Artificial Intelligence

Tessera Labs: $60 Million Funding Raised For AI-Powered ERP Modernization Platform

By Amit Chowdhry ● Today at 7:22 AM

Tessera Labs announced it raised $60 million in oversubscribed funding led by Andreessen Horowitz to accelerate development of its AI-native enterprise transformation platform. Foundation Capital, Myriad Venture Partners, and Osage University Partners also participated in the financing round.

District: $14.7 Million Seed Funding Raised For AI Commerce Platform

By Amit Chowdhry ● Today at 7:21 AM

District announced it raised $14.7 million in seed funding led by Andreessen Horowitz and Kindred Ventures, with participation from Greylock Partners and a group of angel investors and operators from the technology and commerce sectors.

Lumen Technologies: $475 Million Alkira Acquisition Advances AI-Era Networking Platform

By Amit Chowdhry ● Today at 12:42 AM

Lumen Technologies announced an agreement to acquire Alkira for $475 million in cash, a move designed to accelerate the company’s digital platform strategy and expand its cloud-native networking capabilities for enterprise customers operating in hybrid and multi-cloud environments.

Aramco And IBM Announce Collaboration To Advance AI And Innovation Across Saudi Arabia’s Industrial Sector

By Amit Chowdhry ● Today at 12:39 AM

Aramco and IBM have announced an intended collaboration to advance artificial intelligence, agentic AI, automation and material science across the industrial sector in Saudi Arabia. The announcement was made at THINK Boston, IBM's global flagship event, in the presence of IBM Chairman and CEO Arvind Krishna and Aramco Senior Vice President of Digital & Information Technology Sami Al Ajmi.

OpenAI Launches GPT-5.5 Instant As New Default Model With Improved Accuracy And Personalization

By Amit Chowdhry ● Today at 12:38 AM

OpenAI has updated ChatGPT's default model to GPT-5.5 Instant, replacing GPT-5.3 Instant for all users. The update delivers stronger factual accuracy, more concise responses and improved personalization by making better use of context users have already shared across conversations.

IBM Db2 Genius Hub Expands AI Inferencing Support To Google Vertex AI And Intel Gaudi

By Amit Chowdhry ● Today at 12:37 AM

IBM has announced that its Db2 Genius Hub now supports Google Vertex AI and Intel Gaudi AI accelerators, expanding the platform's options for AI inferencing beyond its existing support for Amazon Bedrock, AMD Instinct accelerators and NVIDIA H100 GPUs. The update gives enterprise customers greater flexibility in building and scaling AI inferencing workloads.

Altara Raises $7 Million In Seed Funding To Accelerate Scientific And Industrial Breakthroughs With Agentic AI

By Amit Chowdhry ● Yesterday at 9:59 PM

Altara, an AI company building a scientific intelligence platform for research and development through manufacturing, has announced $7 million in seed funding led by Greylock, with participation from Neo, BoxGroup, and Liquid 2 Ventures, along with angel investors including Jeff Dean and leadership at OpenAI and AMD.

Raymond James Unveils New AI Capabilities And Technology Enhancements To Elevate Advisor And Client Experience

By Amit Chowdhry ● Yesterday at 8:05 PM

Raymond James is showcasing new artificial intelligence capabilities and technology enhancements at Elevate, its national conference for independent financial advisors, reflecting the firm's commitment to delivering advisor-first technology designed to support service and enhance the client experience across all affiliations.

Spring Labs: $5 Million Raised For AI-Native Compliance Platform For Financial Institutions

By Amit Chowdhry ● Yesterday at 3:36 PM

Spring Labs announced it raised $5 million in funding led by BankTech Ventures and Haymaker Ventures to expand its AI-native compliance and operations platform for financial institutions. The company said the funding will support growth beyond AI complaint and dispute agents into a broader compliance workflow and agent orchestration platform for banks, sponsor banks, and fintechs.

Elastics: $2 Million Raised For AI Agents For Prediction Markets

By Amit Chowdhry ● Yesterday at 3:31 PM

Elastics, an AI-native operating system for prediction markets, announced it has raised $2 million in an oversubscribed pre-seed funding round led by Frst. The round also included angel investors from across the AI and crypto sectors, including the co-founders of ElevenLabs, partners from XBTO, an Andreessen Horowitz scout, and a RedStone co-founder.

SAP: Acquisition Of Dremio To Expand AI Data Integration And Lakehouse Capabilities

By Amit Chowdhry ● Yesterday at 2:28 PM

SAP announced it has agreed to acquire Dremio, an open high-performance data lakehouse platform designed to accelerate agentic AI and expand SAP Business Data Cloud’s ability to combine SAP and non-SAP data for analytical and AI workloads in real time. Financial terms of the transaction were not disclosed.

