xAI Secures $6 Billion in Series C Funding with Major Investors
xAI completes its Series C funding round, raising $6 billion with contributions from notable investors like A16Z, Blackrock, and strategic partners NVIDIA and AMD.
Celestia Foundation Secures $100M to Advance Modular Blockchain Technology
Celestia Foundation raises $100 million led by Bain Capital Crypto, aiming to scale modular blockchain technology. The funding will boost its rollup ecosystem and data throughput.
Filament Raises $1.1 Million in Seed Funding to Enhance Derivatives DEX on Sei Network
Filament, Sei Network's native derivatives DEX, secures $1.1 million in seed funding led by Lingfeng Innovation Fund to enhance its trading platform.
Filecoin (FIL) Launches FIL-RetroPGF-2 to Enhance Public Goods Funding
Filecoin (FIL) introduces FIL-RetroPGF-2 with increased funding, streamlined processes, and enhanced UX to support public goods projects.
The Sandbox (SAND) Secures $20 Million in Funding at $1 Billion Valuation to Boost Metaverse Creator Economy
The Sandbox (SAND) raises $20 million to expand its creator economy in the open metaverse.
CoreWeave Secures $1.1 Billion to Propel AI-Driven Cloud Computing
CoreWeave secures $1.1 billion in Series C funding to enhance AI-focused cloud infrastructure.
Quantinuum Secures $300 Million in Landmark Quantum Computing Funding Round
Quantinuum secures a significant $300M equity fundraise at a $5B valuation, led by JPMorgan Chase, Mitsui, Amgen, and Honeywell, marking a major stride in the quantum computing sector and boosting development of fault-tolerant quantum computers.
CharacterX Raises $2.8M for AI-DrivenAI Social Networking, Led by Lightspeed
CharacterX, a Stanford-initiated decentralized AI social network, secures $2.8M funding, blending AGI and blockchain to innovate social interactions, with significant user growth and technological advancements.
Uniswap Foundation Seeks $62.37M in Second Funding Tranche
The Uniswap Foundation has requested a second tranche of $62.37M in funding to continue its ecosystem development efforts. While the proposal outlines a comprehensive financial plan and future initiatives, some community members have raised concerns about the size of the funding request.
Web3 Startup Funding Drops 82 percents YoY
VC funding for Web3 start-ups decreased by 82% YoY in Q1 2023, dropping to $1.7 billion. The number of big funding rounds hitting nine figures almost completely dried up over the past year. The decline in Web3 funding is attributed to investors opting for a risk-off approach and seeking opportunities in industries they know best.