Botanix Labs, a Bitcoin development startup based in New York and founded at Harvard, has announced a significant funding of $11.5 million in a press release sent to Bitcoin Magazine. This funding round, led by prominent investors including UTXO Management, Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, Andrew Kang, Dan Held, Dovey Wan, Eric Wall and others, will…
Pixelimage We previously covered ASML Holding N.V. (NASDAQ:NASDAQ:ASML) (OTCPK:ASMLF) in January 2024, discussing why we believe that its 2024 commentary had been on the cautious side, with multiple Big Tech companies and data center REITs still reporting growing appetite for cloud computing/ generative AI services and infrastructure related spending. However, with the stock already recording…
Bitcoin Lightning Network company Neutronpay has secured a $1.5 million bridge funding round led by Axiom Capital, according to a press release sent to Bitcoin Magazine. This investment is to help Neutronpay bring instant and cost-effective payment solutions in Southeast Asia’s digital economy with Bitcoin. “We are delighted to continue to support Albert and the team as…
zhuyufang Lufax Holding Ltd (NYSE:LU) is a leading Chinese financial services provider focusing on providing small business owners with access to multiple loan products. They provide various financial products under different entities. For instance, Puhui is Lufax’s core brand for enabling retail credit, primarily focusing on unsecured and secured loans for small businesses. LujinTong, on…
The newly acquired funds will help HashKey to build diversified Web3 products amid the mainstream adoption of digital assets and blockchain technology in Asia. HashKey Group, the operator of a leading Hong Kong-based cryptocurrency exchange and other web3-focused platforms, announced the completion of the Series A funding round with nearly $100 million. As a result,…
The first “seed” round in 2021 raised around $1 million, while the “growth” round carried out later concluded in June 2023 accounted for the remaining $6 million. According to a report by The Block, Bitfinity, an emerging blockchain project building a Bitcoin Layer 2 network, has secured a total of $7 million in funding over…
The funding boost will accelerate Poe, Quora’s AI chat platform, as it carves a niche in the creator economy, allowing AI bot creators to monetize their efforts. Quora, the popular questions and answers platform, has successfully raised $75 million in funding from Andreessen Horowitz (a16z), marking its first funding round in nearly seven years. The…
allensima/iStock via Getty Images JIADE Limited’s IPO Is High Risk JIADE Limited (JDZG) has filed proposed terms to raise $9.9 million in an IPO of its ordinary shares, according to an SEC F-1 registration statement. The firm provides education support software and services for adult education institutions in China. Given the tiny size of the…
On December 28, the company announced that its fleet of 3,750 Bitcoin ASIC miners, purchased last year, had already generated profits due to the surge in the coin’s price. Canadian Bitcoin mining company Hive Digital has recently concluded a successful $22 million private financing round. The company achieved this milestone through the sale of 5.75…
Lolli, a leading bitcoin and cashback rewards platform, has announced the successful closure of an $8 million Series B funding round today, according to a press release sent to Bitcoin Magazine. The investment was led by BITKRAFT Ventures, alongside notable contributions from Sfermion, Ulta Beauty’s Prisma Ventures, Hypersphere Ventures, Rahul Pagidipati, 2 Punks Capital, MZ…
Unlike its competitors, Mistral AI chose to make its model available as a free download instead of providing access through APIs. This approach empowers developers to run the model on their own devices and servers. French Artificial Intelligence (AI) startup Mistral AI has reached a valuation of $2 billion following the conclusion of a successful…
Currently valued at $8.6 billion after its £590 million ($624 million) investment round last year, SumUp stands strong in private markets with no immediate plans for an initial public offering. London-based financial services company SumUp has secured £285 million worth approximately $307 million in its latest funding round to expand its business offerings to other…
While the SEC has yet to greenlight any spot ETF applications, the new filings lend further credence to the likelihood of a spot Bitcoin ETF approval soon. Investment manager BlackRock has revised its application for a spot Bitcoin ETF approval with the US Securities and Exchange Commission (SEC). The revision comes on the heels of…
In addition to portfolio management, Jellyverse will feature JellySwap, a decentralized exchange that will serve as home to its native crypto JLY. Jelly Labs AG and Fintonomy LTD, the companies developing the initial protocols for Jellyverse, a decentralized finance network built on the Ethereum Virtual Machine (EVM)-compatible layer-2 DeFiMetaChain (DMC), have announced the completion of…
Boosted by the news of the fundraising, the platform’s native token POKT experienced a notable increase over the past 24 hours. In a significant move towards bolstering its decentralized finance (DeFi) operations, Grove, formerly known as Pocket Network Inc, has raised $7.9 million from prominent institutional investors, CoinDesk informed on Thursday. According to the report,…
The investment round was accompanied by the launch of Wormhole Labs, an independent technology company “emerging from stealth to become a core contributor to Wormhole.” Wormhole, a blockchain protocol designed to address the interoperability challenges of pioneer blockchain networks such as Bitcoin and Ethereum, has secured $225 million in funding, propelling the company’s total valuation…
