AI Startups Raised Almost Half of All Funding in 2024 | Entrepreneur
AI startups received a record $97 billion in 2024, nearly half of total U.S. startup funding.
Total funding for AI startups grew over 80% in just one year, indicating substantial investor confidence.
Databricks targets steep growth after historic funding round
Databricks' recent $10 billion funding reflects the growing demand for AI technology and positions the company for aggressive international and product expansion.
Anthropic in Talks for $2 Billion Funding Round
Anthropic is negotiating a funding round that could boost its valuation from $16 billion to $60 billion amid renewed investor interest in AI startups.
Perplexity AI triples its valuation in about 6 months with latest $500M funding round
Perplexity AI's valuation surged to $9 billion after a $500 million funding round, illustrating the rapid growth of AI startups this year.
Databricks nears 9.5 billion mega-investment
Databricks plans to raise $9.5 billion to strengthen its market position and expand its data intelligence capabilities.
The AlleyWatch Startup Daily Funding Report: 12/17/2024
NYC startups secured significant venture capital funding in recent deals, showcasing investor interest in diverse technological solutions.
AI Startups Raised Almost Half of All Funding in 2024 | Entrepreneur
AI startups received a record $97 billion in 2024, nearly half of total U.S. startup funding.
Total funding for AI startups grew over 80% in just one year, indicating substantial investor confidence.
Databricks targets steep growth after historic funding round
Databricks' recent $10 billion funding reflects the growing demand for AI technology and positions the company for aggressive international and product expansion.
Anthropic in Talks for $2 Billion Funding Round
Anthropic is negotiating a funding round that could boost its valuation from $16 billion to $60 billion amid renewed investor interest in AI startups.
Perplexity AI triples its valuation in about 6 months with latest $500M funding round
Perplexity AI's valuation surged to $9 billion after a $500 million funding round, illustrating the rapid growth of AI startups this year.
Databricks nears 9.5 billion mega-investment
Databricks plans to raise $9.5 billion to strengthen its market position and expand its data intelligence capabilities.
The AlleyWatch Startup Daily Funding Report: 12/17/2024
NYC startups secured significant venture capital funding in recent deals, showcasing investor interest in diverse technological solutions.
GPU cloud startup Vultr secures AMD backing in $333 million investment round
Vultr raised $333 million to accelerate its AI infrastructure and global expansion, challenging traditional cloud giants.
HR software startup OnPay was inspired by the founder's family payroll business | TechCrunch
OnPay aims to revolutionize payroll and HR processes with innovative software tools as its funding allows for increased scalability and product development.
GPU cloud startup Vultr secures AMD backing in $333 million investment round
Vultr raised $333 million to accelerate its AI infrastructure and global expansion, challenging traditional cloud giants.
HR software startup OnPay was inspired by the founder's family payroll business | TechCrunch
OnPay aims to revolutionize payroll and HR processes with innovative software tools as its funding allows for increased scalability and product development.
Elon Musk's xAI raises $6B to bolster battle against OpenAI: 'Gonna need a bigger compute!'
Elon Musk's xAI has raised $6 billion in Series C funding to build larger computing resources to compete with OpenAI.
OpenAI pivots to for-profit model to secure massive AI funding
OpenAI is transitioning to a public benefit corporation to attract funding for its ambitious AI research and development projects.
OpenAI Admits It Needs Vastly More Money Than It Thought
OpenAI is restructuring to a for-profit model to secure necessary funding for AI development.
Why OpenAI Needs So Much Money
OpenAI needs continual funding as its expenses accelerate, indicating a potential shift to a for-profit model.
A timeline of OpenAI's rocky 2024
OpenAI achieved significant growth and funding success in 2024 amid challenges including legal battles and employee departures.
OpenAI's profit drive only weakens its brand
OpenAI is converting its for-profit arm into a public benefit corporation to attract more funding and pursue its goal of developing artificial general intelligence.
Elon Musk's xAI raises $6B to bolster battle against OpenAI: 'Gonna need a bigger compute!'
Elon Musk's xAI has raised $6 billion in Series C funding to build larger computing resources to compete with OpenAI.
OpenAI pivots to for-profit model to secure massive AI funding
OpenAI is transitioning to a public benefit corporation to attract funding for its ambitious AI research and development projects.
OpenAI Admits It Needs Vastly More Money Than It Thought
OpenAI is restructuring to a for-profit model to secure necessary funding for AI development.
