Venture Investments | ForkLog

ForkLog 17 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 17 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 18 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 12 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 29 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 13 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 13 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 13 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 17 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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ForkLog 9 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 […]

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ForkLog 14 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 […]

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ForkLog 20 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.

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