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Caldera raises $15M to help developers deploy their own scaling for blockchain networks
Caldera, a Web3 infrastructure platform that helps developers deploy Ethereum rollups for scaling up blockchain networks, today announced it has raised $15 million in an early-stage funding round. Today’s Series A funding round was led by Peter Thiel’s Founders Fund with participation from Dragonfly, Sequoia Capital, Arkstream Capital and Lattice. This latest investment brings Caldera’s ...
Meta introduces Llama 3.1, its biggest and best open-source AI model to date
Meta Platforms Inc. today unveiled its largest-ever open-source artificial intelligence model to date, Llama 3.1 405B, that the company claims can rival even the most powerful closed models on the market, including those from OpenAI and Anthropic PBC. According to Meta, Llama 3.1 excels at state-of-the-art capabilities such as general knowledge, math, tool use and ...
Electric autonomous tractor company Monarch Tractor raises $133M
Monarch Tractor, the creator of a fully electric driver-optional smart tractor, announced Tuesday it has raised $133 million in fresh funding in the largest fundraiser by an agricultural robotics firm to date to build artificial intelligence-driven sustainable farming solutions. The company’s Series C funding round was co-led by the global impact investor Astanor and HH-CTBC ...
Warehouse robotics automation firm Mytra launches with $78M to change how materials move
Mytra, a warehouse automation solution that uses artificial intelligence and robotics to move materials, today announced its launch from stealth with a total of $78 million to solve the biggest problems facing physical storage right now, which is moving materials. The company has developed a novel solution for storing and moving materials in a three-dimensional ...
AWS launches generative AI-powered feature for Connect Contact Lens to help agents in call centers
Amazon Web Services Inc. today announced a new feature for Connect Contact Lens, the company’s artificial intelligence tools for call center work, aimed at assisting workers with after-call work. Contact Lens provides a suite of tools using generative AI summaries of customer conversations with contact center workers for management to analyze. This is an important ...
AI model developer startup Cohere raises $500M at $5.5B valuation
Generative artificial intelligence model startup Cohere Inc. today announced it has raised $500 million in a late-stage funding round, bringing the company’s valuation to $5.5 billion. The Series D funding round was led by PSP Investments, a Canadian pension investment manager, and new backers that include Cisco Systems Inc., Japan’s Fujitsu Ltd., chipmaker Advanced Micro ...
Enterprise blockchain data platform Allium raises $16.5M led by Theory Ventures
Allium Inc., a blockchain data delivery platform for the enterprise, today announced it has raised $16.5 million in early-stage funding led by Theory Ventures to scale out its infrastructure and offer ways for more financial institutions to embrace digital assets. Existing investors Kleiner Perkins and Amplify Partners also participated in the Series A funding round, ...
Indian crypto exchange WazirX falls victim to $235M security breach
Mumbai, India-based crypto exchange WazirX relayed today that it suffered a security breach early this morning that led to about $235 million in cryptocurrency being stolen after one of its Ethereum wallets was compromised. The news surfaced after Web3 security firm Cyvers noted suspicious transactions had moved $234.9 million in funds from the exchange’s wallet ...
Real-time data infrastructure startup Momento raises $15M
Momento Inc., a real-time data platform that aims to help developers serve massive-scale audiences reliably, today announced it has raised $15 million in an early-stage round led by Bain Capital Ventures to build out its infrastructure capabilities. Returning investor The General Partnership also joined the Series A round alongside additional angel investors, including former Intuit ...
AiXplain nabs $6.5M to simplify AI agent development
Artificial intelligence development startup aiXplain Inc. said today it raised $6.5 million in a pre-Series A round to simplify building autonomous AI agents with its all-in-one studio for custom solutions. The company provides a low-code/no-code platform and infrastructure for activating and deploying generative AI agents, which are pieces of software that can perform tasks independently ...