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Affiniti, LMArena, and Catena Labs Secure Funding for AI and Fintech Innovations | DeepNewz VC
Business Bytes
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3m ago
Medial
Affiniti, LM Arena, and Catena Labs have successfully secured funding aimed at boosting AI and fintech innovations. The funding round was led by Andreessen Horowitz (@a16z), the University of California, and other prominent backers. One of the highlighted objectives is the development of infrastructure for open, reliable AI evaluation by LM Arena. The teams are enthusiastic about future developments and encourage feedback and engagement from the community to enhance their offerings.
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Boston-Based Catena Labs, Co-Founded by Circle’s Sean Neville, Raises $18M Seed Round Led by a16z With Tom Brady Investing | DeepNewz VC
deepnewz
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3m ago
Medial
Catena Labs, a Boston-based crypto AI startup co-founded by Circle co-founder Sean Neville, has successfully raised $18 million in a seed funding round. Investors include prominent names like a16z, Coinbase, and Tom Brady. Catena Labs aims to establish an AI-native financial institution that facilitates autonomous AI agent transactions, leveraging cutting-edge technology to redefine financial interactions. This innovative approach is expected to further bridge the gap between AI technology and financial services.
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Catena Labs Raises $18M Led by a16z Crypto in May 2025; Gravitee Hits $125M Total Funding with $60M Series C | DeepNewz VC
Business Bytes
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3m ago
Medial
Catena Labs, co-founded by Circle co-founder Sean Neville, has emerged from stealth with the goal of building an "AI-native bank" and has secured an $18 million seed funding round led by a16z. This initiative aims to integrate artificial intelligence more deeply into banking processes, representing a significant step in the financial technology sector. The funding and support from a16z highlight the potential and interest in innovative AI-driven banking solutions.
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UC Berkeley Spin-Off LMArena Raises $100M for AI Reliability, Valued at $600M | DeepNewz VC
Business Bytes
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3m ago
Medial
UC Berkeley spin-off LM Arena, known for its influential AI leaderboards, raised $100 million in a recent funding round, boosting its valuation to $600 million.
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Sahara Labs AI Raises $49 Million Backed by YZI Labs, Polychain, DAO5 for Decentralized Data Annotation Platform | DeepNewz VC
deepnewz
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3m ago
Medial
Sahara Labs AI, a decentralized project, focuses on data labeling for AI and crypto projects, catering to both Web3 and Web2 enterprises. Recently, it raised $49 million with backing from Yzi Labs, Polychain, and DAO5. The funding will enhance its capabilities in offering decentralized data labeling solutions, meeting the demands of AI projects across various sectors. Sahara Labs aims to bridge the gap between traditional and blockchain-based AI initiatives.
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Fintech firms enabling secure, inclusive financial services for merchants, MSMEs: FM
YourStory
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3m ago
Medial
Finance Minister Nirmala Sitharaman praised fintech innovations for enhancing secure and inclusive financial services during her visit to Pine Labs. She highlighted their role in expanding India’s Digital Public Infrastructure, benefiting merchants and MSMEs. Sitharaman witnessed demonstrations of fintech solutions related to prepaid instruments and the Account Aggregator framework, emphasizing their transformative impact. A recent study showed 90% of MSMEs accept online payments, but only 18% utilize digital lending, indicating growth potential.
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Fintech startup AuthPay raises $450,000 led by SCOPE VC
IndianStartupNews
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1y ago
Medial
Fintech startup AuthPay has raised $450,000 in a pre-seed funding round led by SCOPE VC. AuthPay offers secure payment solutions for businesses worldwide, leveraging advanced technology to streamline transactions and enhance security. In addition to the funding, AuthPay will receive mentorship and operational support from SCOPE VC's network. AuthPay's smart wallet uses AI technology to recommend the best card for each transaction, maximizing rewards for customers. The partnership with SCOPE VC is expected to fuel AuthPay's growth and innovation in the fintech sector.
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Jeff Bezos-Backed Altos Labs Acquires Dorian Therapeutics, NewLimit Raises $130M for Anti-Aging Therapies | DeepNewz VC
Business Bytes
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3m ago
Medial
Jeff Bezos-backed Altos Labs has acquired Dorian Therapeutics, a small Peninsula company focused on anti-aging technologies. Altos Labs, which has raised $3 billion in funding, aims to explore solutions for longevity and combat aging processes. In another development, NewLimit, another company within the biotech sphere, successfully secured $130 million to support its initiatives. Both acquisitions and funding illustrate the burgeoning interest and investment in anti-aging research and therapies.
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B2B infra, AI and DPI plans are brewing at 2025-ready fintech
Economic Times
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8m ago
Medial
As the fintech sector approaches 2025, founders are expected to focus on B2B infrastructure, secure credit products, DPI services, and AI in compliance and fraud detection. Despite tighter regulation in 2024, fintechs aim to automate compliance to reduce costs. AI will enhance efficiency in coding, marketing, and product delivery. There's a slowdown in fintech investment, yet opportunities lie in debt collections, underwriting, and DPI innovations. Credit, especially in B2B and trade sectors, remains vital, attracting venture interest.
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Niantic Sells Gaming Business to Scopely for $3.5 Billion, Launches $250M-Funded Niantic Spatial with AI, AR, Partnerships | DeepNewz VC
deepnewz
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3m ago
Medial
Scopely has completed its acquisition of Niantic's gaming division for $3.5 billion. This strategic move comes as Niantic, known for augmented reality titles like Pokémon GO, aims to pivot its focus towards AI and AR innovations. Supported by $250 million in funding, Niantic plans to enhance its technology offerings in these emerging sectors, while Scopely seeks to bolster its portfolio with popular gaming franchises and broaden its market reach.
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Bitlayer Labs Secures Funding from MN Capital, Advances Bitcoin with BitVM and Over 260 Projects | DeepNewz VC
deepnewz
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3m ago
Medial
Bitlayer Labs has secured funding from MN Capital, advancing Bitcoin's BitVM technology. Starknet, a layer 2 solution for Ethereum, has significantly reduced gas fees, making it 500 times cheaper than Ethereum Layer 1. This optimization enhances both cost efficiency and user experience, making Starknet versatile and adaptable for various applications. Through these developments, both Bitlayer Labs and Starknet are set to offer improved blockchain solutions, further advancing the cryptocurrency ecosystem.
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