Search results for Lightspeed
Crypto
OpenFX raises $94 million for stablecoin-based FX expansion
OpenFX, a startup offering stablecoin-based foreign exchange market-making and remittances, has raised $94 million in funding. Reuters reported the round was led by Accel, Atomico, Lightspeed Faction, M13, Northzone and Pantera, valuing OpenFX at about $500 million. Founded in 2024, the company links legacy banking systems with digital infrastructure using stablecoins to support real-time FX, and plans to expand into Southeast Asia and Latin America.
AI & Enterprise
Physical Intelligence seeks additional $1 billion funding, aims to build ChatGPT for robots
San Francisco robotics startup Physical Intelligence, founded 2 years ago, is seeking to raise about $1 billion in new funding, TechCrunch reported, citing Bloomberg News. If completed, the deal would value the company at more than $11 billion, up from $5.6 billion 4 months ago. Founders Fund is expected to take part, with Lightspeed Venture Partners in talks. Thrive Capital and Lux Capital are considering reinvesting.
AI & Enterprise
Reflection seeks funding at $25 billion valuation to target sovereign AI with open-source models
Nvidia-backed AI startup Reflection is seeking to raise $2.5 billion at a $25 billion valuation, foreign media reported. The company focuses on developing open-source AI models that companies, research institutes and universities can use and modify. Nvidia invested about $800 million in Reflection at an $8 billion valuation. JPMorgan Chase is considering joining the round. Reflection also signed a deal with South Korea\'s Shinsegae Group for a Korean-language model.
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AI & Enterprise
AI-era security starts with OS patches as neglected vulnerabilities keep rising
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AI & Enterprise
OpenAI in talks with Helion on mega power purchase deal as AI electricity demand surges
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AI & Enterprise
Nexthop AI raises $500 million in Series B, unveils new switches
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AI & Enterprise
ZyG raises $58 million to grow small brands with AI agents
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AI & Enterprise
India AI chatbot race intensifies as Sarvam launches Indus app
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AI & Enterprise
AI SRE startup ResolveAI raises $125 million, reaches unicorn status
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AI & Enterprise
Voice AI firm ElevenLabs raises $500 million, valuation tops $11 billion
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AI & Enterprise
Mito develops AI tools for video professionals, raises $4.5 million
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AI & Enterprise
Ricursive raises $300 million in Series A, says AI cuts chip design time
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AI & Enterprise
Inference startup Inferact raises $150 million seed to accelerate vLLM commercialisation
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Crypto
Meld raises $7 million to build Visa-like crypto network
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AI & Enterprise
ClickHouse valuation tops $15 billion after $400 million funding
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Crypto
Visa-linked stablecoin platform Rain raises $250 million in Series C funding
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AI & Enterprise
Cyera raises $400 million at $9 billion valuation in Series F round