By Kapil Rajyaguru
Japan’s Sakana AI Partners Nvidia For Research, Raises $100 mn.
Nvidia, the world’s leading technology company for AI, has teamed up with the Tokyo-based enterprise. The company was able to raise $100 million through the first round of funding, because of the like New Enterprise Associates, Khosla Ventures, and Lux Capital. These funds obtained will serve as the foundation for AI technology in Japan, emphasizing the development of environmentally friendly nature-inspired AI technologies.
Blockchain Music Startup Tune.fm Raises $50 mn From Global Emerging Markets.
Global Emerging Markets invested $50 million in the blockchain-based sampler Tune.fm, increasing their total investment to $80 million. The fresh investment will be used to improve the JAM token’s functionality and make it possible to reward both users and artists with increased payments.
Fuse Raises $12 mn Strategic Round Led by Multicoin for Renewable Energy DePIN.
Renewable energy company Fuse raised $12 million in a strategic funding round led by Multicoin Capital, bringing total funding to $90 million. The funds will support the launch of Project Zero, a new decentralized energy project.
Apple Intelligence Rival Secures $10 mn to Develop Open-Source Alternative.
PIN AI, an AI infrastructure company, joined the a16z Crypto Startup Accelerator Fall 2024 cohort with $10 million in pre-seed funding. The company is developing the first open-source Personal Intelligence Network, aiming to innovate AI infrastructure.
Wingbits, Stockholm-Based Flight-Tracking Protocol, Raises $3.5 mn in Seed Funding.
Stockholm-based Wingbits, a flight-tracking network built on the Solana blockchain, raised $3.5 million in initial funding from investors including Borderless Capital, Tribe Capital, and Antler. The funds will support Wingbits in enhancing decentralized flight-tracking capabilities.
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