Deal Corner- Episode 30

Deal Corner- Episode 30: Perplexity Raises $73 mn Series B Off Reported $520 mn Valuation For AI-Powered Search Engine

Perplexity, an artificial intelligence startup, has completed its Series B funding round, raising $73.6 million. IVP, NEA, Elad Gil, Nat Friedman, and Databricks were the key investors.

The funding was led by IVP, a portfolio of crypto and fintech companies, and included investments from NEA, Elad Gil, Nat Friedman, Databricks, Nvidia, and Jeff Bezos.

Interchain Foundation Unveils $26 mn Budget for Funding Program

The Interchain Foundation (ICF) announced a $26.4 million budget for its funding program in 2024. According to an announcement, the capital will be used to maintain and develop the Interchain Stack, an open-source and decentralized blockchain ecosystem or blockchain-based apps and services.

Projects underwritten by the program include Binary Builders, Confio, Cosmology, Informal Systems, Strangelove Ventures, and Zondax.

Farcana Raises $10 mn for NFT Esports Shooter

The Farcana team has raised $10 million in seed funding from Animoca Brands, Polygon Ventures, Fenbushi Capital, Merit Circle, and others to further develop its third-person multiplayer shooter game, Farcana.

Rarestone Capital, MMPro Trust, Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, and Dravus Investment also participated in the round.

Foresight Ventures Launches 3rd $10 mn Crypto Accelerator Following The Block Deal

Foresight Ventures, a Singapore-based venture capital firm, plans to launch a $10 million accelerator for blockchain and Web3 firms. The accelerator will focus on artificial intelligence, Bitcoin Ordinals, and direct-to-consumer protocols.

The program, which will run until January 2024, will provide between $200,000 and $500,000 in initial funding, mentorship, an offline demo day, and internal resources in the Foresight portfolio of startups.

OurSky Raises $9.5 mn to Add an API to Open-Source Astronomy

We have reached the final deal of the show…which looks to explore the sky using an AI tool…

OurSky, a Southern California-based technology company, wants to give amateur astronomers the tools they need to add artificial intelligence and open-source technology to their scans of the stars. On 1^st jan, OurSky launched the beta version of its network of telescopes connected via API after raising close to $10 million in seed funding.

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