PYMNTS-MonitorEdge-May-2024

funding

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company.

Source: en.wikipedia.org

Amazon Increases Total Investment in AI Startup Anthropic to $8 Billion
Amazon Increases Total Investment in AI Startup Anthropic to $8 Billion
November 22, 2024  |  Investments

Amazon and Anthropic announced an expanded partnership that includes Amazon investing another $4 billion in the artificial intelligence company and Anthropic making Amazon Web Services...

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FinTech IPO Index Surges 3.8% as Lemonade, Affirm Lead the Pack
FinTech IPO Index Surges 3.8% as Lemonade, Affirm Lead the Pack
November 22, 2024  |  Fintech Investments

The FinTech IPO Index was 3.8% higher this past week, as Lemonade and Affirm were at the forefront of gainers, up a respective 58.5% and...

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Lightning AI Raises $50 Million for PyTorch Artificial Intelligence Framework
Lightning AI Raises $50 Million for PyTorch Artificial Intelligence Framework
November 21, 2024  |  News

Artificial intelligence (AI) development platform Lightning AI has obtained a $50 million equity investment. The company, maker of the PyTorch Lightning open AI framework, announced...

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Uber Reportedly Investing in Autonomous Driving Firm Pony.ai
Uber Reportedly Investing in Autonomous Driving Firm Pony.ai
November 21, 2024  |  Investments

When autonomous driving firm Pony.ai goes public, Uber reportedly plans to invest. The ride hailing/food delivery company intends to purchase more than $10 million worth of shares in Pony.ai’s...

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CellPoint Raises $30 Million for Travel Sector Payment Orchestration
CellPoint Raises $30 Million for Travel Sector Payment Orchestration
November 21, 2024  |  Investments

Travel-industry-focused payment orchestration firm CellPoint Digital has raised $30 million in new funding. The financing, from Toscafund and Penta Capital, will help speed the launch of CellPoint’s Offer Order...

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Report: Elon Musk’s xAI Raises $5 Billion and Doubles Valuation
Report: Elon Musk’s xAI Raises $5 Billion and Doubles Valuation
November 20, 2024  |  News

Elon Musk’s artificial intelligence (AI) startup xAI reportedly raised $5 billion in a funding round, valuing the company at $50 billion. The new financing brings the...

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Class8 Raises $22 Million for AI-Powered Logistics Solutions for Fleets
Class8 Raises $22 Million for AI-Powered Logistics Solutions for Fleets
November 19, 2024  |  News

Class8, formerly known as FleetOps, has raised $22 million in a Series A funding round to promote its original equipment manufacturer (OEM)-integrated, artificial intelligence (AI)-powered logistics...

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Thrive Capital Reportedly Weighing $1 Billion Databricks Stake
Thrive Capital Reportedly Weighing $1 Billion Databricks Stake
November 14, 2024  |  Investments

Thrive Capital is reportedly in discussions to invest $1 billion in analytics software maker Databricks. This deal would value the company around $55 billion, Bloomberg News reported Thursday (Nov....

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Private Equity Activity in Tech Sector Picks Up Amid VC Pressure
Private Equity Activity in Tech Sector Picks Up Amid VC Pressure
November 13, 2024  |  Markets

Times are reportedly tough for the world of venture capital (VC) and tech startups. As the Wall Street Journal (WSJ) reported Wednesday (Nov. 13), investors are seeking...

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