The London-based Magentic, a start-up building AI agents for procurement and supply chain teams at large manufacturers, has raised $18M in a Series A round today, led by Felicis. Sequoia Capital and The Westly Group, which were existing investors, also…
The Scaleup Europe Fund, a €5bn growth fund backed by the European Commission, is in discussions to invest in the voice AI company ElevenLabs, according to Bloomberg. The report says ElevenLabs aims to raise over $500 million in this funding round. Tal…
“Organizations should not have to choose between the capabilities of a frontier model and the ability to control the technology at the center of their work,” said Mark McQuade, co-founder and chief executive of Arcee AI. The San Francisco company build…
“Right now would be an ill-advised moment to go public,” OpenAI chief executive Sam Altman told Fortune on 12 September. Now OpenAI is considering one more private funding round before its IPO, at a valuation of about $1.5tn. The New York Times reporte…
Veridion has raised a $20m Series A led by Hoxton Ventures, with its existing backers Underline Ventures, OTB Ventures, GapMinder, Day One Capital and LAUNCHub all returning. The company sells a continuously updated graph of the world’s businesses to r…
Hackuity, a Lyon-based cybersecurity company, has raised $19M in a round led by Forgepoint Capital International. Existing investors Bright Pixel, Bpifrance, and Seventure Partners also took part, bringing the company’s total funding to $38M. Hackuity …
ByteDance closed a $290M funding round for Anew Labs, its newly spun-off AI drug discovery unit, at a $1.5B valuation, Reuters reports, citing two sources familiar with the matter. Moreover, the company that owns TikTok will retain 56% of the business …
Temporal has raised $550m in a Series E round that values it at $12.55bn. That is more than double its valuation seven months ago. The company announced the round on 14 September. Lightspeed Venture Partners led the round. Wellington Management, Growth…
Anthropic has told shareholders it expects positive adjusted operating income for a second straight quarter, the Financial Times reported on Sunday, citing several people with knowledge of the matter. CNBC reported the same on Monday, citing two people…
SoftBank Group shares fell as much as 13% in Tokyo on Monday, their steepest drop since 17 July. AI-linked stocks sold off worldwide that day. Over the weekend, the heads of Anthropic and OpenAI had called on the industry to slow the development of mor…