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...
Founded by Dubliner Gareth Sheridan, Nutriband listed on Nasdaq in October 2021. Now, its flagship opioid patch product is a step closer to getting FDA approval. : Nutriband raises millions for drug abuse deterrent product
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...
Medulance, an emergency healthcare services startup, has raised $3 million in Series A funding, led by Alkemi Growth Capital.The funding round also saw participation from investors such as Dexter Capital, Boat founder Aman Gupta, and Emcure Pharmaceuticals’ executive director Namita Thapar. The New Delhi-based startup has raised fresh capital after running as a profitable bootstrapped company for six years, it said in the statement.The funds will be used to increase its presence across the...
On Monday, Craig-Hallum maintained a positive outlook on Credo Technology
Cambridge-based drug discovery company CN Bio has closed a $21m (£17m) Series B funding round to develop technology that it says eliminates the need for animal testing. The company specialises in organ-on-chip (OOC) technology, a process in which engineered or natural tissues are grown inside chips to mimic human physiology. CN Bio uses OOC tech […]
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
Puffer Finance secures $18 million in funding round led by Brevan Howard Digital and Electric Capital. Crypto exchanges Coinbase and Kraken also invest in the Ethereum liquid restaking protocol. Puffer Finance, an Ethereum liquid staking protocol on Eigenlayer, has raised $18 million in its latest funding round. An announcement on Tuesday says Brevan Howard Digital […]
European neobank Bunq’s shareholders signed a commitment letter in March to provide 29 million euros (about $31 million) of capital to finance the company’s growth. The new commitment followed the majority shareholder’s injection of 125 million euros (about $133 million) up to December, Bunq said in its 2023 annual report. “2023 saw Bunq growing faster than ever,” […]
School referendum dollars and resulting state funding hikes come in slowly.
TOPEKA (KSNT) — Seven days until the seventh St. Jude Dream Home Campaign in Topeka, and every ticket sold and penny raised helps a child's chance of living. Over the past six years, with the help of your generosity, the Topeka community has been able to raise more than $4 million during the St. Jude []