Category Business

Helsing raises €450M Series C for AI defence tech

Helsing raises €450M Series C for AI defence tech

German defence AI company Helsing has raised €450 million in a Series C financing round led by General Catalyst. Elad Gil, Accel, Saab, Lightspeed, Plural, and Greenoaks participated. This brings the company’s funding to over $760 million. Helsing has been…

SoftBank Buys Struggling UK Chip Startup Graphcore in AI Race

SoftBank Buys Struggling UK Chip Startup Graphcore in AI Race

SoftBank Group Corp. has acquired British semiconductor startup Graphcore Ltd., as the Japanese firm seeks to strengthen its investments in chips and artificial intelligence. The companies announced the deal on Friday without disclosing financial terms. Bristol-based Graphcore will operate as…

AIOps Drives Observability And Business Outcomes In IT

AIOps Drives Observability And Business Outcomes In IT

In my recent report, AIOps: A Crucial Component Of High-Performance IT, I speak to how AIOps is a critical tool for IT leaders aiming to run high-performance organizations. AIOps combines AI, machine learning, advanced analytics, and operational practices with business…

Icelandic Frumtak Ventures closes fourth fund at $87M

Icelandic Frumtak Ventures closes fourth fund at M

Iceland-founded early-stage investor Frumtak Ventures has raised an $87M fourth fund, named Frumtak IV. While being sector-agnostic, the fund has previously placed most of its investments in B2B SaaS startups at the seed or Series A stage. The investors’ focus will…