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Oncade Raises $4 Million Led by Andreessen Horowitz to Launch Direct-to-Consumer Web3 Game Platform Bypassing App Stores | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Oncade Raises $4 Million Led by Andreessen Horowitz to Launch Direct-to-Consumer Web3 Game Platform Bypassing App Stores | DeepNewz VC

Oncade has raised $4 million, led by Andreessen Horowitz, to launch a platform that allows game studios to sell directly to consumers, bypassing traditional app stores. This initiative aims to eliminate high platform fees and empower communities to drive game sales directly.

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Andreessen Horowitz Leads $300 Million Round Backing Abridge AI Valued at $5.3 Billion for Doctor-Patient Transcription | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Andreessen Horowitz Leads $300 Million Round Backing Abridge AI Valued at $5.3 Billion for Doctor-Patient Transcription | DeepNewz VC

Andreessen Horowitz led a $300 million funding round for Abridge AI, valuing it at $5.3 billion. Meanwhile, U.S. venture capitalists are actively engaging with China's biotech sector, indicating a burgeoning interest in tapping into Chinese innovation within this industry.

Ember Sword Shuts Down After $7M Raised and $11M NFT Sales Amid Web3 Gaming Challenges; Aurory Beta Launch Planned | DeepNewz VC

deepnewz

deepnewz · 2m ago

Ember Sword Shuts Down After $7M Raised and $11M NFT Sales Amid Web3 Gaming Challenges; Aurory Beta Launch Planned | DeepNewz VC

Ember Sword, a crypto game, has shut down after raising $7 million and making $11 million in NFT sales. Despite its financial success, the game succumbed to challenges prevalent in Web3 gaming.

Affiniti, LMArena, and Catena Labs Secure Funding for AI and Fintech Innovations | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Affiniti, LMArena, and Catena Labs Secure Funding for AI and Fintech Innovations | DeepNewz VC

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.

Worldcoin Raises $135 Million via WLD Token Sale From Andreessen Horowitz and Bain Capital Crypto to Expand Privacy-Preserving Network | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Worldcoin Raises $135 Million via WLD Token Sale From Andreessen Horowitz and Bain Capital Crypto to Expand Privacy-Preserving Network | DeepNewz VC

Worldcoin has successfully raised $135 million through the sale of its WLD tokens. The project focuses on advancing "Proof of Human," a technology standard aimed at ensuring human authenticity, particularly in the age of AI, while prioritizing privacy protection. Andreessen Horowitz and Bain Capital are among the major investors expressing their continued commitment and enthusiasm for the project, highlighting its significant progress and potential impact.

Hex Raises $70 Million Series C Led by Sequoia, a16z, Snowflake, Redpoint, Avra to Advance Agentic Analytics and Data Apps | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Hex Raises $70 Million Series C Led by Sequoia, a16z, Snowflake, Redpoint, Avra to Advance Agentic Analytics and Data Apps | DeepNewz VC

Hex has raised $70 million in a Series C funding round led by Sequoia, Andreessen Horowitz (a16z), Snowflake, and Redpoint with Avra participating as well. The company is redefining analytics for the AI era, providing tools that enable influential companies worldwide to transform data into actionable insights. Anu Hariharan from Sequoia highlighted Hex's capability in making analytics more accessible and valuable for organizations aiming to leverage their data effectively.

Worldcoin Raises $135 Million via WLD Token Sale From Andreessen Horowitz and Bain Capital Crypto to Expand Privacy-Preserving Network | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Worldcoin Raises $135 Million via WLD Token Sale From Andreessen Horowitz and Bain Capital Crypto to Expand Privacy-Preserving Network | DeepNewz VC

Worldcoin has successfully raised $135 million through its WLD token sale, attracting prominent investors like Andreessen Horowitz and Bain Capital. The initiative focuses on advancing "Proof of Human," a technology standard crucial in the AI era while ensuring user privacy. Chris Dixon, a notable figure in the tech community, praised the project's progress and expressed excitement over continued investment. The funding signifies confidence in Worldcoin's vision and its potential impact on AI and privacy technologies.

How D2C brands are racing to own the last mile - BusinessToday

Business Today

Business Today · 1m ago

How D2C brands are racing to own the last mile - BusinessToday

The rise of direct-to-consumer (D2C) brands, alongside quick commerce, is transforming India's retail landscape post-pandemic. Initially focused on bypassing traditional retail to connect directly with customers and utilize first-party data, D2C strategy has now evolved into a race for speed. The competitive edge today lies not just in direct consumer access but in achieving faster delivery, highlighting a dynamic shift in retail priorities.

Voya Games Raises $5 Million with 1kxnetwork to Develop Player-Owned Web3 Game Craft World and Launch Angry Dynomites | DeepNewz VC

Business Bytes

Business Bytes · 2m ago

Voya Games Raises $5 Million with 1kxnetwork to Develop Player-Owned Web3 Game Craft World and Launch Angry Dynomites | DeepNewz VC

Voya Games has raised $5 million, co-led by 1kxnetwork, to develop a Web3 game featuring player-owned economies. The studio aims to integrate asset volatility as a core gameplay element, distinguishing itself from traditional crypto games. Voya Games focuses on creating a unique gaming experience by aligning with blockchain principles, enhancing player participation and ownership. The funding will support the development of these innovative gaming models, reflecting a shift in how games can be structured using emerging technologies.

Why the world's biggest VC believes Indian IT is facing a risk

Livemint

Livemint · 5m ago

Why the world's biggest VC believes Indian IT is facing a risk

Andreessen Horowitz, a major venture capital firm, recently sparked debate by suggesting that AI could automate mundane IT industry tasks, impacting India's $254-billion technology sector that employs 5.4 million people. Experts believe AI could challenge traditional IT jobs, yet some industry leaders downplay the threat, seeing AI as a tool rather than a job replacement. Meanwhile, large IT companies are urged to adapt to AI’s rise to maintain their market positions.

Mistral in talks with VC firms, MGX to raise funds at $10 billion valuation: Report - The Economic Times

Economic Times

Economic Times · 6d ago

Mistral in talks with VC firms, MGX to raise funds at $10 billion valuation: Report - The Economic Times

French AI startup Mistral seeks to raise $1 billion with a $10 billion valuation, aiming to expedite the rollout of its Le Chat chatbot and enhance its large language models. Supported by investors like Nvidia and Andreessen Horowitz, Mistral launched Europe's first AI reasoning model to compete with American and Chinese firms. Despite previous funding and industry recognition, it still strives for market traction. Talks involve venture capital entities and Abu Dhabi's MGX.

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