Abett has raised $11.6 million to grow its software platform that helps large employers manage and analyze health plan data. The company’s Lockbox product helps benefits teams share, store and analyze this data, aiming to help them save costs by altering benefits, GeekWire reported Tuesday...
Google plans to invest in Indian digital commerce company Flipkart. The move will make Google a minority investor in Flipkart’s latest funding round, which is led by Walmart, Flipkart said in a Friday (May 24) press release. The proposed investment is subject to regulatory and other customary approvals, according...
Elon Musk’s artificial intelligence startup, xAI, reportedly secured new backing that puts it close to a $6 billion funding round. The round would value xAI at $18 billion, the Financial Times (FT) reported Thursday (May 23). The new backing came from Lightspeed Venture Partners, Andreessen Horowitz, Sequoia Capital and Tribe Capital, per the...
Max Retail has raised $15 million in a Series A round to expand its marketplace that helps independent retailers and brands sell excess inventory. The new funding will fuel the company’s efforts to double its number of sellers and expand its support of global sales...
Nory has raised $16 million in Series A funding to expand the use of artificial intelligence (AI) in the hospitality industry. The company will use the new funding to accelerate its product development and prioritize its international expansion, Nory said in a Wednesday (May 22)...
OneStock has raised $72 million to fuel the international expansion of its order management system (OMS). With this investment from global growth equity investor Summit Partners, the company will especially focus on the U.S. market, OneStock said in a Tuesday (May 21) blog post. “Since the beginning,...
Scale AI raised $1 billion in a funding round that valued it at $13.8 billion. The company announced the Series F round in a Tuesday (May 21) blog post, saying it would use the financing to build what founder Alexandr Wang called the “data foundry” that brings about an age...
Teal raised $8 million in seed funding to build its accounting infrastructure for vertical software-as-a-service (SaaS) businesses. The company’s APIs and tools allow these businesses to build their own accounting suites to offer to their small- to medium-sized business (SMB) customers, Teal said in a Monday...
Artificial intelligence (AI) hyperscaler CoreWeave has secured a $7.5 billion debt financing facility. The company will use the new financing to further develop its high-performance compute fleet to execute contracts with enterprise and AI customers, according to a Friday (May 17) press release. The co-lead investors in this debt...
