Artificial intelligence (AI) development platform Lightning AI has obtained a $50 million equity investment. The company, maker of the PyTorch Lightning open AI framework, announced the investment — from Cisco Investments, J.P. Morgan, K5 Global and Nvidia — in a news release Thursday (Nov. 21), saying...
When autonomous driving firm Pony.ai goes public, Uber reportedly plans to invest. The ride hailing/food delivery company intends to purchase more than $10 million worth of shares in Pony.ai’s initial public offering (IPO), which is expected to be priced next week, Bloomberg News reported Thursday (Nov. 21), citing sources familiar with...
Travel-industry-focused payment orchestration firm CellPoint Digital has raised $30 million in new funding. The financing, from Toscafund and Penta Capital, will help speed the launch of CellPoint’s Offer Order Service Delivery (OOSD) payment orchestration platform, created to power the travel industry’s transformation toward modern airline retailing, the company said in a...
Elon Musk’s artificial intelligence (AI) startup xAI reportedly raised $5 billion in a funding round, valuing the company at $50 billion. The new financing brings the total amount raised by xAI this year to $11 billion, the Wall Street Journal (WSJ) reported Wednesday (Nov. 20). The funding...
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 the overall markets Thursday — as tech stocks got a boost from Nvidia’s earnings – helped with momentum. As for Lemonade, the stock’s jump extended a […]
November 15, 2024
Stocks took a breather on Thursday (Nov. 14), but the general trend of the FinTech IPO Index was up and to the right. This week, as has been seen through...
November 14, 2024
Call it a financial services ecosystem or even a financial services marketplace. But don’t call MoneyLion a neobank. As CEO Dee Choubey told Karen Webster days after posting third-quarter earnings...
November 11, 2024
Earnings, earnings everywhere — and for connected economy stocks in the CE 100 Index, roaring ahead almost in lockstep, the week was a good one. Indeed, two sectors of the...
November 21, 2024
Artificial intelligence (AI) development platform Lightning AI has obtained a $50 million equity investment. The company, maker of the PyTorch Lightning open AI framework, announced the investment — from Cisco Investments, J.P. Morgan, K5 Global and Nvidia — in a news release Thursday (Nov. 21), saying it brings its total funding to $103 million. “Historically, enterprises […]
November 21, 2024
When autonomous driving firm Pony.ai goes public, Uber reportedly plans to invest. The ride hailing/food delivery company intends to purchase more than $10 million worth of shares in Pony.ai’s initial public offering (IPO), which...
November 21, 2024
Travel-industry-focused payment orchestration firm CellPoint Digital has raised $30 million in new funding. The financing, from Toscafund and Penta Capital, will help speed the launch of CellPoint’s Offer Order Service Delivery (OOSD) payment orchestration platform, created...
November 20, 2024
Elon Musk’s artificial intelligence (AI) startup xAI reportedly raised $5 billion in a funding round, valuing the company at $50 billion. The new financing brings the total amount raised by xAI...
