Databricks announced a $500 million funding round this morning, signaling it was putting more cash to work in the growing AI market.,Sure, I’d be happy to assist. Here is your rewritten article: Kickoff: There’s a new buzz in Dubai’s tech world as Databricks takes the stage with an empowering announcement that not only initiates a … Read more
Tugende, a venture-backed lender based in Uganda, and Warbler Labs, the company building Goldfinch, a decentralized credit protocol, have agreed on a loan restructuring plan that may lead to the recovery of the $5 million loan that the East African motorcycle taxi financing company defaulted months ago. Warbler Labs arrived at a restructuring “agreement in … Read more
Local authorities were tipped off that a large sum of narcotics were being smuggled into the country. Operation Storm was a go and the authorities quickly investigated 5 shipping containers. The drugs were concealed within 651 doors and 432 decorative bars. Lieutenant-General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior … Read more
LastMile AI, a platform designed to help software engineers develop and integrate generative AI models into their apps, has raised $10 million in a seed funding round led by Gradient, Google’s AI-focused venture fund. AME Cloud Ventures, Vercel’s Guillermo Rauch, 10x Founders and Exceptional Capital also participated in the round, which LastMile co-founder and CEO … Read more
Helsing, a ‘Defence AI’ startup backed by Spotify founder Daniel Ek which had previosuly raised €102.5 million, has today pulled in another €209 million ($223 million) in a Series B funding round led by General Catalyst. Swedish heavy industry and defence group Saab is joining as a strategic investor, deepening what was previously an existing … Read more
After a couple years of dabbling in angel investments, crypto advisory firm Reverie is now bringing a bigger checkbook to bear. The firm is launching a flagship $20 million fund to invest in pre-seed and seed-stage crypto companies, its co-founder Larry Sukernik exclusively told TechCrunch. The fund, anchored by two U.S.-based institutional investors that Sukernik … Read more
Hearth Display, a hardware company making digital whiteboards for family task management, has raised $4.6 million in additional funding. The round, which is a bridge round, has a mix of existing and new investors including Female Founders Fund, Stellation Capital, Sweater Ventures, Behind Genius Ventures, an SPV led by Golden Hour Ventures and Dream Ventures, … Read more