The company came out of stealth on Tuesday. The founders built it at UC Berkeley, in the same lab that produced Spark, Databricks, and Anyscale. The team includes Zongheng Yang and Databricks co-founders Ion Stoica and Scott Shenker. The star-studded c…
On Monday, JPMorgan and Morgan Stanley began pitching investors on a bond sale of at least $12 billion, as The Wall Street Journal reported. The money will build a Meta data centre in El Paso, Texas. The structure is the story. Who owns what BlackRock …
Samsung is reportedly weighing a bet on Europe’s best-funded AI startup. The South Korean conglomerate is in talks to invest in Mistral as part of a fundraising round that could value the Paris company at roughly €20bn, the Financial Times reported on …
San Francisco-based Gritt has exited stealth with just over $32 million in combined pre-seed and Series A funding to deploy AI-powered robotic systems on large-scale construction sites, starting with solar farms. The $26 million Series A was led by Obv…
Sila, the battery materials company formerly known as Sila Nanotechnologies, has raised $300 million in a private equity round led by Atreides Management and Sutter Hill Ventures to expand its silicon anode manufacturing plant in Moses Lake, Washington…
On Tuesday, a group of the world’s most powerful investors finished buying a company most people have never heard of. The price tag explains why it matters. The largest data-centre deal ever The AI Infrastructure Partnership, MGX, and BlackRock’s Globa…
London-based robotics startup Humanoid has raised $152 million in a Series A round led by Prime Movers Lab, the venture firm behind Figure AI’s $39 billion valuation, pushing Humanoid’s own valuation above $1 billion. Bosch, Schaeffler, Aglaé Ventures,…
Aircraft startup Electra plans to invest around $850 million to build a factory in Ohio, giving the maker of hybrid-electric ultra-short takeoff and landing aircraft its first dedicated production base. It would place Electra in the same state as elect…
The next big customer for a payments company may not be a person at all. It may be an AI agent, and a startup called Natural has raised $30 million to serve it. The Series A was led by Kirsten Green at Forerunner Ventures, and closed when Natural was j…
Microsoft has agreed to bankroll a large slice of Mistral AI’s European build-out, extending a partnership that already binds the Paris lab to the American giant’s cloud. The two companies announced the expanded agreement on Tuesday, describing it as a…