Pune-based agritech firm Ecozen on Friday said it has raised $30 million (about Rs 250 crore) in a mix of equity and debt from existing investors including US-based global investment manager Nuveen.The debt support in the deal was fulfilled by InCred Credit Fund and U.S. International Development Finance Corporation through Ecozen’s exclusive advisor Setuka Partners, said a company statement.Ecozen said it has grown fivefold over the past two years, with a threefold increase in profit. The maker...
Workforce management platform Rippling has raised $200 million in new financing in a Series F round that values the company at $13.5 billion. Rippling has also signed agreements with investors to repurchase up to $590 million in equity from current and former employees and early investors, Rippling CEO Parker Conrad wrote in a Monday (April 22) blog post. The […]
The company's initial public offering price was estimated to be between $76
Cybersecurity software firm Rubrik, which counts Microsoft among its prominent investors, is aiming to raise as much as $713 million in its initial public offering, according to a person familiar with the matter. Palo Alto, California-based Rubrik is planning to sell 23 million shares priced between $28 and $31 per share, the source said on condition of anonymity because the discussions are confidential. At the upper end of the range, Rubrik would be valued at about $5.4 billion, the source...
The new Coca-Cola $1.1 billion deal looks to incorporate Microsoft's AI in potentially improving its beverage-making services.
FPT plans to use Nvidia's support to boost AI research in Vietnam
Humane's tiny, $700 wearable computer, AI Pin, vowed to be a virtual assistant. But savage reviews of the device have blasted the AI for giving incorrect answers. One reviewer: 'I'm hard-pressed to name a single thing it's genuinely good at'. READ MORE: New transparent TVs and
Online legal platform Lawhive has secured 9.5 million pounds ($11.8 million) in funding from GV (Google Ventures) and Episode 1 Ventures. The company will use the new funding to further its mission of providing an artificial intelligence (AI)-powered platform designed to help lawyers save time and earn more, Lawhive said in a Monday (April 15) […]
Red Lobster's Cheddar Bay Biscuits are one of its most beloved dishes, a craveable snack often spotlighted in the restaurant chain’s social media activity. Fans have shared so many posts expressing their love for the fresh-baked bread course that Red Lobster had enough material to train an AI song generator to produce 30 new tunes about the biscuits. The two 15-track Cheddar Bay-I playlists dropped on Red Lobster’s YouTube channel today. The songs run about a minute each and play over images...
Chip startup Rivos said on Tuesday it raised $250 million in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence. Nvidia's combination of chips and CUDA software dominates the market for AI-related computing, and Nvidia gobbled up more than 80% market share of AI chips in 2023. But a host of startups and chip giants have started to launch competing products, such as Intel's Gaudi 3 and Meta's inference chip - both unveiled last week. Rivos...
Tax software companies Intuit and H&R Block are using AI assistants to give products an edge this Tax Day — but they're not wholly reliable.
The United States Attorney's Office announced Thursday they have seized the internet domains used to create over 40,000 fake websites and steal information from over 1,000,000 people as part of an investigation involving 19 countries.