DataBahn raises $40 million Series B led by Insight Partners
Image: Primary
Image: Primary 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.
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.
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.
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.
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.
Researchers report in a preprint that GARDEN, a system that uses a language model to design rewards for cooperating agents, improved performance when its reward programs transferred unchanged to related scenarios unseen during design.