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...

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...

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...

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...

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. -...

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...

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...

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...