Search results for Lightspeed
AI & Enterprise
Sutskever\'s SSI signs long-term partnership with Nvidia, expands research with Vera Rubin
AI research lab SSI, founded by Ilya Sutskever, has signed a long-term partnership with Nvidia that provides access to the next-generation GPU platform Vera Rubin, TechCrunch reported. The agreement also includes an undisclosed investment, and Nvidia’s investment in SSI is reported to be in the billions of dollars. SSI said the deal will expand its computing resources and support its private research.
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.
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.
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AI & Enterprise
Physical Intelligence seeks additional $1 billion funding, aims to build ChatGPT for robots
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AI & Enterprise
Reflection seeks funding at $25 billion valuation to target sovereign AI with open-source models
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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