Search results for Thrive Capital
Finance
B2B fintech Ramp raises $1.85 billion, valued at $60 billion
B2B fintech startup Ramp has raised $1.85 billion through a new share issuance and was valued at $60 billion, Reuters reported on Oct. 15 local time. The round was led by Dragoneer Investment Group, with Thrive Capital, Founders Fund, Sands Capital and Avenir Growth as co-leads. Ramp, based in New York, provides corporate cards and expense management software. It has more than 85,000 corporate customers.
AI & Enterprise
AI travel agency Fora raises $60 million, reaches unicorn status
AI-based travel agency Fora has raised $60 million in a Series D funding round and received a $1 billion valuation. TechCrunch reported on July 16 local time that Forerunner and Tactile Ventures led the investment, with Insight Partners and Thrive Capital also participating. Founded in 2021, Fora connects travel advisors and users and plans to expand its AI assistant, Via, while increasing hiring and broadening into areas such as cruises and airlines.
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.
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Industry
Anduril valuation doubles to $61 billion ahead of IPO after $5 billion funding
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AI & Enterprise
Physical Intelligence seeks additional $1 billion funding, aims to build ChatGPT for robots
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Crypto
Tempo launches mainnet, unveils machine payments protocol with Stripe
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AI & Enterprise
Anduril seeks new funding round at $60 billion valuation