OpenAI seeks UAE investors to anchor $30 billion financing
OpenAI is in talks with multiple investment funds from the United Arab Emirates to help anchor a $30 billion financing round, Bloomberg reported, citing people familiar with the matter. The funds include Abu Dhabi-based MGX; the f...
Schneider Electric set to acquire PTC for $22.6 billion
Schneider Electric is set to acquire industrial software company PTC for $22.6 billion, TechStory reports. The transaction would be the French engineering company's largest acquisition and expand its software portfolio for manufac...
Reclinker raises £10m to expand recycled cement production
Reclinker has raised £10m in Series A funding to move from trials to full commercial cement production in Cardiff. Clean Growth Fund and AP Ventures co-led the round, which will also support expansion to electric arc furnace sites...
Valon raises $150M Series D at $2.3B valuation
Valon raised a $150M Series D from Ribbit, a16z and other investors at a $2.3B valuation, Forbes reported. The company makes software to help U.S. mortgage companies reduce administrative work and costs in a market whose payment s...
Reflection introduces Beam and plans open-weight release this month
Reflection introduced Beam, a model for coding, reasoning and tasks that use tools, and said it will release the model's weights and developer artifacts later this month. The model is undergoing final safety testing and evaluation...
Namespace raises $42M Series B led by Scale Venture Partners
Namespace raised a $42 million Series B led by Scale Venture Partners, CEO Hugo Santos told Axios Pro. The company provides cloud services and infrastructure for developers as a specialized cloud provider. Namespace says it has 1,...
