Silicon Valley Journals Marqo, a startup specializing in AI-powered search and discovery, has successfully raised $5.2 million in seed investment. The funding round, led by Blackbird Ventures and featuring support from Creator Fund, January Capital, and Cohere’s co-founders, will be used to develop a unique form of vector search technology that continuously improves based on user engagement, setting … Read more
DynamoFL, a company specializing in privacy- and compliance-focused generative AI solutions, has successfully closed a $15.1 million Series A funding round. The funding aims to meet the growing demand for DynamoFL’s technology, which enables customers to safely train Large Language Models (LLMs) on sensitive internal data while preserving privacy and compliance. DynamoFL’s flagship technology has … Read more
Intel has announced the termination of its planned acquisition of Israeli chipmaker Tower Semiconductor, citing the inability to obtain the required regulatory approvals in a timely manner. The tech giant had announced its intentions to acquire Tower Semiconductor in February 2022 for $5.4 billion. As a result of the failed deal, Intel will pay a … Read more
Tausight, a pioneer in AI-powered data security for the healthcare industry, has raised an additional $6 million in financing to expand its market presence, drive customer growth, and further develop its patented AI technology. The funding round was led by Polaris Capital, with participation from Flare Capital Partners and .406 Ventures. Tausight® offers an AI-based … Read more
Healthcare technology company basys.ai has successfully raised $2.4 million in an oversubscribed pre-seed funding round to further its mission of empowering payers to streamline processes such as prior authorization and utilization management. The company was co-founded in 2022 at Harvard University by Amber Nigam and Jie Sun, both Harvard alumni. The funding round was led … Read more
Sims Metal, a global leader in metal recycling, has announced its agreement to acquire the assets of Baltimore Scrap Corp (BSC) and its affiliated entities, a prominent metal recycler based in the United States. The acquisition is expected to be completed in October 2023, pending customary closing conditions and regulatory approvals. Baltimore Scrap Corp operates … Read more
LeaseQuery, a provider of lease accounting software, has announced its acquisition of Stackshine, a SaaS spend management platform. Stackshine’s SaaS spend management platform is designed to assist companies in tracking and optimizing their software spending and usage. Stackshine, established in 2019 as a Y Combinator company, offers a platform that identifies the SaaS software being … Read more
Definitive Healthcare, a leading provider of healthcare commercial intelligence, has announced its acquisition of Populi, a data and analytics company focused on optimizing physician relationships, reducing network leakage, and expanding market share for healthcare organizations. This strategic move strengthens Definitive Healthcare’s position as a leader in healthcare commercial intelligence across various sectors within the healthcare … Read more
Silicon Valley-based automotive radar startup, Altos Radar, has successfully raised $3.5 million in seed round funding to accelerate the development and commercialization of its 4D imaging radar technology for driver-assisted and autonomous vehicles. The funding round, led by Hesai Technology CEO David (Yifan) Li, ZhenFund, and Monad Ventures, will support the mass production and marketing … Read more
Prominent crypto media company CoinDesk has revealed significant changes, including a layoff of 45% of its editorial staff, as its parent company Digital Currency Group (DCG) explores a potential sale and seeks to bring on strategic investors. The layoffs, affecting primarily CoinDesk’s media team, were announced in an internal memo from CoinDesk CEO Kevin Worth. … Read more