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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 ...
Innovaccer nabs $275M to build out AI healthcare cloud
Healthcare cloud and artificial intelligence company Innovaccer Inc. said it has raised $275 million today in a late-stage funding to scale its cloud and AI capabilities and enhance copilot offerings for healthcare professionals. The Series F funding round attracted investments from Kaiser Permanente, Phoenix-based Banner Health, Microsoft venture capital firm M12 Ventures and Danaher Ventures. To date, ...
Xocean raises $119M to expand ocean data platform
Xocean, which provides ocean data services for offshore energy and civil hydrography industries, today announced it has raised €115 million, about $119 million, in new funding to drive the company’s expansion across the globe. Founded in Ireland in 2017, Xocean uses a fleet of unmanned, remotely operated watercraft known as “uncrewed surface vessels” to scan ...
Story, Stability AI collaborate to help creators make money from their work in the AI ecosystem
Story, a blockchain network that tracks intellectual property ownership, today announced a collaboration with artificial intelligence model developer Stability AI Ltd. that will allow contributors – creators, developers and artists – to address the challenge of attributing, tracking and making money from creative work generated through AI. Originally named Story Protocol, Story has raised over ...
Movement Labs layer 2 Ethereum blockchain reportedly seeks $100M raise at $3B valuation
Movement Labs, the developer of a layer 2 blockchain for Ethereum based on Facebook’s Move language virtual machine, is reportedly raising $100 million in a Series B round that will value the company at about $3 billion. Citing multiple sources, Fortune and Reuters reported today that the round would be co-led by CoinFund and Nova ...
Gemini crypto exchange agrees to pay $5M settlement to CFTC
The Gemini Trust Co. LLC, the New York-based cryptocurrency exchange founded by the Winklevoss twins in 2014, has agreed to pay a $5 million civil penalty to settle a lawsuit filed by the U.S. Commodity Futures Trading Commission over allegedly misleading statements it made about how easily the price of bitcoin futures could be manipulated. ...