Today: September 12, 2024
Today: September 12, 2024

Venture Capital

Business|Finance|Technology

Sequoia Capital-backed Vanta raises funding at $2.45 billion valuation

Online security and compliance management platform Vanta said on Wednesday it had raised $150 million in a fresh funding round led by venture capital firm Sequoia Capital,

Sequoia Capital-backed Vanta raises funding at $2.45 billion valuation
Business

Visa launches $100 million venture fund for generative AI startups

Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) startups, joining a list of investors who have flocked to the sector this

Visa launches $100 million venture fund for generative AI startups
Business

The crypto market still bears the scars of FTX's collapse

The global cryptocurrency market remains badly scarred following the tumultuous collapse of crypto exchange FTX and other big players last year, with

The crypto market still bears the scars of FTX's collapse
Business

GM, Stellantis among group investing $33M in company that makes magnets without rare earth metals

The venture capital arms of General Motors and Stellantis are among investors sinking $33 million into a Minnesota company with technology to make magnets for electric vehicle motors without using expensive rare-earth metals

GM, Stellantis among group investing $33M in company that makes magnets without rare earth metals
Business

US compels Saudi fund to exit Altman-backed AI chip startup - Bloomberg News

The Biden administration has forced a Saudi Aramco venture capital firm to sell its shares in a Silicon Valley AI chip startup backed by OpenAI co-founder Sam Altman, Bloomberg News

US compels Saudi fund to exit Altman-backed AI chip startup - Bloomberg News
Business

Anthropic to raise $750 million in Menlo Ventures-led funding round- The Information

Artificial intelligence (AI) startup Anthropic is in talks to raise $750 million in a funding round led by Menlo Ventures, that could value the company at $15 billion, not including the

Anthropic to raise $750 million in Menlo Ventures-led funding round- The Information
Business

Goldman Sachs Asset Management raises $650 million for life sciences fund

Goldman Sachs Asset Management said on Wednesday it had raised $650 million for a new fund that will invest in startups related to the life sciences sector.

Goldman Sachs Asset Management raises $650 million for life sciences fund
Business

Perplexity AI valued at $520 million in funding from Bezos, Nvidia

Perplexity AI has raised $73.6 million in its latest funding round from a group of investors including U.S. chip designer Nvidia and Amazon founder Jeff Bezos in a deal valuing the

Perplexity AI valued at $520 million in funding from Bezos, Nvidia
Business

OpenAI removes Sam Altman's ownership of its Startup Fund

OpenAI has changed the governance structure of its venture capital fund that backs AI startups, so its high profile chief executive Sam Altman no longer owns or controls the

OpenAI removes Sam Altman's ownership of its Startup Fund
Business|Economy|Technology

SVB Financial to sell VC business SVB Capital

Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital.

SVB Financial to sell VC business SVB Capital
Business|Technology

Wozniak's space firm, Privateer, buys Orbital Insight, raises $56.5 million

Apple cofounder Steve Wozniak's space data startup,

Wozniak's space firm, Privateer, buys Orbital Insight, raises $56.5 million
Business|Economy|Technology

Chinese venture capitalists warn IPO freeze will hit innovation

Chinese venture capitalists have warned the country's IPO freeze is starving tech startups of funds by keeping market participants locked into existing investments, undermining

Chinese venture capitalists warn IPO freeze will hit innovation
Business|Technology

SoftBank's $184 billion portfolio key to beating AI rivals, says Vision Fund CFO

Japanese technology investor Softbank Group believes it has an advantage over smaller rivals because it can leverage its entire $183.6 billion portfolio to help it

SoftBank's $184 billion portfolio key to beating AI rivals, says Vision Fund CFO
Business|Economy|Technology

Venture capital funding in crypto rises to $2.4 billion, PitchBook says

Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, PitchBook data showed, as expectations of lower interest

Venture capital funding in crypto rises to $2.4 billion, PitchBook says
Business|Economy|News

France looks to elusive EU capital market to fix start-up funding

France is banking on a new push to integrate the European Union's fragmented capital markets to give them the scale needed to wean its flourishing

France looks to elusive EU capital market to fix start-up funding
Business

Court blocks grants to Black women entrepreneurs in case that could restrict DEI efforts by companies and charities

A scholar of nonprofits explains why she’s concerned that the decision in the Fearless Fund case could discourage all efforts focused on diversity, equity and inclusion.

Court blocks grants to Black women entrepreneurs in case that could restrict DEI efforts by companies and charities
Business|Economy

AI deals lift US venture capital funding to highest level in two years, data shows

U.S. venture capital funding surged to $55.6 billion in the second quarter, marking the highest quarterly total in two years, according to PitchBook data published on

AI deals lift US venture capital funding to highest level in two years, data shows

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