Investment firm B. Riley is reportedly being scrutinized after recently warning of its biggest-ever quarterly loss. As Bloomberg News reported Wednesday (Aug. 21), retail investors are bearing the brunt of the company’s troubles. Based in Los Angeles, B. Riley bills itself as the leading firm when it comes to...
Blockchain startup Story raised $80 million in a Series B funding round. The San Francisco-based firm announced the financing Wednesday (Aug. 21) on social platform X, saying it would use the money to help it build a blockchain designed to prevent artificial intelligence companies from...
Bernard Arnault, founder and CEO of luxury goods company LVMH and the fourth-richest person in the world, has reportedly made several investments in artificial intelligence (AI) companies. Arnault’s family office, Aglaé Ventures, has made five AI-related investments in 2024, CNBC reported Monday (Aug. 19), citing...
Early-stage investment operation HIPstr has closed its $100 million debut fund. The company, launched by private equity executives David Moross and Mark Bezos — half-brother of Amazon founder Jeff — is an arm of HighPost Capital. “We launched HIPstr to capitalize on an attractive market...
Kiteworks has secured a $456 million growth equity investment to strengthen its market position in secure data transfer and collaboration. The investment came from Insight Partners and Sixth Street Growth, the company said in a Wednesday (Aug. 14) press release. “This minority stake investment affirms Kiteworks’ role in...
Banking technology firm Amount has raised $30 million to expand into the credit union sector. Amount announced the $30 million equity capital raise in a Thursday (Aug. 15) press release that also welcomed Curql, a collective of credit unions jointly investing in FinTech companies, as a new strategic...
Stablecoin-centric money transfer app Sling Money has raised $15 million in new funds. Sling’s app combines stablecoin technology “with a user-friendly interface” and integration with fiat payment systems for easier money movement, according to a Thursday (Aug. 15) news release. “With Sling Money, users can easily send money...
EliseAI, an artificial intelligence platform focusing on housing and healthcare, is valued at more than $1 billion after raising $75 million in a Series D round. “Essential industries like housing and healthcare are facing serious operational challenges and financial strain,” Minna Song, co-founder and CEO...
Consensus and its investors reportedly see an opportunity to use artificial intelligence (AI) to power a search engine focused on delivering information from scientific research papers to academics, students, doctors and average users who are interested in health issues. “Specialization is our moat,” Eric Olson,...
