Tag: funding

NFT startup Rario loses founders after $120M funding last year: Report

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Rario, a Polygon-based platform issuing cricket-related nonfungible tokens (NFTs), has reportedly seen its founders leave the firm after two years after launching. Rario CEO Ankit Wadhwa and chief technology officer Sunny Bhanot are being pushed out as investors at the startup take greater control, TechCrunch reported on Sept. 8. Rario CEO Ankit Wadhwa (left) and CTO Sunny Bhanot (right). Source: TechCrunch Dream11, a major Indian fantasy sports platform and the largest backer of Rario, is also being ousted, according to the report. A number of roles are being removed as part…

UK Neobank Zopa Secures Another $93M in Funding

With £3 billion in deposits, over £2 billion in loans on its balance sheet, and more than 400,000 credit cards issued since its launch in 2020, Zopa has rapidly established itself as a prominent player in the UK banking landscape.  Zopa, a UK-based online banking company, has achieved a significant milestone, securing an additional $93 million in funding to fuel its growth. The investment round, primarily consisting of debt financing, marks an important step as the company prepares for its initial public offering (IPO) which was previously suspended due to…

AI Lab Imbue Secures $200M Funding from Nvidia and Others

The recent funding infusion will support Imbue in advancing and fine-tuning its reasoning-centric AI technology. On Thursday, September 7, AI Lab Imbue announced that they have successfully raised $200 million in Series B funding, at a massive valuation of $1 billion. The San Francisco-based startup specializes in training foundation models optimized for “reasoning”, a focus it leverages to create AI agents proficient in coding tasks. The company’s mission revolves around democratizing the process of constructing custom AI agents, and making them accessible to anyone. Imbue’s core belief centers on the…

AI Chipmaker d-Matrix Raises $110M in Series B Funding Round

d-Matrix’s innovative chip designs have been gaining recognition, particularly for their effectiveness in powering generative AI applications like ChatGPT. d-Matrix, a rising star in the artificial intelligence (AI) chip industry, has successfully secured a significant $110 million in a series B funding round, with substantial support from heavyweight investors, including tech giant Microsoft Corp. This latest funding achievement comes at a time when many chip companies are grappling with challenges in securing investments. According to a Reuters report on August 6, the funding round, led by Singapore-based Temasek, with participation…

Steve Cohen’s Point72 Ventures VC Firm Leads GenTwo $15M Funding Round

Point72 Ventures, through the funding round, will help GenTwo extend its offerings and also expand its international business. Securitization specialist fintech GenTwo has raised $15 million in a recently concluded Series A funding round. The round was led by venture capital firm Point72 Ventures, founded by billionaire hedge fund manager and investor Steven Cohen. The billionaire owns a baseball team – the New York Mets. GenTwo has a PRO platform that helps investors securitize and trade investment strategies or assets. This process is also open to non-bankable assets, including digital assets, real…

Ivy Secures $20M in Funding while Taking Open-Banking Payments Global

Ivy will use these funds to expand its footprint in different regions and partner with major payment service providers thereby helping them power their own open-banking offerings.  On Thursday, August 31, Berlin-based startup Ivy announced that it secured a staggering $20 million in funding in order to take the open-banking payments international. Ivy recently built an API to create a “network of networks” for open banking payments globally. Open banking, a concept where traditional banks share their data through APIs to create novel financial services for customers, holds the promise…

AI Startup AI21 Labs Raises $155M in Series C Funding Round

AI21 Labs is planning to use the money raised for developing AI products that will compete with ChatGPT developer OpenAI and AI safety and research company Anthropic. AI21 Labs, a Tel Aviv-based AI lab and product startup, has raised $155 million in a Series C funding round that was led by such companies as Walden Catalyst Management LLC, Pitango VC, SCB10X Co Ltd, b2venture, Samsung Next, as well as Google LLC and NVIDIA Corp (NASDAQ: NVDA). The funding round has brought the company’s total capital to $283 million and valued the AI startup at $1.4…

BitGo valued at $1.75b after $100m funding round

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Palo Alto-based security infrastructure and custodian firm, BitGo, secured a $100 million Series C funding round. This put the company at a $1.75 billion valuation. According to the press release, despite the regulatory differences, BitGo is already regulated in 50 countries. The US-based firm, founded in 2013, witnessed its clients rise by 60% in 2023 while its assets under custody (AUC) grew by 20%.  Moreover, BitGo’s staked assets also rose 40 times. The digital asset…

Ex-Meta Engineer’s Layer-1 Blockchain Linera Riases $6M in New Funding

The layer-1 is pioneering the idea of “microchains” within the blockchain, according to the press release. “The competition for blockspace in traditional layer-1 blockchains, coupled with limited production rates and block sizes, creates a bottleneck during traffic peaks, leaving users outpriced or delayed, rendering the infrastructure effectively unavailable,” the press release said. Source