GMI Cloud, a Mountain View company that rents out Nvidia GPU servers, has raised $668m in new financing, the company said on Wednesday. That is $223m of Series B equity and a $445m credit facility. The Taiwanese bank CTBC led the credit facility. ARCHI…
OpenAI is in early talks to raise at least $30bn at a valuation of around $1.4tn, before the new money. Bloomberg and The Information reported the talks on Tuesday. The round would give the ChatGPT maker fresh capital after it pushed back its stock mar…
Today, the company announced that PLD Space had entered into an agreement with CNES, the French space agency, and that both parties were considering building a second launch pad for PLD’s rockets at the spaceport in French Guiana. They will examine whe…
Osavul, an AI startup that spots state-backed attacks before they happen, has raised €8.5M in a Series A round. 33N Ventures, a European cybersecurity fund, led the round, and it brings the total Osavul has raised to about €12m. Balnord, G+D Ventures a…
DIG Ventures, the London-based firm led by MuleSoft founder Ross Mason, has closed its third fund at $120M. Fund III will back around 30 European pre-seed and seed-stage startups that build software infrastructure for AI. Its institutional backers incl…
CScale, a Palo Alto startup building optical interconnect for AI data centres, has come out of stealth with $145m in Series C funding. The round takes its total funding to $188m, the company said in a statement on Wednesday. Atreides Management led the…
Oura has postponed its Nasdaq IPO, citing “uncertainty in the IPO market”. The Finnish-founded smart ring maker said so in a statement on Tuesday, a week after it launched the offering. It said it is postponing “despite strong demand”, and gave no new …
ElevenLabs is now worth $22bn, double its $11bn valuation in February. Employees and existing investors sold $300m of shares, the voice AI company said in a blog post on Wednesday. Wellington Management and T. Rowe Price led the deal. Six investors bou…
Enterprise AI has moved from experimentation to a material line item. Companies can count tokens, licenses, agent runs and lines of AI-generated code. Yet many still cannot answer the question that determines what happens next: which AI initiatives are…
London-based private equity firm Aspirity Partners has agreed to buy a majority stake in Onomondo, a Copenhagen firm that runs its own network to connect machines and sensors. The deal, announced on Wednesday, is part of a combined investment of more t…