Venture Investments | ForkLog

ForkLog 16 18.03.2024

OpenAI in Talks with Abu Dhabi’s MGX for AI Chip Investment

State-backed investment firm MGX from Abu Dhabi is in discussions with OpenAI representatives regarding potential funding for an AI chip production project. This was reported by the Financial Times (FT), citing sources. According to the publication, the industry-focused fund was launched in mid-March and is managed by UAE’s national security advisor, Sheikh Tahnoon bin Zayed […]

AI translated

ForkLog 9 15.03.2024

Binance Spins Off Venture Division into Independent Entity

In early 2024, the cryptocurrency exchange Binance discreetly spun off its venture division, which holds assets worth $10 billion, into a separate business. This was reported by Bloomberg. “We are not part of the Binance group,” confirmed Binance Labs’ Chief Investment Officer Alex Odagu. In November 2023, the exchange settled claims from U.S. authorities by […]

AI translated

ForkLog 11 15.03.2024

Berachain Team Valued at $1.5 Billion Following Funding Round

Developers of the DeFi-focused L1 blockchain Berachain have raised $69 million in a funding round, valuing the company at $1.5 billion, according to sources cited by Bloomberg. The round was led by Brevan Howard Digital and Framework Ventures. The agency described the deal as a signal of renewed interest from venture investors in the cryptocurrency […]

AI translated

ForkLog 12 28.02.2024

Biotech Startup Secures $14 Million for AI-Driven Vaccine Development

The British company Baseimmune has raised $14 million in early-stage funding for vaccine development. The startup leverages artificial intelligence in its operations. The funding was provided by the investment arm of the American pharmaceutical company MSD GHIF and the British venture group IQ Capital. Baseimmune has trained neural networks to predict pathogen mutations to create […]

AI translated

ForkLog 9 27.02.2024

Microsoft Commits $2.1 Billion to Mistral AI Partnership

On February 26th, Microsoft announced a long-term partnership with the French company Mistral AI, involving an investment of $2.1 billion.

AI translated

ForkLog 10 26.02.2024

Venture Capital Investment in Crypto Startups Surpasses $90 Billion

The cumulative amount raised by crypto and blockchain firms from venture investors since 2017 has exceeded $90 billion, according to data from The Block. In February, analysts counted over 50 deals, with a total of 9500 transactions recorded since the inception of such statistics. Data: The Block. Since the beginning of the year, experts have […]

AI translated

ForkLog 14 25.02.2024

AI Startup Figure Secures $675 Million from Microsoft and Jeff Bezos

The AI firm Figure has raised approximately $675 million, with a preliminary valuation of $2 billion, according to Bloomberg, citing sources. Billionaire Jeff Bezos invested $100 million through his company Explore Investments. Microsoft contributed $95 million, Nvidia and an Amazon-affiliated fund each provided $50 million, Intel $25 million, LG $8.5 million, Samsung $5 million, and […]

AI translated

ForkLog 8 21.02.2024

Bioptimus Secures $35 Million for AI Model Development in Biotechnology

The French AI startup Bioptimus, aiming to develop a large language model (LLM) for biotechnology, has raised $35 million just months after its inception. The company was founded by Jean-Philippe Vert, a former researcher at Google Brain. He is also the Director of Research and Development at Owkin, a French biotech unicorn striving to discover […]

AI translated

ForkLog 13 21.02.2024

Hack VC Secures $150 Million for Web3 Venture Fund

Venture firm Hack VC has raised $150 million for a fund named Venture Fund I, aimed at supporting projects within the Web3 ecosystem. We wrote all about our new $150M Venture Fund (which brings our AUM to ~$420M) in our latest blog. Check it out for more on our vision for the fund, deep conviction […]

AI translated

ForkLog 18 13.02.2024

Cross-Chain Project Analog Secures $16 Million at $120 Million Valuation

The cross-chain infrastructure project Analog has raised $16 million in seed funding, reports The Block.

AI translated

ForkLog 10 01.02.2024

Hybrid Crypto Exchange Cube Secures $12 Million at $100 Million Valuation

The hybrid crypto trading platform Cube.Exchange, operating in a limited access mode, has raised $12 million in a Series A funding round, reports The Block. According to the publication’s source, the startup’s valuation has reached $100 million. The round was led by 6th Man Ventures. Among the investors are GSR Markets, ParaFi Digital, Susquehanna Private […]

AI translated

ForkLog 15 30.01.2024

Binance Invests in Puffer Finance’s Liquid Restaking Protocol

Binance’s venture arm has invested an undisclosed amount in the Ethereum-based liquid restaking protocol Puffer Finance, which operates on EigenLayer. We’ve invested in @puffer_finance! Puffer is a decentralized and permissionless native liquid restaking protocol (nLRP) that combines Ethereum liquid staking with native restaking on EigenLayer. Read more?https://t.co/O2jjMS0sUa — Binance Labs Fund (@BinanceLabs) January 30, 2024 […]

AI translated

#Venture Investments