#funding

American company Recogni, renowned for developing technologies for autonomous vehicles, has raised $102 million in funding to venture into the creation of chips for generative AI. The investment round featured contributions from entities such as Celesta Capital, HSBC Holdings, and business figures from Saudi Arabia — Tasaru Mobility Investments.

In a strategic move, Gitcoin, known for project funding, is changing its approach from a broad focus on public goods to enhancing Ethereum's grant infrastructure.

Elon Musk is on a mission to attract $6 billion in funding for his AI-focused company, xAI, setting his sights on a valuation of $20 billion. This move would position xAI as a formidable rival to OpenAI, renowned for its ChatGPT app.

French startup Mistral AI has secured an investment of 385 million euros in its most recent funding round, which was spearheaded by Andreessen Horowitz (a16z) and Lightspeed Ventures. This infusion has raised the company's valuation to $2 billion.

Hack VC, a U.S.-based venture capital firm, has successfully amassed $150 million for investments in digital asset-related projects. The company is setting its sights on early-stage startups, with a portion of its team already operating from its New York base.

Brian Nelson, the U.S. Deputy Treasury Secretary for Terrorism and Financial Intelligence, conceded in a Congressional hearing that the role of cryptocurrencies in funding terrorism has been overstated.

Investment company Uncorrelated Ventures secured $315 Million in recent funding to finance software infrastructure and crypto startups.

Flowdesk, a French cryptocurrency service provider founded three years ago, has successfully raised $50 million in a recent funding round, with Cathay Innovation being the major investor.

The lead developer of Worldcoin, Tools For Humanity, is considering selling WLD tokens to attract funding and is currently engaging in preliminary discussions with investors. Unofficially, it is understood that they are looking to sell these tokens at a 50-60% discount, aiming to raise $50 million.

Asset management powerhouse BlackRock has secured seed funding for its spot Bitcoin ETF, still awaiting the green light from the U.S. Securities and Exchange Commission (SEC).