Kyt Dotson
Latest from Kyt Dotson
CoreWeave Inc., a cloud compute provider that specializes in large-scale graphics processing unit-accelerated workloads, announced today that it has raised $200 million in additional funding from Magnetar Capital. The funding is an extension of the company’s previous $221 million Series B round …
Crypto wallet Magic raises $52M to expand ‘wallet-as-a-service’ solution
Magic Labs Inc., the provider of a cryptocurrency “wallet-as-a-service” enterprise solution, today announced that it has raised $52 million in a strategic funding round led by PayPal Ventures. Venture capital firms Cherubic, Synchrony, KX, Northzone and Volt Capital also participated in the …
Google introduces multicloud connectivity with Cross-Cloud Interconnect
Google LLC today announced an expansion to its Cloud Interconnect service that will allow enterprises to connect any public cloud with Google Cloud through a secure, high-performance network called Cross-Cloud Interconnect. As more enterprises begin to adopt hybrid and multicloud distribution for …
Monday.com launches a developer team workflow management tool
Monday.com Ltd., a project management software company, today announced the launch of monday dev, a new product offering that centralizes software development tracking in one place so developers, engineers and administrators can collaborate more easily. Monday.com is the provider of what it calls …
Generative AI search platform Vectara raises $28M to reduce ‘hallucinations‘
Vectara Inc., a generative artificial intelligence search platform provider, today announced today that it has raised $28 million in seed funding led by Race Capital to empower developers with a new capability that greatly reduces AI errors when producing search results. Vectara …
Digital Currency Group plans to shut down institutional trading unit TradeBlock
Venture capital conglomerate Digital Currency Group Inc. announced plans to close its TradeBlock subsidiary that provides cryptocurrency trade and prime brokerage services for institutional investors. According to a May 25 report from Bloomberg, the shutdown will officially be effective on May 31. “Due …
Arrington Capital-led group to acquire bankrupt Celsius Network assets
Bankrupt cryptocurrency lender Celsius Network LLC will be reborn as a new company under the management of Fahrenheit LLC, a group of bidders led by investment group Arrington Capital, which won the bid to manage the company’s assets. Other members of Fahrenheit …
Worldcoin developer Tools for Humanity raises $115M led by Blockchain Capital
Tools for Humanity, the developer behind the eyeball-scanning crypto startup Worldcoin, today announced a $115 million fundraise led by Blockchain Capital to accelerate the growth of its research and development and global reach. This news confirms a report earlier this month that …
Solana Labs integrates ChatGPT plugin to connect blockchain to AI
Solana Labs, the developer of the Solana blockchain, announced Tuesday that it has released a ChatGPT plugin that connects its blockchain technology with artificial intelligence that will allow users to query information from the network. ChatGPT is an artificial intelligence chatbot from …
AI robotics firm Figure raises $70M to build robots with a human form
Looking to disrupt the industry with humanoid-style bipedal AI-driven robots, Figure AI Inc. today announced that it has raised $70 million in a Series A round led by Parkway Venture Capital to drive its vision of commercializing a robotic workforce. Most workforce robots …