Cloud servers can be thought of humanity’s first truly global infrastructure given they act as the bedrock for executing artificial intelligence (AI), or so went the argument in a November edition of The Economist.
Month: February 2021
Delving into DeepMind’s protein folding model
DeepMind Technologies’ achievement of applying machine learning to predict 3D protein structures has certainly got the scientific world excited, with some experts hailing a massive step forward for medical research.
Putting the silicon behind the hype
Feature: AI sector report
Steering AI’s potential
GCV’s AI Q1 2021 supplement editorial by James Mawson, editor in chief, Global Corporate Venturing
Masco puts finishing touch to $50m fund
Touchdown Ventures will manage Masco’s corporate venture capital fund in its latest win.
Rising Stars Q&A – Banafsheh Fathieh, Prosus Ventures
Rising Stars Q&A – Banafsheh “B” Fathieh, head of investments for the Americas, Prosus Ventures
Subsector: nanotechnology
Actor and producer Robert Downey Jr, best known of late for his role as Tony “Iron Man” Stark, in June 2019 at Amazon’s Re:MARS conference, said that “between robotics and nanotechnology, we could clean up the planet significantly, if not totally, in 10 years.”
KreditBee banks on $75m round
The round consisted of a primary and secondary transaction and the latter allowed Xiaomi to fully exit the company and Kunlun to reduce its shareholding.
Sagimet explores $80m round
Ascletis Pharma has returned for an $80m round that will fund the further clinical development of a potential treatment for non-alcoholic steatohepatitis symptoms.
Reach Capital grabs $165m
The edtech-focused firm has raised $165m from limited partners including Sesame Workshop, Kaiser Foundation Hospitals and National Geographic Society.
Eurazeo raises $97m for smart city fund
Stellantis, EDF, Mainova, RATP, Total, Duisport and Sansiri are among the investors committed to Eurazeo’s second smart city fund.
Nymbus banks $53m of new funding
Insight Partners returned to lead a $53m round fo the Vensure Enterprises and Home Credit Group-backed financial services technology developer.
Pivotal turns to $50m series C
Globalstar owner Thermo Companies and Fidelity have participated in the 5G infrastructure technology developer’s series C round.
Celo collects $20m
The Coinbase-backed blockchain payment platform provider has secured $20m from investors as it unveils a remittance and peer-to-peer payments mobile app.