Elon Musk’s xAI has raised a staggering $6 billion in a new funding round, bringing its total funding to $12 billion. This massive investment fuels Musk’s ambitious plan to challenge industry leader OpenAI, marking a significant escalation in the AI arms race.
Stablecoin infrastructure project usdx.money announces a $45 million funding round, boosting its valuation to $275 million. The investment will fuel the expansion of USDX, its flagship stablecoin, through increased liquidity, DeFi integration, and innovative payout models.
MetOx International, a leader in High Temperature Superconducting (HTS) technology, has closed its Series B funding round, securing $40 million to expand its US manufacturing capabilities and meet surging market demand. This investment will significantly bolster the nation’s clean energy infrastructure and technological advancement.
Elicit Plant, a leader in biosolutions for broadacre crops, has raised $48 million in Series B funding to accelerate its global expansion, particularly in the U.S. Corn Belt. The company’s phytosterol-based biosolutions offer farmers a sustainable way to reduce crop water use by 20%, addressing the growing challenge of water stress across the globe.
Puloli, a leading provider of affordable methane monitoring solutions, has announced a successful second round of funding. This injection of capital will fuel the company’s expansion, enabling them to deliver their Paradigm M-Series solution across more regions. The company’s innovative SaaS approach and industry-leading data analytics are key drivers behind their success.
Sierra, the AI startup co-founded by former Salesforce co-CEO Bret Taylor, has reached a valuation of $4.5 billion after a successful funding round. The company, which specializes in AI-powered customer service chatbots, has seen its valuation skyrocket amidst a surge in funding for AI startups, exceeding established brands like Nikon and Macy’s. Sierra’s success highlights the growing demand for AI solutions, particularly in the enterprise sector.
France is facing a crisis with aging religious structures, many in need of repair. To address this, Culture Minister Rachida Dati has proposed a €5 entrance fee for tourists visiting Notre-Dame Cathedral, with the funds allocated to restoring other religious buildings nationwide. This plan, supported by the Interior Minister, aims to raise €75 million annually, highlighting the growing need for preservation efforts.
Perplexity, a rapidly growing artificial intelligence startup, is reportedly in talks to raise $500 million in its latest funding round, potentially valuing the company at $8 billion or more. This move highlights the strong investor interest in high-growth AI companies and Perplexity’s ambition to challenge tech giants like Google in the search and advertising industry.
Dubai’s in5, a leading entrepreneurship incubator, has witnessed a remarkable surge in funding for its start-ups, reaching AED 7.8 billion in total funding since its inception. This represents a 163% increase from 2023, highlighting the thriving start-up ecosystem nurtured by Dubai’s pro-innovation initiatives.
Philanthropist Melinda French Gates has announced a new $250 million fund dedicated to improving women’s health, highlighting her continued commitment to the cause after stepping down from the Gates Foundation. The fund, launched under her Pivotal Ventures initiative, aims to support organizations tackling barriers to women’s mental and physical well-being.
