Latest news with #SeriesE
Time of India
a day ago
- Business
- Time of India
Elon Musk's Neuralink implants brain chip in sixth patient who says 'I'm already shocked'
Neuralink, Elon Musk's brain-chip company, has implanted its brain-computer interface (BCI) in a sixth person. The update came from Rob Grenier, who shared his experience on social media platform X (formerly Twitter) earlier this week. "Absolutely amazing what I can do already in under a week with Neuralink!" Grenier posted, along with a video showing him playing a computer game and moving a cursor using only his thoughts. Grenier became quadriplegic after a car accident in December 2022. The incident left him paralyzed from the neck down. 'I can't thank the Neuralink team, the doctors, the surgeons and all of my family and friends' support. It may only look like I'm doing a couple games but it's been under a week and I'm already shocked!' he added in the post. Elon Musk's Neuralink raises $650 million in Series E round The announcement comes as Neuralink raised over $650 million in its Series E funding round, bringing its valuation to $9 billion. The Series E round attracted major investors including ARK Invest, Founders Fund, Sequoia Capital, Thrive Capital, and several others, valuing the company at approximately $9 billion pre-money according to recent reports. Cathie Wood's ARK Invest is among the company's major backers. The funding represented a significant increase from Neuralink's $280 million Series D round in August 2023. Neuralink has launched clinical trials at leading medical institutions across three countries, including Barrow Neurological Institute, The Miami Project to Cure Paralysis at the University of Miami, University Health Network in Toronto, and Cleveland Clinic Abu Dhabi. It is now preparing for a human trial of its Blindsight chip in partnership with the UAE's Cleveland Clinic in 2026. Musk had earlier said, 'With Neuralink interfacing directly to the visual cortex, even those who are completely blind will be able to see again.' Alcatel V3 Ultra Unboxing & Hands-on | Dual Display Mode, Sleek Design & More!
Entrepreneur
3 days ago
- Business
- Entrepreneur
Coralogix Raises USD 115 Mn In Series E from NewView Capital and Others
The company plans to use this investment to expand its Gurgaon AI R&D hub, grow engineering and customer-facing teams in Bengaluru and Mumbai, and create hundreds of high-skill tech jobs in roles such as AI, data science, and cloud security. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Israel-based cybersecurity and observability company Coralogix has raised USD 115 million in a Series E funding round led by NewView Capital, with participation from Canada Pension Plan Investment Board and NextEquity. Existing backers including Advent International, Brighton Park Capital, and Red Dot Capital Partners also joined, bringing Coralogix's valuation to over USD 1 billion. A major portion of the newly secured funds will be deployed in India, one of Coralogix's top three global markets. The company plans to use this investment to expand its Gurgaon AI R&D hub, grow engineering and customer-facing teams in Bengaluru and Mumbai, and create hundreds of high-skill tech jobs in roles such as AI, data science, and cloud security. "India plays a strategic role in Coralogix's global roadmap," said Ariel Assaraf, CEO and Co-founder of Coralogix. "With this round, we aim to expand our Indian presence significantly, including building cutting-edge AI capabilities, deepening partnerships, and creating additional high-value tech jobs." Founded in 2015 by Ariel Assaraf and others, Coralogix offers a full-stack observability and security platform. Its services include log analytics, APM, SIEM, real user monitoring, and infrastructure monitoring, enabling real-time visibility into performance, security, and governance without indexing delays. The platform is known for its data-volume-based pricing and strong enterprise support. Coralogix already works with major Indian firms such as Postman, Razorpay, BookMyShow, Delhivery, and Meesho, helping them enhance incident response, ensure compliance, and harness AI observability. The company is also strengthening partnerships with cloud providers in India and enhancing its local AWS infrastructure in Mumbai for better data compliance and performance, particularly in regulated sectors like finance and healthcare. This announcement follows Coralogix's December 2024 acquisition of Aporia, a leader in AI guardrails and observability, and the launch of the Coralogix AI Center, which provides performance, security, and governance insights for enterprise AI systems. "This round validates our momentum and helps us push the boundaries of AI-driven observability," said CTO Yoni Farin. Navdeep, Co-founder of Snowbit and President, APAC at Coralogix, added, "We are excited to harness India's engineering excellence to help shape the future of AI-powered observability and security."
