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Series B

All articles tagged with #series b

technology1 year ago•1 min saved

Elon Musk's xAI Secures $6B, Valued at $24B

Elon Musk's AI startup, xAI, has raised $6 billion in a Series B funding round, valuing the company at $24 billion. The funding round saw participation from major investors like Fidelity, Andreessen Horowitz, and Sequoia Capital. xAI's first major product is a large language model called Grok, which is integrated into the premium version of X (formerly Twitter). The company aims to develop advanced AI systems that are beneficial for humanity.

via Hollywood Reporter|

#ai-funding #elon-musk #grok

fintech2 years ago•6 min saved

Volt secures $60M+ in funding for open banking payments and infrastructure.

UK-based fintech Volt has raised $60m in a Series B funding round led by IVP, with participation from CommerzVentures, EQT Ventures, Augmentum Fintech and Fuel Ventures. The company, which integrates with 5,000 banks in the UK, Europe and Brazil, will use the funds to expand internationally and develop its product. Volt's services include online payments, payments by link and recurring payments. The company's gross margins on transactions are over 80%, according to CEO Tom Greenwood.

via TechCrunch|

#fintech #international-expansion #open-banking