Funding news and trends

AI Fuels Tech Surge as Micron, Databricks and Basis Ride Wave of Growth

December 19, 2024
Databricks
Justt Raises $30 Million for AI-Powered Chargeback Management Platform
Investments // December 19, 2024

Chargeback management firm Justt raised $30 million to bolster its artificial intelligence-powered platform. The Series C round brings Justt’s total funding to $100 million and will allow it to expand into high-growth regions as it aims to reach profitability by 2027, according to a Thursday...

Report: Perplexity Closed $500 Million Funding Round in Early December
Investments // December 18, 2024

Perplexity AI reportedly closed a $500 million funding round earlier this month. The round tripled the artificial intelligence (AI) startup’s valuation to $9 billion, Bloomberg reported Wednesday (Dec. 18), citing an unnamed source. Reached by PYMNTS, Perplexity declined to comment on the report. The company’s backers include SoftBank, Nvidia...

Bureau Raises $30 Million for Anti-Fraud Campaign With PayPal Ventures’ Help
Investments // December 18, 2024

Fraud prevention/compliance platform Bureau has raised $30 million in a Series B round. The new funding round, which included participation by PayPal Ventures, will help Bureau use artificial intelligence (AI) to help businesses combat increasingly sophisticated forms of fraud, the company said in a Wednesday (Dec. 18) news release. “For...

Scripta Insights Raises $17 Million for Pharmacy Navigation Platform
Investments // December 18, 2024

Pharmacy navigation platform Scripta Insights has raised $17 million in a Series B round. The new funding closes out a year in which Scripta’s revenue has surged by more than 100%, the company said in a news release Wednesday (Dec. 18). “We are changing the way people shop for...

Interviews & Exclusives
Newly Flush With Capital, Challenger Banks Face New Challenges

December 10, 2024
A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks, mainstays of financial services that have been around for decades — even centuries. While these digitally focused challengers promise to bring financial services and products to just about anyone who […]

Recent Funding Rounds Signal PayFac’s Rising Star

December 05, 2024
Platforms are rapidly forging their own ecosystems — matching supply and demand, buyers and sellers, sometimes on a global scope. In other cases, they serve specific verticals — for example,...

Cooperating AI Agents Could Redefine How Consumers Shop and Sell

December 02, 2024
A new venture aiming to connect AI services across platforms could transform everyday commerce by letting virtual shopping agents compare prices, schedule deliveries and handle customer service across multiple retailers and...

FinTech IPO Index Surges 3.8% as Lemonade, Affirm Lead the Pack

November 22, 2024
The FinTech IPO Index was 3.8% higher this past week, as Lemonade and Affirm were at the forefront of gainers, up a respective 58.5% and 23.6%. A broad-based rally in...

Quick Reads
Justt Raises $30 Million for AI-Powered Chargeback Management Platform

December 19, 2024
Chargeback management firm Justt raised $30 million to bolster its artificial intelligence-powered platform. The Series C round brings Justt’s total funding to $100 million and will allow it to expand into high-growth regions as it aims to reach profitability by 2027, according to a Thursday (Dec. 19) press release. “The company will enhance its proprietary […]

Report: Perplexity Closed $500 Million Funding Round in Early December

December 18, 2024
Perplexity AI reportedly closed a $500 million funding round earlier this month. The round tripled the artificial intelligence (AI) startup’s valuation to $9 billion, Bloomberg reported Wednesday (Dec. 18), citing an unnamed...

Bureau Raises $30 Million for Anti-Fraud Campaign With PayPal Ventures’ Help

December 18, 2024
Fraud prevention/compliance platform Bureau has raised $30 million in a Series B round. The new funding round, which included participation by PayPal Ventures, will help Bureau use artificial intelligence (AI) to help businesses...

Scripta Insights Raises $17 Million for Pharmacy Navigation Platform

December 18, 2024
Pharmacy navigation platform Scripta Insights has raised $17 million in a Series B round. The new funding closes out a year in which Scripta’s revenue has surged by more than 100%, the...