperscalers, data center developers, and, now, chip designers. Nvidia’s venture arm,

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Nvidia’s AI empire: A look at its top startup investments

Fundraising /

No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT over two years ago — and the many competitive generative AI services that have launched since. And its stock price soared.  During that period, the world’s leading high-performance GPU maker

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Applied Intuition raises $600 million as it pushes further into defense

Fundraising /

Buzzy autonomous vehicle software company Applied Intuition has closed a $600 million Series F funding round, pushing its valuation up to $15 billion. The round was co-led by BlackRock-managed funds and Kleiner Perkins, and included new investments from the Qatar Investment Authority, Abu Dhabi Investment Council, Greycroft, and more. Existing investors General Catalyst, Lux, Elad

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