Elon Musk’s Xai Close To Raising $6B
Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion, Bloomberg reported Friday (April 26). Silicon Valley venture capital (VC) firm Sequoia Capital has committed to investing in the startup, according to the Financial Times (FT), which reported the same […]
The post Elon Musk’s xAI Close to Raising $6 Billion appeared first on PYMNTS.com.
4 Lessons For Entrepreneurs In The New World Of Celebrity Vcs
The number of celebrity VCs or VCs with a celebrity pedigree seem to be growing by the day. Get on the bandwagon. But do not lose control to them.
Xaira, Anthos, Curevac & More—chutes & Ladders
Chutes & Ladders—Ex-Stanford president will lead new billion-dollar biotech
gmasson
Thu, 04/25/2024 - 14:04.:
Welcome to this week's Chutes & Ladders, our roundup of hirings, firings and retirings throughout the industry. Please send the good word—or the bad—from your shop to Max Bayer or Gabrielle Masson, and we will feature it here at the end of each week. Last year was a difficult one for ex-Stanford president Marc Tessier-Lavigne, Ph.D. An investigation into his prior research from the campus’s student newspaper ultimately led to his resignation. But the once-chief scientific officer of Genentech is now back in biotech.
Norwest Venture Partners: Norwest Raises $3B Global Fund - The Economic Times
The early-to-mid-stage investor that has backed 700 companies globally focuses on three major markets - USA, Israel and India. It has $15.5 billion of assets under management.
Pinkdx Launches With $40M Series A Funding
DALY CITY, CA, PinkDx, an early-stage company focused on positively impacting the health of women throughout their life journey, today launched with $40 million in Series A financing.
Augment Raises $227M In Series B
PALO ALTO, CA, AI coding assistance startup Augment, emerged from stealth and its $227 million Series B round.
Scholars Explain The Ideology That Says Technology Is The Answer To Every Problem
Silicon Valley venture capitalist Marc Andreessen penned a 5,000-word manifesto in 2023 that gave a full-throated call for unrestricted technological progress to boost markets, broaden energy production, improve education and strengthen liberal democracy.
Temasek-blackrock Joint Venture Closes Inaugural Decarbonisation-focused Fund At $1.9B | The Straits Times
The fund focuses on companies with proven technologies that are ready to scale up. :
SINGAPORE - Investment platform Decarbonization Partners – jointly set up by Singapore’s investment company Temasek and global asset manager BlackRock – has raised US$1.4 billion (S$1.9 billion) at the close of its inaugural fund focused on investing in decarbonisation technologies, surpassing its initial target of US$1 billion. The late-stage venture capital and early-growth private equity fund had attracted over 30 institutional investors from 18 countries, said the joint venture in a press release on April 25.
Anchorage Digital Bank Launches Global Settlement Network For Digital Assets
The San Francisco crypto custodian wants to make it easy for institutional clients to transfer their funds without compromising security.
Singapore's Temasek And Blackrock Venture Closes $1.4bn Climate Fund - Nikkei Asia
SINGAPORE -- A joint venture between Singapore state investor Temasek Holdings and BlackRock, the world's biggest asset manager, has raised $1.4 billion for its first and one of the largest venture capital funds dedicated to investing in firms with technologies to reduce carbon emissions. The partnership, called Decarbonization Partners, on Thursday announced the final closing of its fund, which was joined by over 30 institutional investors, in addition to commitments from BlackRock and Temasek. Investors include Japanese lenders Mizuho Bank and MUFG Bank, and France's TotalEnergies.