Fathom Secures Strategic Investment From CVS Health Ventures For Autonomous Medical Coding Platform

By Amit Chowdhry ● Yesterday at 12:20 PM

Fathom, an AI-powered autonomous medical coding company, announced a strategic investment from CVS Health Ventures, the venture capital arm of CVS Health, to accelerate the adoption of enterprise-wide autonomous coding across healthcare organizations.

Subquadratic: $29 Million Seed Raised For Long-Context AI Architecture

By Amit Chowdhry ● Yesterday at 12:17 PM

Subquadratic, an AI research company developing long-context large language model architectures, announced the launch of SubQ 1M-Preview, which it describes as the first fully subquadratic large language model architecture. The company also disclosed $29 million in seed funding from investors including Javier Villamizar, Justin Mateen, Grant Gittlin, and Jaclyn Rice Nelson, alongside early investors in Anthropic, OpenAI, Stripe, and Brex.

Astrocade: $56 Million Raised To Build AI-Powered Interactive Entertainment Platform

By Amit Chowdhry ● Yesterday at 12:15 PM

Astrocade announced $56 million in new funding to expand its AI-powered interactive entertainment platform that enables users to create and play games generated with artificial intelligence. The funding included a Series B round led by Sequoia Capital and a Series A round led by Sea, with participation from Google’s AI Futures Fund, NVIDIA, LG Technology Ventures, Dentsu Ventures, Conviction Embed, Chaac Ventures, Rogue VC, and additional investors.

Enter: $100 Million Series B Raised At $1.2 Billion Valuation For AI Legal Platform

By Amit Chowdhry ● Yesterday at 12:13 PM

Enter, a Brazilian AI legal technology startup, raised more than $100 million in a Series B funding round at a $1.2 billion valuation, becoming one of the highest-valued AI companies in Latin America. The round was led by Founders Fund, with participation from Ribbit Capital, Sequoia Capital, ONEVC, Atlantico, and Kaszek.

Anthropic Launches New AI Agent Templates And Microsoft 365 Integrations For Financial Services

By Amit Chowdhry ● Yesterday at 12:08 PM

Anthropic announced a major expansion of its financial services offerings with the release of 10 ready-to-run AI agent templates designed for banking, asset management, insurance, and financial operations teams. The company also introduced new Microsoft 365 integrations and expanded its partner ecosystem with additional data connectors and an MCP app for financial workflows.

Herd Security: $3 Million Raised For AI-Powered Cybersecurity Training Platform

By Amit Chowdhry ● Yesterday at 12:02 PM

Herd Security, an agentic AI platform focused on continuous security training and simulation, announced a $3 million funding round with strategic investment from Aspiron Ventures. Additional participants in the round included Team Ignite, ForwardSlash VC, Forum Ventures, Rightside Capital, and YPO.

Qutwo: €25 Million Angel Round Raised At €325 Million Valuation For Quantum Era AI Platform

By Amit Chowdhry ● Yesterday at 11:46 AM

Qutwo announced it raised a €25 million angel funding round at a €325 million valuation to build a European AI lab focused on the emerging quantum computing era.

Haun Ventures: $1 Billion In New Funds Announced To Back Digital Assets And Agentic Economy Startups

By Amit Chowdhry ● Yesterday at 12:15 AM

Haun Ventures announced $1 billion in new funds aimed at supporting founders building infrastructure and applications across digital assets, financial technology, tokenized markets, and the emerging agentic economy.

Sierra: $950 Million Raised At $15 Billion Valuation For AI Customer Experience Platform

By Amit Chowdhry ● Yesterday at 12:14 AM

Sierra announced it has raised $950 million from new and existing investors led by Tiger Global and GV at a valuation exceeding $15 billion.

Intel: Leadership Appointments Announced To Advance Client Computing And AI Innovation

By Amit Chowdhry ● Yesterday at 12:09 AM

Intel announced two executive leadership appointments aimed at strengthening its client computing business and advancing the company’s long-term AI and emerging technology strategy.

Nscale: 66,000+ NVIDIA Rubin GPUs Deployment Announced For Microsoft At Portugal AI Data Campus

By Amit Chowdhry ● Yesterday at 12:08 AM

Nscale announced an expansion of its collaboration with Microsoft and Start Campus that will deploy more than 66,000 NVIDIA Rubin GPUs at the SINES Data Campus in Portugal beginning in late 2027.