Chinese generative AI startup Moonshot has reportedly raised $300 million in a new funding round. The round, which included participation by Tencent Holdings, lifted Moonshot’s valuation to $3.3 billion, Bloomberg News reported Monday (Aug. 5), citing sources familiar with the matter. The report notes that the investments mark a...
America’s private equity giants have reportedly invested $162 billion in anticipation of a deal-making revival. Apollo, Ares, KKR and Blackstone invested that amount between April and June, with Apollo making up more than 40% of the total, the Financial Times (FT) reported Sunday (Aug. 4)....
Big Tech companies’ efforts around artificial intelligence (AI) are reportedly getting a largely negative reception on Wall Street. In the days since their most recent earnings reports, Amazon, Microsoft and Alphabet have seen their share prices decline, Bloomberg reported Friday (Aug. 2). These companies failed to show that they are gaining...
Hawk has expanded its Series B funding amid a new investing partnership with Macquarie Capital. The company, which provides fraud prevention and anti-money laundering (AML) technology using artificial intelligence (AI), said in a Wednesday (July 31) news release that the funding will drive its international...
Israeli B2B payments platform Monto has emerged from stealth with $9 million in funding. “Monto enables B2B finance teams to seamlessly get paid from any AP portal used by their enterprise customers,” the company said in a Tuesday (July 30) news release announcing the seed funding and a new...
Accounting automation firm Rillet has raised $13.5 million to develop its platform. “Today, high-growth companies face a catch-22 when it comes to accounting: use 25-year-old software built for small businesses that doesn’t meet their needs or 25-year-old software built for large corporations that doesn’t either,” the company...
Scottish FinTech Aveni has raised $14 million to bring AI to the financial services field. The company announced its Series A on Monday (July 29), saying it would use the funding to build on its efforts to create artificial intelligence (AI) products and large language...
U.K. startup Fractile has exited stealth and announced it raised $15 million in seed funding to develop a new artificial intelligence (AI) chip. The company will use the investment to grow its team, build partnership and accelerate its progress to its first products, Fractile said...
British payments firm Sokin is planning to expand following an investment by Morgan Stanley. Investment funds managed by the banking giant had purchased a stake in Sokin, the company announced Wednesday (July 24), designed to speed its expansion. “Sokin was founded in 2019 with a...
