Sedric AI has raised $18.5 million in a Series A funding round to continue developing and promoting its artificial intelligence (AI)-powered compliance platform for financial institutions. The company will use the new funding to grow its AI lab in Tel Aviv and to expand its...
Drip Capital has secured $113 million in new funding to develop new products and to accelerate the growth of its digital platform for trade finance. The company has quadrupled its revenue and doubled its customer base over the past two years, despite rising interest rates...
Thoma Bravo Founder and Managing Partner Orlando Bravo said Thursday (Sept. 5) that while blockchain technology has promise, he and his firm are steering clear of companies and products in that space. Bravo said this about three years after his private equity investment firm helped lead a...
Data center operator Applied Digital is the latest company benefiting from investors’ artificial intelligence appetites. The firm raised $160 million in a financing round that included backers like AI chip giant Nvidia, The Wall Street Journal reported Thursday (Sept. 5). Applied Digital builds and leases...
Health and wellness-focused FinTech Flex raised $3.2 million in seed funding. The new financing will help the company with its mission of offering direct-to-consumer health and wellness brands an easier way to accept health savings account (HSA) and flexible spending account (FSA) payments online, according...
Safe Superintelligence, the company co-founded by OpenAI veteran Ilya Sutskever, has reportedly raised $1 billion. The company plans to use the funds to boost its computing power and hire talent, management told Reuters in an interview published Wednesday (Sept. 4). Safe Superintelligence (SSI) declined to share its...
Brazilian FinTech Ume has raised $15 million in a Series A funding round to expand its payment network and merchant services platform for small and medium-sized businesses (SMBs) on Pix. The round was led by PayPal Ventures, the companies said in a Friday (Aug. 30)...
Ziina has raised $22 million to provide FinTech services for UAE-based small businesses. In an interview with TechCrunch Tuesday (Sept. 3), Co-founder and CEO Faisal Toukan said there were a few factors that made the company attractive to investors, including the rapidly-growing small and medium-sized enterprise (SME) segment in the...
Bridge reportedly raised $40 million to support its efforts to build a stablecoin-based payments platform designed to simplify global money movement. The funding brings the total amount the company has raised to $58 million, CoinDesk reported Friday (Aug. 30), citing a paywalled article by Fortune....
