MGX, a United Arab Emirates (UAE) state-backed technology investment company, is reportedly considering participating in a multibillion funding round for OpenAI. The fund has not determined the size of its potential investment, the Wall Street Journal (WSJ) reported Thursday (Sept. 12). OpenAI is seeking $6.5 billion in funding...
Illuma Labs has raised $9 million to speed the development of its voice verification tools. The company, which makes voice authentication technology for banking contact centers, announced its series A funding round in a news release Thursday (Sept. 12), saying it would help banks address...
Form3 completed a $60 million Series C extension and said it will use the new funding to develop new products and services and support the growth of its cloud-native account-to-account (A2A) platform in the United Kingdom, Europe and the United States. The company’s newest investor,...
Bounti has come out of stealth and announced it raised $16 million in seed funding for its artificial intelligence (AI) teammate platform for sales, marketing and customer success teams. The company’s platform is designed to perform repetitive, non-revenue generating work that would otherwise be done by these...
Brazilian investment firm Upload Ventures is reportedly upping its artificial intelligence (AI) investments while avoiding credit FinTechs. That’s according to a Bloomberg News interview Wednesday (Sept. 11) with Carlos Simonsen, co-founder and managing partner of the venture capital (VC) firm. “There are a lot of...
Financial services enabler Paymob raised another $22 million to expand its offering in its core market of Egypt and its newer markets in Gulf Cooperation Council (GCC) countries. The $22 million Series B extension round follows a $50 million initial Series B funding round in...
French embedded insurance startup Neat has raised 50 million euros (about $55 million). This total includes about 60% in equity and 40% in debt, TechCrunch reported Tuesday (Sept. 10). Neat helps retailers and other companies sell embedded insurance products to their customers, pays them a commission...
A top Citigroup banker reportedly said that a handful of tech companies are considering going public on U.S. exchanges before the end of the year and that they could benefit from demand for high-growth stocks. Paul Abrahimzadeh, co-head of equity capital markets for North America at...
Apollo Global Management and State Street are reportedly launching a private-public credit exchange traded fund. That’s according to a report Tuesday (Sept. 10) by the Financial Times (FT), which noted that this is the latest attempt by large investment firms to sell alternative assets to...
