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Uniswap Labs announces Unichain, a layer 2 blockchain for scaling decentralized finance
Uniswap Labs, the developer behind the most popular decentralized cryptocurrency exchange, today announced the launch of its own application-specific layer 2 blockchain network, Unichain. The company said the new blockchain network is geared toward helping build a scaling solution for Ethereum, a popular blockchain for decentralized finance, or DeFi, to help lower transaction times and ...
ApertureData raises $8.5M for multimodal AI database
California-based ApertureData Inc., the developer of a purpose-built database for artificial intelligence multimodal large language models, today announced it has raised $8.25 million. The seed round was led by TQ Ventures with participation from Westwave Capital and Interwoven Ventures. As more AI-driven applications expand beyond pure text generation and answers, many have become multimodal, which ...
Autonomous AI-powered software testing tool TestSprite announces early access
TestSprite Inc., a platform that offers end-to-end software testing using fully autonomous artificial intelligence, today announced early access to its platform today. The company’s platform provides an AI-powered quality assurance solution that fully automates the process of testing back-end and front-end systems with minimal input from the user by using the context of the services, ...
AI startup Basecamp raises $60M to scale research of proteins for ‘programmable’ next-gen meds
Basecamp Research, a biotechnology company that uses artificial intelligence to discover novel proteins and to help create new medicines, said today it has completed a $60 million round and joined a multiyear collaboration with the Broad Institute of Massachusetts Institute of Technology and Harvard. The company’s Series B financing round was led by Singular, with ...
Writer releases Palmyra X 004 next-gen generative AI model with tool calling capability
Enterprise-focused generative artificial intelligence startup Writer Inc. today announced the introduction of Palmyra X 004, the company’s newest proprietary large language model designed to power AI applications and autonomous agents. To train the new model, the company used synthetic data, which it says allowed it to produce the LLM at a small fraction of the cost ...
Atlassian announces general availability for Rovo generative AI assistant
Atlassian Corp. Plc. today announced the general availability of its new generative artificial intelligence assistant Rovo. The knowledge discovery product for enterprise customers can extract data from a company’s internal tools, help find information stored in them and act on it. The company announced Rovo in May alongside a closed beta for thousands of customers. It’s powered ...
Legal document AI startup EvenUp raises $135M at $1B valuation
EvenUp Inc., a startup that provides artificial intelligence services for personal-injury document generation, today announced it raised $135 million in a late-stage round valuing the company at more than $1 billion. Bain Capital Ventures led the Series D funding round, which brought the total funding for the company to $235 million. The round also attracted ...
AMD-based AI cloud platform TensorWave raises $43M to increase data center capacity
TensorWave Inc., an artificial intelligence GPU cloud delivery platform aimed at delivering an alternative to Nvidia Corp.’s market dominance using Advanced Micro Devices Inc. chips, said today it has raised $43 million in a so-called “simple agreement for future equity” investment round. The round was led by Nexus VP with participation from Maverick Capital, Translink ...
Metaverse platform Infinite Reality acquires extended reality firm Zappar for $45M
Infinite Reality Inc., a metaverse company that builds and powers virtual reality e-commerce and immersive digital media experiences, said today that it has acquired London-based extended reality platform and creative studio Zappar Ltd. Infinite Reality said it paid $45 million in a deal that will bring Zappar’s advanced products under the company’s umbrella. The aim ...
3Laws nabs $4.1M in seed funding to make autonomous robots safer to operate
3Laws Robotics Inc., a company that makes safety solutions for autonomous robotics systems, today announced it has raised $4.1 million in seed funding led by TenOneTen with participation from the Amazon Industrial Innovation Fund. The company’s technology was originally developed at the California Institute of Technology and supported by a deep collaboration of industry leaders ...