Fundraising

Lightmatter’s $400M round has AI hyperscalers hyped for photonic datacenters

Fundraising /

Photonic computing startup Lightmatter has raised $400 million to blow one of modern datacenters’ bottlenecks wide open. The company’s optical interconnect layer allows hundreds of GPUs to work synchronously, streamlining the costly and complex job of training and running AI models. The growth of AI and its correspondingly immense compute requirements have supercharged the datacenter […]

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Monogoto, an innovator in ‘connectivity as a service’, raises $27M

Fundraising /

Connectivity and connected networks are part and parcel of how many devices and services operate today, thanks to innovations and expansions in mobile networks, on-device processing and the cloud. But behind the scenes, there remains a lot of fragmentation: different regions, technologies, tariffs and devices can spell a lot of work for enterprises or service providers

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European cyber insurance startup Stoïk secures $27 million

Fundraising /

Cyber risk has become an increasingly important issue for small companies around the world. While many companies try to avoid and mitigate cyber risks, they rarely discuss transferring those risks to a third party. That’s why Stoïk is stepping in with a cyber insurance product specifically designed for small and medium-sized businesses. The French startup

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Aerleum plans to turn CO2 directly into fuel for cargo ships and, eventually, airplanes

Fundraising /

It only took four phone calls for Sébastien Fiedorow to quit his job as a venture capitalist. The first one came from Marble, a startup studio based in Paris. They had a scientist looking for help founding a company that would remove carbon dioxide directly from the atmosphere — what experts call direct air capture, or

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Khosla Ventures just backed OpenAI with $405M more, but not necessarily with its own capital

Fundraising /

Khosla Ventures has raised $405 million for OpenAI, according to a regulatory filing. Based on the filing alone, Khosla’s stake in the ChatGPT maker appears to be at least 6% of the $6.6 billion round the company closed last week. But that doesn’t mean Khosla has put substantial or any capital into the round. The

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Fearless Fund has made a big deal since settling its controversial lawsuit

Fundraising /

Fearless Fund has made a big move since it settled a lawsuit with the American Alliance for Equal Rights (AAER).  The firm announced on Thursday a seven-figure investment into the e-commerce platform Zimi, co-founded by Audrey Djiya and Peter Nsaka. Zimi offers inventory management, handling and storage, and border logistics specifically to help businesses in

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HubSpot acquires Cacheflow, a platform that helps close software sales

Fundraising /

HubSpot has acquired Cacheflow, a startup building tools for the software sales closing process, for an undisclosed amount. HubSpot CEO Yamini Rangan says that Cacheflow — which will become a wholly-owned subsidiary of HubSpot once the deal closes — will expand HubSpot’s Commerce Hub suite of subscription billing management and configure, price, and quote tools

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Relyance lands $32M to help companies comply with data regulations

Fundraising /

As the demand for AI surges, AI vendors are devoting greater bandwidth to data security issues. Not only are they being compelled to comply with emerging data privacy regulations (e.g. the EU Data Act), but they’re finding themselves under the microscope of clients skeptical about how their data is being used and processed. The trouble

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