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Companies developing small modular nuclear reactors (SMRs) have raised more than $1.5 billion in the past year, as tech companies hunger for power to train AI models and governments decide to commit to the industry. For example, X-energy raised $700 million this month, and Paris-based Newcleo raised $151 million last year, and one would be […]
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As payment companies increasingly explore stablecoins for cross-border payments and real-time settlement, some startups are tapping into the zeitgeist by providing liquidity via a revolving line of credit in stablecoins. One of them is Dubai-based but Africa-focused Mansa, whose offering allows payments companies to settle transactions and fund customer accounts instantly. The startup has raised […]
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Recalls in the food and beverage industry due to contamination incidents can have catastrophic effects. Not only do companies have to pay fines and damages, but the impacts on the brand’s reputation can be long-lasting. That’s why Spore.Bio, a Paris-based deeptech startup, is trying to reinvent microbiology testing to avoid the next PR crisis in […]
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Codeium, an AI-powered coding startup, is raising a new round of funding at a $2.85 billion valuation, including fresh capital, according to two sources with knowledge of the deal.  The round is being led by returning investor Kleiner Perkins, the people said. The new round comes just six months after Silicon Valley-based Codeium announced that […]
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Patreon has continued on its crusade against algorithmic feeds with its latest State of Create report, a look at trends in the creator economy based on internal data, and it’s an effort creators can get behind. In its survey of 1,000 creators and 2,000 fans, the membership platform reported that 53% of creators think it […]
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Austin-based defense startup Saronic has raised a $600 million Series C to build an autonomous ship factory called “Port Alpha,” it announced.
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Recommendation algorithms operated by social media giants TikTok and X have shown evidence of substantial far-right political bias in Germany ahead of a federal election that takes place Sunday, according to new research carried out by Global Witness. The non-government organization (NGO) undertook an analysis of social media content displayed to new users via algorithmically […]
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Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a new SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook.  […]
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