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Tag: Funding

How Chef Robotics succeeded by changing its customer focus

Chef Robotics found success by walking away from early clients and focusing on food manufacturing. It is now raising US$23M and serving millions.

OpenAI invests in cybersecurity to combat AI-driven threats

OpenAI has made its first cybersecurity investment in Adaptive Security, a startup that uses AI to train employees to detect and prevent cyber threats.

OpenAI secures US$40 billion in funding at US$300 billion valuation

OpenAI secures US$40B, reaching a US$300B valuation, to advance AI research and expand Stargate.

OpenAI makes image generator free for all users

OpenAI’s new image generator is free for all users. The AI tool has sparked copyright concerns and comes as OpenAI secures US$40B in funding.

Perplexity CEO dismisses financial concerns, confirms no IPO before 2028

Perplexity CEO Aravind Srinivas denies financial troubles, confirms the company has no plans for an IPO before 2028, and explains product changes.

Krafton strengthens presence in India with Nautilus Mobile acquisition

Krafton acquires a controlling stake in Indian gaming studio Nautilus Mobile for US$14M, strengthening its foothold in India’s growing gaming market.

OpenAI set to finalise US$40 billion funding round led by SoftBank

According to Bloomberg, OpenAI is close to finalising a US$40 billion funding round led by SoftBank, which will raise its valuation to US$300 billion.

Vertex Ventures Japan completes first close and strengthens leadership team

Vertex Ventures Japan announces first fund close and key leadership hires to help Japanese startups expand globally.

Kyberlife raises US$3 million to expand healthcare procurement in Southeast Asia

Singapore’s healthtech startup Kyberlife secures US$3 million to expand its digital procurement platform, streamlining healthcare supply chains in Southeast Asia.

China introduces new data on service robots as humanoid industry expands

China’s service robot sector sees growth as humanoid robots attract investment and government attention.

Darwinbox secures US$140 million investment from Partners Group and KKR to drive global expansion

Darwinbox raises US$140 million from Partners Group and KKR to fuel global expansion and strengthen its AI-powered HR technology platform.

Mark Cuban offers to fund government tech unit after overnight layoffs

Mark Cuban offers to fund laid-off government tech workers after sudden 18F unit cuts, suggesting they start a consulting firm.