Sardine Launches Industry-Wide Consortium to Curb The Rapid Rise of Payment Fraud

Sardine today announced the formation of SardineX, an industry-wide, independent consortium to curtail payment fraud.

Anthropic Raises $450 Million in Series C Funding to Scale Reliable AI Products

Factorial Funds is excited to announce our investment in Anthropic's $450 million in Series C, with participation from Google, Salesforce Ventures, Sound Ventures, Zoom Ventures, and others.

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Wefox Secures $110m With $55m Credit Facility From J.P. Morgan and Barclays

wefox, the Berlin-based insurtech, has secured US$55m credit facility from J.P. Morgan and Barclays alongside a $55m second close in its Series D at US$4.5bn valuation from existing investors and new investors including Squarepoint.

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Mercury has attracted over $2 billion in deposits since SVB fell.

Mercury — working with partner banks Choice Financial Group and Evolve Bank & Trust and their sweep networks– upped its FDIC insurance, first from $1 million to $3 million and then to $5 million.

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SpaceX sets up subsidiary in South Korea for Starlink service

SpaceX has set up a subsidiary in Seoul to launch satellite internet services using Starlink.

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Anthropic Partners with Google Cloud

Anthropic, an AI safety and research company, has selected Google Cloud as its cloud provider.

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