Artificial intelligence startup Symbolica, which develops foundation models to compete with ChatGPT creator OpenAI, announced a $31 million series A funding round led by Khosla Ventures on Tuesday. General Catalyst, Abstract Ventures and Buckley Ventures also participated in the round, the company said. Symbolica has created a framework that will enable it to develop alternatives to the transformer deep learning architecture, said Symbolica CEO George Morgan, who formerly worked at Tesla on...
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...
Neysa, a Mumbai-based artificial intelligence (AI) cloud and platform-as-a-service startup, has raised $20 million (about Rs 166 crore) in a funding round led by Matrix Partners India, Nexus Venture Partners and NTTVC.The company, the second venture of data centre services provider Netmagic founder Sharad Sanghi, said it will use the funds for expanding infrastructure required for strengthening its research and development team, and for sales and marketing.“When it comes to infrastructure and...
Tallahassee - A federal appeals court is looking at whether Florida could legally challenge Biden administration immigration policies, after a district judge sided with the state in a fight spearheaded by Attorney General Ashley Moody and Gov. Ron DeSantis.
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
The B2B landscape is on the cusp of the next era in payments innovation. As PYMNTS readers already know, this new and exciting era is being driven by an ongoing digital transformation of historical processes and an electronic streamlining of traditional workflow hiccups. In order to capture the concrete opportunities that exist for B2B businesses to […]
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...
Sheeva.AI has announced that its in-vehicle payment technology is now available in Citroën vehicles in India. The solution powered by the company’s SheevaConnect product suite is available in Citroën C3 Aircross SUV AT vehicles that are in showrooms across the country, the company said in a Tuesday (April 16) press release emailed to PYMNTS. Sheeva.AI described the vehicle in […]
On Monday, Craig-Hallum maintained a positive outlook on Credo Technology
Microsoft has more details on how it is trying to fight against hacker attacks on the guardrails to AI services after deep fake images of Taylor Swift were reportedly made in Microsoft Designer.
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 […]