On Tuesday, while the robotics industry continued pouring billions into machines that walk like humans, a startup called Genesis AI unveiled one that deliberately does not. Eno is a wheeled robot with a foldable tower, dexterous hands, and a foundation model its creators say gives it human-level manipulation. It is a pointed rejection of the industry’s […]
For most of the past decade, the security industry quietly gave up on prevention. Breaches were treated as inevitable, and the money went into detecting and cleaning up the mess afterwards. A new startup from two veterans of that industry says AI has made stopping the attack in the first place possible again, and investors […]
The hottest pitch in AI right now is not another chatbot. It is software that can run the machines on a factory floor, and a two-year-old Israeli startup has just raised $20m on the strength of programming parts for Jeff Bezos’s rockets. Limitless Labs, formerly LimitlessCNC, closed a $20m Series A co-led by Dell Technologies […]
A Swedish startup wants to do to patent attorneys what Harvey and Legora are doing to corporate lawyers, except it is not trying to give them better tools. It wants to replace them. Lightbringer has raised $10m (€8.6m) in a Series A to take its self-styled ‘AI-native patent firm’ into the United States, the world’s […]
Most of the AI industry is trying to fix hallucinations by building bigger, smarter models. A startup called Probably is betting on the opposite. The company has raised $9m in a seed round co-led by Andreessen Horowitz and Accel, with Tokyo Black and Vermilion Cliffs Ventures, to catch AI’s factual errors before they ever reach […]
Hydra Host has raised $100m to build the plumbing of the AI boom, and one of its new backers is the company whose chips it is trying to turn into a commodity: Nvidia. The Series A was led by Kindred Ventures, with Nvidia joining alongside ARK Invest, Comcast Ventures, Magnetar, PEAK6 and others. The Information, […]
Nuvei is buying Payoneer for $2.75bn, a bet that the way to take on Stripe is to own every step of a payment, not just one. The Canadian firm will pay $7.40 a share in cash for Payoneer, the cross-border specialist listed on Nasdaq, in a deal both boards have approved. It ends Payoneer’s roughly […]
DeepSeek, the Chinese AI lab that unsettled the industry with a cheap, capable model last year, has closed its first round of outside funding, raising roughly 50 billion yuan, about $7bn, in a deal whose structure is as notable as its size. The valuation lands between $52bn and $59bn, according to Reuters. The unusual part […]
Optiak, a startup building what it calls a modular operating system for enterprise AI, has come out of stealth with a €4m pre-seed round, about $4.7m, led by Market One Capital, Next Tier Ventures, EA Ventures Plug and Play EMEA Fund and Mission. The company, the founders say, is trying to solve a problem most […]
Go Inc., Japan’s most widely used taxi-hailing app, begins trading on the Tokyo Stock Exchange on Tuesday after raising ¥88.6 billion ($553 million) in the country’s largest initial public offering this year. The offering was more than 25 times oversubscribed. Investors valued the company at ¥186 billion. The IPO priced at ¥2,400 per share, the […]
