Wednesday, January 12, 2022

FPL Technologies raises $75 million at $750 million valuation

The company now plans to use the proceeds from the fresh raise to double its team strength, hire across marketing and engineering functions, scale its existing line of products as well as look at geographic expansion.

from Tech-Economic Times https://ift.tt/31S3P4o

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...