Fal raises $1.3 billion at $16 billion valuation
Fal raised $1.3 billion in a funding round led by Bessemer Venture Partners that values the AI inference startup at $16 billion, TechCrunch reported, citing Bloomberg. Nvidia, Sound Ventures and T. Rowe Price participated. The valuation doubles the $8 billion assigned in April.
I Squared Capital closes $3 billion infrastructure credit fund
I Squared Capital closed its second infrastructure credit fund after raising $3 billion, Bloomberg reported. The fundraising comes amid investor demand to finance the global buildout of power, data centers and other major infrastructure projects.
Energy Transfer commits to $1.6 billion Louisiana-Mississippi gas pipeline
Energy Transfer LP has formally committed to building a $1.6 billion natural-gas pipeline, Bloomberg reports. The pipeline will move fuel from eastern Louisiana across Mississippi as data centers and export terminals increase demand for natural gas.
Journify raises $12 million to expand advertising data platform
Journify announced a $12 million Series A led by Al Mada Ventures and co-led by returning investor Silicon Badia. The company says the funding will support expansion into the US and Europe and develop the AI behind its advertising data platform.
Syncere raises $11m to deliver robot lamps and expand manufacturing
Syncere has raised $11m in pre-seed funding led by a16z Speedrun to deliver its first Lume robot lamps, expand manufacturing capacity and adapt its robotics technology for commercial applications. Draper Associates, Physical World, Sequel and SeaX Ventures also invested.
US export approval hold complicates Solidigm's New York chip plant plans
U.S. officials have held up approvals for American chipmaking equipment needed to expand SK Hynix's production in Dalian, China, complicating its subsidiary Solidigm's plans for two NAND memory plants in New York, Yahoo Finance reported, citing Reuters.
