Maria Deutscher
Latest from Maria Deutscher
ElevenLabs adds high-profile investors after annualized revenue tops $500M
ElevenLabs Inc., a developer of artificial intelligence models optimized for audio processing, today announced that several dozen investors have joined its latest funding round. The startup first closed the Series D investment in February with a $500 million haul. The raise valued it at $11 billion. ElevenLabs didn’t specify the dollar value of its Series ...
AI data center operator IREN to acquire Mirantis for $625M
Artificial intelligence data center operator IREN Ltd. today announced plans to acquire Mirantis Inc., a provider of infrastructure management software. The all-stock transaction is worth $625 million. Mirantis previously raised about $220 million in funding from Intel Corp., Goldman Sachs and other investors. New York-based IREN launched in 2018 as an Australian bitcoin mining startup ...
Nvidia, AMD back $100M round for AI tooling startup RadixArk
RadixArk Inc., a startup that provides tools for artificial intelligence developers, has raised $100 million from a group of high-profile backers. Accel led the seed round with Spark Capital. They were joined by Nvidia Corp.’s NVentures fund, Advanced Micro Devices Inc., Databricks Inc., Broadcom Inc. Chief Executive Hock Tan and others. The Wall Street Journal reported ...
AI agent startup Sierra valued at $15B in new $950M funding round
Eight months after closing a $350 million funding round, Sierra Technologies Inc. today announced that it has raised an additional $950 million at a $15 billion valuation. Alphabet Inc.’s GV venture capital arm and Tiger Global led the investment. They were joined by Benchmark, Sequoia, Greenoaks and several others. Sierra was founded in early 2024 ...
SAP acquires Dremio, Prior Labs to enhance its tabular AI capabilities
SAP SE today announced plans to acquire two startups that help organizations analyze tabular data, or information stored in rows and columns. Santa Clara, California-based Dremio Inc. raised more than $300 million prior to the deal. Prior Labs GmbH, the other startup that SAP is buying, is backed by about $9.3 million. The software giant ...
AI chip provider Cerebras seeks to raise $3.5B in IPO at $26.6B valuation
Cerebras Systems Inc., a maker of supersized artificial intelligence chips, today disclosed the financial terms of its upcoming public offering. The company hopes to raise as much as $3.5 billion by selling 28 million shares for $115 to $125 apiece. Cerebras’ underwriters, the banks entrusted with coordinating its listing, have the option to buy an ...
Meta acquires robot software startup Assured Robot Intelligence
Meta Platforms Inc. has acquired Assured Robot Intelligence Inc., a provider of artificial intelligence software for robots. The social media giant announced the deal today without disclosing the financial terms. It did specify that the acquisition is designed to advance its efforts to develop humanoid robots. Assured Robot Intelligence’s single-page website doesn’t provide information about ...
Nebius acquires AI model optimization startup Eigen AI for $643M
Nebius Group NV, a Dutch operator of artificial intelligence data centers, today announced plans to buy software maker Eigen AI Inc. for $643 million. The company will finance the acquisition with cash and stock. It expects to close the deal in a few weeks. Nebius provides access to graphics card unit clusters that developers can ...
Pentagon inks AI procurement deals with seven companies, leaves out Anthropic
The U.S. Defense Department today announced that it has inked artificial intelligence procurement contracts with seven tech firms. The group includes Amazon Web Service Inc., Google LLC, Microsoft Corp., Nvidia Corp., OpenAI Group PBC and SpaceX Corp. They are joined by a startup called Reflection AI Inc. that raised $2 billion in funding last year. ...
Standard Intelligence raises $75M to develop efficient computer use models
Standard Intelligence Inc., a six-person artificial intelligence startup, today announced that it has raised $75 million in funding. Sequoia and Spark Capital led the round. They were joined by multiple angel visitors, including prominent AI researcher Andrej Karpathy. Standard Intelligence has developed a foundation model called FDM-1 that is specifically optimized for computer use tasks. ...