Basis, which builds AI agents to help accounting firms with tasks like tax returns, raised $100M led by Accel at a $1.15B valuation, for $138M in total funding
AI-for-accounting startup Basis has surged to unicorn status with a new funding round as advances in artificial intelligence rattle the financial services markets.
BitClout creator raises $200M for “Decentralized Social”, a blockchain project with social tools such as profiles, from a16z, Sequoia, Coinbase, and others
Quick Take — BitClout's creator has revealed his identity today. He is Nader Al-Naji, the founder of the stablecoin startup Basis that shut down in 2018.
Stablecoin project Basis, backed by Bain Capital, GV, and a16z, confirms it is closing due to regulatory issues and will return the $133M capital raised
Michael del Castillo / Forbes :
New Jersey-based Basis, which aims to develop a “stable coin” that stays valued at ~$1 by altering supply, raises $133M from a16z, GV, Bain Capital, and others
but on what basis? Salil Deshpande : Basis: a Price-stable Cryptocurrency with an Algorithmic Central Bank Evelyn Cheng / CNBC : A billionaire hedge-fund manager and the Fed chair runner-up are invest...
New Jersey-based Basis, which aims to develop a “stable coin” that stays valued at ~$1 by altering supply, raises $133M from a16z, GV, Bain Capital, and others
If you own any Bitcoin, you're probably in the habit of watching its price fluctuate wildly.
Source: Intel has eliminated its wearables division, which made the Basis smartwatch, and the company's New Technologies Group now focuses on AR
- Intel laid off about 80 percent of the team that made the Basis smartwatch in November, and has now eliminated the division entirely, a person familiar tells CNBC.
Sources: Intel planning large number of layoffs in New Devices Group, its wearables division
According to sources close to the company, Intel is about to step back from wearables in a big way. — In 2014, the company purchased Basis, a little-known producer of some truly excellent fitness wa...