Tag: investment
Blue Scarab Entertainment Launches with $7M Investment: New MMORPG Coming Soon
Blue Scarab Entertainment, a new gaming studio based in Stockholm, made its grand entrance today with a significant boost of $7 million in seed...
Sequoia’s Major Investment in Stripe and Success of LatAm Fintechs: TechCrunch Analysis
Welcome to the latest update from TechCrunch Fintech! This week, we delve into Sequoia Capital's unique approach to providing liquidity to its limited partners...
Investigation Launched by UK CMA on Microsoft’s Inflection AI Investment
The UK's Competition and Markets Authority (CMA) has recently launched an investigation into Microsoft's investment in Inflection AI. This move comes after concerns were...
Vectara Raises $25M for Mockingbird LLM Enterprise RAG Applications
Vectara, a company specializing in Retrieval Augmented Generation (RAG) technology, has secured a $25 million Series A funding round to meet the increasing demand...
Polymarket: Crypto Prediction Market Raises $70M+ for Election Betting
Polymarket, a cryptocurrency prediction market, has successfully raised over $70 million for election betting. This news has garnered attention from various reputable sources such...
Nvidia’s AI Inference GPUs Yield 700% ROI: Journey to $4 Trillion Market Cap
Nvidia has seen a significant increase in its market value, reaching $3.34 trillion in June 2024. Although it has temporarily dropped below Microsoft and...
Customizable AI Model Platform Fireworks AI Raises $52M from Sequoia, Valued at $552M
Fireworks AI, a platform that allows users to create customizable AI models, has recently secured $52 million in funding from Sequoia, bringing its total...
Reliance Jio to List at $112 Billion Valuation in 2022, Predicts Jefferies
Reliance Industries, which is considered the most valuable company in India, is contemplating the idea of listing its telecom arm, Jio, on the public...
AMD to Acquire Finnish Startup in $665 Million Deal to Challenge Nvidia’s AI Dominance
AMD, a US chipmaker, has announced its plans to acquire the Finnish artificial intelligence startup Silo AI for a whopping $665 million. This acquisition...