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CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network of 32 data centers that together have more than 250,000 Nvidia GPUs as of the end of 2024, according to the company. Since then, it has also added a number of Nvidia’s latest product, Blackwell, which supports AI reasoning. While we don’t know yet how many shares CoreWeave plans to sell or at what price, the IPO specialists at Renaissance Capital estimate the company hopes to raise at least $3.5 billion at a $32 billion valuation,…

Duetti, a music FinTech platform, has secured $200m in new debt funding to expand its financial services for independent music creators, including new royalty and publishing catalogue deals.The company has also announced a major expansion of its offerings to support royalty and publishing catalogue deals. This new service gives independent artists, songwriters and producers broader options to unlock the value of their creative work.The company has secured $200m in new funding to support this expansion, raised through two separate credit facilities. A $150m facility was led by Truist Securities Inc., with participation from Truist Bank, City National Bank, and Regions…

Work never stops? 5 signs you’re in crunch mode getty You’re running on caffeine and cortisol, checking emails at midnight, and your gym routine is a distant memory. The pressure never stops. You tell yourself this intense period will end soon, but deep down you know; this is just how you operate now. Your default state is survival mode and it’s starting to show. Crunch mode is when work takes over everything else, turning high-pressure sprints into a never-ending marathon. It starts as a temporary push but becomes a way of life. Long hours, constant urgency, and no real off…

Google is launching a new “AI Mode” experimental feature in Search that looks to take on popular services like Perplexity AI and OpenAI’s ChatGPT Search. The tech giant announced on Wednesday that the new mode is designed to allow users to ask complex, multi-part questions and follow-ups to dig deeper on a topic directly within Google Search.  AI Mode is rolling out to Google One AI Premium subscribers starting this week and is accessible via Search Labs, Google’s experimental arm.  The feature uses a custom version of Gemini 2.0 and is particularly helpful for questions that need further exploration and…

Anna Patterson has had a storied career in Silicon Valley. She founded three startups, including search engine upstarts Xift and Cuil, as well as recall.archive.org, which became the Internet Archive. She was the vice president of engineering at Google, and later started Gradient Ventures, an AI-focused seed fund. And she isn’t done building. Patterson told TechCrunch that a few years ago she had the itch to start something new again, but was unsure she had another startup in her. But after a breast cancer diagnosis in 2023 and being out of work a lot of that year, she realized she…

SpecterOps, a security startup selling technology to secure Microsoft’s Active Directory (AD) and Azure AD deployments, has raised an unusually large $75 million Series B funding round to accelerate the growth of its BloodHound Enterprise platform.  The company said the investment was led by Insight Partners. Venture capital outfits Ansa Capital, M12, Ballistic Ventures, Decibel and Cisco Investments also took equity positions. SpecterOps has now attracted $108 million in venture capital funding. The company said the new capital comes amidst rapid adoption of its flagship BloodHound Enterprise platform, with SpecterOps reporting 100% annual recurring revenue (ARR) growth in 2024 and…

Quantexa, a global provider of AI-driven decision intelligence solutions, has successfully closed a $175m Series F funding round.The funding round was led by Teachers’ Venture Growth (TVG), part of the Ontario Teachers’ Pension Plan, with ongoing support from existing investors such as British Patient Capital.Other backers in Quantexa include Warburg Pincus, Dawn Capital, BNY, Evolution Equity Partners, AlbionVC, and HSBC.The fresh investment values the London-based company at $2.6bn.Founded in 2016, Quantexa specialises in decision intelligence technology, which helps both public and private sector organisations make data-driven operational decisions with greater confidence. Its platform applies advanced AI to connect, unify, and…

Anthropic has quietly removed from its website several voluntary commitments the company made in conjunction with the Biden administration in 2023 to promote safe and “trustworthy” AI. The commitments, which included pledges to share information on managing AI risks across industry and government and research on AI bias and discrimination, were deleted from Anthropic’s transparency hub last week, according to AI watchdog group The Midas Project. Other Biden-era commitments relating to reducing AI-generated image-based sexual abuse remain. Anthropic appears to have given no notice of the change. The company didn’t immediately respond to a request for comment. Anthropic, along with…

Grain, a FinTech company focused on optimising foreign exchange (FX) for cross-border transactions, has secured over $50m in new funding to advance its AI-powered platform.The funding includes a $33m Series A round led by Bain Capital Ventures, with participation from Aleph, Vessey Ventures and Hanaco Ventures. This follows an earlier $18m seed round, bringing Grain’s total funding to date above $50m.Grain specialises in providing embedded FX solutions for B2B platforms, marketplaces, and payment providers. Its technology is designed to mitigate currency risk in real time while helping businesses dynamically price transactions at the point of sale. By integrating directly into…

CoverForce, an InsurTech platform focused on enhancing infrastructure and connectivity within the commercial insurance sector, has raised $13m in a Series A funding round.The funding round was led by Insight Partners, a global software investor, with additional participation from Nyca Partners.Founded by Cyrus Karai, Behram Dinshaw, and Kaivan Wadia, CoverForce operates a marketplace that facilitates seamless digital interactions between insurance carriers, agencies, and wholesalers. The platform serves as a central hub for quote-and-bind API connections, enabling brokers, wholesalers and agencies to access instant quotes and bind policies with a single click.CoverForce plans to use the new capital to expand its…