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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 ...
Elon Musk’s xAI releases agentic coding model aimed at high speed and affordability
Elon Musk’s xAI Holdings Corp. has released grok-code-fast-1, a dedicated agentic coding artificial intelligence model that is extremely speedy and designed to strike a “compelling balance between performance and cost.” In a market that is quickly becoming cluttered with models offering coding capabilities, xAI said Thursday it built the model from the ground up and built ...
M0 raises $40M to build custom ‘universal stablecoin’ infrastructure for developers
M0 Foundation, a platform building infrastructure for crypto apps and protocols to create application-specific stablecoins, today announced it has raised $40 million in early funding to allow developers to deploy custom digital currencies. Polychain Capital, Ribbit Capital and the Endeavor Catalyst led the Series B funding round, bringing the company’s total funding to date to ...
Professional website design platform Framer raises $100M at $2B valuation
Amsterdam-based professional website design platform Framer Inc. today announced it has raised $100 million in a late-stage funding at a $2 billion valuation. The Series D funding round was led by the company’s existing investors Meritech and Atomico. As a website builder, Framer’s platform provides tools for web creation beyond the prototyping features of competitors ...