Kyt Dotson
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Mistral AI raises $2B led by semiconductor equipment maker ASML at $14B valuation
French artificial intelligence leader Mistral AI today announced it has raised €1.7 billion, about $2 billion, in a Series C funding round led by Dutch semiconductor equipment manufacturer ASML Holding NV. The round more than doubles Mistral’s $6 billion valuation, which it achieved during a $640 million round led by General Catalyst last year, to ...
DataCrunch raises $64M to build European-based AI hyperscaler using green energy
Helsinki, Finland-based DataCrunch Oy, a provider of high-performance artificial intelligence infrastructure, said today it has raised €55 million, about $64 million, in early funding to scale its compute platform in an ambitious bid to become Europe’s first AI cloud hyperscaler. The Series A round was led by byFounders, Skaala, Varma pension fund and Tesi, with additional ...
Vidu launches AI image generation update with reference-to-image for creating imaginative realism
Vidu, the flagship artificial intelligence product of Chinese firm ShengShu Technology, released a new update to its platform today that’s intended to “reinvent photography” by allowing users to upload multiple image references and have an AI model compose them into vivid, highly consistent generated pictures. Best known for its generative AI video platform and foundation ...
D-Matrix introduces AI network accelerator card for ultra-low-latency inference
Artificial intelligence computing infrastructure startup d-Matrix Corp. today unveiled a custom network card named JetStream designed from the ground up to support high-speed, ultra-low-latency AI inference for data centers. As the adoption of generative AI increases, particularly with larger and more complex models that can reason and produce multimodal content, data centers are increasingly distributing ...
Visa introduces new tools for developers building AI agents engaged in commerce
Visa Inc. announced today its continued expansion into what the company calls “agentic commerce” with enhancements to its Visa Intelligent Commerce platform, an artificial-intelligence-based payments solution that allows AI agents to shop and make purchases. Visa introduced the Intelligence Commerce platform in late April, providing developers with application programming interface resources for AI platforms and ...
Quantum computing firm Quantinuum raises $600M at a $10B pre-money valuation
Quantinuum Ltd., an integrated quantum computing company majority-owned by Honeywell International Inc., announced today it has raised $600 million in equity capital to advance and scale up its cutting-edge trapped-ion quantum computer technology stack. The raise brings the firm to $10 billion in pre-money valuation, doubling its valuation after a previous $300 million round in early ...
Ketryx raises $39M to help medical device makers ship safer products faster
Ketryx Corp., a company transforming product lifecycle development and compliance for medical device makers with artificial intelligence, today announced it has raised $39 million in a Series B funding round led by Transformation Capital. The round brings Ketryx’s total funding to more than $55 million, with participation from existing investors that include Lightspeed Venture Partners, ...
Crypto startup Utila raises $22M to build institutional stablecoin infrastructure
Digital asset management startup Utila Inc. today announced that it raised $22 million in a Series A extension round as the institutional demand for cryptocurrency known as stablecoins continues to rise. In the past year, stablecoins have caught the attention of the financial industry, including banks and payment processors. A stablecoin is a type of ...
HappyRobot secures $44M to automate supply chain communications with AI agents
San Francisco-based HappyRobot Inc., an artificial intelligence startup that automates communication tasks for supply chain operators, today announced it has raised $44 million to scale out its AI agent platform that it says will assist management for global trade. Base10 Partners led the startup’s Series B funding round, with participation from existing investors including a16z, ...
Intella raises $12.5M to scale its Arabic speech intelligence platform
Intella, a provider of Arabic language artificial intelligence speech tools, including transcription and analysis, today announced it raised $12.5 million in an oversubscribed early-stage funding round to scale up its platform and increase market outreach. The Series A round was led by Prosus. Investors also included 500 Global, Wa’ed Ventures, Hala Ventures, Idrisi Ventures and ...