Tuesday, March 29, 2022

PE major Vitruvian Partners invests $50 million in Pine Labs

Last month, it had closed a $150 million financing from Alpha Wave Global (previously Falcon Edge) which also included a secondary share sale. The company led by fintech veteran Amrish Rau was valued at over $5 billion post this funding.

from Tech-Economic Times https://ift.tt/6HJVLOW

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...