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

Swiipr Raises $7.6 Million to Digitize Payouts for Flight Disruptions
Swiipr Raises $7.6 Million to Digitize Payouts for Flight Disruptions
May 28, 2024  |  Investments

British travel PayTech firm Swiipr raised $7.6 million in new funding. The company, launched four years ago, lets airlines digitize payouts for flight disruptions, working...

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Elon Musk’s Startup xAI Raises $6 Billion to Accelerate R&D
Elon Musk’s Startup xAI Raises $6 Billion to Accelerate R&D
May 27, 2024  |  Investments

Elon Musk’s artificial intelligence (AI) startup xAI has raised $6 billion in a Series B funding round, giving it a pre-money valuation of $18 billion....

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Rows Raises $8.7 Million to Expand AI-Powered Spreadsheet App
Rows Raises $8.7 Million to Expand AI-Powered Spreadsheet App
May 27, 2024  |  Investments

Rows has raised 8 million euros (about $8.7 million) to expand its cloud-based, artificial intelligence (AI)-powered spreadsheet app. “There’s never been a better time to...

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Insurance Provider Apollo Forms Subsidiary to Offer BNPL in Canada
Insurance Provider Apollo Forms Subsidiary to Offer BNPL in Canada
May 27, 2024  |  Investments

Canadian digital insurance provider Apollo has raised $18.5 million Canadian dollars (about $13.6 million) to launch a wholly owned subsidiary that will allow Canadians to...

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Abett Raises $11.6 Million for Health Plan Data Management Platform
Abett Raises $11.6 Million for Health Plan Data Management Platform
May 24, 2024  |  Investments

Abett has raised $11.6 million to grow its software platform that helps large employers manage and analyze health plan data. The company’s Lockbox product helps...

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Google to Invest in Flipkart, Help Modernize Digital Infrastructure
Google to Invest in Flipkart, Help Modernize Digital Infrastructure
May 24, 2024  |  Investments

Google plans to invest in Indian digital commerce company Flipkart. The move will make Google a minority investor in Flipkart’s latest funding round, which is led by Walmart, Flipkart...

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New Backing Helps Elon Musk’s xAI Raise Nearly $6 Billion
New Backing Helps Elon Musk’s xAI Raise Nearly $6 Billion
May 23, 2024  |  Investments

Elon Musk’s artificial intelligence startup, xAI, reportedly secured new backing that puts it close to a $6 billion funding round. The round would value xAI at...

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Max Retail Raises $15 Million to Expand Excess Inventory Marketplace
Max Retail Raises $15 Million to Expand Excess Inventory Marketplace
May 22, 2024  |  Investments

Max Retail has raised $15 million in a Series A round to expand its marketplace that helps independent retailers and brands sell excess inventory. The...

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Nory Raises $16 Million to Expand ‘AI Restaurant Manager’ Product
Nory Raises $16 Million to Expand ‘AI Restaurant Manager’ Product
May 22, 2024  |  Investments

Nory has raised $16 million in Series A funding to expand the use of artificial intelligence (AI) in the hospitality industry. The company will use...

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