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Phantom cryptocurrency wallet raises $150M at $3B valuation
Cryptocurrency wallet provider Phantom Technologies Inc. has raised $150 million in a new funding at a $3 billion valuation. The Series C round was led by Sequoia Capital and Paradigm. Andreessen Horowitz’s a16z crypto venture capital arm and Variant also participated in the round, which was announced Wednesday. Crypto wallets are essential to the cryptocurrency industry because ...
AI firm iGenius introduces Nvidia-powered LLM for highly regulated industries
Italian artificial intelligence startup iGenius Inc. announced today the launch of Colosseum 355B, its new state-of-the-art foundation large language model designed for highly regulated industries to provide businesses the confidence that their data won’t be compromised. IGenius specializes in AI for enterprises working in highly regulated sectors, such as finance and public administration. The company ...
Legal AI startup Eve raises $47M to help law firms become AI-native
Eve, a platform providing a legal AI platform for plaintiff law firms, said today it raised $47 million in early-stage funding. Today’s Series A financing, led by Andreessen Horowitz with participation from Lightspeed Venture Partners and Menlo Ventures, brings the total raised by Eve to $61 million since the company’s seed funding round in 2023. Eve describes ...
Nvidia releases microservices to safeguard AI agents
Nvidia Corp. today announced today the release of new Nvidia Inference Microservices aimed at helping enterprise organizations develop artificial intelligence agents to address issues of trust, security and safety. AI agents are a blossoming technology that is beginning to revolutionize how people interact with computers, but they also come with several critical issues. Agentic AI ...
AI video platform Synthesia raises $180M, doubling valuation to $2.1B
Synthesia Ltd., the maker of a video platform that uses artificial intelligence to generate clips featuring human avatars, has raised $180 million in a late-stage round valuing the startup at $2.1 billion. The London-based company said today that the Series D funding was led by venture firm NEA, which more than doubled its valuation from ...
Bioptimus raises $41M to build ‘GPT for biology’
Bioptimus, a French artificial intelligence model startup, said today it has raised $41 million that will go toward building what it says will be the world’s first universal AI foundation model for biology research. The round was led by Cathay Innovation with participation from existing investor Sofinnova Partners, a healthcare-focused venture capital firm that led the ...
Orchid Security rakes in $36M to simplify enterprise identity security with LLMs
Orchid Security Inc., a cybersecurity startup that uses artificial intelligence to streamline identity security orchestration, said today it has raised $36 million in seed funding to build on its work using large language models to help enterprise businesses manage their cybersecurity posture. Orchid builds a platform that helps tackle an issue that arises in enterprise systems ...
Crypto analysis firm Chainalysis acquires AI-powered fraud detection startup Alterya for $150M
Blockchain analysis giant Chainalysis Inc. said today that it has acquired the Israeli startup Alterya Inc., which develops an artificial intelligence detection solution to beat financial scammers and fraudsters. Although the two companies did not disclose the details of the acquisition, sources familiar with the deal told Business Insider the total was about $150 million. Chainalysis ...
Qventus raises $105M to alleviate burdens on healthcare staff with AI
Artificial intelligence-based health system provider Qventus Inc. today announced it has raised $105 million in a late-stage funding led by global investment firm KRR. The company plans to use the funds to expand its product portfolio that automates work for care workers to help them attend to patients instead of paperwork. Additional participation for the ...
Linux Foundation launches initiative to support Chromium-based browsers
The Linux Foundation launched a new initiative Thursday that will fund the ongoing high-quality, open development and enhancement of projects within the Chromium web-browser project ecosystem. The foundation, a nonprofit that supports open-source projects, said the Supporters of Chromium-Based Browsers initiative aims to provide a neutral space where industry leaders, developers, academia and the open-source ...