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NeuroXess raises RMB 700 million for brain-computer interfaces

Shanghai-based NeuroXess raised RMB 700 million in Series B funding, TechNode reported. SDIC Juli, Shenzhen Capital Group and Qinzhi Capital co-led the round. The startup is developing brain-computer interface technology for movement support, speech decoding and control of external devices.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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AI Capital
AI Capital

Lumaril raises $66 million for industrial AI software

Lumaril raised a $66 million Series A at a $400 million valuation, The Wall Street Journal reported. The company develops AI software that connects to manufacturers' existing control systems to optimize industrial production on factory floors.

Security
Security

Binance plans phased withdrawal restart after hack

Binance says it plans to resume withdrawals in phases starting Sunday after covering 95% of the $6.3 billion in tokens stolen in a hack, Reuters reports. The stolen tokens included BTC and ETH. The planned restart would restore withdrawal access in stages.

Capital
Capital

Baseten raises $2 billion as Tenstorrent secures $1.5 billion Series E

Baseten has raised $2 billion in a funding round led by Sands Capital, KuCoin reported. The financing is being conducted in two tranches, raising its valuation to $26 billion and then $30 billion. Baseten provides services for running and fine-tuning AI models.

AI Infrastructure
AI Infrastructure

Five technology giants commit more than $3T to future spending

Alphabet, Meta, Microsoft, Amazon and Oracle have committed more than $3T to future spending on data centres, leases, equipment and energy, The Next Web reported, citing Bloomberg. Alphabet accounts for more than $1T and Meta for more than $800B.

Products AI
Products AI

Salesforce's Rune acquisition agreement reportedly worth $375 million

Salesforce's agreement to acquire military logistics software developer Rune Technologies is worth $375 million in cash and stock, Resilience Media reported. Rune builds AI software that helps the US military predict supply needs and manage logistics in the field.