News
Rhoda AI Raises $450 Million to Automate Manufacturing and Logistics
1+ day, 15+ hour ago (398+ words) Robotic intelligence firm'Rhoda AI'emerged from stealth Tuesday (March 10) and announced it raised $450 million in a Series A funding round. The company is building a robot foundation model that combines pretraining on hundreds of millions of videos with closed-loop video predictive…...
Sigma360 Raises $17 Million to Fund Financial Crime Prevention
1+ day, 16+ hour ago (351+ words) The company says its Series B round,announcedTuesday (March 10), will help it strengthen its risk intelligence datasets, deepen its artificial intelligence (AI) automation capabilities and expand Sigma360s presence among financial institutions. The release notes that Jones founded Sigma360 following a career in…...
Lyzr Valuation Jumps to $250 Million as Enterprises Deploy AI Agents
2+ day, 16+ hour ago (336+ words) Agentic artificial intelligence firm Lyzr was valued at $250 million in a Series A+ funding round, the company said in a Tuesday (March 3) post on LinkedIn. The company raised $14.5 million in the round, which was led by Accenture, Bloomberg News reported…...
Basis Raises $100 Million to Build Up AI in Accounting
2+ week, 1+ day ago (442+ words) Accounting-focused artificial intelligence (AI) startup Basis has raised $100 million in new funding. The company's Series B round, announced Tuesday (Feb. 24), was led by Accel and Google Ventures and values Basis at $1.15 billion. "Accounting is structured, high-stakes, and essential to every…...
Private Equity Returns Hit 17-Year Low Amid Tariff Troubles
2+ week, 2+ day ago (415+ words) Last year was not an especially good one for the private equity (PE) space. As Bloomberg News'reported'Monday (Feb. 23), PE firms returned fewer profits to their investors for the fourth consecutive year, with the industry sitting on $3.8 trillion in unsold assets,…...
AI Financial Reporting Platform Inscope Raises $14.5 Million
2+ week, 5+ day ago (388+ words) Inscope raised $14.5 million in a Series A funding round to increase the adoption and the capabilities of its artificial intelligence (AI)-powered financial reporting platform designed for use by both enterprises and their accounting firms. The round brings the company's…...
Nvidia Nears $30 Billion Stake in Record-Breaking OpenAI Funding Round
2+ week, 5+ day ago (421+ words) Nvidia is close to finalizing a $30 billion investment in OpenAI that would replace the company's earlier commitment to invest up to $100 billion, which was announced in September, Reuters reported Friday (Feb. 20). The Nvidia investment would be part of a funding…...
Private Equity Firms Embrace AI to Streamline Operations
3+ week, 9+ hour ago (450+ words) The World Economic Forum argued that technological innovation is transforming how private equity firms operate at a structural level. Instead of treating AI as a tool for portfolio companies alone, firms are positioning it as institutional infrastructure. AI's first major…...
Former Google DeepMind Scientist Targets $4 Billion Valuation for New AI Lab
3+ week, 13+ hour ago (269+ words) Former Google DeepMind scientist David Silver is raising $1 billion to build a new artificial intelligence lab, the Financial Times reported Tuesday (Feb. 17). The seed round is expected to value the startup at $4 billion, not including the new investment, according to…...
Modal Labs Targets $2.5 Billion Valuation for AI Inference Work
3+ week, 6+ day ago (435+ words) AI startup'Modal Labs'is reportedly looking to raise funds at a $2.5 billion valuation. The company, which specializes in artificial intelligence (AI) inference infrastructure, is in talks with venture capitalists about a new funding round, TechCrunch'reported'Wednesday (Feb. 11), citing sources familiar with the…...