News
AI Inference Startup Baseten Raises $300 Million and Gains Backing From Nvidia
6+ hour, 21+ min ago (355+ words) The investment is part of the $300 million raised by Baseten in a funding round that doubled the startup's valuation to$5 billion, the Wall Street JournalreportedTuesday (Jan. 20), citing unnamed sources. Reached by PYMNTS, an Nvidia spokesperson declined to comment on the…...
ClickHouse Raises $400 Million to Expand AI-Focused Data Infrastructure Platform
4+ day, 7+ hour ago (322+ words) ClickHouse, a provider of data infrastructure for artificial intelligence systems, raised $400 million in a Series D funding round. The company will use the new capital to expand its offerings in real-time data analytics, data warehousing, observability, and AI and machine…...
Torq Raises $140 Million for Agentic AI-Powered Cybersecurity Platform
1+ week, 1+ day ago (418+ words) Torq raised $140 million in a Series D funding round to accelerate the adoption of its security operations center (SOC) platform for global enterprises and government agencies. The Torq AI SOC Platform uses artificial intelligence agents to manage security tasks, the…...
Meta AI Chief’s Startup Seeks $3 Billion Valuation Before Launch
1+ mon, 2+ day ago (422+ words) Meta's chief AI scientist is reportedly in early talks to raise $585 million for his new startup. That's according to a'report Thursday (Dec. 18) by the Financial Times (FT), which says this funding would value Yann LeCun's company " called Advanced Machine Intelligence…...
Databricks Targets $134 Billion Valuation in New Funding Round
1+ mon, 4+ day ago (443+ words) Data analytics/artificial intelligence (AI) firm Databricks is reportedly raising $4 billion in a new funding round. This Series L round would value the company at $134 billion, up 34% from its last session of funding during the summer, the Wall Street Journal…...
AI Funding Spans One-Person Companies to Generative Media
1+ mon, 5+ day ago (406+ words) Ever since generative artificial intelligence entered the mainstream, one of its most provocative promises has been the idea that a single person could run a billion-dollar company The General Intelligence Company of New York is building toward that vision. The…...
M&A in the AI Era: Considerations for Acquihiring
1+ mon, 1+ week ago (104+ words) Acquihiring is a transaction structure that focuses on acquiring key talent and intellectual property rather than an entire business. The prevalence of Acquihiring is a transaction structure that focuses on acquiring key talent and intellectual property rather than an entire…...
Unconventional AI Leads Funding Flurry With $475 Million Seed Round
1+ mon, 1+ week ago (446+ words) In this week's artificial intelligence (AI) startup funding news, fresh capital flowed into companies focused on computing, operational efficiency and domain-specific AI tools. As reported by Bloomberg, the largest deal came from Unconventional AI, which raised $475 million in a seed…...
Goldman Sachs Pays $2 Billion For ETF Firm Innovator
1+ mon, 2+ week ago (392+ words) Goldman Sachs is set to acquire defined outcome ETF firm Innovator Capital Management. The $2 billion deal, announced Monday (Dec. 1), is designed to expand the exchange traded fund (ETF) lineup at Goldman's asset management business. Innovator, the banking giant noted in…...
$828 Million in Healthcare Savings Points to Low-Code Adoption
1+ mon, 3+ week ago (304+ words) Software platforms serving education, healthcare and field services are adopting embedded payments at a pace that signals a shift in how these industries want to transact. The new angle in PYMNTS Intelligence's latest Payment Processing Tracker, "Vertical-First Payments: How Low-Code…...