Backpack, a cryptocurrency exchange led by former FTX and Alameda Research employees, raised $17 million. The Series A funding round values Backpack — whose offerings also include a crypto wallet and NFT collection — at $120 million, Bloomberg reported Wednesday (Feb. 28). Members of the...
Artificial intelligence startup Glean said it entered unicorn territory. The company raised more than $200 million from investors that include Citigroup, Capital One Ventures, Databricks and Sequoia, valuing the firm at $2.2 billion, according to a Tuesday (Feb. 27) blog post. “Our investors join us...
Embat, a FinTech company based in Madrid, Spain, has raised 14.7 million euros ($15.96 million) in a Series A round. The company plans to use the funding to grow its international presence, according to a Tuesday (Feb. 27) report from EU Startups. The round was led by...
NLX has raised $12 million in Series A funding to grow and develop its artificial intelligence (AI) platform for managing chat, voice and multimodal conversational applications. With its platform, brands can create, manage, deploy and analyze these applications; manage conversational deployments across their enterprise; and...
Connected healthcare platform b.well has raised $40 million in a Series C funding round led by Leavitt Equity Partners. “The successful Series C round builds additional momentum around b.well’s mission to solve healthcare’s fragmentation problem,” the company said in a Monday (Feb. 26) news release. Healthcare companies use...
In an effort to boost Spain’s semiconductor and audiovisual industries, the country is set to launch a new state-owned technology investment company with a capital of €20 billion ($22 billion). Digital Transformation Minister Jose Luis Escriva, announced the creation of the Spanish Society for Technological...
SumUp is reportedly looking to raise 1 billion euros ($1.1 billion) from private credit lenders. The U.K. payments company would use the money to refinance existing debt, Bloomberg reported Friday (Feb. 23), citing unnamed sources. SumUp did not immediately reply to PYMNTS’ request for comment. The company’s...
Figure AI, a startup developing human-like robots, is reportedly in the process of raising $675 million in funding, with a pre-money valuation of roughly $2 billion. Among the investors are Jeff Bezos’ Explore Investments, Microsoft, Nvidia and an Amazon-affiliated fund, Bloomberg reported Friday (Feb. 23), citing unnamed sources. Other backers include Intel’s...
When it comes to the venture capital landscape, every year — and strategy — is different. Nearly no other investor segment deals with more reckonings and recalibrations than tech investors — or reaps such sky-high benefits when their big bets pay off. Against the backdrop...
