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Pet food platform Golden Pet Brands taps banks for IPO, sources say
2+ day, 2+ hour ago (282+ words) NEW YORK, Sept 2 (Reuters) – Golden Pet Brands, which owns Dr. Marty Pets, Badlands Ranch, and Ultimate Pet Nutrition, has picked banks for an initial public offering to be listed in New York that could come as soon as this year,…...
Obsidian Security raises funding at $1.1 billion valuation on AI security demand
1+ mon, 10+ hour ago (279+ words) Aug 4 (Reuters) – Obsidian Security said on Tuesday it had raised $85 million in a Series D funding round that valued the AI security startup at $1.1 billion, as businesses seek to secure a growing number of AI agents accessing sensitive enterprise data....
Nuclear firm Westinghouse confidentially files for US IPO
1+ mon, 4+ day ago (319+ words) July 31 (Reuters) – Westinghouse Electric Company, one of the most storied names in the American power industry, has confidentially filed for a U.S. initial public offering, it said on Friday, joining a wave of nuclear companies looking to tap capital markets. Investor…...
Nvidia-backed startup Fireworks valued at $17.5 billion in latest funding
1+ mon, 2+ week ago (238+ words) July 16 (Reuters) – Nvidia-backed AI infrastructure startup Fireworks said on Thursday it raised $1.51 billion at a $17.5 billion valuation to expand its engineering team and global compute capacity. The Series D funding round was led by investment firms Atreides Management, Index Ventures…...
Goldman Sachs-backed biopharma company Attovia Therapeutics files for US IPO
1+ mon, 3+ week ago (202+ words) July 14 (Reuters) – Biopharmaceutical company Attovia Therapeutics on Tuesday filed for an initial public offering in the United States, seeking to raise funds to advance the development of its pipeline. Biotech IPO activity has been picking up amid improving investor risk…...
From space rocks to smartwatches, AI millionaires rewrite the luxury playbook
1+ mon, 3+ week ago (753+ words) By Danielle Kaye and Alessandro Parodi NEW YORK, July 8 (Reuters) – Sitting on roughly $3.5 million in SpaceX shares, Chip, a former data scientist at Elon Musk’s aerospace behemoth, has recently bought meteorites worth $10,000 and a $5,000 fire truck. The 50-year-old space enthusiast…...
Legal AI startup Norm Ai hits $1.2 billion valuation after $120 million funding
1+ mon, 4+ week ago (174+ words) July 7 – Norm Ai said on Tuesday it had raised $120 million in a Series C funding round led by Khosla Ventures, valuing the legal AI startup at $1.2 billion. New York-based Norm Ai is among a growing number of startups developing AI…...
Together AI raises $800 million at $8.3 billion valuation
2+ mon, 3+ day ago (247+ words) July 1 (Reuters) – Together AI on Wednesday said it has raised $800 million in a funding round led by Aramco Ventures, more than doubling the artificial intelligence startup’s valuation to $8.3 billion. Founded in 2022, the startup’s platform lets companies train and run AI…...
Google has exceeded $1 billion Africa investment target
2+ mon, 3+ day ago (271+ words) JOHANNESBURG, July 1 (Reuters) – Google has exceeded a five-year target to invest $1 billion in Africa, it said on Wednesday, as it made public initiatives on infrastructure and development of AI to accelerate the continent’s digital growth. They follow on from Google’s…...
Australia’s Firmus Technologies strikes AI access deal with Nvidia
2+ mon, 6+ day ago (230+ words) SYDNEY, June 29 (Reuters) – Australian AI infrastructure company Firmus Technologies said on Monday it had signed a strategic partnership with Nvidia Corp to help provide emerging AI firms with more cost-effective access to computing power. • Firmus said the deal would see…...