Topic: #funding
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Kling AI raises $2 billion at $18 billion valuation, targets 2027 IPO
Kuaishou's Kling AI unit is raising over $2 billion in its first external funding round, led by General Atlantic, at an $18 billion valuation. The funding facilitates a spin-off from Kuaishou and positions the video generation AI company for an early 2027 IPO.
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Ethereum Foundation faces core development funding crisis
Former Ethereum Foundation contributor Trenton Van Epps has warned that Ethereum's core development ecosystem requires approximately $30 million annually and faces a funding crisis without new sources within three to nine months, as the Foundation reduces spending and experiences leadership departures.
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DeepSeek closes $7.4B funding round with employee non-poaching clause
DeepSeek's $7.4 billion funding round values the Chinese AI startup between $52 billion and $59 billion, with founder Liang Wenfeng imposing a condition barring investors from recruiting its roughly 150-person team. The capital is earmarked primarily for employee equity and stock options.
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NEURA Robotics raises $1.4B Series C led by Tether for robot data collection
German robotics startup NEURA Robotics closed a Series C funding round targeting $1.4 billion, valuing the company at roughly $7 billion. Tether led the round alongside Nvidia, Amazon, Qualcomm, and Bosch, funding specialized data-collection facilities and plans to embed self-custodial wallets in robots.
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XCENA raises $135M at $570M valuation for memory-centric AI chips
AI infrastructure startup XCENA closed a $135 million Series B round led by Altinum and IMM Investment, bringing total funding to $185 million. The company's MX1 chip tackles memory bottlenecks in AI systems by processing data directly inside memory modules, potentially reducing infrastructure needs.