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

Seven AI Raises $36 Million for AI-Powered Cybersecurity Solution
Seven AI Raises $36 Million for AI-Powered Cybersecurity Solution
June 07, 2024  |  Investments

Seven AI raised $36 million in its initial round of funding to support its mission of arming companies with artificial intelligence-powered cybersecurity solutions. “With attackers...

READ MORE >
AI Agents Attract Funding, Aim to Transform Industries
AI Agents Attract Funding, Aim to Transform Industries
June 07, 2024  |  Artificial Intelligence

Artificial intelligence agents have reportedly caught the attention of tech investors, leading to a surge in funding for startups focused on building them. The interest...

READ MORE >
FinTech IPO Index Ticks Down as Earnings Season Wraps Up
FinTech IPO Index Ticks Down as Earnings Season Wraps Up
June 07, 2024  |  Fintech Investments

The first week of June brought scant movement for the FinTech IPO Index overall, as the group moved 0.6% lower, and earnings continued to trickle...

READ MORE >
Slip Raises $3.2 Million to Grow Receipt Data Startup
Slip Raises $3.2 Million to Grow Receipt Data Startup
June 06, 2024  |  Retail

British receipt data startup Slip has raised $3.2 million in seed funding.  “Having launched the product last year and seeing great results so far, this...

READ MORE >
TymeBank Aims to Raise $100 Million to Fund South Africa Expansion
TymeBank Aims to Raise $100 Million to Fund South Africa Expansion
June 06, 2024  |  Investments

TymeBank is reportedly trying to raise at least $100 million to expand in its home country. “In South Africa, we want to be the fastest-growing...

READ MORE >
This Week in Web3: Cross-Border Payments, Crypto Investments, User Education
This Week in Web3: Cross-Border Payments, Crypto Investments, User Education
June 05, 2024  |  Blockchain

Blockchain-based technologies may one day change the worlds of finance and payments. But so far, they haven’t. At least, not in the sweeping and transformative...

READ MORE >
Brazil’s Kanastra Raises $21 Million for Private Credit Funds Platform
Brazil’s Kanastra Raises $21 Million for Private Credit Funds Platform
June 05, 2024  |  Investments

Kanastra raised $21 million in a Series A funding round to continue to improve its tech-driven back office for private credit funds and securitizations in...

READ MORE >
Touchcast Plans to Raise $100 Million to Improve AI Queries
Touchcast Plans to Raise $100 Million to Improve AI Queries
June 04, 2024  |  Investments

Artificial intelligence startup Touchcast is reportedly raising $100 million from backers including Microsoft. The New York-based company stores and offers responses to commonly used AI...

READ MORE >
Sword Health to Roll Out AI Assistant for Physical Therapy
Sword Health to Roll Out AI Assistant for Physical Therapy
June 04, 2024  |  Healthcare

Sword Health has introduced an artificial intelligence (AI) assistant called Phoenix that uses natural conversation to guide and react to patients during their physical therapy...

READ MORE >