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Funding News
Medium
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Meta Turns to Private Credit: $29B AI Data Centre Funding Without Wall Street Banks
- Meta Platforms is seeking $26-$29 billion through private credit facilities from Apollo Global, KKR, Brookfield, Carlyle, and Pimco for its AI superclusters and data centers.
- This move by Meta signifies a game-changer in capital structuring, impacting founders, CFOs, and private equity sponsors in the tech industry.
- The use of private credit for funding signals a shift in the capital market, influencing how companies approach financing for large-scale AI and infrastructure projects.
- Big tech firms like Meta are setting the trend in utilizing private credit for substantial financing needs, reshaping traditional banking reliance for tech ventures.
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SiliconCanals
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Image Credit: SiliconCanals
Madrid-based TuringDream raises €6M to scale it’s agentic AI platform for education and enterprises
- Madrid-based TuringDream secures €6M in seed financing led by Adara Ventures and HWK, with participation from Next Tier Ventures.
- Funds will be utilized to develop TuringDream's Agent Generation Model, vertical applicability, and expand market efforts across Europe, North America, and Latin America.
- TuringDream develops an Agentic AI Platform enabling organizations to create, deploy, and scale advanced multi-agent-based applications in sectors like education, corporate training, contact centers, IT, banking, and insurance.
- The company's product TAU, a tutoring platform for secondary school students, uses Multi-Agent Based Assistants (MABAs) for personalized learning, set to launch to the public in September.
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Eu-Startups
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Dutch AI platform Balthazar raises €1.2 million to build the OS forDeepTech R&D labs
- Amsterdam-based Balthazar, an AI platform for DeepTech labs, secured €1.2 million in funding, totaling €1.8 million.
- Funding led by CapitalT and Antler will aid product development, AI enhancement, and team expansion.
- Balthazar's platform streamlines experiments for DeepTech labs, providing structure and automation.
- The platform aims to address fragmented systems in DeepTech R&D, offering real-time coordination and integration.
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Siliconangle
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Image Credit: Siliconangle
Chinese GPU startups Moore Threads and MetaX file for IPOs, seeking a combined $1.65B in funding
- Chinese GPU startups Moore Threads and MetaX file for IPOs.
- Seeking $1.65B in funding on Shanghai Stock Exchange to boost domestic chip industry.
- US sanctions accelerating local demand for advanced chips, shaping Chinese chip market priorities.
- Companies investing heavily in R&D to create localized GPUs amidst losses.
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TechCrunch
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Jon McNeill brings the operator’s playbook to TechCrunch All Stage
- The keynote session by Jon McNeill at TechCrunch All Stage will focus on building and scaling sustainable companies by prioritizing product and go-to-market strategy validation over rapid growth.
- McNeill, with experience in founding, scaling Tesla, and taking Lyft public, emphasizes the importance of sustainable growth over mere momentum in creating enduring companies at DVx Ventures.
- The session promises insights into capital efficiency, operational discipline, and defying conventional VC norms to establish long-lasting businesses, appealing to founders and investors seeking impactful growth models.
- TechCrunch event attendees can save significantly on passes for the July 15 event in Boston, geared towards helping founders and investors navigate hypergrowth with a focus on building companies that last.
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Massivelyop
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Bohemia’s co-op survivalbox Everwind (fka SkyVerse) successfully funded on Kickstarter with $53K
- Bohemia Interactive's co-op survivalbox game, Everwind, which was previously known as SkyVerse, successfully completed its Kickstarter campaign in June, raising €45,961 ($53,891) from 888 backers.
- The developers expressed gratitude to supporters for enabling them to enhance gameplay and work on exclusive rewards. They plan to share development updates, behind-the-scenes content, and more as they progress with the game's development.
- Recent developer blogs have covered aspects such as the alchemy system, starter boat, and farming basics. The team aims to focus on NPC settlements in the upcoming development phases.
- The name change from SkyVerse to Everwind was due to a trademark dispute. The Kickstarter campaign aimed to engage the community in shaping Everwind's future and unlocking additional content and features beyond the current development scope.
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Medium
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Raising Capital — The Entrepreneur’s Journey(p2)
- Essential components of a successful VC pitch include a warm introduction for better connections.
- Understanding VC mindset, demonstrating market understanding, team strength, product uniqueness are key.
- Articulate market needs, go-to-market strategy, and future valuation milestones for success.
- Avoid common pitfalls like long presentations, self-aggrandizing, and lack of clarity.
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The Robot Report
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Top 10 robotics developments of June 2025
- Hexagon launched AEON humanoid robot for industrial applications to address labor shortages.
- Coco Robotics raised $80M for scaling sidewalk delivery robots and enhancing AI platform.
