Deal Corner: D-Matrix Raises $110 mn
D-Matrix Corp., a startup that designs and builds high-efficiency silicon and generative artificial intelligence compute platforms for data centers, has raised $110 million in an oversubscribed Series B funding round led by Singapore-based global investment firm Temasek.
The company builds specialized chips and platforms that target the deployment of generative AI at the inference stage. This is when an AI is being used to predict and produce new information from data it has never seen before, such as when it’s providing assistance, advice or insights.
Helm.ai Expands Into Germany, Raises $55m For Driverless Car AI Software
Next on the list is….fund raising by the US startup Helm.ai, which opened its first international office in Dusseldorf, Germany, for AI software for driverless car developers.
This follows a $55m Series C funding round led by Freeman Group with participation from venture capital firms ACVC Partners and Amplo, as well as strategic investments from Honda Motor, Goodyear Ventures and Sungwoo Hitech.
Pantera Capital Leads $16.5 mn Investment in ZK-Powered DEX Brine Fi at $100 mn Valuation
The deal we are covering is from the Decentralized exchange (DEX) space…..Brine Fi has raised $16.5 million at a valuation of $100 million in an investment round led by Pantera Capital.
Elevation Capital, StarkWare Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund Ventures were the leading participants in the fundraising round.
Steve Cohen’s Point72 Ventures Leads $15 mn Fundraising in Swiss Fintech GenTwo
Next deal is a fintech company….
GenTwo, a fintech platform that specializes in securitization, raised $15 million in a Series A funding round led by hedge fund luminary Steve Cohen’s Point72 Ventures, the company said on its website.
The Zurich-based firm plans to use the funding to grow internationally and to develop its financial engineering platform.’
Minjar Founder’s New AI Startup Bags $11 mn To Help Enterprises Automate Workflows
Next and the final deal on our radar is….that of HRtech startup Atomicwork. It has raised $11 Mn in its seed funding round and officially launched its platform after emerging from stealth mode.
The funding round was led by Blume Ventures and Matrix Partners and also saw participation from Storm Ventures, Neon Fund, and prominent angel investors, the startup said in a statement.
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