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News on Medial
Altman-backed Retro Bio to raise $1 billion to extend human life
Inshorts
·
6m ago
Medial
Retro Biosciences, a biotech startup that wants to extend the human lifespan by 10 years, is raising $1 billion in a Series A funding round. OpenAI CEO Sam Altman, who earlier gave $180 million to the startup in seed funding, is joining the round, the FT reported. The startup plans to initiate drug trials targeting diseases like Alzheimer's.
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Silicon Valley's Elite Rewrite the Aging Narrative
StartupTalky
·
1y ago
Medial
Silicon Valley billionaires like Jeff Bezos, Sam Altman, and Peter Thiel are investing significant amounts of money in anti-aging research. Altman has invested $180 million in Retro BioScience, while Bezos has invested $3 billion in Altos Labs. These investments highlight a growing interest in extending human life and challenging the inevitability of aging. The anti-aging market is expected to reach $421.4 billion by 2030, driven by an aging population and increasing awareness of anti-aging products and services. Despite challenges, such as translating animal studies to humans, the future looks promising for age reversal research.
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Altman, Apple ex-designer Jony Ive's startup to raise $1 bn
Internet
·
1y ago
Medial
An AI startup founded by OpenAI CEO Sam Altman and Apple's former Chief Design Officer Jony Ive is in talks to raise up to $1 billion, The Information reported. The startup has reportedly held discussions with SoftBank CEO Masayoshi Son, Emerson Collective and Thrive Capital. As per the report, the startup aims to make an AI-powered personal device.
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Perplexity plans to raise up to $1 bn at $18 bn valuation
Inshorts
·
4m ago
Medial
Perplexity AI is in early talks to raise up to $1 billion in funding at $18 billion valuation, Bloomberg reported. This new funding round could potentially double the AI startup's valuation from $9 billion as of December. Led by CEO Aravind Srinivas, the startup is backed by NVIDIA, Amazon Founder Jeff Bezos and Japan's SoftBank Group.
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NIIF set to bring offshore LP on board for new $1 bn fund to back PE/VC firms
VCCircle
·
1y ago
Medial
The Indian government-backed investor NIIF plans to raise $1 billion for its second fund-of-funds called Private Markets Fund (PMF-II). This fund aims to support private equity and venture capital firms. NIIF is seeking an offshore limited partner (LP) for this initiative.
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Alibaba-backed eWTP Arabia Capital gets new LP for $1 bn fund
VCCircle
·
1y ago
Medial
eWTP Arabia Capital, a growth stage private equity fund backed by Alibaba, is expected to secure a $1 billion commitment from an Asian multilateral institution for its latest tech innovation fund. The Beijing and Riyadh-based fund aims to raise funds for investing in promising tech startups.
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Alpha Wave, Tiger Global-backed Oxyzo plans Series B funding round
VCCircle
·
2m ago
Medial
Oxyzo Financial Services Ltd, backed by Alpha Wave and Tiger Global, is planning a Series B funding round after its assets under management exceeded $1 billion. This non-bank lender, an arm of the B2B marketplace OfBusiness, aims to raise fresh funds to support its expansion.
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OpenAI hits $2 billion revenue milestone as growth skyrockets
Economic Times
·
1y ago
Medial
Microsoft-backed OpenAI has reached a revenue milestone of $2 billion in December, with expectations to double this figure by 2025. The company's strong growth is attributed to the interest from business customers in using its generative AI tools. OpenAI's annualized revenue was reported to be more than $1.6 billion in December, mainly driven by its ChatGPT product. The San Francisco-based startup is valued at over $80 billion and its CEO, Sam Altman, is in discussions with investors to raise funds for expanding its chip-building capacity and AI capabilities.
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Tiger Global-backed Groww confidentially files for up to $1-bn IPO
VCCircle
·
2m ago
Medial
Groww, backed by Tiger Global, has confidentially filed for an IPO with SEBI, aiming to raise $800 million to $1 billion, valuing the company at around $7 billion. The IPO will combine fresh issues and offer-for-sale components. Proceeds will enhance technology infrastructure and business expansion. Groww, India's largest stock broking firm, has a 26% market share, with a significant client base increase. Additionally, it plans to raise $150 million from GIC, amid ongoing funding efforts.
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United Arab Emirates fund in talks to invest in OpenAI
Livemint
·
10m ago
Medial
United Arab Emirates (UAE) state-owned firm, MGX, is reportedly in discussions to invest in OpenAI as part of a funding round for the company. OpenAI aims to raise up to $6.5 billion, which would value it at $150 billion. Thrive Capital has committed $1 billion and will lead the round, while Microsoft, Apple, and Nvidia are also said to be considering investments. The UAE's interest in the AI sector has been growing, with OpenAI CEO Sam Altman reportedly seeking their support for funding initiatives.
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SoftBank-backed InMobi looks to raise $1 billion via Indian IPO - The Economic Times
Economic Times
·
15d ago
Medial
InMobi, backed by SoftBank, plans to raise $1 billion through an IPO in Mumbai, aiming for a $5-6 billion valuation. Founded in 2007, it was among India’s early unicorns. The IPO could align with the trend of Indian tech startups pursuing domestic listings rather than overseas options. InMobi's move could contribute to the over $7 billion already raised through Indian IPOs this year, following nearly $21 billion raised last year.
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