Browsing: billion
Sachin Bansal’s fintech Navi seeks $2 billion valuation in first major external fundraising
Flipkart co-founder Sachin Bansal is in talks to raise capital for his newest Indian fintech startup Navi. Bansal is in talks with investors to raise about…
Sam Bankman-Fried sentenced to 25 years in prison for fraud and money laundering at FTX, ordered to pay $11 billion in forfeiture
Sam Bankman-Fried, co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of…
Amazon invested an additional $2.75 billion in growing AI powerhouse Anthropic on Wednesday, following an option it left open last September. The $1.25 billion he invested…
The White House is proposing up to $8.5 billion to fund Intel’s domestic chip manufacturing
Long before President Joe Biden signed the CHIPS and Science Act into law in August 2022, Intel was a cornerstone of US efforts to increase domestic…
After raising $1.3 billion, Inflection was eaten alive by its biggest investor, Microsoft
In June 2023, Inflection announced that it had raised $1.3 billion to build what it called “more personal artificial intelligence.” The main investor was Microsoft. Today,…
The UK has left the European Union, but semiconductor development is emerging as one of the areas where it hopes to work together for better economies…
Applied Intuition is valued at $6 billion for autonomous vehicle software with artificial intelligence
Self-driving vehicle software company Applied Intuition has raised $250 million in a round that values the startup at $6 billion as it pushes to bring more…
Baron boosts Swiggy valuation to $12.16 billion, above previous private market valuation
Baron Capital, an investor in Indian food delivery startup Swiggy, has increased the value of its stake in the Indian company, implying a valuation of $12.16…
Cyber asset management specialist Axonius secures $200 million at $2.6 billion firm valuation
Axonius, one of the world’s biggest players in enterprise asset management — understanding and monitoring the digital assets and infrastructure that make up an organization’s network…
Tourism continues to recover in wake of Covid-19, with 2023 with $2.23 trillion worldwidesurpassing pre-pandemic levels for the first time since 2020. This has big implications…