Reka AI, which aims to make more efficient LLMs, raised $110M from Nvidia, Snowflake, and others at a $1B+ valuation, up from ~$300M in 2023, per PitchBook
Snowflake had previously been in talks to buy the three-year-old AI startup. — Artificial intelligence company Reka AI raised …
Chinese grocery delivery startup Missfresh tells employees it has run out of money; Missfresh was valued at $3B after raising ~$300M in its June 2021 IPO
Financial Times : Tweets: @johnaglionby , @robinwigg , @caseynewton , @ron_miller , and @muradahmed Tweets: John Aglionby / @johnaglionby : ‘Our operations are in big trouble’. Understatment of the y...
Sources: two weeks after the launch of CNN+, the premium streaming service has garnered under 10K DAUs, amid reports that CNN has spent ~$300M on the effort
- Fewer than 10,000 people are using CNN+ on a daily basis two weeks into its existence, sources said.
Sources: Carsome, a Southeast Asian used car online marketplace, raises ~$300M led by Temasek and Qatar's sovereign wealth fund
Carsome Group, which operates a Southeast Asian used-car online marketplace, has raised almost $300 million in a financing round led by funds linked …
Indian neobank Jupiter raises an $86M Series C at a $711M valuation, up from ~$300M in August, as it prepares to launch lending and wealth management services
Manish Singh / TechCrunch :
Analysis: Pakistan-based startups have raised ~$300M in 2021, more than the previous six years combined, with investors from the US, UAE, and Singapore
Global investors are pouring money into Pakistan's budding tech sector. Funding this year has outstripped the last six combined. Tweets: @xparacha , @faseehmangi , and @hassshad Tweets: Zubair Naeem ...
Byju's raises ~$300M at a ~$18B valuation led by Oxshott Venture Fund
Moneycontrol :
Chinese food delivery giant Meituan reports revenue of $5.8B in Q4, up 35% YoY, and a loss of ~$300M as it continues to invest heavily in community group buying
South China Morning Post :
Chinese food delivery giant Meituan reports revenue of $5.8B in Q4, up 35% YoY, and a loss of ~$300M as it continues to invest heavily in community group buying
Fierce competition in China's community group buying market took a toll as Meituan's profits plunged 250 per cent for the quarter Revenue …