Startup investors kept up the busy dealmaking pace this week with a number of big rounds. Top among them was a $1.75 billion Series D for Austin-based Saronic, developer of autonomous vessels.
Elon Musk's plans to get into the AI chip manufacturing business are going to be costly. As the New York Times and CNBC report, SpaceX is planning to invest at least $55 billion into its "Terafab" chip plant in Austin, Texas. That's according to the details of a public hearing notice filed in Grimes County, Texas, for a meeting to request tax breaks for the project.
The company says that if additional phases are constructed, its investment could someday balloon to $119 billion total. When Musk initially announced the project in March, he shared ambitious plans for it to produce enough chips to support up to 200 gigawatts per year of computi …
Read the full story at The Verge.
Voice AI company ElevenLabs has disclosed the full investor lineup for its $500 million Series D, originally announced in February at an $11 billion valuation. New backers span institutional giants BlackRock, Wellington, and D.E. Shaw; corporate strategics including Nvidia, Salesforce Ventures, and Deutsche Telekom; and celebrities Jamie Foxx, Eva Longoria, and Squid Game creator Hwang […]
Insider Brief PRESS RELEASE — Legora has announced a $50 million extension of its previously announced Series D financing, bringing the total round to $600 million in equity and valuing the company at $5.6 billion post-money. The extension adds Atlassian and NVentures (NVIDIA’s venture capital arm) as corporate investors, alongside new financial investors, including Airtree, Barclays, Geodesic, […]
OpenAI is launching additional opt-in protections for ChatGPT accounts. The new security initiative includes a new partnership with security key provider Yubico.
Legora, an AI platform built for lawyers, has raised a $50 million extension from Nvidia’s venture arm, NVentures, reports CNBC. The raise brings the Swedish company’s recent Series D funding round total to $600 million. At the time of the first close in March, Legora was valued at $5.5 billion.
NVIDIA’s venture capital arm NVentures and Atlassian have invested in Legora. The $50m Series D extension that they joined brings the total round to $600m. ...
Insider Brief U.S. drone autonomy startup SkyfireAI has raised $11 million in seed funding. SkyfireAI develops software designed to help organizations coordinate fleets of drones without requiring a matching increase in pilots or operational staff. According to the company, the round was led by Mucker Capital, with participation from AI Fund, SaaS Ventures, Halogen, Harvard […]
