By Shikha Singh
Peter Thiel’s Founders Fund Leads $500 mn Fundraising for AI Cloud Group Crusoe Energy.
Crusoe Energy, a data center startup, is raising up to $500 million in equity capital to expand its infrastructure for powering the AI boom.
Felicis Ventures, an existing investor, and Peter Thiel’s Founders Fund led the funding, which will value the company at $3 billion, more than doubling its valuation from two years ago.
This move reflects the surge in demand for AI-related infrastructure following the release of ChatGPT in 2022.
Physical Intelligence, a Robot A.I. Specialist, Raises Millions From Bezos.
Physical Intelligence, an artificial intelligence start-up seeking to create brains for a wide variety of robots, plans to announce on Monday that it had raised $400 million in financing from major investors.
Jeff Bezos, the executive chairman of Amazon, and the venture capital firms Thrive Capital and Lux Capital led the round. Other investors include OpenAI, Redpoint Ventures, and Bond.
The fund-raising valued the company at about $2 billion, not including the new investments. That’s significantly more than the $70 million that the start-up, which was founded this year, had raised in seed financing.
OpenAI Chair’s AI startup Sierra Gets $4.5 bn Valuation In Latest Funding Round.
Former Salesforce employees co-founded Sierra, a software startup, to establish a new company. CEO Bret Taylor has raised $175 million in a new funding round led by Greenoaks Capital that gave it a $4.5 billion valuation, the company said on Monday.
The funding round comes less than a year after the public launch of the young AI startup by Taylor, one of the most closely watched entrepreneurs in Silicon Valley.
The company previously raised $110 million from Sequoia Capital and Benchmark at a nearly $1 billion valuation.
Standard Chartered’s Crypto Custodian Zodia to Raise $50 mn.
Standard Chartered’s co-owned institutional cryptocurrency custody platform, Zodia Custody, is seeking new funding to expand its global operations.
Zodia Custody CEO Julian Sawyer disclosed the company’s plans to raise $50 million to expand its reach and launch new products, Bloomberg reported on Nov. 4.
Backed by several financial firms, Zodia expects to tap a more diverse range of investors, such as companies focused on payments and tokenization, Sawyer said.
Biot-Based Cintoo Secures €37 mn to Accelerate AI & metaverse Innovations In Reality Data Management.
Partech led a €37 million Series B funding round for Cintoo, a cloud-based Reality Data management solution with locations in Biot-Sophia Antipolis, France, and Miami, with additional investments from Amavi Capital and Armilar Venture Partners.
This latest round of funding will enable Cintoo to deepen its commitment to the construction and industrial sectors by enhancing its SaaS platform, advancing metaverse experiences, and expanding into the US and European markets.
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