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-Backed AI Startup H Raises $220 Million for ‘Full AGI’
Amazon-Backed AI Startup H Raises $220 Million for ‘Full AGI’
May 21, 2024  |  artificial intelligence

French startup “H” has raised $220 million for its goal of building artificial general intelligence. The company — led by a group of Google DeepMind...

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Capchase Secures $114 Million to Provide Funding for SaaS Businesses
Capchase Secures $114 Million to Provide Funding for SaaS Businesses
May 21, 2024  |  Startups

Capchase received a 105-million-euro (about $114 million) credit facility warehouse led by Deutsche Bank to support flexible financing for software-as-a-service (SaaS) businesses in the United Kingdom and Europe....

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OneStock Raises $72 Million to Expand Order Management System
OneStock Raises $72 Million to Expand Order Management System
May 21, 2024  |  Investments

OneStock has raised $72 million to fuel the international expansion of its order management system (OMS). With this investment from global growth equity investor Summit Partners, the...

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Scale AI Raises $1 Billion at Nearly $14 Billion Value
Scale AI Raises $1 Billion at Nearly $14 Billion Value
May 21, 2024  |  Investments

Scale AI raised $1 billion in a funding round that valued it at $13.8 billion. The company announced the Series F round in a Tuesday (May 21) blog...

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Teal Raises $8 Million to Build Accounting Infrastructure for SaaS Businesses
Teal Raises $8 Million to Build Accounting Infrastructure for SaaS Businesses
May 20, 2024  |  Investments

Teal raised $8 million in seed funding to build its accounting infrastructure for vertical software-as-a-service (SaaS) businesses. The company’s APIs and tools allow these businesses to...

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CoreWeave Secures $7.5 Billion to Expand AI Infrastructure
CoreWeave Secures $7.5 Billion to Expand AI Infrastructure
May 17, 2024  |  Investments

Artificial intelligence (AI) hyperscaler CoreWeave has secured a $7.5 billion debt financing facility. The company will use the new financing to further develop its high-performance compute fleet to...

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Aeropay Raises $20 Million for Pay-by-Bank Offering
Aeropay Raises $20 Million for Pay-by-Bank Offering
May 16, 2024  |  Investments

Digital payments company Aeropay has raised $20 million in new financing. The company, which specializes in pay-by-bank, announced the Series B funding in a Thursday (May 16) press release, saying...

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Supreme Court Ruling on CFPB Paves Path for Open Banking
Supreme Court Ruling on CFPB Paves Path for Open Banking
May 16, 2024  |  CFPB

Reading the Thursday (May 16) Supreme Court ruling upholding the constitutionality of the Consumer Financial Protection Bureau’s funding mechanisms — and ensuring the agency’s survival — takes one through centuries of...

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AI Money: Earnings Reports Show a Tech Firm Bonanza
AI Money: Earnings Reports Show a Tech Firm Bonanza
May 16, 2024  |  artificial intelligence

Tech companies are cashing in on the artificial intelligence (AI) boom, with first-quarter results showing surging demand for everything from voice assistants to cloud computing....

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