Maria Deutscher
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AI cloud operator CoreWeave closes $650M secondary sale
CoreWeave Inc., the operator of a cloud platform optimized for artificial intelligence workloads, today announced that it has closed a $650 million secondary sale. A standard funding round gives a startup access to capital for growth initiatives. In secondary sales, the proceeds go to the startup’s shareholders. Such transactions are often used to give employees ...
Juniper invests in AI chip startup Recogni, details technical collaboration
Juniper Networks Inc. on Tuesday disclosed that it has invested in Recogni Inc., a startup with an artificial intelligence chip touted as significantly more efficient than the competition. The companies didn’t divulge the size of the investment. Juniper provided the capital as part of a Series C round that Recogni originally announced in February. At ...
Report: OpenAI drafts policy paper with suggestions for US AI strategy
OpenAI has drafted a policy paper with suggestions on how to foster the U.S. artificial intelligence sector, CNBC reported today. Chris Lehane, the company’s vice president of global affairs, is expected to present the document today in Washington, D.C. OpenAI’s paper reportedly contains five main policy suggestions. According to FedScoop, the first proposal calls on ...
Industrial automation startup Vecna Robotics raises $14.5M, appoints new CEO
Vecna Robotics Inc., a supplier of automation equipment for factories and warehouses, has secured $14.5 million in funding from existing investors. The startup disclosed the raise today in conjunction with the appointment of Karl Iagnemma as chief executive. Iagnemma previously held the same role at Motional and NuTonomy, two autonomous vehicle developers. The former company ...
LocalStack nabs $25M investment for its public cloud emulator
Swiss developer tooling provider LocalStack GmbH today announced that it has closed a $25 million early-stage funding round. Notable Capital led the Series A investment. It was joined by CRV and Heavybit, which previously backed a $3.2 million seed round for LocalStack in 2021. LocalStack provides an open-source tool that allows developers to emulate an ...
Data mapping provider Lume raises $4.2M in funding
Lume AI Inc., a startup that helps companies move data between their applications, has raised $4.2 million in seed funding to enhance its technology. General Catalyst led the round. Lume said its funding announcement today that Khosla Ventures, Floodgate, Y Combinator and Soma Capital chipped in as well along with a number of angel investors. ...
Writer reels in $200M for its generative AI toolkit
Artificial intelligence startup Writer Inc. today disclosed that it has closed a $200 million Series C investment at a $1.9 billion valuation. Premji Invest, Radical Ventures and ICONIQ Growth led the round. They were joined by more than a half dozen other backers including the venture capital arms of Salesforce Inc., Adobe Inc., IBM Corp. ...
Report: Amazon is developing smart glasses for its delivery drivers
Amazon.com Inc. is developing a pair of smart glasses meant to make its delivery drivers more productive, Reuters reported today. The project is said to be known as Amelia internally. The upcoming device is reportedly based on the consumer-focused Echo Frames smart glasses that Amazon introduced in 2020. The latter product is currently in its ...
Data management startup Connecty AI launches with $1.8M
Startup Connecty AI Corp. launched today with $1.8 million in funding and a platform that promises to help companies more easily analyze their data. Market One Capital led the investment, which is described as a preseed round. The fund was joined by Notion Capital and multiple angel investors, including Snowflake Inc. co-founder Marcin Zukowski. San ...
Cogna reels in $15M for its AI-powered ERP platform
Cogna Ltd., a U.K.-based enterprise resource planning startup, today announced that it has raised $15 million in fresh funding. Notion Capital led the Series A round with participation from Hoxton Ventures and Chalfen Ventures. The raise comes a few months after Cogna closed its initial $4.75 million seed investment. The latter round included the participation of ...