Source: https://www.techmeme.com/river
2024-09-14 08:51:38 AM |
Miami-based AI bookkeeping startup finally has raised $50 million in a Series B round of funding and secured a $150 million credit line. The company, founded in 2018, has raised a total of $305 million in debt and equity. The startup was founded by Felix Rodriguez, who came up with the idea after experiencing challenges starting his own companies and seeing his family's businesses in the US.
Source: https://www.techmeme.com/river
2024-09-14 08:51:38 AM |
Atomico, a venture capital firm founded by Skype co-founder Niklas Zennström, has raised $1.24 billion to back startups. The funds, comprising $754 million for growth-stage startups and $485 million for early-stage startups, aim to support emerging and growth-stage companies in the European tech industry. The funding comes as the European tech industry has been experiencing a decline in valuations and mass layoffs.
Source: https://www.techmeme.com/river
Duplicated with: | 2024-09-14 08:51:38 AM |
Progress, an automation and IT monitoring company, is acquiring file management platform ShareFile for $875 million in cash and credit. The deal is expected to close by November 30. ShareFile, headquartered in Raleigh, was founded in [unspecified date]. Progress CEO Yogesh Gupta stated that the acquisition will enhance the company's portfolio with tools for efficient document sharing and collaboration.
Source: https://www.techmeme.com/river
2024-09-14 08:51:37 AM |
AMD's Jack Huynh announced the unification of its consumer-focused RDNA and data center-focused CDNA architectures into one microarchitecture, UDNA, at IFA 2024 in Berlin, Germany. The company aims to tackle Nvidia's CUDA ecosystem more effectively and has decided to deprioritize high-end gaming graphics cards to accelerate market share gains.
Source: https://www.techmeme.com/river
2024-09-14 08:51:37 AM |
