Image Credits: Andrei Stanescu / Getty Images As DocuSign reportedly explores a sale to private equity, it’s acquiring a company itself. On Monday, DocuSign announced that it’s buying Lexion, a contract workflow automation startup, for $165 million. The purchase comes as DocuSign makes increasing investments in the contract management space, most recently launching DocuSign IAM, a …
Blaize, an artificial intelligence (AI) computing company, has secured $106 million in funding. The financial infusion is set to propel the company’s efforts in advancing AI and machine learning (ML) technologies across various sectors, Blaize said in a Monday (April 29) press release. “This investment lends further credence to our thesis that edge AI is …
Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion, Bloomberg reported Friday (April 26). Silicon Valley venture capital (VC) firm Sequoia Capital has committed to investing in the startup, according to the Financial Times (FT), which reported the same …
This week in artificial intelligence (AI) news, the U.S. and the U.K. are collaborating on safety tests for advanced AI technologies. Tech giants like Google and Microsoft have formed a task force to prepare workers for the AI era, addressing the urgent need for AI skills in evolving job markets. In venture capital, AI has shifted from a hot …
The funding follows recent calls to increase Canada’s AI computing power. The governments of Canada and Québec have earmarked $16 million to create an AI computing cluster at Université Laval. The investment is intended to support the purchase of the computing infrastructure needed for Université Laval to host the Pan-Canadian AI Compute Environment (PAICE) …
iKala announced the successful completion of its Series B+ funding round, led by Chunghwa Telecom. The total raised amount is $20.8 million (approximately NT$660 million), pushing iKala’s total fundraising to over $50 million (approximately NT$1.55 billion). Existing investors include Wistron Digital Technology Holding, Huitung Investments, Honesty Ventures, and Cherubic Venture. This funding will boost iKala’s …
Canadian artificial intelligence (AI) startup Cohere is reportedly in advanced discussions to raise $500 million. That funding would value the company — which makes foundation models to compete with ChatGPT creator OpenAI — at $5 billion, Reuters reported Thursday (March 21), citing a source familiar with the matter. According to that source, Cohere’s annualized revenue run rate has …
WarpStream Labs, the cloud native data streaming infrastructure company, announced it raised $20M in funding led by Greylock and Amplify Partners. Angel investors in the round include Ben Sigelman (CEO of Lightstep), Spencer Kimball (CEO of CockroachDB), and Barry McCardel (CEO of Hex Technologies). The company will use the funds to hire more engineers, scale …
Nvidia-backed Together AI said on Wednesday it has raised $106 million in a new funding round, doubling its valuation since last fall as investors rushed to back startups capitalising on the generative AI boom. Led by Salesforce Ventures, the funding valued Together AI at $1.25 billion. Other investors in the round included Coatue Management and …
Topping the latest table of achievements was an artificial intelligence model from tech giant Huawei that can forecast the weather – including temperature, humidity and wind speed – more accurately than traditional predictions based on computing power. The model, named Pangu-Weather, was trained on decades of observation data and is able to predict the weather …