Funding

Jim Cramer said Monday he believes OpenAI may be preparing to go public soon, while warning that investor capital could become stretched amid growing demand for exposure to leading artificial intelligence companies. Cramer said in a post on X that OpenAI appears ready to go public “real soon...

Nonprofit organizations across the U.S. are facing rising burnout, worsening financial stress and a tougher funding environment as demand for services continues to climb, according to a new report from the Center for Effective Philanthropy, published this week. The report, titled "State of...

Gold Tree Studios, a subsidiary of Gold Tree, has filed for Chapter 11 bankruptcy. This comes as a shock to many, given the company’s successful procurement of $1 billion in financing earlier this year. What Happened: Gold Tree Studios had secured a massive $1 billion in...

Kim Kardashian‘s net worth has seen a significant increase, reaching $1.7 billion. This comes after her shapewear brand, Skims, secured $225 million in a funding round led by Goldman Sachs Alternatives. What Happened: The funding round has elevated Skims’ valuation to an impressive...

In the midst of the government shutdown, an anonymous benefactor, called a “friend” by President Donald Trump, has donated $130 million to the Pentagon. On Friday, Trump revealed that an anonymous friend donated a whopping $130 million to the Defense Department. This donation was aimed...

The debt ceiling has become a central point of contention in Washington this week, disrupting year-end government funding talks that were resolved early Saturday. What Happened: President-elect Donald Trump has called for either raising or completely eliminating the borrowing limit, a move that...

Popular cryptocurrency-based betting platform Polymarket, which has gained prominence this U.S. election season, might be gearing up to launch its own token. What happened: The so-called decentralized prediction platform was in talks to raise $50 million in fresh funding, tech-focused publication...

AI startup Anysphere is raising a new funding round, with a valuation of at least $400 million, backed by A16z. What Happened: Anysphere, the creator of an AI code editor named Cursor, is in the process of raising funds. The valuation of this round is a significant jump from the previous one,...

Masayoshi Son‘s SoftBank Group (OTC:SFTBY) is reportedly in talks with banks to secure loans for energy-related projects. The projects are estimated to be worth up to $10 billion. What Happened: A person with direct knowledge of the matter said that the group could raise the required capital...

In a strategic move to bolster its U.S. presence, SoftBank-backed global business travel management platform, TravelPerk, has acquired American industry leader AmTrav. What Happened: According to a press release by TravelPerk on Tuesday, the Barcelona-based firm has bought Chicago-based AmTrav, a...

In a recent development, four European tech firms have been selected as the first beneficiaries of the €1 billion ($1.1 billion) innovation fund set up by a consortium of NATO allies. What Happened: The NATO Innovation Fund (NIF) was initiated in 2022 in response to Russia’s aggression...

Elon Musk‘s artificial intelligence startup, xAI Corp., is reportedly in talks to raise a substantial amount of funding, potentially up to $4 billion. What Happened: xAI is currently in discussions with potential investors and this proposed funding round could see the company’s...

Crypto social startup Sleek raised a fresh round of capital. What Happened The company announced a $5 million seed round, taking its total valuation to $50 million. The funding was realized through an agreement for future tokens (SAFT), The Block reported citing Sleek co-founder Tania Tse. Binance...

Blockchain-based wholesale payments firm Fnality raised $95.09 million in its second round of funding. What Happened: The funding is backed by Goldman Sachs Group Inc. (NYSE: GS) and BNP Paribas (OTCMKTS: BNPQY), Reuters reported. It also saw participation from settlement houses DTCC and...

Web3 security company Blockaid secured venture capital. What Happened: The Tel Aviv-based startup raised $27 million in Series A funding led by Coinbase investor Ribbit Capital and early-stage venture capital firm Variant. Cyberstarts, Sequoia Capital, and Greylock Partners reportedly participated...