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

Fleek Raises $20 Million to Expand Secondhand Apparel Platform
Fleek Raises $20 Million to Expand Secondhand Apparel Platform
November 12, 2024  |  Investments

London-based startup Fleek reportedly raised $20.4 million to expand its secondhand clothing platform. Fleek works with roughly 10,000 resellers and retailers in 70 countries, moving...

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Shopify, Amazon and Google Heat Up AI Retail Race
Shopify, Amazon and Google Heat Up AI Retail Race
November 08, 2024  |  Artificial Intelligence

Tech players are positioning themselves in artificial intelligence-powered retail, with Coveo adding personalization tools to Shopify Plus stores and Amazon founder Jeff Bezos investing $400...

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Visa Invests in Four African FinTech Startups From Accelerator Program
Visa Invests in Four African FinTech Startups From Accelerator Program
November 06, 2024  |  VISA

Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s...

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AI Startup Lands $400 Million to Make Robots Handle Objects More Like Humans
AI Startup Lands $400 Million to Make Robots Handle Objects More Like Humans
November 06, 2024  |  artificial intelligence

With a fresh infusion of $400 million from Jeff Bezos and other investors, startup Physical Intelligence aims to give robots a human’s delicate touch, promising...

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Physical Intelligence Raises $400 Million to Develop Robot Software
Physical Intelligence Raises $400 Million to Develop Robot Software
November 04, 2024  |  Investments

Robotics startup Physical Intelligence has reportedly raised $400 million in early-stage funding. The funding round, which included participation from Amazon founder Jeff Bezos and OpenAI, values the...

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Melio to Grow AP/AR Platform With $150 Million Fundraise
Melio to Grow AP/AR Platform With $150 Million Fundraise
November 01, 2024  |  Investments

Melio raised $150 million in a Series E funding round to fuel the growth of its accounts payable (AP) and accounts receivable (AR) platform by...

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Airwallex Reportedly Targets $6 Billion Valuation in New Funding Round
Airwallex Reportedly Targets $6 Billion Valuation in New Funding Round
October 30, 2024  |  Investments

Payments platform Airwallex is reportedly in discussions to raise $200 million. The Singapore-based company aims to close the funding round at the end of the...

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Report: xAI Aims to Raise ‘Several Billion Dollars’
Report: xAI Aims to Raise ‘Several Billion Dollars’
October 29, 2024  |  artificial intelligence

Elon Musk’s xAI reportedly aims to raise “several billion dollars” in a funding round that would value it around $40 billion. The funding discussions are...

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AI Medical Tools Show Promise as Health Tech Markets Rally
AI Medical Tools Show Promise as Health Tech Markets Rally
October 29, 2024  |  artificial intelligence

Wayne State scientists are developing artificial intelligence models to cut costs in complex drug design, while Stanford research reveals ChatGPT-4 achieving 92% medical diagnostic accuracy...

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