Why OpenAI Needs So Much Money
OpenAI needs continual funding as its expenses accelerate, indicating a potential shift to a for-profit model.
A timeline of OpenAI's rocky 2024
OpenAI achieved significant growth and funding success in 2024 amid challenges including legal battles and employee departures.
OpenAI's profit drive only weakens its brand
OpenAI is converting its for-profit arm into a public benefit corporation to attract more funding and pursue its goal of developing artificial general intelligence.
Applecart Arts closed due to insufficient funds, despite community support and fundraising efforts, marking a significant loss for local arts and culture.
NTIA Approves Eight More Digital Equity Grant Applications
NTIA has approved grants for digital equity initiatives in eight states and territories, enhancing access to high-speed internet for underserved communities.
Why Congress Should Act Now To Prevent Another Pandemic
Public health funding is crucial for national security and future pandemic preparedness.
New law aims to curb wasteful spending on US border security contracts
The Border Patrol's resource constraints hinder effective migrant control, prompting a new law for fiscal oversight and improved efficiency in service contracts.
PST ART supports expansive exhibition-making in Southern California with significant funding and a focus on collaboration and research-driven projects.
Congress must keep the promise America made to the ailing heroes of 9/11
Funding for the World Trade Center Health Program is urgently needed as more 9/11 first responders and survivors fall ill, exceeding casualty numbers.
Exclusive: In just 4 months AI coding assistant Cursor raised another $100M at a $2.5B valuation led by Thrive, sources say
Anysphere's Cursor has shown remarkable growth, raising $100 million at a $2.6 billion valuation within months, highlighting its leadership in the crowded AI coding assistant market.
Perplexity has reportedly closed a $500M funding round | TechCrunch
Perplexity secures $500 million in funding, achieving a $9 billion valuation amid fierce competition from OpenAI and Google.
Jimini Health is using AI for better mental healthcare. See the 22-slide pitch deck that helped it raise $8 million.
Jimini Health aims to improve mental health outcomes by blending talk therapy with continuous AI support, moving cautiously to ensure safety and efficacy.
In other news this week: Utrecht's Happybase bags 650K, Themis secures 8.7M to combat financial crime, SNIPR Biome gets 20M from EIB and more - Silicon Canals
Startups in sectors like agritech and biotech are securing significant funding to innovate and enhance sustainability in their respective industries.
Exclusive: After causing outrage on Day 1 of Y Combinator, AI code editor PearAI lands $1M seed
Founders of PearAI initially faced backlash for their AI product's licensing and originality but adapted and graduated Y Combinator with new funding.
Agave, the startup behind Find the Cat, finds $18M | TechCrunch
Agave Games raised $18 million in funding after the success of its mobile game Find the Cat, signaling strong growth in the casual gaming sector.
Exclusive: In just 4 months AI coding assistant Cursor raised another $100M at a $2.5B valuation led by Thrive, sources say
Anysphere's Cursor has shown remarkable growth, raising $100 million at a $2.6 billion valuation within months, highlighting its leadership in the crowded AI coding assistant market.
Perplexity has reportedly closed a $500M funding round | TechCrunch
Perplexity secures $500 million in funding, achieving a $9 billion valuation amid fierce competition from OpenAI and Google.
Jimini Health is using AI for better mental healthcare. See the 22-slide pitch deck that helped it raise $8 million.
Jimini Health aims to improve mental health outcomes by blending talk therapy with continuous AI support, moving cautiously to ensure safety and efficacy.
In other news this week: Utrecht's Happybase bags 650K, Themis secures 8.7M to combat financial crime, SNIPR Biome gets 20M from EIB and more - Silicon Canals
Startups in sectors like agritech and biotech are securing significant funding to innovate and enhance sustainability in their respective industries.
Exclusive: After causing outrage on Day 1 of Y Combinator, AI code editor PearAI lands $1M seed
Founders of PearAI initially faced backlash for their AI product's licensing and originality but adapted and graduated Y Combinator with new funding.
Agave, the startup behind Find the Cat, finds $18M | TechCrunch
Agave Games raised $18 million in funding after the success of its mobile game Find the Cat, signaling strong growth in the casual gaming sector.
Nanoramic Secures $44 Million Funding to Revolutionize Battery Technology with Neocarbonix
Nanoramic raised $44 million to commercialize its Neocarbonix® technology, revolutionizing battery manufacturing with safer, sustainable alternatives.
