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04 Jun 2025

Speedata Raises $44M to Challenge Nvidia with Innovative Analytics Processing Unit

Israeli chip startup Speedata secures $44M in Series B funding, bringing its total to $114M, as it prepares to unveil its Analytics Processing Unit (APU) designed to accelerate big data analytics and AI workloads.

4 Sources

03 Jun 2025

Ciroos.AI Raises $21M for AI-Powered Site Reliability Engineering Platform

Ciroos.AI, an AI startup, has emerged from stealth with $21 million in funding to develop an AI-powered site reliability engineering assistant that aims to revolutionize incident response and system management across multiple domains.

2 Sources

AI 'Vibe Coding' Startups Surge with Sky-High Valuations Amid Industry Transformation

AI-powered code generation startups are attracting massive investments and valuations, transforming the software development landscape. However, these startups face challenges including profitability concerns and competition from tech giants.

7 Sources

Salesforce Acquires AI Recruiting Startup Moonhub to Bolster AI Strategy

Salesforce has acquired Moonhub, an AI-driven recruiting startup, as part of its ongoing AI strategy. The Moonhub team will join Salesforce to advance its AI initiatives, including the Agentforce platform.

4 Sources

Valla Raises $2.7M to Democratize Legal Support for Employees Using AI

Edinburgh-based legal tech startup Valla secures $2.7 million in seed funding to make legal recourse more accessible to employees through AI-powered tools and coaching.

2 Sources

IBM Acquires Seek AI and Launches Watsonx AI Labs in NYC, Boosting Enterprise AI Capabilities

IBM acquires Seek AI, a natural language data analysis startup, and launches Watsonx AI Labs in New York City to accelerate AI innovation and development for enterprise solutions.

4 Sources

Elon Musk's xAI Seeks $113 Billion Valuation Amid Ambitious Growth Projections and Political Turmoil

Elon Musk's AI startup xAI is launching a $300 million share sale, valuing the company at $113 billion. The company is also seeking a $5 billion debt financing package, projecting over $13 billion in annual earnings by 2029. However, Musk's recent political fallout with President Trump has complicated the fundraising efforts.

14 Sources

Jeffrey Katzenberg Leads $15.5M Investment in AI Video Ad Platform Creatify

Former DreamWorks CEO Jeffrey Katzenberg co-leads a $15.5 million Series A funding round for Creatify, an AI-powered video ad platform. The investment highlights the growing interest in AI-driven advertising solutions.

2 Sources

02 Jun 2025

Global Fintech Sector Enters New Era of Growth and Maturity, Driven by AI and Emerging Technologies

The fintech industry is experiencing rapid growth, outpacing traditional financial services. Key trends include the adoption of AI, onchain finance, and new focus areas in B2B and infrastructure.

2 Sources

Samsung Poised to Partner with Perplexity AI for Galaxy S26, Potentially Replacing Google Gemini

Samsung is reportedly close to finalizing a deal with AI startup Perplexity to integrate its technology into future Galaxy devices, potentially replacing Google Gemini as the default AI assistant.

20 Sources

01 Jun 2025

Silicon Valley VCs Navigate Uncertain AI Future Amid Soaring Valuations

Venture capitalists in Silicon Valley face challenges as AI companies reach unprecedented valuations, creating a divide between major investors and smaller firms in the rapidly evolving AI landscape.

3 Sources

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