Boulder, Colorado-based Enveda, which combines AI with ancient remedies for drug discovery, raised a $55M Series B extension from investors including Microsoft — For centuries, people chewed willow tree bark to relieve pain, but scientists at chemical firm Bayer didn't isolate its active ingredient until the 1800s
Amazon and telecom Vrio plan to launch a satellite internet service in Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, and Colombia, coming online in mid-2025 — Amazon (AMZN.O) and telecommunications firm Vrio will jointly launch a satellite internet service in seven South American countries …
Dublin-based AccountsIQ, which offers AI-powered bookkeeping, raised €60M, after raising just €12.7M in its nearly 20 year history, and reports 1,000 clients — The European economy is on shaky ground, but there is a silver lining for enterprise startups: Those building tools …
Ant Group spent a record ~$2.9B on research in 2023, as the Alibaba affiliate develops its BaiLing LLM; Ant and affiliate MYbank served 87M businesses by 2023 — Founded by Jack Ma, Ant has been developing technology including its large language model BaiLing, which won approval …
Rubrik reports Q1 revenue up 38% YoY to $187.3M, above $171.5M est., and ARR up 46% YoY to $856.1M, in the cybersecurity company's inaugural post-IPO earnings — - Rubrik's revenue and subscription revenue both beat forecasts — Firm went public at a volatile time for cybersecurity firms
UAE Minister of AI and Digital Economy Omar Al Olama says fears over China using Middle Eastern countries to overcome US sanctions on AI chips are “valid” — But we're America's friends, insists Omar Al Olama — Fears that China could be using Middle East countries as a proxy …
Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...
