Deal Corner Ep 11: RapidAI- $75 mn Closed To Develop AI Workflow Solutions
RapidAI – a leader in developing AI and technology workflow solutions to combat life-threatening neurovascular, cardiac, and vascular diseases – has recently announced $75 million in Series C funding led by Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic financing partner focused on the enterprise software, data, and technology markets.
And this funding round aims to drive platform innovation to support more disease states and go-to-market functions to accelerate growth in new regions and product verticals.
IBM Watson developer raises $60 mn for AI startup Elemental Cognition
David Ferrucci, the artificial intelligence (AI) researcher who led the team behind IBM Watson’s development — the question-answering supercomputer developed by IBM — has raised nearly $60 million for his Elemental Cognition AI startup.
According to a submission on Aug. 17, the company has finalized equity sales amounting to $59.95 million from 17 investors, with additional plans to secure $5.75 million in funding.
ZetaChain: Layer-One Blockchain Company Raises $27 mn To Bring Universal Interoperability To Crypto
ZetaChain – a layer-one blockchain that brings universal interoperability to crypto – recently announced it has closed a $27 million equity funding round from a range of top participants.
The participants in the funding round include Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust, and others.
Bitcoin Mining Startup Raises $13 mn to Turn Trash Into BTC
Nodal Power has secured a substantial $13 million funding round to continue converting methane gas produced by landfills into electricity, which is then dispatched to local electricity grids as renewable power.
Not all of that energy will be sold, however. Some of it will be used directly by the firm to secure the blockchain through clean Bitcoin mining.
Blockchain Trading Platform Dinari Raises $7.5 mn in Funding Round
Dinari, a California-based blockchain trading platform, recently announced that it has raised $7.5m in a seed funding round, a Bloomberg report reveals. The company says its regulatory-compliant platform will enable users outside the U.S. to buy shares of prominent U.S. companies and exchange-traded funds.
Notably, the company said the funds raised would go to building its blockchain-powered dShare Platform outside the US and expanding its offering.
You need to login in order to Like
