Tag: billion valuation
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Obsidian Security raises funding at $1.1 billion valuation on AI security demand
Aug 4 : 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.The round, led by Crescent Cove Advisors, comes as businesses adop
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Eliyan raises $145 million at $1 billion valuation to ease AI chip data bottlenecks
SAN FRANCISCO, July 29 : Eliyan, a startup that aims to ease the bottlenecks in transferring data between AI chips in data centers, said on Wednesday it had raised $145 million in venture funding at a $1 billion valuation.Cisco Systems, Lumentum and an early investor in networking pioneer Mellanox before its
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Databricks secures funding round at $188 billion valuation
July 16 : Databricks said on Thursday it has signed a term sheet for a strategic funding round that values the data analytics software firm at $188 billion. Here are a few details:• The round, which Databricks expects to close later this summer, is being led by existing investor Coatue and will inc
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Citadel Securities invests $400 million in Crypto.com at $20 billion valuation
July 16 : Crypto.com said on Thursday that market maker Citadel Securities had invested $400 million in the crypto exchange at a $20 billion valuation, in its first-ever institutional fundraising round.Banks, exchanges and asset managers have rapidly blurred the line between traditional finance and digital as
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ElevenLabs explores employee stock sale at $22 billion valuation, Bloomberg News reports
July 2 : AI voice generation firm ElevenLabs is exploring a secondary share sale that would allow employees to sell stock, Bloomberg News reported on Thursday, citing people familiar with the matter.The proposed transaction could value the company at about $22 billion and is expected to occur by September, th
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Together AI raises $800 million at $8.3 billion valuation
July 1 : 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 workloads on open models such as DeepSeek, Min
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AI startup Baseten hits $13 billion valuation as Australia’s Blackbird makes record bet
SYDNEY, June 23 : Baseten, a California-based artificial intelligence startup co-founded by Australians, said it raised $1.5 billion in a funding round that valued the company at $13 billion, underscoring the surge of capital flowing into AI firms.The round was led by U.S.-based investors Sands Capital and We
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Indian fintech firm CRED to raise $900 million from Meta at $4.5 billion valuation
June 22 : Indian fintech firm CRED said on Monday it will raise about $900 million from Meta Platforms at a post-money valuation of $4.5 billion, as it seeks to accelerate growth and prepare for an eventual stock market listing.
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Oaktree-backed ITG targets $2.7 billion valuation in US IPO
June 22 : Digital infrastructure company ITG is targeting a valuation of up to $2.67 billion in its U.S. market debut, joining a string of issuers rushing to capitalize on AI-driven demand and benefit from a busy summer IPO window.The post-SpaceX IPO market has remained busy as companies rush to seize the str
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