Tag: funding
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AI chip startup Tenstorrent more than doubles its valuation to $6.2 billion in funding round
Oct 19 : Tenstorrent said on Monday it raised $1.5 billion in a late-stage funding round that valued the AI chip startup at $6.2 billion post-money, more than doubling its valuation from December 2024.Here are some more details:• The Santa Clara, California-based company said it would use the funding
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AI startup EliseAI valued at $4 billion in latest funding round
Sept 29 : EliseAI said on Tuesday it was valued at $4 billion following its latest funding round, which nearly doubled the housing and healthcare-focused AI company’s valuation from a year ago.The $350-million funding round was led by Andreessen Horowitz and Bessemer Venture Partners, with participation from
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Infantino orders FIFA funding review after UEFA, CONCACAF seek $2.1 billion payout
COPENHAGEN, Sept 28 : FIFA President Gianni Infantino has ordered an assessment of proposals to distribute more money to national associations, following calls from UEFA and CONCACAF for a $2.1 billion payout from the governing body’s reserves, but stopped short of committing to an amount.In a letter to the
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AI startup Island valued at $6.4 billion in latest funding round
Sept 24 : AI startup Island said on Thursday it raised $400 million in a funding round that valued it at $6.4 billion.The Series F funding round was led by Evolution Equity Partners, with participation from existing investors Prysm Capital, Sequoia Capital, Coatue Management, Cyberstarts, Insight Partners and
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Sudan’s healthcare system on brink of collapse after cuts, medical charity MSF warns
Médecins Sans Frontières is urging world leaders to increase funding to help the millions who need aid.
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AI startup Wonderful’s valuation more than doubles to $5 billion in latest funding round
Sept 2 : Wonderful, an AI operating system provider for enterprise, said on Wednesday its valuation had more than doubled to $5 billion in less than six months as businesses increasingly adopted AI.The company raised $550 million in a funding round led by global software investor Insight Partners, with partic
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LIV Golf prepares for bankruptcy filing in September, FT reports
Aug 31 : LIV Golf may file for bankruptcy protection as soon as the week of September 7, the Financial Times reported on Monday, citing people briefed on the negotiations. Last week, the professional men’s golf league said it had laid off most of its workforce while it continued to secure funding for its next
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LIV Golf lays off majority of staff as PIF funding ends
Aug 26 : LIV Golf said on Wednesday it has laid off the majority of its workforce while it continues to secure funding for its next iteration with financial backing from Saudi Arabia’s Public Investment Fund set to expire.The PIF has poured more than $5 billion into LIV Golf since the breakaway circuit launch
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S$54,000 raised for rower Joan Poh’s World Champs bid; funding remains hurdle for Singapore athletes
Sports observers say funding constraints and the challenge of balancing sport with careers remain major obstacles for athletes competing at the highest level.
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Chip designer Velaura AI valued at more than $1 billion in funding round
Aug 18 : Velaura AI on Tuesday said it raised $110 million in a Series A funding round that valued the chip designing startup at more than $1 billion, with investors backing its technology that can lower power consumption and operating costs at AI data centers.The funding round was led by Seligman Ventures, w
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