Saturn, a non-custodial peer-to-peer orderbook for satoshis, has successfully concluded its pre-seed funding round, securing over $500,000 in investments, according to a press release sent to Bitcoin Magazine. This raise was accomplished under the leadership of venture capital firm Big Brain Holdings, alongside the valued participation from UTXO Management, Kelsier Ventures, BOOGLE Syndicate, and various strategic…
typhoonski It has been a tough year so far for Cullen/Frost (CFR), the holding company of Texas-based Frost Bank. Shares of the firm have fallen around 30% with dividends year-to-date, roughly matching the struggles of the broader regional bank industry. Source: Seeking Alpha Putting recent industry turbulence to one side for a moment, there is…
A number of reputable investors participated in the Series E funding round, among them there were Lakestar, Lightspeed Venture Partners, Coinbase Ventures, and Baillie Gifford. Blockchain.com, a leading cryptocurrency exchange and wallet provider, recently raised $110 million in a Series E equity financing round that was led by UK-based Kingsway Capital. The latest investment comes despite…
With the recently secured Series B funding, Fnality is poised to continue its pioneering work in the tokenization of fiat currencies backed by Central Bank cash. Fnality, a fintech firm focused on building tokenized versions of major currencies collateralized by cash held at central banks, has successfully secured $95 million in its Series B funding…
In response to the allegations, Tether emphasized its commitment to preventing the misuse of cryptocurrencies for illicit activities. In a recent development, US Senator Cynthia Lummis (R-WY) has called upon the US Department of Justice (DOJ) to take decisive action against major cryptocurrency entities, Binance and Tether, over their alleged involvement in illicit financing associated…
BlackRock has taken an important step forward by obtaining a CUSIP number for its iShares Bitcoin spot ETF. BlackRock Inc (NYSE: BLK), one of the world’s largest asset managers, recently made headlines by announcing its plans to provide initial “seed” funding for its spot Bitcoin Exchange Traded Fund (ETF). This strategic move was revealed in…
Blockaid’s primary objective is to protect users from a range of security threats, including fraud, phishing, and hacking. Blockaid, a blockchain security startup, and partner of the popular MetaMask crypto wallet has secured $33 million in a Series A funding round, led by prominent industry venture capital firms, including Coinbase investor Ribbit Capital and early-stage…
Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and…
While early-stage crypto companies may still find willing investors, late-stage tech investors have largely exited the space. The crypto industry, which once thrived on investor exuberance and rapid growth, has recently hit a rough patch as venture funding for crypto startups in the third quarter of this year plunged to its lowest level since 2020….
The TON Foundation has formed a strategic partnership with MEXC, aiming to advance global Web3 accessibility and reduce entry barriers. Decentralized blockchain platform The Open Network (TON), initially designed by Telegram, has recently secured major funding from the crypto exchange MEXC. Venture Capital arm MEXC Ventures has pumped a total of 8 figures into TON,…
According to Founder and CEO Ben Leventhal, the amount raised will be focused on scaling the firm’s operations. Blackbird Labs, the team behind Web 3.0 restaurant loyalty platform Blackbird has completed a $24 million Series A funding round. According to a report by TechCrunch, the round was led by Andreessen Horowitz but also saw participation…
Ackman received a green light from the United States SEC with an intent to invest a minimum of $1.5 billion in private companies seeking to go public without following the traditional IPO route. Billionaire Bill Ackman, the Chief Executive Officer for Pershing Square, announced that his newly approved SPARC funding vehicle would absolutely consider a…
The core concept of IYK revolves around the integration of NFC (near-field communication) chips into merchandise and apparel. Besides, the platform is also popular among musicians and artists. IYK, a Web3 startup whose clientele includes Adidas, Billionaire Boys Club, and Atlantic Records, has successfully raised over $16.8 million in a seed round. Founder Ryan Ouyang…
Earlier this year, AlphaSense closed a Series D funding round with $100 million. AlphaSense, an artificial intelligence (AI) company with years of experience in developing products that are used by the majority of S&P 500 companies, has announced the closure of a Series E funding round with $150 million secured at a total valuation of…
The potential deal might put the company’s value anywhere from $5 billion to $6 billion, Character.AI, an artificial intelligence startup founded by former Google employees, is in the early stages of discussions to secure substantial funding, possibly exceeding $5 billion in valuation, Bloomberg reported on Thursday, citing people familiar with the matter who wished to…
Amsterdam, September 28, 2023 – Three finalists have been selected for the Bitcoin Alpha Competition, a crowd-sourced campaign to find the next top Bitcoin fund manager. The manager with the most promising approach for generating alpha in the bitcoin market will be awarded $1 million USD in seed capital and announced on the Main Stage…
