Business
Clio Raises $900 Million, Triples Valuation to $3 billion: Largest Raise Ever for Cloud-Based Legal Tech
Key Takeaways:
- Clio, a cloud-based legal software provider, has raised a whopping $900 million, pushing its valuation to $3 billion.
- The company describes this...
Business
Momentum Labs Secures $13M Funding to Improve its AI-Powered Customer Intelligence Platform
Key Takeaways:
- Momentum Labs has raised $13 million in new funding to accelerate its growth.
- The startup leverages artificial intelligence (AI) to transform sales...
Business
Cohere Inc.’s Impressive $500M Series D Funds Boost Valuation to $5.5B
Key Takeaways:
• Generative AI model startup, Cohere Inc., secures $500 million in Series D funding.
• The successful funding round elevates the company’s valuation to...
Business
Microsoft Reports 8.5M Windows Systems Affected by CrowdStrike Outage
Key Takeaways:
- Microsoft discloses that CrowdStrike's faulty update led to an estimated 8.5 million Windows computers' outage globally.
- The two tech giants are actively...
Business
eBay Prefers In-house Data Centers for AI Development Over Cloud Platforms
Key Takeaways:
- eBay primarily trains and deploys AI technology in its own data centers.
- The company uses public cloud services only during seasonal peaks.
-...
Business
Microsoft and Apple Vacate OpenAI Board Observer Seats Amid Regulatory Probe
Key Takeaways:
- Microsoft and Apple step back from observer positions on OpenAI's board.
- Their move is part of the ongoing regulatory investigations facing the...
Business
Helsing GmbH Raises €450M in Series C Funding: Defense Tech Firm Receives Sweeping Support
Key Takeaways:
- Helsing GmbH, a defense technology start-up has raised €450 million ($488 million) in Series C funding.
- The investment was led by General...
Business
CrowdStrike Leads in Industry Transformation: Insights from RSA Conference
Key Takeaways:
- Cybersecurity industry is evolving rapidly with Artificial Intelligence integration and cloud security.
- The security industry is leveraging new tools and vendors borne...