Business
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DevRev Becomes AI Unicorn After Raising $100.8 Million in Series A
DevRev has secured $100.8 million in Series A funding, achieving a $1.15 billion valuation. This funding round, led by Khosla Ventures with contributions from Mayfield Fund, Param Hansa Values, U First Capital, and other notable…
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Lucid CEO Defends $1.75 Billion Capital Raise After Stock Plunge
Lucid CEO Peter Rawlinson clarified that Wall Street misunderstood the company’s recent $1.75 billion capital raise, a move that led to a significant drop in Lucid’s stock price last Thursday. The offering involved the sale…
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AI Evolution: Hugging Face, Nvidia, and OpenAI Pioneering Small Language Models
Three major players in artificial intelligence unveiled compact language models this week, signaling a major shift in the AI industry. Hugging Face, Nvidia in partnership with Mistral AI, and OpenAI have each released small language…
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Nami Distributed Energy in Vietnam Secures $10M Investment from Clime Capital
Clime Capital, a Singapore-based fund manager specializing in accelerating the low carbon transition, has made a significant investment of $10 million in Nami Distributed Energy (Nami). This Vietnam-based clean energy company is known for its…
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Fintech disputes have led TabaPay to abandon its purchase of bankrupt Synapse.
In a significant shift in the fintech landscape, TabaPay has officially withdrawn its intent to acquire the assets of the financially troubled Synapse, a banking-as-a-service startup. This decision, confirmed through multiple sources including TechCrunch and…
