Covering Scientific & Technical AI | Tuesday, October 8, 2024

funding

What Does Glean’s $260M Funding Mean for Its AI Expansion and Innovation?

Glean’s recent Series E funding round, raising $260M, marks a pivotal moment in the company’s trajectory, with the capital infusion aimed at significantly accelerating its AI expansion and driving ...Full Article

Amazon Invests Another $2.75 Billion Into Anthropic

The GenAI boom last year triggered a desperate scramble among tech companies to adopt the new technology. With such immense potential on the line, an AI arms race is ...Full Article

AIX Ventures Launches $202M Fund II to Accelerate AI Innovations

Feb. 13, 2024 -- AIX Ventures, an AI fund and seed stage venture capital firm partnering top AI startups and AI practitioners, has announced the launch of its second ...Full Article

Anthropic in Talks with Menlo Ventures to Raise $750M

Another influx of cash might be on the horizon for Anthropic. The OpenAI competitor is hoping to raise $750 million in a new round of funding, according to Bloomberg ...Full Article

AI for Cloud Security Attracts Venture Funding

Vectra, the cloud security platform vendor, has raised an additional $100 million in its latest funding round led by TCV, an early investor in technology companies ranging Facebook to ...Full Article

Reemerging Container Security Ills Addressed

Concerns about the security of application containers have reemerged as the micro-services technology spreads across the enterprise. Those worries are fueled by recent reports of a “breakout” vulnerability in the ...Full Article

AI Chip Startup Graphcore Rings Up $200M in Funding

Graphcore, the U.K. AI chip developer, has attracted more investors as it rolls out its intelligent processing unit to enterprise datacenters and cloud services providers. The GPU rival reported ...Full Article

Investors Back Storage Startups

The storage sector continues to attract investment as more vendors emerge to help enterprises cope with the demands of storage and quickly accessing more data. Earlier this month, a ...Full Article

Cloud Analytics Startup Raises $52M

As more companies are moving applications and other workloads to the cloud, the market for cloud-based data analytics appears to be gaining momentum as cloud infrastructure vendors invest in ...Full Article

OpenStack Investors Place Big Bet On Mirantis

Investors continue to pour cash into the burgeoning open source ecosystem. Mirantis, which bills itself as one of the few pure-play OpenStack software vendors, announced a whopping $100 million ...Full Article
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