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

CargoSense Raises $8 Million to Enhance Supply Chain Automation
CargoSense Raises $8 Million to Enhance Supply Chain Automation
June 12, 2024  |  Investments

Supply chain automation firm CargoSense has raised $8 million in new funding. The Series A round was led by Lanza techVentures and included participation from Merck Global Health Innovation Fund (MGHIF),...

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Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet
Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet
June 12, 2024  |  Investments

Blockchain tech company Squad Labs has raised $10 million in new funding. The Series A round was led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D,...

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Light Raises $13 Million to Scale AI-Powered General Ledger
Light Raises $13 Million to Scale AI-Powered General Ledger
June 12, 2024  |  Investments

Light has come out of stealth and announced a $13 million financing round to scale its artificial intelligence (AI)-powered general ledger for multinational companies. With...

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Mistral’s $640 Million Funding Round Fuels Europe’s AI Ambitions
Mistral’s $640 Million Funding Round Fuels Europe’s AI Ambitions
June 12, 2024  |  Artificial Intelligence

Mistral AI, a Paris-based artificial intelligence startup, raised $640 million in a Series B funding round led by General Catalyst, propelling its valuation to $6...

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TymeBank Raising $150 Million as It Prepares for IPO
TymeBank Raising $150 Million as It Prepares for IPO
June 12, 2024  |  IPO

The CEO of South Africa’s TymeBank says the company is raising $150 million. “We are currently valued at close to $1 billion and busy with...

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Hawk Adds New Funding Amid Demand for AI-Powered Crime Fighting
Hawk Adds New Funding Amid Demand for AI-Powered Crime Fighting
June 11, 2024  |  Investments

Hawk is raising funds to support increasing demand for artificial intelligence (AI)-powered anti-financial crime technology. The company on Tuesday (June 11) announced the extension of its Series B...

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Mistral Raises $640 Million to ‘Push the Frontier of AI’
Mistral Raises $640 Million to ‘Push the Frontier of AI’
June 11, 2024  |  Investments

French artificial intelligence startup Mistral AI reportedly raised 600 million euros (about $640 million) in a Series B funding round. The fundraise values the startup...

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Italian AI Startup iGenius Aims to Raise $698 Million
Italian AI Startup iGenius Aims to Raise $698 Million
June 10, 2024  |  artificial intelligence

Italian artificial intelligence (AI) startup iGenius reportedly aims to raise 650 million euros ($698 million). This would give the startup a post-money valuation of 1.7...

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Are Fireworks Ahead as CFPB Director Testifies on Capitol Hill?
Are Fireworks Ahead as CFPB Director Testifies on Capitol Hill?
June 10, 2024  |  CFPB

Consumer Financial Protection Bureau Director Rohit Chopra is set to testify on Capitol Hill this week. He is scheduled to appear before the Senate Banking...

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