By Shikha Singh
‘Godmother of AI’ raises $230 million for World Labs at $1 bn.
AI firm World Labs, worth over $1 billion, started on September 13 with $230 million in investment.
Fei-Fei Li, the “Godmother of AI” for her work in generative AI, co-founded the business to create “spatial intelligence” systems.
Large World Models (LWMs), its flagship offering, expands generative AI to three-dimensional space and mimics human time and physics.
Bitget and Foresight Ventures fund TON blockchain with $30m.
Bitget, a crypto exchange, and Web3 investment company Foresight Ventures announced a $30 million TON blockchain investment.
This grant will promote tap-to-earn and GameFi in TON. TON tokens will be bought to invest.
Drift Raises $25M for DeFi Trading ‘SuperApp’ in Solana.
Decentralized finance (DeFi) startup Drift secured $25 million in Series B investment to develop its Solana exchange.
X said that Multicoin Capital led the round, with Blockchain Capital, Folius Ventures, Maelstrom, and Primitive participating.
11x.ai raises $24 mn from Benchmark for AI Digital Employees.
11x.ai, an AI bot firm that automates end-to-end operations, received $24 million Series A backed by Benchmark.
Project A Ventures led the $2 million seed investment for 11x.ai a year prior to the Series A. The corporation prioritizes sales, marketing, and revenue operations.
Hemi Labs Funds Advanced Modular Blockchain with $15M.
Hemi Labs raised $15 million to build and deploy the Hemi Network (“Hemi”). Hemi, a modular Bitcoin and Ethereum blockchain network, offers greater scale, security, and interoperability.
Hemi’s incentive testnet is online, and its mainnet debut is Q4 2024.
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