Eindhoven's eLstar Dynamics bags 10M to advance sustainable glass tech
eLstar Dynamics secured €10M funding to develop smart glass solutions, aiming for commercialisation while promoting sustainability and net zero emissions.
PSF Grants: Program & Charter Updates (Part 1)
The PSF Grants Program faces increased demand and must adapt to ensure sustainability while supporting the Python community effectively.
Nanoramic Secures $44 Million Funding to Revolutionize Battery Technology with Neocarbonix
Nanoramic raised $44 million to commercialize its Neocarbonix® technology, revolutionizing battery manufacturing with safer, sustainable alternatives.
Eindhoven's eLstar Dynamics bags 10M to advance sustainable glass tech
eLstar Dynamics secured €10M funding to develop smart glass solutions, aiming for commercialisation while promoting sustainability and net zero emissions.
PSF Grants: Program & Charter Updates (Part 1)
The PSF Grants Program faces increased demand and must adapt to ensure sustainability while supporting the Python community effectively.
Fire unions livid as funding for 9/11 health fund excluded from federal budget, funds in jeopardy
Congress failed to secure funding for the 9/11 victim's healthcare program, affecting 125,000 individuals with illnesses resulting from exposure to toxins.
Hospices in England to get 100m boost to help with cost pressures
Hospices in England are receiving over £100 million in funding to assist with financial pressures and sustain end-of-life care services.
Fire unions livid as funding for 9/11 health fund excluded from federal budget, funds in jeopardy
Congress failed to secure funding for the 9/11 victim's healthcare program, affecting 125,000 individuals with illnesses resulting from exposure to toxins.
Hospices in England to get 100m boost to help with cost pressures
Hospices in England are receiving over £100 million in funding to assist with financial pressures and sustain end-of-life care services.
1KOMMA5° raises €150M pre-IPO funding to enhance solar energy solutions and promote cleaner energy alternatives.
Delft-based GEHECO raises 350K in funding from UNIIQ
GEHECO's innovation simplifies geothermal heat pump installation, promoting carbon-neutral heating solutions and contributing to sustainability goals. Funding will aid its development.
Google gives San Jose $5M for community benefits - San Jose Spotlight
Google has contributed an additional $5 million to San Jose's community benefits, primarily supporting under-resourced communities through a grant program.
Oura closes $200M round, bringing its valuation to $5.2B | TechCrunch
Oura raises $200 million in Series D funding, valuing the company at $5.2 billion, to expand product capabilities and invest in AI.
Arkansas Will Open BEAD Application Window January 7
Arkansas receives $1.024 billion for broadband development, with application deadlines set for early January 2024.
Mayor announces 300,000 of funding for Crisis to extend accommodation for rough sleepers throughout January - London Business News | Londonlovesbusiness.com
Mayor Khan pledges £300,000 funding to extend support for the homeless through Crisis and St Mungo's.
Atom Accelerator Puts Weight Behind CosmWasm Coalition, Offers Matching Funding With Neutron | HackerNoon
Atom Accelerator and Neutron are jointly funding $500,000 to support CosmWasm's development, crucial for the Cosmos ecosystem's functionality and growth.
Great Britain again the richest national team in cycling thanks to new 39 million Olympic funding
Great Britain cycling team receives £39 million state funding for Olympic prep, reinforcing its status as the wealthiest national team.
Velazquez and Schumer secure $365 million in funding for renewable energy projects in Puerto Rico - Queens Post
$365 million in renewable energy funding secured for Puerto Rico to improve energy access and affordability.
Freya Cultivation Systems bags 500K funding - Silicon Canals
Freya Cultivation Systems raises €500K for pilot projects to validate its Aeroframe system, enhancing greenhouse cultivation and aiming for €3M in sales.
Labour responds to 'abolishing' BBC TV licence for UK households
The BBC licence fee will increase to £174.50 in April 2025, sparking discussions on its future funding and the BBC's role in society.
IRS recovers $4.7B in back taxes, braces for Trump cuts
The IRS has recovered $4.7 billion due to enhanced funding and improvements in operations since the 2022 tax law.
Serena's husband gifts donation to UVA women
Alex Ohanian's transformational gift aims to elevate Virginia women's basketball into a premier program, reflecting a shift in investment in women's sports.
DBT gives 230k injection to drive digital transformation among north west SME manufacturers
SME manufacturers in the North West of England receive £230,000 funding to adopt advanced digital technologies and improve competitiveness.