With a fresh infusion of $400 million from Jeff Bezos and other investors, startup Physical Intelligence aims to give robots a human’s delicate touch, promising to reshape how businesses handle objects in warehouses and stores. The technology addresses a barrier that has long prevented widespread...
Robotics startup Physical Intelligence has reportedly raised $400 million in early-stage funding. The funding round, which included participation from Amazon founder Jeff Bezos and OpenAI, values the company at $2 billion, Reuters reported Monday (Nov. 4), citing PitchBook data. According to the report, Physical Intelligence aims to develop software...
Melio raised $150 million in a Series E funding round to fuel the growth of its accounts payable (AP) and accounts receivable (AR) platform by expanding its B2B partnerships. The company has seen its revenue increase tenfold over the past three years, driven by an...
Payments platform Airwallex is reportedly in discussions to raise $200 million. The Singapore-based company aims to close the funding round at the end of the year, targeting a $6 billion valuation, Bloomberg reported Wednesday (Oct. 30), citing unnamed sources. “As a rapidly scaling company, we...
September 18, 2024
The Federal Reserve cut interest rates by 0.5% Wednesday (Sept. 18), the first cut in four years. While stocks gyrated Wednesday and were down slightly in the afternoon, how the rate cuts will filter through the capital markets remains to be seen. Not just for consumers, but also for businesses. Clearing the Hurdle The cost […]
September 18, 2024
For every fragmented ecosystem, there’s a digital innovation being built and scaled to streamline it. The global syndicated loan market, a $7 trillion-plus industry where loans are extended by multiple...
August 22, 2024
A new startup is addressing a significant challenge in artificial intelligence: enabling AI agents to independently manage financial transactions. San Francisco-based Skyfire has announced $8.5 million in seed funding from investors...
August 05, 2024
April Koh, at 31, stands as the youngest woman to lead a multi-billion dollar company as CEO of Spring Health, a mental health tech startup now valued at $3.3 billion....
November 06, 2024
Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s dedication to driving digital innovation within Africa, according to a Wednesday (Nov. 6) news release emailed to PYMNTS. In doing so, the payments giant aims to foster the development of […]
November 04, 2024
Robotics startup Physical Intelligence has reportedly raised $400 million in early-stage funding. The funding round, which included participation from Amazon founder Jeff Bezos and OpenAI, values the company at $2 billion, Reuters reported Monday...
November 01, 2024
Melio raised $150 million in a Series E funding round to fuel the growth of its accounts payable (AP) and accounts receivable (AR) platform by expanding its B2B partnerships. The...
October 30, 2024
Payments platform Airwallex is reportedly in discussions to raise $200 million. The Singapore-based company aims to close the funding round at the end of the year, targeting a $6 billion...
