Finance
-
Filigran Raises $35M to Expand Its Cybersecurity Threat Management Platform
Filigran, a cybersecurity startup based in Paris, has raised $35 million in a Series B funding round, led by Insight Partners and supported by previous investors Accel and Moonfire. This follows a $16 million Series…
-
UK Digital End-of-Life Startup Farewill Acquired for $16.8M by Dignity
Dignity, a major U.K. funeral service provider, has acquired digital end-of-life services startup Farewill in an all-shares deal valued at £12.9 million ($16.8 million). Farewill, which was founded in 2015, offers online tools for writing…
-
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…
-
Byju’s Once Valued at $22 Billion, Now Worth Nothing Says Founder
Byju Raveendran, founder of the edtech giant Byju’s, disclosed on Thursday that his company, once valued at $22 billion, has now effectively become “worth zero.” He attributed the downfall to a series of mistakes, including…
-
The UK allocates $273 million towards an AI supercomputer to enhance its competitiveness in the global race with the U.S. and China.
On Wednesday, the United Kingdom’s government announced a substantial investment of £225 million, equivalent to $273 million, in the development of an artificial intelligence supercomputer. This move underscores the nation’s commitment to establishing a leadership…
