Search results for Alta
Crypto
Alta raises $47.5 million in Series A to develop blockchain for financial institutions
Alta, a startup developing blockchain infrastructure for banks and payments companies, has raised $47.5 million in a Series A round, The Block reported on Monday. The round was led by Index Ventures, bringing Alta’s total funding to $80 million including a $32.5 million seed round. Alta is building a blockchain with privacy and compliance controls built in. Payments firm Airwallex joined as an early partner.
AI & Enterprise
Meta launches Style Sketch AI fashion app
Meta has launched Style Sketch, an AI fashion app that analyses users’ wardrobes and recommends outfits, without a separate announcement. The app builds a virtual closet using photos posted on Instagram and can also add items from new photos, short videos or uploaded images. It suggests combinations based on user preferences and can generate new looks around selected items. It also offers virtual fitting and travel outfit planning features.
Industry
Helion raises $465 million, accelerates goal to supply fusion power to Microsoft by 2028
U.S. fusion startup Helion Energy raised $465 million in new funding, valuing the company at $15.5 billion. Helion said it will use the money to accelerate construction of its first commercial power plant, the Orion project planned in Washington state, and aims to supply fusion electricity to the grid as early as 2028. The company has a power supply contract with Microsoft for its data centres and says it plans to deliver by 2028.
