Justt Raises $30 Million
Chargeback management company Justt raised a $30 million investment to bolster its platform powered by artificial intelligence.
Investing
China’s GenAI Sector Sees More Funding
The Chinese generative artificial intelligence sector received more funding this year, but at the same time recorded a decrease in the number of deals.
Indian Startups Raise 6% More This Year, With Funding Rounds Getting Scarcer
In 2024, Indian startups experienced a 32% decline in funding rounds compared to the previous year, although the aggregate funding amount itself grew by 6%.
AI Startup Basis Raises $34 Million
The startup Basis, which operates in the space of the artificial intelligence industry, on Tuesday, December 17, announced that it managed to raise investments for $34 million as part of the Series A funding round.
Databricks Hits $62 Billion Valuation
Databricks, one of the most valuable privately held companies, on Tuesday, December 17, announced the raising of financing for $10 billion after one of the largest venture capital funding rounds in history.
Tyme Becomes Unicorn After $250M Funding Round Led by Nubank
Singapore-based digital banking group Tyme has successfully raised $250 million, bringing the business a ‘unicorn’ status.
Australia Develops Plan to Boost AI Investment
In Australia, the Department of Industry, Science and Resources is starting work on a National AI Capability Plan.
AI Startup Vapi Raises $20 Million
Vapi startup, which is based in San Francisco and helps businesses to deploy voice agents powered by artificial intelligence, on Thursday announced that it had raised investments worth $20 million.
Mynt Raises $23 Million
Mynt, a spend management solution focused on small and medium-sized businesses in Nordic countries, raised investments worth 22 million euros (about $23 million) as part of the Series B funding round.
Digital Bank Zopa Raises $85 Million
British digital bank Zopa has announced that it has managed to raise 80 million euros (about $85 million) as part of the equity funding round.
Startup Cohere to Prioritize Customized AI Models
Canadian startup Cohere, which operates in the artificial intelligence industry, focuses on the development of tailored AI models for enterprise users.
Elon Musk’s xAI Raises Around $6 Billion
Founded by Elon Musk last year, startup xAI, which operates in the space of the artificial intelligence industry, on Thursday, December 5, announced that it had managed to raise about $6 billion in equity financing.
BlackRock to Acquire HPS Investment Partners, Enhancing Public and Private Market Integration
BlackRock is to strengthen its position in the growing private credit market with the acquisition of HPS Investment Partners, a global credit investment manager with $148 billion in client assets.
Stackfix Raises $3 Million
The startup Stackfix, which was founded by pioneers in the area of artificial intelligence, raised $3 million in seed funding.
Foreign Investments in China Demonstrate Decline
Analysts say that the outlook for the growth of foreign direct investment in China is facing a new challenge amid the return of Donald Trump, who won the United States presidential election last month, to the White House.
JPMorgan Gets Fined in Singapore for Manager Misconduct
JPMorgan Chase relationship managers allegedly misrepresented or withheld key pricing details, causing clients to pay spreads exceeding agreed rates, said the Central Bank of Singapore.
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