Author Archives: Financial Bureau

Cohere, an artificial intelligence startup that develops foundation models to compete with ChatGPT creator OpenAI, is in advanced talks to raise $500 million at a valuation of about $5 billion, according to a person familiar with the matter. The Toronto-based company has seen its annualized revenue run rate grow to $22 million this month fromContinue reading “AI startup Cohere seeks $5 billion valuation in latest fundraising”

Generative A.I. technologies can write poetry and computer programs or create images of teddy bears and videos of cartoon characters that look like something from a Hollywood movie. Now, new A.I. technology is generating blueprints for microscopic biological mechanisms that can edit your DNA, pointing to a future when scientists can battle illness and diseases with even greater precision and speedContinue reading “Generative A.I. Arrives in the DNA Sequencing Field”

Legal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence. The company told outlets that it raised the fresh capital in a Series B funding round led by U.S. venture fund March Capital. National Grid Partners, theContinue reading “Legal tech firm Luminance has raised $40 million in a venture round, capitalizing on AI hype in US”

A startup aiming to simplify the process for booking imaging appointments has raised $12 million, leaders announced Monday.  Several venture capital firms pitched in on the series A financing round, which is supporting Scan.com’s expansion in the U.S. Already established in the United Kingdom and around since 2017, the company offers services such as simplifiedContinue reading “Startup aiming to simplify the process for booking imaging appointments raises $12M”

In the ever-evolving landscape of tech startups, the Argo app stands out with its recent milestone achievement of crossing the 650,000-user waitlist mark for its highly anticipated social networking app. This feat, while remarkable, comes amidst whispers of development challenges that could potentially impact the company’s ability to secure its Series A funding. Argo, knownContinue reading “Argo app gains momentum, with 650k waitlist, faces development challenges amid $1.8 million Series A round”

SiMa.ai, a Silicon Valley–based startup producing embedded machine learning (ML) system-on-chip (SoC) platforms, today announced that it has raised a $70 million extension funding round as it plans to bring its second-generation chipset, specifically built for multimodal generative AI processing, to market. According to Gartner, the market for AI-supporting chips globally is forecast to more thanContinue reading “Chip Startup Raises $70 Million to Quicken AI on Cars and Robots”

Medical image-sharing startup PocketHealth has raised $33 million in new capital, leaders announced Wednesday.  Toronto-based investment firm Round13 Capital led the series B financing round with additional contributions from the investment arms of Samsung and Deloitte, along with previous contributors Questa Capital and Radical Ventures.  PocketHealth said it will use the money to grow itsContinue reading “Medical image-sharing startup PocketHealth raises $33M in series B financing”

Zebra Technologies Corporation (NASDAQ: ZBRA), a leading digital solution provider enabling businesses to intelligently connect data, assets, and people today announced its collaboration with Google Cloud, Android, and Qualcomm Technologies, Inc. to help enterprises deliver transformative customer experiences along with improved employee productivity and insights powered by generative AI. These new, innovative capabilities will be previewedContinue reading “Zebra AI grows 25% in Q1, unveils new tech”

Global venture capital funding reached $21.5 billion in February 2024 — flat month over month and slightly up from February 2023, Crunchbase data shows. Globally, more than $2 billion was invested in seed-stage companies last month. Close to $10 billion was invested in early-stage companies. And venture investors spent $9.3 billion at late-stage, including technology growth companies.Continue reading “Global VC Funding Settles Around $20B In February But AI Share Increases”

2024: Year of the IPOs? 2023 saw very few major tech IPOs apart from a few notable examples such as Instacart and Klaviyo. Yet Florida Funders partner Saxon Baum notes that a robust IPO market in 2024 will provide the much-needed liquidity to fully defrost the startup ecosystem. “It’s a pure trickle-down effect,” he explained.Continue reading “2024: The Year of Tech IPOS”

2023 wasn’t exactly a banner year for startups – in Miami or elsewhere. While US startups raised $370B in 2021 and $248B in 2022, they only raised about $149B in 2023, according to Dealroom data. Refresh Miami’s ecosystem data paints a similar picture, with startups receiving about the same amount of funding in 2023 as in 2020, but aContinue reading “Miami Venture Capitalists shares views on startup scene”

Big rounds marked January, with three companies raising over $100 million. Quantum computing topped the list, with the company that resulted from the merger of Cambridge Quantum Computing and Honeywell’s quantum division raking in the third-largest round for a quantum computing company ever. Another chart-topper was an advanced packaging company that began mass production inContinue reading “Tech Startups January 2024 Report”