Spotlight Swedish AI Infrastructure Startup Modal Achieves Unicorn Status with $87M Series B Modal's Meteoric Rise: An AI Infrastructure Pioneer Modal, the innovative AI-native infrastructure startup, has recently catapulted into the spotlight with an exhilarating $87 million Series B funding round. This financial surge, led by Lux Capital alongside loyal existing investors, elevates Modal's total funding to $111 million By Sara Viterbi • 3 min read
Spotlight AI Robotics Startup Figure Secures $39 Billion Valuation Amidst Surging Investor Interest In the world of high finance and innovative technology, Figure, an AI robotics company, has emerged as a dazzling star. Recently, it secured over $1 billion in committed capital during its Series C funding round, which catapulted its valuation to a staggering $39 billion. This remarkable achievement represents one of By Sara Viterbi • 4 min read
Spotlight Elon Musk Denies xAIs $10 Billion Fundraising Amidst Soaring Valuations in AI Race In the rapidly evolving world of artificial intelligence, few companies have captured the imagination and attention of investors quite like Elon Musk's xAI. This ambitious venture represents a bold leap into the future of AI technology, promising to reshape our understanding of what's possible in the By Sara Viterbi • 4 min read