Venture capital
British AI firm Nscale raises $1.1 billion in Nvidia-backed funding round
A Nvidia RTX PRO 6000 Blackwell Server Edition on display during VivaTech 2025 tech conference in Paris, France. Chesnot | Getty Images British artificial intelligence infrastructure firm Nscale is raising heaps of cash as it looks to ramp up the deployment of AI data centers across Europe. Nscale, which is based in London, said Thursday […]
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Early Revolut backer invests in AI-focused finance software startup Light
Key Points Light, a Danish financial software startup, told CNBC it has raised $30 million in a Series A funding round led by Balderton Capital. Founded in 2022, Light’s software uses artificial intelligence to automate businesses’ accounting, bookkeeping and financial reporting. The startup recently opened an office in London and is planning to open one […]
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Crypto startup Zerohash raises $104 million from Morgan Stanley, SoFi, Apollo and others
Key Points Crypto infrastructure startup Zerohash has raised $104 million in funding with backing from financial firms including Morgan Stanley and SoFi, CNBC has learned. The round was led by Interactive Brokers, the global automated trading firm, and includes strategic investors who are also clients of Zerohash, founder and CEO Edward Woodford told CNBC. Zerohash […]
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Startups and founders could be hardest hit by $100,000 H-1B visas
U.S. President Donald Trump’s plans to place $100,000 fees on H-1B visa applications will disproportionately harm America’s startup space, founders and venture capitalists told CNBC on Tuesday. H-1B visas — which allow companies to temporarily hire foreign workers in skilled occupations such as IT, healthcare and engineering — were already difficult to secure for U.S. startups, […]
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Elon Musk’s xAI raising $10 billion at $200 billion valuation: sources
Elon Musk’s xAI is raising $10 billion from investors in a round that values the artificial intelligence startup at $200 billion, sources told CNBC’s David Faber. It’s the latest example of skyrocketing valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion at a $183 billion valuation. OpenAI, the largest company […]
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Notion rides AI boom to $500 million in annual revenue, but Microsoft competition looms
From left, Notion founders Akshay Kothari, Ivan Zhao and Simon Last. Notion OpenAI’s public launch of ChatGPT in November 2022 is widely viewed as the event that kicked off the generative AI boom, which remains the dominant theme in the tech industry almost three years later. Notion jumped on the bandwagon early. Two weeks before […]
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Lyft shares pop on Waymo deal to bring robotaxis to Nashville next year
Waymo has partnered with Uber to get its robotaxis into Atlanta and Austin, Texas. Now it’s teaming up with Lyft for the first time in a commercial deal to enter Nashville next year. Lyft stock climbed more than 10% on the news. Riders in Nashville will be able to hail a Waymo robotaxi through the […]
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Ten years after selling Periscope to Twitter, startup’s co-founder raises $40 million for Macroscope
Macroscope employees. Macroscope It’s been a decade since Kayvon Beykpour sold Periscope to Twitter for a reported $100 million, allowing the social media site to jump into livestreaming. Twitter shuttered Periscope in 2021, and the parent company, now called X and owned by Elon Musk, gravitated to a live events product called Spaces. Meanwhile, Beykpour, […]
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Tesla FSD turns off more U.S. consumers than its attracts, survey finds
Elon Musk reacts during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk’s fervent promotion of Tesla‘s self-driving technology isn’t doing much to win over prospective buyers. According to a new survey, more U.S. consumers say that […]
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Gusto agrees to buy retirement plan provider Guideline
Gusto CEO Josh Reeves and Guideline CEO Kevin Busque talk at Gusto’s San Francisco headquarters. Elliott Morin | Gusto Gusto, a startup with payroll and human resources software, said Wednesday that it has agreed to acquire Guideline, a startup specializing in corporate retirement plans. Terms of the deal weren’t disclosed. Founded in 2011 and based […]
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