Fundraising

Solve Intelligence raises fresh $12M to bring AI to IP, patent workflows

Legal tech has come a long way, but the bulk of an intellectual property or patent lawyer’s work today is still done with spreadsheets, word processors and PDFs. A startup out of Delaware, Solve Intelligence, is using generative AI to speed up that work, believing its tech is uniquely suited to the needs of patent […]

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Blackbird gobbles up $50M for its blockchain-based payment-loyalty app for restaurants

A founder who has carved out a name for himself building products to help restaurants connect better with would-be diners has raised $50 million for his latest startup: a new take on the idea of customer loyalty.  Blackbird Labs has built a payments-meets-loyalty-meets-blockchain platform for restaurants to grow repeat business while reducing some of the

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Turkey’s Sipay raises $78M to expand its Stripe-like services into emerging markets

Billing itself as “Stripe for emerging markets,” Turkish Fintech Sipay has raised a $78 million Series B funding round, claiming a valuation of $875 million in the process. This round is significant, as Sipay plans to expand into markets outside of Turkey, offering additional services like remittances that Stripe currently does not offer in those

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IBM acquires Hakkoda to continue its AI consultancy investment push

IBM on Monday said it has acquired Hakkoda, a data and AI consultancy based in New York. The acquisition would “further expand” IBM’s ability to bring consultants and AI to clients, particularly customers in industries like financial services, public sector, and healthcare and life sciences, said Mohamad Ali, SVP and head of IBM’s consulting business,

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OpenAI reportedly mulls buying Jony Ive and Sam Altman’s AI hardware startup

OpenAI is said to have discussed acquiring the AI hardware startup that former Apple design lead Jony Ive is building with OpenAI CEO Sam Altman. According to The Information, OpenAI could pay around $500 million for the fledgling company, called io Products. Ive, who left Apple in 2019 to start his own design firm called

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Grace raises €5.9 million seed to offer insurance to luxury goods

Grace, an insurance company for luxury goods, announced a $6.4 million (€5.9 million) seed round led by FinTechCollective and Speedinvest.  Grace, an insurance company for luxury goods, works with luxury brands to protect purchased consumer goods. If an item is stolen or damaged, a consumer can create a claim through the Grace app. For the

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Fourier is making hydrogen electrolyzers inspired by data centers

Despite being the most abundant element in the universe, making cheap, clean hydrogen here on Earth has been a surprisingly tough nut to crack. “Hydrogen has always been plagued with a couple problems, One is, how do you make it efficiently? Another one is, how do you distribute it efficiently?” Siva Yellamraju, co-founder and CEO

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