President Donald Trump signed an executive order Monday (Feb. 3) that creates an American sovereign wealth fund and said the fund could invest in TikTok. “As an example, TikTok, we’re going to be doing something perhaps with TikTok, perhaps not; if we make the right...
OpenAI is reportedly in talks for a $40 billion funding round that would value it at $300 billion. The round would be led by SoftBank, which would invest between $15 billion and $25 billion, with the rest coming from other investors, The Wall Street Journal...
ElevenLabs raised $180 million in a Series C funding round to continue the development of its artificial intelligence (AI) audio technology that is used in content creation, customer support, gaming, education, accessibility and other applications. The company will use the new funding to research “more...
Cedar Money raised $9.9 million in a seed round to support the growth of its payments software that uses stablecoins to facilitate cross-border payments between developed and emerging markets. The company’s platform aims to address the challenges of the correspondent banking network and has been...
French FinTech Swan has raised $43 million to expand its embedded banking offering. The company says the new funding, announced in a Thursday (Jan. 30) blog post, will allow it to hire more staff, enter new markets such as Belgium and the U.K., and create products tailored for small...
Paris-based corporate event planning startup Naboo raised 20 million euros (about $21 million) to expand throughout Europe. The company’s Series A round is designed to help Naboo address a global corporate event market projected to grow to $24.6 billion by 2031, said Notion, the venture...
Gallabox raised $3.5 million in a seed round to strengthen the capabilities and expand the geographic footprint of its platform that enables small- to medium-sized businesses (SMBs) to use artificial intelligence to automate their communication on WhatsApp. The company’s no-code conversational platform helps SMBs create...
LinkedIn founder Reid Hoffman and oncologist Siddhartha Mukherjee raised $24.6 million in a seed round to launch an artificial intelligence startup focused on drug development. Called Manas AI, the startup will cover the entire therapeutic development pipeline, from target identification to clinical trials, according to...
Daniel Ek, the founder of the music streaming platform Spotify, has branched out into artificial intelligence (AI)-powered preventative healthcare as co-founder of the startup Neko Health. The Stockholm-based company announced Thursday (Jan. 23) in a press release that it has secured $260 million in Series...
