Business

Portal Space Systems Raises an Amazing $17.5 Million in Seed Funds

Portal Space Systems raised $17.5 million in one of the biggest early financing rounds for a space firm in the
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Hydrolix, A Data Management Business, Raises $80 Million

Hydrolix Inc., a provider of data lakes, reported raising $80 million to fuel expansion plans. The investment was led by
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CEO of Google DeepMind’s Company Increases $600 Million

Demis Hassabis, the CEO and co-founder of Google DeepMind, created a drug development artificial intelligence (AI) business that has raised
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Philippine Business Creates an AI Tool To Reduce Crop Loss

Using AI-powered farm risk monitoring, a Philippine student-developed mobile app seeks to lower agricultural losses. The goal of AGRICONNECT PH,
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Retym Secures $75M for AI-Powered Data Center Chip

Retym, a chip startup, announced on Monday that it has secured $75 million this year as part of a total
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Elon Musk Sells X to His AI Startup in $33 Billion Deal

Elon Musk—who purchased Twitter in 2022 and renamed the social media platform to X in 2023—disclosed that his AI venture
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Mercury Secures $300M at a Valuation of $3.5B to Broaden Its Fintech Services

Mercury, a financial technology firm recognized as the preferred bank for tech startups, announced today that it has secured $300
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Startup Backed by Rivian Secures $105M to Roll Out Budget-Friendly Micro Vehicles

Rivian, the high-profile electric vehicle manufacturer, has just launched a new company focused on micromobility, spun off from a secret
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BYD Exceeds Tesla With Yearly Sales of $100 Billion

BYD, Tesla’s competitor in China, announced a 73% increase in its fourth-quarter profit and revealed that its annual revenue for
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Tabit Insurance Unveils $40 Million Funding Focused on Bitcoin

The capitalization of Tabit Insurance’s insurance facility, worth $40 million, has been announced. The fundraising effort, which Tabit says is
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