- Meta introduced V-JEPA 2 world model using raw video to train robots for navigation.
- Gecko Robotics reached unicorn status with $125M in Series D funding for infrastructure robots.
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Pymnts
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Image Credit: Pymnts
Zango Raises $4.8 Million For AI-Supported Financial Compliance Solution
- Zango raised $4.8 million in a seed round for its compliance solution that uses AI and human expertise to keep businesses ahead of regulations.
- The solution aims to streamline compliance processes by providing real-time regulatory updates and identifying gaps in existing policies.
- Nexus Venture Partners led the funding round and highlighted Zango's potential to transform financial compliance into a strategic advantage.
- The rise of RegTech has been transformative, allowing businesses to adapt to changing regulations and compete on new terms in a complex regulatory world.
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Pymnts
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Image Credit: Pymnts
Surge AI Reportedly Targeting $1 Billion in First-Ever Fundraise
- Surge AI, a data labeling company, is planning a $1 billion funding round, which would be its first ever.
- The company, founded by former Google and Meta engineer Edwin Chen, is aiming for a valuation of more than $15 billion.
- Surge AI took in over $1 billion in revenue last year, benefitting from Scale AI's customer losses following Meta's investment.
- The company's competitors like OpenAI and Google are also capitalizing on Scale AI's customer losses.
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15 Likes
Pymnts
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Image Credit: Pymnts
Remark Raises $16 Million for AI Personas That Guide Online Shoppers
- Remark raised $16 million in a Series A funding round for its AI personas that offer personalized guidance to online shoppers.
- The AI personas, trained by human product experts, help brands increase conversion rates and reduce customer service costs.
- The company will use the funding to expand into new verticals, grow its network of experts, and enhance its AI systems for online shopping guidance.
- The PYMNTS Intelligence report highlights the growing trend of using AI in retail personalization, with over 90% of retailers now leveraging AI for tailored customer experiences.
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TechCrunch
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Image Credit: TechCrunch
Winning capital for your AI startup? Kleida Martiro is leading the conversation at TechCrunch All Stage
- Kleida Martiro, partner at Glasswing Ventures, will lead a session at TechCrunch All Stage in Boston on July 15 about funding AI-native startups and framing their growth story for investors.
- The session, titled Winning Capital in a Competitive Market: How to Fund Your AI-Native Startup, will address the disconnect between how AI startups demonstrate traction and how investors evaluate them.
- Martiro, with experience in machine learning and serving on AI startup boards, will offer insights on aligning vision and funding needs with the right investors. Attendees can expect tactical advice on launching and scaling AI startups.
- Discounted Founder Passes at $155 and Investor Passes at $250 are available for a limited time. Attendees can benefit from networking and learning to gain a competitive edge in the AI startup ecosystem.
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Pymnts
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Image Credit: Pymnts
Klar Raises $190 Million As Latin America Goes Cashless
- Mexican FinTech company Klar has secured $190 million in new funding, with a Series C round led by General Atlantic valuing the company at over $800 million.
- Klar aims to accelerate product development to offer lower-cost, app-based financial products for consumers and small businesses, in a market where cash remains the dominant payment method.
- The funding gives Klar the resources to leverage breakthroughs in AI technology to enhance its offerings and compete in the growing FinTech landscape in Mexico, where other companies like Plata and Ualá are also raising funds.
- Latin American consumers are increasingly embracing digital payments, with projections indicating a rise in digital payment adoption over the coming years and a decline in cash usage, reinforcing the shift towards a cashless society.
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The Robot Report
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Genesis AI brings in $105M to build universal robotics foundation model
- Genesis AI secures $105 million in funding to develop a universal robotics foundation model and a horizontal robotics platform.
- The company aims to bring human-level intelligence into the physical world by leveraging both digital AI knowledge and physical AI.
- Genesis AI plans to make components of its technology open-source to empower developers and accelerate progress in physical AI.
- The company's goal is to enable the next generation of general-purpose robots by providing robustness, flexibility, and cost efficiency.
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TechCrunch
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Image Credit: TechCrunch
Raising a Series C+? Cathy Gao’s bringing the real playbook to TechCrunch All Stage
- Cathy Gao, partner at Sapphire Ventures, will share insights on growth-stage fundraising at TechCrunch All Stage 2025 in Boston on July 15.
- Gao has experience backing successful startups like Culture Amp, Gem, Sword Health, and EliseAI.
- She will focus on the new rules for raising a Series C & beyond, including the impact of generative AI on later-stage funding.
- TechCrunch All Stage offers discounted tickets for founders and investors to learn from industry experts and network with leading investors.
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