Kyt Dotson
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Lightmatter raises $400M at $4.4B valuation for next-gen photonic data center networking
Lightmatter Inc., a startup building photonic supercomputing products, today announced it has raised $400 million in a late-stage round, raising the company’s valuation to $4.4 billion. The Series D round was led by T. Rowe Price Associates and joined by existing investors, including Fidelity Management & Research Co. and GV, the venture capital arm of ...
Tableau Software updates data visualization and cloud analytics management
Salesforce Inc.’s data visualization platform Tableau Software today introduced a major update that includes further extensions to its visualization capabilities and also promises to help organizations administer, create and scale analytics in the cloud. The new updates, announced today with the Tableau 2024.3 release, include the key feature Tableau Cloud Manager which the company said ...
AI observability firm Galileo raises $45M to improve AI model accuracy
Galileo Technologies Inc., an enterprise artificial intelligence observability and evaluation platform provider, today announced it has raised $45 million in new funding. The Series B round was led by Scale Venture Partners to help companies build trustworthy AI platforms. Databricks Ventures, Premji Invest, Amex Ventures, Citi Ventures, ServiceNow and SentinelOne participated alongside existing investors Battery Ventures, ...
Tenable brings intelligent data and AI resource security risk management to the cloud
Network security company Tenable Inc. today added security posture management capabilities for data and artificial intelligence solutions to the company’s Tenable Cloud Security platform that will reduce customer risk of exposure to misconfigurations and vulnerabilities. The company’s Cloud Security service helps companies discover risk within hybrid and multicloud environments, including vulnerabilities such as excess privileges, risky ...
CoreWeave lands $650M credit line for AI cloud-computing expansion
CoreWeave Inc., a cloud provider of graphics cards for artificial intelligence workloads, said today that it has added a $650 million credit line led by major investment firms to scale its global operations. JPMorgan Chase, Goldman Sachs and Morgan Stanley led the credit facility, with participation from Barclays, CitiGroup, Deutsche Bank, Jefferies, Mizuho, MUFG and ...
Uniswap Labs announces Unichain, a layer 2 blockchain for scaling decentralized finance
Uniswap Labs, the developer behind the most popular decentralized cryptocurrency exchange, today announced the launch of its own application-specific layer 2 blockchain network, Unichain. The company said the new blockchain network is geared toward helping build a scaling solution for Ethereum, a popular blockchain for decentralized finance, or DeFi, to help lower transaction times and ...
ApertureData raises $8.5M for multimodal AI database
California-based ApertureData Inc., the developer of a purpose-built database for artificial intelligence multimodal large language models, today announced it has raised $8.25 million. The seed round was led by TQ Ventures with participation from Westwave Capital and Interwoven Ventures. As more AI-driven applications expand beyond pure text generation and answers, many have become multimodal, which ...
Autonomous AI-powered software testing tool TestSprite announces early access
TestSprite Inc., a platform that offers end-to-end software testing using fully autonomous artificial intelligence, today announced early access to its platform today. The company’s platform provides an AI-powered quality assurance solution that fully automates the process of testing back-end and front-end systems with minimal input from the user by using the context of the services, ...
AI startup Basecamp raises $60M to scale research of proteins for ‘programmable’ next-gen meds
Basecamp Research, a biotechnology company that uses artificial intelligence to discover novel proteins and to help create new medicines, said today it has completed a $60 million round and joined a multiyear collaboration with the Broad Institute of Massachusetts Institute of Technology and Harvard. The company’s Series B financing round was led by Singular, with ...
Writer releases Palmyra X 004 next-gen generative AI model with tool calling capability
Enterprise-focused generative artificial intelligence startup Writer Inc. today announced the introduction of Palmyra X 004, the company’s newest proprietary large language model designed to power AI applications and autonomous agents. To train the new model, the company used synthetic data, which it says allowed it to produce the LLM at a small fraction of the cost ...