Venture firm Thrive Capital is reportedly preparing to raise at least $3 billion amid a downturn in tech funding. The planned fundraising, the subject of a Sunday (Jan. 7) report by the Financial Times (FT), would make Thrive — a major investor in OpenAI — one of few large growth...
Specialized graphics processing unit cloud provider CoreWeave will invest in social artificial intelligence platform Chai. This will bring the total capital invested in Chai to over $10 million and will place the company at a $450 million valuation, Chai said in a Thursday (Jan. 4)...
Early-stage venture capital (VC) firm Exponent Founders Capital has launched and disclosed that it has raised $125 million to date. That total includes a new $75 million Fund II vehicle that will be used to invest in inception and early-stage companies in the fields of...
Bumper, a FinTech that lets customers fund car repairs in installments, raised $48 million. The London-based company announced the Series B round in a Thursday (Jan. 4) press release, saying it would use the funding to expand throughout Europe, targeting car dealers and repair shops...
Robin AI raised $26 million amid the legal profession’s continued embrace of artificial intelligence. The London and New York-based company announced the Series B funding on its LinkedIn page Wednesday (Jan. 3), noting the round was led by Temasek with participation from Quantum Light, Plural...
Israel’s conflict with Hamas hasn’t scared off investors. Israeli tech companies raised $1.5 billion during the fourth quarter, Reuters reported Thursday (Dec. 28), citing data from the Israel Venture Capital Research Center and LeumiTech. While that number is down 15% from the third quarter, 75...
Electric vehicle (EV) charging companies reportedly don’t have much juice with investors these days. As The Wall Street Journal reported Tuesday (Dec. 26), companies like ChargePoint, Blink Charging and EVgo have all seen their share prices drop this year, with Blink and EVgo both projecting annual losses. According to the report, charging...
U.S. investors are showing support for Israeli technology firms during the war between Israel and Hamas. The high-tech sector in Israel, which is the world’s second-largest after Silicon Valley, has remained resilient, attracting venture capitalists and tech executives from the U.S., Reuters reported Thursday (Dec....
Indian cloud kitchen firm Kitchens@ has secured $65 million in Series C funding from London-based emerging growth investment firm Finnest. The company will use the new funds to expand its hybrid model, Dinerium, which combines offline and online elements and offers “a diverse selection of...
