Category: funding
-
Kraken Seeks over $100M Funding Ahead of Potential IPO: Report
•
Cryptocurrency exchange Kraken is seeking more than $100 million ahead of a potential initial public offering (IPO), Bloomberg reported. The cryptocurrency exchange, founded in San Francisco in 2011, has long discussed going public. The move is said to be fueled by increased investor interest and a notable relaxation of regulations…
-
Kraken Bolsters IPO Ambitions With Plans Of A Massive $100 Million Funding Injection
•
US-based cryptocurrency exchange Kraken is reportedly considering a final funding round as it explores the possibility of an initial public offering (IPO), according to sources familiar with the matter. The stock exchange has received inquiries from potential investors amid the current rise in the stock market Digital assets market. Kraken…
-
Elon Musk’s AI Start-Up xAI Raises $6bn in Funding
•
Elon Musk’s artificial intelligence startup, xAI, has raised $6 billion from high-profile investors, including Andreessen Horowitz and Sequoia Capital. This latest round of funding boosts the company’s value to an estimated $24 billion, making it an important player in the AI landscape. The newly acquired funds will be instrumental in…
-
FTM’s Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding
•
The Fantom Foundation recently revealed its plans to create the Sonic Foundation and Sonic Labs in preparation for the launch of its Sonic blockchain. In an announcement on Thursday, the organization expressed its commitment to leveraging its technology and revealed additional details about upcoming developments. Phantom introduces the Sonic series…
-
Decentralized Funding Protocol Polimec Launches on Polkadot
•
Polimec, a community-driven decentralized finance protocol designed to transform how Web3 projects raise capital and issue tokens, has officially launched on Polkadot. Polimec provides a transparent, regulatory-compliant environment that connects investors and startups on a global scale. Community-led Web3 fundraising According to a joint statement with CryptoPotatoPolimec represents a major…
-
Drone startup Neros raises funding from Sequoia, eyes supplies to Ukraine, US military By Reuters
•
By Crystal Ho (Reuters) – Niros, a self-driving drone startup founded about a year ago, said it has raised $10.9 million in a seed round from Sequoia Capital to build a new factory and manufacture more drones for sale to Ukraine. Niros joins a string of US drone companies trying…
-
Botanix Labs Secures $11.5 Million Funding to Develop Bitcoin-Native DeFi Ecosystem
•
Botanix LaboratoriesA New York-based Bitcoin development startup founded at Harvard University announced a major funding of $11.5 million in a press release sent to Bitcoin Magazine. This funding round, led by notable investors including UTXO Management, Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, Andrew Kang, Dan Held, Dovi Wan,…
-
Electric Coin Company distances from direct funding of Zcash
•
Electric Coin appears to be changing its Zcash funding approach, calling for decentralization. Electric Coin (ECC), the company behind the Zcash cryptocurrency, has announced a shift in its funding approach to the token, signaling a move away from direct protocol funding and calling for decentralization where the current development fund,…