Venture Investments | ForkLog

ForkLog 401 03.04.2024

Yi He: The Influential Force Behind Binance

In a move to comply with regulatory requirements, cryptocurrency exchange Binance has disclosed the composition of its board of directors. The board includes the platform’s CEO Richard Teng and three top executives: Heina (Guanying) Chen, Jingkai (Rock) He, and Lilai Wang. External board members are Gabriel Abed, former ambassador of Barbados to the UAE, Arnaud […]

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ForkLog 28 01.04.2024

Farcaster Developer Valued at $1 Billion, Reports Say

The startup Merkle Manufactory, associated with the DeSoc application Farcaster, has been valued at $1 billion following an investment round led by Paradigm, according to sources cited by Bloomberg. Based in Los Angeles, Merkle Manufactory was founded in 2020 by two former Coinbase executives—Varun Srinivasan, a former senior director, and Dan Romero, a former vice […]

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ForkLog 26 28.03.2024

Amazon Commits $2.75 Billion to Anthropic in AI Investment

Amazon has announced a new investment of $2.75 billion in the AI startup Anthropic. This brings the tech giant’s total investment to $4 billion, fulfilling a promise made in September 2023. According to a press release, the collaboration between the companies to implement generative AI for clients worldwide is just beginning. Under the partnership agreement, […]

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ForkLog 24 20.03.2024

Saudi Arabia to Invest $40 Billion in Artificial Intelligence

Saudi Arabia is set to establish a fund to invest $40 billion in artificial intelligence technologies, according to The New York Times, citing sources. The newspaper reports that representatives of the Public Investment Fund have discussed potential partnerships with Andreessen Horowitz, a leading venture firm in Silicon Valley. According to the NYT, the agreement would […]

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ForkLog 19 19.03.2024

Web3 Startup UXLINK Secures $9 Million from OKX Ventures and Others

The social Web3 platform UXLINK has raised over $9 million in investments from OKX Ventures, Manifold, Web3Port, UOB Ventures, Comma3, Cypher Capital, Kucoin Labs, Gate Labs, Forgame (0484.HK), ECV, and 7UPDAO, as reported by the startup’s representatives to ForkLog. OKX Ventures Led an Investment in UXLink, A Web3 Social Platform and Infrastructure Providerhttps://t.co/2sVrLJJdsT@UXLINKofficial pic.twitter.com/CZIv3Hf9na — […]

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ForkLog 20 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 […]

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ForkLog 23 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 […]

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ForkLog 41 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 […]

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ForkLog 19 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 […]

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ForkLog 19 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.

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ForkLog 19 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 […]

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ForkLog 22 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 […]

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