Emulate, a UK AI startup founded by former Google DeepMind researchers, is in advanced talks to raise up to $700mn in a seed round, the Financial Times reported on Thursday. Both the FT and Bloomberg report that Index Ventures and Lightspeed Venture Pa…
Viabot has raised a $24m Series A led by Walden International for its autonomous outdoor sweeping robot. Each battery lasts about six hours and the machine can autonomously hot-swap batteries to work 12 to 24 hours, correcting TNW’s earlier report of a…
The London-based Magentic, a start-up building AI agents for procurement and supply chain teams at large manufacturers, has raised $18M in a Series A round today, led by Felicis. Sequoia Capital and The Westly Group, which were existing investors, also…
The Scaleup Europe Fund, a €5bn growth fund backed by the European Commission, is in discussions to invest in the voice AI company ElevenLabs, according to Bloomberg. The report says ElevenLabs aims to raise over $500 million in this funding round. Tal…
“Organizations should not have to choose between the capabilities of a frontier model and the ability to control the technology at the center of their work,” said Mark McQuade, co-founder and chief executive of Arcee AI. The San Francisco company build…
“Right now would be an ill-advised moment to go public,” OpenAI chief executive Sam Altman told Fortune on 12 September. Now OpenAI is considering one more private funding round before its IPO, at a valuation of about $1.5tn. The New York Times reporte…
Veridion has raised a $20m Series A led by Hoxton Ventures, with its existing backers Underline Ventures, OTB Ventures, GapMinder, Day One Capital and LAUNCHub all returning. The company sells a continuously updated graph of the world’s businesses to r…
Hackuity, a Lyon-based cybersecurity company, has raised $19M in a round led by Forgepoint Capital International. Existing investors Bright Pixel, Bpifrance, and Seventure Partners also took part, bringing the company’s total funding to $38M. Hackuity …
ByteDance closed a $290M funding round for Anew Labs, its newly spun-off AI drug discovery unit, at a $1.5B valuation, Reuters reports, citing two sources familiar with the matter. Moreover, the company that owns TikTok will retain 56% of the business …
Temporal has raised $550m in a Series E round that values it at $12.55bn. That is more than double its valuation seven months ago. The company announced the round on 14 September. Lightspeed Venture Partners led the round. Wellington Management, Growth…