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Netflix files suit against Broadcom over VMware virtual machine patents
Video streaming giant Netflix Inc. is suing Broadcom Inc. over virtual machine patents owned by the company’s subsidiary VMware Inc. According to the lawsuit filed with a California federal court by Netflix Monday, the company said VMware’s cloud software infringes on five patents related to virtual machines. Three of the patents Netflix said VMware infringes ...
No-code industrial project software startup Sitemate raises $27.5M
Sitemate Services Pty Ltd., a company creating no code software tools, today announced it has raised $27.5 million in early-stage funding to assist what it calls “built world” companies in construction, energy, mining and more with project management. The company’s Series A funding round was led by Blackbird, with participation from existing investors Shearwater Capital and ...
Avalon Labs raises $10M to grow its bitcoin-based stablecoin
Avalon Labs, the developer of a stablecoin built atop the bitcoin blockchain, announced today it has raised $10 million in a new early-stage funding round to grow its decentralized finance capabilities and cryptocurrency. The Series A round was led by Framework Ventures with participation from UTXO Management, Presto Labs and Kenetic Capital among others. The bitcoin ...
BlueQubit raises $10M to provide quantum computing access to enterprises
BlueQubit Inc., a San Francisco-based quantum software startup, announced Thursday it has raised $10 million in seed funding to expand its platform and bridge the gap between the technology and real-world applications. Nyca Partners led the round with participation from Restive, Chaac Ventures, Presto Tech Horizons, NKM Capital and BigStory VC. Founded by Stanford alumni ...
Patronus AI releases Glider: a small, high-performance AI evaluator model for other models
Patronus AI Inc., a startup that builds tools for companies to detect and fix reliability issues in their large language artificial intelligence models, today announced the launch of a small but mighty AI model that can evaluate and judge the accuracy of much larger models. The company calls its model Glider, a 3.8 billion parameter ...
Smart ring startup Oura nabs $200M at $5.2B valuation
Oura Health Oy, the maker of health-tracking smart device Oura Ring, said today it has raised $200 million in a new late-stage funding, doubling its valuation since 2022 to $5.2 billion. Fidelity Management & Research Co. and DexCom Inc., a global leader in the development of glucose monitoring sensors, participated in the Series D round. ...
AI copilot for game devs Coplay raises $1.2M
Coplay, an artificial intelligence copilot for game developers, said today it has raised $1.2 million in pre-seed funding to build its game development AI assistant. Failup Ventures led the round, with participation from Tower Research Ventures, Founders Inc., Sequoia Scouts and other investors. Game development can be a tedious task for software engineers, who must ...
SandboxAQ raises $300M at $5.6B valuation to develop AI and quantum technology
SandboxAQ, a company that develops artificial intelligence and quantum sensing technology, announced today that it has raised more than $300 million in new funding at a valuation of more than $5.6 billion to accelerate the development of specialized AI models. Investors participating in the round included former Google Chief Executive Eric Schmidt, Salesforce Inc. founder ...
Grammarly acquires Coda, takes on co-founder Mehrotra as new CEO
Grammarly Inc., the startup best known for its artificial intelligence-powered proofreading software, today announced its intent to acquire the AI productivity platform Coda Project Inc. and bring on Coda’s Chief Executive Shishir Mehrotra as Grammarly’s new CEO. Coda made a name for itself as a productivity suite startup competing with similar products such as Google ...
Nvidia debuts NeMo Retriever microservices for multilingual generative AI
Nvidia Corp. today announced the launch of microservices that will allow artificial intelligence engineers to build generative AI applications that can store and retrieve data across multiple languages, allowing them to cross national barriers more readily. To make data retrieval for generative AI across languages more accurate, Nvidia introduced multilingual capabilities using Nvidia NeMo Retriever ...