Tag: $2.5 billion
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Crypto companies freeze $2.5 billion on Binance platform amid fears of major hack
The platform suspended some trading while crypto companies froze billions in their respective currencies. The full extent of the possible hack was not yet clear.
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Exclusive-Sequoia-backed chip startup Nuvacore raising funds at about a $2.5 billion valuation, sources say
SAN FRANCISCO, Oct 9 : Six-month-old microchip startup Nuvacore, which does not yet have a product, is raising hundreds of millions of dollars at a roughly $2.5 billion valuation to develop a new central processor designed for data centers, according to two people familiar with the fundraising.Nuvacore is se
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AI cybersecurity startup Armadin valued at over $2.5 billion after new funding round
Oct 1 : Armadin said on Thursday that it raised $255.5 million in a Series B funding round, which values the AI cybersecurity company at more than $2.5 billion.Investors have poured large sums into early-stage startups building defenses against AI-driven cyberattacks.• Andreessen Horowitz and Accel c
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Honda plans to invest $2.5 billion to build hybrid vehicle plant in Ohio, Nikkei says
TOKYO, Sept 24 : Japan’s Honda Motor is in the final stages of preparations to build a new hybrid vehicle production plant in Ohio, the Nikkei business daily said on Thursday.Honda plans to invest about 300 billion yen to 400 billion yen ($1.90 billion to $2.53 billion) in the new plant, expected to start pr
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Honda explores euro bond sales of over $2.5 billion to pay parts makers, Nikkei reports
June 29 : Honda Motor is exploring issuing euro-denominated bonds expected to total over 400 billion yen ($2.47 billion) to fund payments to auto parts makers, the Nikkei newspaper reported on Monday. The report said the automaker is likely to use the funds to compensate parts makers after revising its electr
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Agility Robotics to go public in $2.5 billion deal with Michael Klein-backed SPAC
June 24 : Agility Robotics will go public through a merger with blank-check firm Churchill Capital Corp XI in a $2.5 billion deal, the companies said on Wednesday.Here are some details on the deal:• The deal is expected to provide more than $620 million in proceeds to Oregon-based Agility, including
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