A team of BioNTech alumni thinks cancer screening has been stuck in the past, and it has raised $25M to do something about it. Bios Life has emerged from stealth with a plan to replace one-off screening with continuous, AI-driven surveillance, and a da…
Hamburg biotech is taking an unusual shot at salmon farming’s most expensive pest, and it starts with an alpaca. AquaNab is developing tiny antibodies, derived from the animals and delivered through fish feed, to treat and prevent sea lice. The parasit…
In hundreds of simulations modelled on Fortune 500 companies with dozens of security tools, Corma tested leading AI models including GPT and Claude. First, the models attacked the simulated organisations and planted persistent threats. Then the same mo…
Point2 Technology has raised $136 million in total Series B financing to commercialise a new type of cable that could replace both copper and optics inside AI data centres. The latest extension was led by LB Investment, with new strategic participation…
Shein’s advisers are pitching the fast-fashion giant to investors at a valuation below $30 billion for its Hong Kong IPO, a roughly 70% drop from the $100 billion-plus valuation it hit in a 2022 private fundraising. Internally, Shein set a target of $3…
A group of financial firms is working with Nvidia on a $500bn funding package for AI infrastructure. The group covers Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR. …
Lambda is selling a $917 million leveraged loan to finance a chip purchase, Bloomberg reported on Monday. Jeannine Amodeo, Paula Seligson and Gowri Gurumurthy broke the story. The money pays for GPUs and other infrastructure as part of a contract with …
Bill Ackman has spent close to $1 billion on philanthropy over two decades and concluded that capitalism is better at solving problems. “I’ve spent a fair amount of time on philanthropy, and it’s vastly less efficient at solving problems than capitalis…
NavVis, a Munich-based spatial twin platform, raised €73.7 million ($85 million) in a Series D round led by US private equity firm The Jordan Company. Existing investors Yttrium, KOZO KEIKAKU ENGINEERING, and Cipio Partners also participated. The compa…
The legal-AI startup is in talks to raise at least $500m at a $15.5bn valuation, including the new money, The Information reported. That is a 40% jump on the $11bn it set only five months ago, when it raised $200m. Lightspeed Venture Partners is keen t…