Yahoo
3 days ago
- Business
- Yahoo
In just 3 months, Ramp's valuation jumped to $16B from $13B
Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post money $16 billion valuation. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March from a $150 million secondary share sale. It's current valuation is also more than double the $7.65 billion Ramp hit a little over a year ago when it raised $150 million at a $7.65 billion post money. CEO Eric Glyman is remaining mum about revenue figures, although in March he said revenue had experienced 'incredible growth' over the previous figures it released. In the summer of 2023, he said Ramp had passed $300 million in annualized revenue. Other VCs, largely existing investors, who participated in the Series E round include Thrive Capital, D1 Capital Partners, General Catalyst, GIC, ICONIQ Growth, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Stripes, 137 Ventures, Avenir Growth, and Definition Capital.
Straits Times
3 days ago
- Business
- Straits Times
Sports software maker Teamworks valued at over $1 billion in latest funding round
Sports technology firm Teamworks said on Tuesday it was valued at over $1 billion after raising $235 million in a funding round led by Dragoneer Investment Group, as it looks to capitalize on the rise of analytics-driven strategies in sports. The trend toward data-driven decision-making in sports, popularized by Billy Beane of "Moneyball" fame, is fueling increased investment in analytics tools and partnerships, especially as U.S. universities take advantage of relaxed college athlete sponsorship rules. The latest round will help Teamworks advance its AI-powered offerings across professional, collegiate and Olympic sports programs. "As the sports landscape changes and as our customers' ambitions grow, this milestone provides significant resources to invest in innovation and world-class talent that will help them succeed," said Kyle Charters, chief financial officer of Teamworks. The Durham, North Carolina-based company provides a unified platform for communication, operations and performance analytics to over 6,500 sports teams worldwide, including all NFL and most NBA teams, according to the company. Teamworks has expanded its offerings in recent years through acquisitions, including its entry into the coaching space with the purchase of Telemetry Sports earlier this month. The latest fundraise, which was a combination of primary and secondary, comes two years after Teamworks raised $115 million in its Series E round. Startups are opting to remain private for extended periods, securing larger sums in late-stage funding rounds as the recovery of public markets continues at a sluggish pace. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Malaysian Reserve
13-06-2025
- Business
- Malaysian Reserve
First Capital REIT Announces Completion of C$300 Million Offering of Series E Senior Unsecured Debentures
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, June 13, 2025 /CNW/ – First Capital Real Estate Investment Trust ('First Capital' or the 'REIT') (TSX: announced today that it has closed its previously announced offering (the 'Offering') of C$300 million aggregate principal amount of Series E senior unsecured debentures (the 'Debentures') on a private placement basis. The Debentures were offered on an agency basis by a syndicate of agents co‐led by Desjardins Capital Markets, RBC Capital Markets and TD Securities. The Debentures were issued at a price of $100.00 per $100.00 principal amount of Debentures, bear interest at a rate of 4.832% per annum and will mature on June 13, 2033. The Debentures are rated 'BBB' with a 'Positive' rating outlook by Morningstar DBRS. The net proceeds of the Offering will be used to repay existing debt, including the repayment in full of the REIT's $300 million of Series S Debentures due July 31, 2025, and for general business purposes. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About First Capital REIT (TSX: First Capital owns, operates and develops grocery‐anchored, open‐air centres in neighbourhoods with the strongest demographics in Canada. Forward‐looking Statement Advisory This press release contains forward‐looking statements and information within the meaning of applicable securities laws, including statements about the use of proceeds from the Offering and the effect of bond forward hedges. These forward‐looking statements are not historical facts but, rather, reflect First Capital's current expectations and are subject to risks and uncertainties that could cause the outcome to differ materially from current expectations. Such risks and uncertainties include those discussed in First Capital's Management's Discussion and Analysis for the year ended December 31, 2024 and for the quarter ended March 31, 2025 and in its current Annual Information Form. Readers, therefore, should not place undue reliance on any such forward‐looking statements. First Capital undertakes no obligation, except as required by applicable securities laws, to publicly update or revise any such forward‐looking statement, whether as a result of new information, future events or otherwise. All forward‐looking statements in this press release are made as of the date hereof and are qualified by these cautionary statements.
