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AI Capital

Profound raises $180 million at $1.8 billion valuation

AI marketing startup Profound has raised $180 million in a Series D round at a $1.8 billion valuation, according to a company announcement planned for Tuesday. Sequoia Capital and Kleiner Perkins co-led the financing. The supplied summary does not specify how Profound will use the capital, its revenue, or the terms of the round beyond the amount, valuation and lead investors.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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AI Science
AI Science

Insilico says AI-discovered Rentosertib has entered Phase III trials

Insilico Medicine says Rentosertib, its generative AI-discovered drug candidate also known as ISM001-055, has entered Phase III clinical trials for idiopathic pulmonary fibrosis. The company described the clinical advance in an announcement carried by News-Medical.Net.

Infrastructure Science
Infrastructure Science

Quilty Space projects shortfall of about 150 launches through 2030

The world outside China faces a shortfall of about 150 rocket launches through 2030 against demand from satellite operators and civil space agencies, analytics firm Quilty Space estimates in a new report.

AI
AI

TBC launches Mischief video model through fal.ai

The Biological Computing Co. is launching Mischief, an image-to-video model based on Wan 2.2, through fal.ai on October 30. Access is free through November 2, with an announced price of $0.02 per second of generated video.