Relativity Networks has raised $22mn and landed a $40mn order from a large cloud provider. The company is pitching a faster kind of fibre for AI data centres. The Orlando-based company announced the funding and the commercial deal on Tuesday, in a pres…
Fractile, a British startup building chips for artificial intelligence, is in advanced talks to raise money at a valuation more than six times what it fetched three months ago, Bloomberg reported. The jump follows a deal to supply chips to Anthropic. T…
Uber has begun offering autonomous rides in Europe for the first time, in the Croatian capital, Zagreb. From Wednesday, riders there can book a self-driving car through the Uber app, the company said. The service is run with the Chinese firm Pony.ai an…
Stripe has agreed to buy OpenRouter, the startup whose software helps companies route their spending across hundreds of AI models. The payments firm confirmed the deal on Wednesday, making official an acquisition the press first reported earlier this m…
Also, the micromobility startup that spun out of Rivian last year, has raised $150 million in a Series D round. The round values it above $1 billion. The company told Fortune the money will go towards its real ambition, which is not e-bikes but small a…
Temporal Technologies is in talks to raise around $500 million, Bloomberg reported on Tuesday. The round would value the software startup at $12 billion or more before the new money, the news agency said. It cited people familiar with the talks. The ro…
Rillet, a startup that rebuilds corporate accounting around AI, has raised $100mn at a $1bn valuation, making it the latest AI unicorn. ICONIQ led the Series C, the company told Fortune in an exclusive. Nick Lichtenberg reported the deal. It is Rillet’…
Sebastian Thrun, one of the pioneers of self-driving cars, is building a new robotics startup called Dulo. The company is still in stealth, and Thrun revealed little about it, Business Insider reported. Rya Jetha wrote that he named the venture at the …
A chip startup that promises to cut the power AI uses has raised $110mn and crossed a $1bn valuation. Velaura AI, based in Santa Clara, announced the Series A round on Tuesday. The company said in a statement that it builds ultra-low-power silicon and …
EliseAI is in talks to raise $300mn at a $3.7bn valuation, according to Business Insider. Katie Roof reported the round on Tuesday, citing sources familiar with it. Andreessen Horowitz and Bessemer Venture Partners are in talks to lead it. The details …