Deal Corner: Bitgo Secures $100 mn In Series C Funding
To begin with…….we have a first deal with a lot of hush-hush around it…..we are talking about the fund raising by digital asset trust firm Bitgo. The Palo Alto, California, headquartered company has secured $100 million in a Series C funding round. It remains tight-lipped about the participants in this financial endeavor. What’s interesting is…..the fresh infusion of capital catapults the firm’s valuation to $1.75 billion.
Claude AI Developer Anthropic Raises $100 mn From South Korean Telco Giant SK
In next deal we discuss the fund raising by AI developer, let me tell you AI’s have garnered maximum interest among investment community…
Anthropic – the Artificial intelligence startup – has secured $100 million in funding from SK Telecom (SKT), a leading player in the South Korean telecommunications sector.
The investment is intended to foster the development of a multilingual large language model (LLM) tailored for global telecommunications firms. The funding also comes hot on the heels of a Series C round in which the firm raised a cool $450 million.
Illuminati Capital Raises $50 mn for Web3 Investments Including Games
Moving on….UAE based Illuminati Capital has raised $50 million to invest in early-stage blockchain startups including game companies.
According to the news, the Dubai based firm and its partners have individually invested in blockchain startups worth over $1 billion.
Blockchain-Harnessing AI Project Jada Receives $25 mn in Capital
We have covered yet another AI firms funding activity….
Jada AI, an artificial intelligence project that harnesses blockchain technology, has raised $25 million from alternative investment group LDA Capital.
The project aims to offer AI services that aid decision-making for organizations and scale up their operations , according to an emailed announcement shared with CoinDesk.
The capital will be used to grow the project’s team of developers and add new organizations.
Privacy-focused AI firm DynamoFL raises $15 mn from Nexus, Canapi Ventures
Finally, to conclude this episode……we have a startup venture based out of San Francisco …..
DynamoFL, Inc. announced that it has closed a $15.1 million Series A funding round to meet demand for its privacy- and compliance-focused generative AI solutions.
Coming off a $4.2M seed round, the company has raised $19.3M to date. DynamoFL’s flagship technology, which allows customers to safely train Large Language Models on sensitive internal data, is already in use by Fortune 500 companies in finance, electronics, insurance and automotive sectors.
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