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Search results for Series E

Crypto

XRP death cross appears, raising risk of slide to $1

XRP has formed a death cross on an hourly chart, a short-term bearish signal, after four straight sessions of declines that pushed it as low as $1.11. The market is watching $1.29 as near-term resistance and around $1 as key support, with XRP trading between $1.05 and $1.29. Separately, the Ripple ecosystem reported security work on XRPL lending features, a xrpld 3.2.0 maintenance update and Ripple’s participation in Flutterwave’s Series E round.

Industry

Samsung Electronics becomes top shareholder in U.S. Element Biosciences to bolster precision medicine technology

Samsung Electronics said on Tuesday it made a strategic investment in U.S. gene analysis equipment company Element Biosciences and became its top shareholder. Samsung invested an additional $175 million by participating in Element’s Series E round, after taking part in its Series D investment in July 2024. Samsung said the investment would help it secure key technologies in the fast-growing global precision medicine market and strengthen future growth engines.

AI & Enterprise

Nvidia-backed U.S. AI firm Runway to set up European headquarters in London

U.S. AI company Runway will make London its European headquarters and invest more than $200 million in the UK artificial intelligence ecosystem by the end of 2028. CNBC reported that the company plans to expand its European business and research organisation from London. Runway recently raised $315 million in a Series E round that included General Atlantic, AMD Ventures and Nvidia, valuing it at $5.3 billion.