Amazon, a US tech giant, is set to establish a “top-secret” data cloud in Australia to store classified military and intelligence information in a $2 billion partnership with the federal government. Three high-security data centers will be built at undisclosed locations in the country to support the Top Secret (TS) Cloud managed by a local … Read more
RedStone Oracles, a company that connects blockchain networks to external data, recently raised $15 million in seed funding led by Arrington Capital. This funding round included participation from various other investors, bringing RedStone’s total funding to over $22 million. The company provides data feeds for over 60 blockchain networks and differentiates itself in the market … Read more
RedStone, a leading modular oracle, has successfully closed a $15 million Series A round, with Arrington Capital leading the investment. The funding round also saw participation from several prominent firms such as SevenX, IOSG Ventures, and Spartan Capital. This Series A round marks a significant milestone for RedStone, building on its earlier successes and fueling … Read more
chain oracle RedStone has successfully raised $15 million in Series A funding through a token round. This investment will help the company further develop its blockchain oracle technology, which provides accurate and reliable data to smart contracts. The funding round was led by prominent investors in the blockchain space, highlighting the growing interest and importance … Read more
Axelera AI, a startup based in the Netherlands, recently secured $68 million in series B financing for its innovative AI processing units (AIPUs) designed to run computer vision inference workloads at the edge. The company aims to expand its product offerings to address the computing needs of next-generation AI workloads, positioning itself as a key … Read more
Quadrant Technologies was recently recognized as the Microsoft Azure Partner of the Year for 2024 at a prestigious awards ceremony. This accomplishment highlights the company’s commitment to excellence in leveraging Microsoft Azure’s cloud services and technology solutions. The award signifies Quadrant Technologies’ outstanding performance in delivering innovative and impactful solutions to their clients through the … Read more
An AI-focused manufacturing startup has recently secured $106 million in funding from leading tech company Nvidia and other investors, according to a report by Reuters. This significant investment is expected to further propel the startup’s efforts in leveraging artificial intelligence technology to revolutionize the manufacturing industry. The startup, which specializes in AI-powered solutions for manufacturing … Read more
EvolutionaryScale, a US AI startup, recently secured $142 million in seed funding to develop AI technology capable of generating new proteins for various scientific and medical applications. The funding will enhance the company’s collaboration with the biotech industry. EvolutionaryScale, founded in 2023, is supported by major companies like Amazon Web Services (AWS) and NVIDIA. The … Read more
Cloudian recently secured $23 million in growth funding as demand for object storage continues to increase. The company’s HyperStore solution is seeing a 30 percent year-over-year increase in annual recurring revenue (ARR) and is being used for AI data lake storage. Cloudian has partnered with HPE to offer HyperStore as a GreenLake service, gaining four … Read more
EvolutionaryScale, a US AI startup, has secured $142 million in seed funding to develop AI technology that can generate new proteins for research, drug discovery, and medical therapies. The funding will strengthen the company’s partnership with the biotech industry. EvolutionaryScale, founded in 2023, is supported by major companies like Amazon Web Services (AWS) and NVIDIA. … Read more