Enflame, a company that was founded in March 2018, has already made significant strides in AI chip manufacturing. The company’s cloud chips have found applications in diverse sectors, including education, smart cities, and scientific research. Enflame Technology, a Chinese tech company specializing in artificial intelligence (AI) chip development, has announced the successful completion of its…
Uniswap had previously raised $17.3 in the first round of a $74 million funding that was mapped out for its developer. Decentralized exchange (DEX) Uniswap is set to vote on additional funding for its developer, Uniswap Foundation. That is according to a September 27 announcement by the DEX. Uniswap is hoping that the vote will…
With the new funds, Sierra Space intends to extend its flight activities to the space station and also focus on commercializing the lower earth orbit at scale for affordable operations. Privately held commercial space company Sierra Space is reportedly about to close a funding round with $300 million at a total market valuation of about…
With £3 billion in deposits, over £2 billion in loans on its balance sheet, and more than 400,000 credit cards issued since its launch in 2020, Zopa has rapidly established itself as a prominent player in the UK banking landscape. Zopa, a UK-based online banking company, has achieved a significant milestone, securing an additional $93…
The recent funding infusion will support Imbue in advancing and fine-tuning its reasoning-centric AI technology. On Thursday, September 7, AI Lab Imbue announced that they have successfully raised $200 million in Series B funding, at a massive valuation of $1 billion. The San Francisco-based startup specializes in training foundation models optimized for “reasoning”, a focus…
d-Matrix’s innovative chip designs have been gaining recognition, particularly for their effectiveness in powering generative AI applications like ChatGPT. d-Matrix, a rising star in the artificial intelligence (AI) chip industry, has successfully secured a significant $110 million in a series B funding round, with substantial support from heavyweight investors, including tech giant Microsoft Corp. This…
Point72 Ventures, through the funding round, will help GenTwo extend its offerings and also expand its international business. Securitization specialist fintech GenTwo has raised $15 million in a recently concluded Series A funding round. The round was led by venture capital firm Point72 Ventures, founded by billionaire hedge fund manager and investor Steven Cohen. The…
AI21 Labs is planning to use the money raised for developing AI products that will compete with ChatGPT developer OpenAI and AI safety and research company Anthropic. AI21 Labs, a Tel Aviv-based AI lab and product startup, has raised $155 million in a Series C funding round that was led by such companies as Walden Catalyst Management…
Ivy will use these funds to expand its footprint in different regions and partner with major payment service providers thereby helping them power their own open-banking offerings. On Thursday, August 31, Berlin-based startup Ivy announced that it secured a staggering $20 million in funding in order to take the open-banking payments international. Ivy recently built…
Apollo.io has grown to a respectable B2B platform with over 3 million global customers hence its revenue up more than nine times in the past two years. Leading all-in-one sales intelligence platform Apollo.io has announced the closure of its Series D funding round with about $100 million secured. According to the announcement, the just concluded…
Hugging Face provides various tools with AI code for data science hosting and development. The startup plans to use fresh funds for further expansion. In the latest Series D funding round, Hugging Face Inc – a startup making AI software and hosting it for other companies – secured $235 million in funding at a valuation…
BitGo, a leading Bitcoin and cryptocurrency custody firm, announced on Wednesday that it has successfully raised $100 million in its Series C financing round, bolstering its valuation to $1.75 billion. The funds will be allocated to amplify BitGo’s secure and regulated custody, wallet, and infrastructure solutions on a global scale and to facilitate strategic acquisitions. “Not only…
Today, Orange Pill App, a social networking app that facilitates real-life connections among Bitcoin enthusiasts, has successfully raised $250,000 in pre-seed funding, according to a press release sent to Bitcoin Magazine. The funding round was led by Lightning Ventures, accompanied by several other angel investors, including NBA star Matthew Dellavedova and Barefoot Bitcoin Fund. Orange…
Today, Hong Kong-based start up Bitcoin wallet Xverse announced they have successfully closed a $5 million seed funding round, according to a press release sent to Bitcoin Magazine. The round was spearheaded by Jump Crypto, a prominent name in the blockchain investment realm, and saw the participation of several other backers including RockawayX, Sfermion, Alliance, NGC Ventures, V3ntures, Old Fashion Research,…
The round follows approval for Neuralink’s first human trials received by the startup from the US Food and Drugs Administration (FDA) in May. Neuralink Corp, Elon Musk‘s startup that focuses on brain-machine interfaces to provide solutions for those with paralysis, has closed a $280 million funding round. The funds raised will be used to further develop its N1…
The funding comes at a time when investment in the crypto ecosystem is becoming scarce. Layer 2 data storage project EthStorage has raised $7 million in its seed funding led by crypto investment fund dao5. The round saw the participation of Foresight Ventures, Galxe, Gate Ventures, SevenX Ventures, and Sky9 Capital. Avant Blockchain Capital, Cloud…