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AI-powered mineral exploration company KoBold Metals raises $527M
KoBold Metals, a Berkeley, California-based startup that specializes in using artificial intelligence to discover new deposits of metals critical for batteries and renewable energy, said today it has raised $527 million in equity funding. The Series C funding round was co-led by existing investor T Rowe Price and joined by Durable Capital Partners. Other existing ...
Qolab raises $16M to advance practical superconducting quantum computing
Qolab Inc., a quantum computing company, said on Monday it has raised more than $16 million in early-stage funding in what the company says is a significant step in its mission to develop utility-scale quantum computing technology. The company raised the funds in a Series A round led by Octave Ventures with participation from the ...
Samsung invests $180M+ in Rainbow Robotics to become largest shareholder
Samsung Electronics Co. Ltd. announced today that it will become the largest shareholder in Rainbow Robotics Inc., a South Korean robot maker, by increasing its stake in the company to 35% by spending more than 267 billion won, or about $181 billion. Samsung said it planned to use its investment in Rainbow Robotics to strengthen its ...
China’s AgiBot releases large-scale humanoid robot AI dataset for everyday activities
AgiBot, or Zhiyuan Robotics, a Chinese robotics firm aimed at building and innovating humanoid robotics today announced it’s releasing what it says is the largest robotic learning dataset for advancing artificial intelligence foundation models for human-like activities. Founded in 2023 by Peng Zhihui, the Shanghai-based startup competes with Tesla Inc. and Boston Dynamics Inc. in ...
Nodepay raises $7M to grow decentralized AI infrastructure
Nodepay, a decentralized artificial intelligence platform that pays people for unused internet bandwidth by turning it into real-time data pipelines for training, announced today it has raised new funding, bringing its total to $7 million. Today’s funding round brought in new strategic investors, including IDG Capital, Mythos, Elevate Ventures, IBC, Optic Capital and Funders.VC. They ...
ChainOpera AI raises $17M to build blockchain network for AI agents and apps
ChainOpera Inc., a blockchain company building a decentralized network and artificial intelligence operating system to accelerate AI development, said Wednesday it has raised $17 million in seed funding led by Finality Capital, Road Capital and IDG Capital. Notable investors also participating in the round including Camford VC, ABCDE Capital, Amber Group, Modular Capital, Sparkle Ventures, ...
Alibaba announces advanced experimental visual reasoning QVQ-72B AI model
Alibaba Cloud, the cloud computing arm of China Alibaba Group Ltd., has unveiled QVQ-72B-Preview, an experimental open-source artificial intelligence model capable of reviewing images and drawing conclusions. The company said Wednesday that early benchmarks showed the model displayed promising capabilities at visual reasoning by solving problems by thinking them through step by step similar to ...
Netflix files suit against Broadcom over VMware virtual machine patents
Video streaming giant Netflix Inc. is suing Broadcom Inc. over virtual machine patents owned by the company’s subsidiary VMware Inc. According to the lawsuit filed with a California federal court by Netflix Monday, the company said VMware’s cloud software infringes on five patents related to virtual machines. Three of the patents Netflix said VMware infringes ...
No-code industrial project software startup Sitemate raises $27.5M
Sitemate Services Pty Ltd., a company creating no code software tools, today announced it has raised $27.5 million in early-stage funding to assist what it calls “built world” companies in construction, energy, mining and more with project management. The company’s Series A funding round was led by Blackbird, with participation from existing investors Shearwater Capital and ...
Avalon Labs raises $10M to grow its bitcoin-based stablecoin
Avalon Labs, the developer of a stablecoin built atop the bitcoin blockchain, announced today it has raised $10 million in a new early-stage funding round to grow its decentralized finance capabilities and cryptocurrency. The Series A round was led by Framework Ventures with participation from UTXO Management, Presto Labs and Kenetic Capital among others. The bitcoin ...