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AI startup Dream raises $100 million at $1.1 billion valuation
Economic Times
ยท
5m ago
Medial
AI security company Dream raised $100 million in a funding round led by Bain Capital Ventures, reaching a valuation of $1.1 billion. Additional investors included Group 11, Tru Arrow, Tau Capital, and Aleph. Despite a subdued venture capital market, investor interest in artificial intelligence remains high as businesses strive to implement AI-driven efficiencies.
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Robot startup Figure raises $675 mn from Microsoft, Bezos, others
Inshorts
ยท
1y ago
Medial
Humanoid robot startup Figure AI has raised $675 million from investors including Amazon Founder Jeff Bezos and Microsoft at a $2.6 billion valuation. The US-based startup's funding round also involved OpenAI, NVIDIA, Intel and ARK Invest. Bloomberg reported last week that Bezos' Explore Investments was committing $100 million to the startup, while Microsoft was investing $95 million.
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US-based voice AI startup ElevenLabs gains unicorn status after latest fundraising
Economic Times
ยท
1y ago
Medial
ElevenLabs, an AI startup focused on voice generation, has reached a valuation of $1.1 billion after raising $80 million in its latest funding round. The London-based company offers AI models and tools for creating AI-generated voices, with applications in various industries such as gaming and media. The firm plans to expand its workforce from 40 to 100 employees by the end of the year. Its products include AI Speech Classifier and movie dubbing tools, and it is also developing a marketplace for licensing AI voices.
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Tricked into selling 15% stake for $100: Unicorn startup Stability AI's Co-founder
Reuters
ยท
2y ago
Medial
A lawsuit has been filed by Cyrus Hodes, the Co-founder of Stability AI, against the AI startup and its CEO Emad Mostaque, alleging that he was deceived into selling his 15% stake for a mere $100. Hodes claims that Mostaque convinced him that his shares had no value, while Stability AI later raised over $100 million at a valuation of $1 billion, making Hodes' stake potentially worth $150 million at present.
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PhysicsWallahโs valuation to soar 2.5x to $2.8 bn in new funding
The Arc Web
ยท
11m ago
Medial
Edtech firm Physics Wallah is close to raising a $150 million fundraising round led by hedge fund Hornbill Orchid, with participation from venture capital firm Lightspeed Venture Partners, at a $2.8 billion valuation. This would be a 2.5x jump in valuation for the profitable tech firm since its last round in 2022 when it raised $102 million at a $1.1 billion valuation.
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Omada Health Raises $150 Million in Nasdaq IPO at $19 a Share, Valued at $1.1 Billion (Ticker: OMDA) | DeepNewz VC
deepnewz
ยท
2m ago
Medial
Omada Health is set to price its IPO at $19 per share, driven by high investor interest in GLP-1s. The valuation for the company is estimated at $1.1 billion.
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Physics Wallah says cautiously monitoring market for opportunities
Economic Times
ยท
1y ago
Medial
Edtech company Physics Wallah is cautiously exploring opportunities aligning with its vision to ensure sustainability. Having secured $100 million in Series A funding at a $1.1 billion valuation in 2022, Physics Wallah aims to thrive amid a stretched funding landscape. The company has also ventured into offline teaching and formed school partnerships, believing that schools will remain integral to the Indian education system. Physics Wallah has pledged $10 million for its school-integrated program and is targeting international expansion in the GCC (Gulf Cooperation Council) region.
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Porter looks to raise $100 million from private equity firms
Livemint
ยท
8m ago
Medial
Private equity firms are planning to invest $100 million in Indian intra-city logistics platform Porter, in a deal that would value the company at $1.1-$1.2 billion. The funding round will consist of both primary and secondary share sales. Investors including Kedaara Capital, Multiples, and Peak XV are reportedly interested. Previously, Porter reached a valuation of $1 billion earlier this year. The company aims to expand its domestic reach to around 40 cities in the next few years and is also considering international expansion beyond Dubai. Porter's revenue grew 56% in FY24.
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How much money has Zepto, founded by two dropouts at age 19, raised so far?
Inshorts
ยท
1y ago
Medial
Quick commerce startup Zepto, founded by Stanford dropouts Aadit Palicha and Kaivalya Vohra at age 19, raised $60 million in October 2021. Later in December 2021, it raised $100 million in Series C, followed by $200 million in May 2022. Zepto became a unicorn in 2023 after raising $235 million. It has now raised $665 million at $3.6 billion valuation.
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Fintech startup Ramp raises $300M at a 28% lower valuation of $5.8B
TechCrunch
ยท
1y ago
Medial
Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion
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Ramp hits $22.5B valuation just 45 days after reaching $16B | TechCrunch
TechCrunch
ยท
9d ago
Medial
Ramp, an expense management startup, raised $500 million at a $22.5 billion valuation, just 45 days after a previous $200 million round at a $16 billion valuation. Led by Iconiq Growth with Founders Fund and D1 Capital Partners, this funding supports Ramp's vision for AI-driven "autonomous finance." Ramp, which became cash-flow positive earlier this year, has raised a total of $1.9 billion and boasts 40,000 customers, with annualized revenue of $700 million as of March.
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