| Mobile Web

Search results for Series B

Crypto

Japan stablecoin issuer JPYC raises total 6 billion yen in Series B extension round

Japanese stablecoin issuer JPYC has raised total investment of 6 billion yen ($38 million) in a Series B extension round. The company plans to use the funds to expand its finance and Web3 ecosystem and increase adoption of its yen-pegged stablecoin, JPYC. Logistics company AZ-COM Maruwa invested 1 billion yen in the round. AZ-COM Maruwa plans to pay fees and wages in JPYC to about 2,300 partners and sole proprietors.

AI & Enterprise

OpenAI buys Rain AI patents to speed in-house AI chip strategy

OpenAI is buying key patents from semiconductor startup Rain AI to press ahead with its in-house AI chip development strategy. The company failed to acquire Rain AI outright but secured intellectual property to bolster hardware capabilities. The deal amount and the number of patents were not disclosed. The purchase gives OpenAI a basis to use Rain AI’s neuromorphic semiconductor technology as it seeks to reduce reliance on Nvidia GPUs and lower AI service operating costs.

AI & Enterprise

Multiverse Computing raises $570 million to expand AI model compression technology

Spanish company Multiverse Computing said on July 27 it raised $570 million, about 500 million euros, in a Series C funding round. The company’s valuation rose fivefold compared with its Series B round in 2025. The investment was co-led by Forgepoint Capital International, BNPP SIVF and Bullhound Capital. Multiverse Computing’s core technology, CompactifAI, uses tensor networks from quantum physics to reduce large language model size by 80 to 95 percent while minimising accuracy loss.