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Anthropic seeks to raise $750 million in funding round led by Menlo Ventures
Economic Times
·
1y ago
Medial
AI startup Anthropic is reportedly in talks to raise $750 million in a funding round led by Menlo Ventures, which would give the company a valuation of $18.4 billion. The startup, co-founded by former executives from Microsoft-backed rival OpenAI, aims to compete with OpenAI and establish its position as a leader in the technology sector. Anthropic's AI models, including the Claude AI models, have already attracted investments from companies like Google and Amazon.
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Anthropic could be headed for an OpenAI-style showdown
Gizmodo
·
1y ago
Medial
Anthropic, an AI startup founded by Dario Amodei, is reportedly seeking to raise $750 million from Menlo Ventures, valuing the company at $15 billion. This potential funding comes after Google and Amazon invested $6 billion in Anthropic. While Anthropic's premier chatbot Claude rivals OpenAI's GPT in technical ability, the company's complex board structure, overseen by a group called the Long-Term Benefit Trust, raises questions about potential conflicts and pressures to commercialize. As with OpenAI, the tension between maintaining safety goals and meeting investors' expectations could pose challenges for Anthropic.
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Digital lending startup Fibe eyes $35 million fundraise from IFC - The Economic Times
Economic Times
·
3d ago
Medial
Digital lending startup Fibe seeks to raise $35 million in a funding round led by the International Finance Corporation (IFC), with participation from existing investors like Eight Road Ventures, Norwest Venture Partners, and TPG. Fibe has previously raised $228 million. The startup, focused on consumer loans, plans to expand into education and green energy loans. It aims to enhance its valuation and considers an IPO within two years.
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Exclusive: Security startup Horizon3.ai is raising $100M in new round
TechCrunch
·
2m ago
Medial
Horizon3.ai, a cybersecurity startup specializing in autonomous threat detection tools, is aiming to raise $100 million in a new funding round, with $73 million already secured. Led by NEA, the startup's valuation is believed to be over $750 million. Founded in 2019 by former U.S. Special Operations cyber operators, Horizon3.ai recently received FedRAMP authorization and reported 101% year-on-year revenue growth, reinforcing its position in the cybersecurity industry.
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Anthropic to Raise $2 Billion at $60 Billion Valuation, Months After Amazon Funding
OutlookIndia
·
6m ago
Medial
Anthropic, an AI startup, plans to raise $2 billion at a $60 billion valuation, following a $4 billion investment from Amazon. If successful, Anthropic will rank as the fifth most valuable U.S. startup, after SpaceX, OpenAI, Stripe, and Databricks. Co-founded by former OpenAI executives, Anthropic focuses on developing AI models like Claude, competing in the AI race with companies like xAI and Google Deepmind. The funding round is reportedly led by Lightspeed Venture Partners.
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Pocket FM’s fresh fundraise likely to value audio streaming startup at $1.2 billion
Economic Times
·
1y ago
Medial
Pocket FM, an online audio streaming platform, is reportedly nearing a new fundraising round that could value the company at around $1.2 billion. The startup is in talks with the Abu Dhabi Investment Authority for the funding, which is expected to include a secondary sale of shares. Pocket FM recently announced a $103 million equity funding round, led by Lightspeed Ventures, bringing its valuation to $750 million. The company, which offers audiobooks and serialized audio content, has over 130 million registered users, with a significant portion based in the US.
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Metalbook, three others raise early-stage funding
VCCircle
·
1y ago
Medial
Metal supply chain platform Metalbook has raised $15 million in a Series A funding round led by Rigel Capital, while internet browser Veera has raised $6 million in a seed funding round led by Ayon Capital. Quick service restaurant IDC Kitchen has raised $180,647 in a funding round from Velocity, and haircare startup iluvia has raised an undisclosed amount in a Series A funding round from Fireside Ventures and Multiply Ventures.
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Windfall Bio is seeing strong demand for its methane-eating microbe startup
TechCrunch
·
1y ago
Medial
Menlo Park-based startup Windfall Bio has raised $28m in a series A funding round led by Prelude Ventures, with participation from the Climate Pledge Fund, Incite Ventures and Positive Ventures, among others. The company deploys methane-eating microbes to agriculture, oil and gas and landfill sectors to absorb emissions and convert them into fertiliser for use or sale. Windfall's solution aims to provide a low-cost alternative to traditional carbon capture technologies, and has seen high demand since emerging from stealth in March. The market for methane-reduction technology is still in its early stages, offering plenty of growth potential.
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Ather Energy bags Rs 550 Cr from Hero MotoCorp
Entrackr
·
1y ago
Medial
Ather Energy, an electric scooter manufacturer, is set to raise INR 550 crore (approximately $73 million) through a right issue, with investment coming from Hero MotoCorp, a multinational motorcycle manufacturer. Hero MotoCorp holds a 33.1% stake in Ather prior to this investment. This funding agreement follows Hero MotoCorp's participation in a $128 million funding round for Ather in May 2022. Ather Energy's valuation was estimated to be around $750 million in October 2021 during a $50 million funding round.
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Biryani By Kilo raises Rs. 75 Cr in a new round
Entrackr
·
1y ago
Medial
Biryani By Kilo (BBK), a cloud kitchen company, has raised $9 million (Rs. 75Cr) in its Series C round led by Alpha Wave Ventures. This funding round marks the company's first equity raise in more than two years. Other investors in the round include Ivycap Ventures, Incred Wealth, Clear Bridge Ventures, and several individuals. With this investment, BBK has raised a total of $55 million to date. The company aims to break even in the first quarter of FY24 and claims a revenue of Rs 300 crore in FY23. BBK competes with brands like Behrouz Biryani and Biryani Blues.
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Silence Laboratories, four others raise early-stage funding
VCCircle
·
1y ago
Medial
Privacy-tech startup Silence Laboratories, SaaS startups Zvolv and Nurturev, construction material marketplace Bandhoo, and ambulance service provider Dial4242 have announced early-stage funding. Silence Laboratories raised $4.1 million in a pre-Series A funding round led by Pi Ventures to scale their technology and expand their presence. Zvolv raised $1.9 million led by Silverneedle Ventures to enhance their low-code/no-code AI platform. Nurturev secured $1 million in a pre-seed funding round led by Antler, while Bandhoo raised $886,479 in a pre-Series A funding round led by Venture Catalysts. Dial4242 secured $120,609 in seed funding from Raj Neravati to improve their ambulance services.
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