Databricks, a San Francisco, CA-based Data and AI company, is to acquire Neon, a serverless Postgres company. The amount of the deal – subject to customary closing conditions, including any required regulatory clearances – was not disclosed. Commenting on the transaction, Ali Ghodsi, Co-Founder and CEO at Databricks said: “By bringing Neon into Databricks, we’re… Continue reading Databricks to Acquire Neon
Author: FINSMES Online News
Optimal Dynamics Raises $40M in Series C Funding
Optimal Dynamics, a NYC-based provider of an artificial decision intelligence for trucking companies, raised $40M in Series C funding. The round was led by Koch Disruptive Technologies. The company intends to use the funds to accelerate the expansion of its platform capabilities, and scale product, support, and sales teams to meet surging demand for decision… Continue reading Optimal Dynamics Raises $40M in Series C Funding
Ex-Cardano CMO Maverick Adam Bates Jumps Ship to XION as Chief Marketing Officer
New York City, United States, May 12th, 2025, Chainwire Crypto’s heavy hitter who catapulted Cardano to a top 10 project will ignite XION’s quest to make Web3 invisible and mainstream XION, the trailblazing blockchain rewriting the rules to make Web3 mainstream, just revealed Adam Bates as its Chief Marketing Officer. Renowned for his game-changing run… Continue reading Ex-Cardano CMO Maverick Adam Bates Jumps Ship to XION as Chief Marketing Officer
Classiq Raises $110M in Series C Funding
Classiq, a Tel Aviv, Israel-based company providing a quantum development platform, raised $110M in Series C funding. The round was led by Entrée Capital, with participation from Norwest, NightDragon, funds managed by Hamilton Lane (Nasdaq: HLNE), Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next and QBeat, as well as other new and… Continue reading Classiq Raises $110M in Series C Funding
Recraft Raises $30M in Series B Funding
Recraft, a London, UK-based developer of an AI-powered design platform providing image generation with brand consistency, raised $30M in Series B funding The round led by Accel with participation from Madrona Ventures, and existing investors Khosla Ventures, Nat Friedman, Elad Gil and RTP Global. The company intends to use the funds to iterate on its model, and… Continue reading Recraft Raises $30M in Series B Funding
Nous Research Raises $65M in Funding
Nous Research, a NYC-based company developing human-centric simulators and models, raised $65M in funding. The round consisted of a $50M led by Paradigm, plus $15M from Together AI, Distributed Global, North Island Ventures, Delphi Digital, and Solana co-founder Raj Gokal in a prior unannounced round. The company intends to use the funds to expand its… Continue reading Nous Research Raises $65M in Funding
MagicBlock Raises $7.5M in Seed Funding
MagicBlock, a Singapore, CA-based real-time engine provider for decentralised games and applications on Solana, raised $7.5M in Seed funding. The round was led by Lightspeed Faction, with participation from Maven11, Delphi Digital, Robot Ventures, Mechanism Capital, Equilibrium, Pivot Global, and angels including Anatoly Yakovenko, Mert Mumtaz, and Tristan Yver. The company intends to use the funds to expand its… Continue reading MagicBlock Raises $7.5M in Seed Funding
Lyft Acquires Freenow
Lyft, Inc. (Nasdaq: LYFT), a San Francisco, CA-based ride hailing marketplace, acquired Freenow, a Hamburg, Germany-based multi-mobility app with a taxi offering at its core, from BMW Group and Mercedes-Benz Mobility for approximately €175M. The acquisition is aligned with Lyft’s capital allocation strategy of investing in new growth opportunities. The transaction is expected to close… Continue reading Lyft Acquires Freenow
Sedna Communications Receives $10M in Growth Financing
Sedna Communications, a London, UK-based AI-driven platform for maritime and supply chain businesses, received $10M in Growth financing from CIBC Innovation Basking. The company intends to use the funds to drive AI innovation, expand platform integrations, and support sustainable growth to better serve its customers. Founded in 2017, Sedna helps maritime and supply chain businesses… Continue reading Sedna Communications Receives $10M in Growth Financing
Ayan Capital Receives £25M in Shariah-Compliant Financing
Ayen Capital, a London, UK-based a provider of halal vehicle financing, received up to £25M in Shariah-compliant financing from Partners for Growth. The company intends to use the funds to expand product development in the UK and consolidate its market position. Founded by Abdullo Kurbanov, Firdavs Mirzoev, and Zuhursho Rahmatulloev, Ayan Capital provides halal business… Continue reading Ayan Capital Receives £25M in Shariah-Compliant Financing