Announcing Perplexity's Series B Funding Round

To support our rapid consumer adoption and expansion plans, we’ve raised $73.6 million in Series B funding from trusted VC firms and prominent tech visionaries. IVP led the round with continued support from our Seed and Series A investors NEA, Elad Gil, Nat Friedman, and Databricks, as well as new investors NVIDIA, Jeff Bezos (through Bezos Expeditions Fund), Tobi Lutke, Bessemer Venture Partners, Naval Ravikant, Balaji Srinivasan, Guillermo Rauch, Austen Allred, and Factorial Funds among others. Building upon our Series A from last year, we’ve now raised $100 million to date.

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.

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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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