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

Monite Raises $6 Million to Grow Embedded Finance Platform
Monite Raises $6 Million to Grow Embedded Finance Platform
February 19, 2024  |  Investments

Embedded finance workflows startup Monite added $6 million to its seed funding, bringing its total to $16 million. The firm will use the new funding...

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Altman’s AI Chip Plan Faces National Security, Antitrust Concerns
Altman’s AI Chip Plan Faces National Security, Antitrust Concerns
February 16, 2024  |  Artificial Intelligence

OpenAI CEO Sam Altman is reportedly seeking approval from the U.S. government for an initiative aimed at enhancing the global manufacturing of artificial intelligence chips....

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Shares of Smaller AI Firms Rise After Nvidia Discloses Investments
Shares of Smaller AI Firms Rise After Nvidia Discloses Investments
February 15, 2024  |  Artificial Intelligence

Shares of smaller artificial intelligence (AI) firms reportedly experienced a rally Thursday (Feb. 15) after Nvidia, the world’s leading AI chipmaker, disclosed its stake in them...

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PayPal-Backed Rasa Raises $30 Million to Grow Conversational AI Platform
PayPal-Backed Rasa Raises $30 Million to Grow Conversational AI Platform
February 14, 2024  |  Investments

PayPal-backed Rasa has raised $30 million in a Series C round to grow its generative conversational artificial intelligence (AI) platform for enterprises.  The company aims...

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Go Autonomous Raises $10 Million for B2B eCommerce Platform
Go Autonomous Raises $10 Million for B2B eCommerce Platform
February 14, 2024  |  Investments

B2B eCommerce platform Go Autonomous is plotting its expansion after raising $10.3 million. The Danish company announced its Series A funding round in a Wednesday...

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Colombian Payment Service Provider Bold Raises $50 Million to Expand Products for SMBs
Colombian Payment Service Provider Bold Raises $50 Million to Expand Products for SMBs
February 14, 2024  |  Investments

Colombian FinTech Bold raised $50 million to expand its payments terminal offering. The company announced the General Atlantic-led Series C round Wednesday (Feb. 14), saying...

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Funding for African HealthTech Startups Dips 2% in 2023
Funding for African HealthTech Startups Dips 2% in 2023
February 13, 2024  |  Investments

African HealthTech startups raised $167 million in 2023. That total represented a 2% decline from the previous year, but it was raised during a period...

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Finom Raises $54 Million to Expand Digital Business Banking Solution
Finom Raises $54 Million to Expand Digital Business Banking Solution
February 13, 2024  |  Investments

Finom has raised 50 million euros ($53.6 million) in Series B financing to expand its digital business banking solution in the European Union (EU). The...

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Marqo Raises $12.5 Million to Help Businesses Build Generative AI Applications
Marqo Raises $12.5 Million to Help Businesses Build Generative AI Applications
February 13, 2024  |  Investments

Marqo has raised $12.5 million in a Series A funding round to advance the adoption of its search platform that helps businesses build generative artificial...

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