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Infrastructure Policy

California accepts $1.42 billion for broadband while challenging net neutrality demand

California is accepting $1.42 billion in federal broadband grant funding while challenging the Trump administration's demand that it stop enforcing state net neutrality rules, Ars Technica reported. The state is accepting the broadband funding but contesting the administration's requested change to enforcement.
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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

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.

Infrastructure
Infrastructure

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.

Infrastructure
Infrastructure

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.

Products
Products

Eagle Point Software buys Global eTraining

Eagle Point Software has acquired Global eTraining, an Alberta-based provider of digital training for architecture, engineering, construction and manufacturing professionals.

Robotics Capital
Robotics Capital

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.

Policy Infrastructure
Policy Infrastructure

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.