Crunchbase News (2 hours ago)
This week brought another plethora of large funding rounds for startups and growth-stage companies. Shield AI, a defense tech player focused on autonomy and virtual simulations, secured the largest financing, bringing in $2 billion.
Read the full story on Crunchbase News.
Several months after first expressing interest in acquiring Roku, Fox has completed its $22 billion deal to buy the company.
Roku is officially a part of Fox.
Brightspeed, a US fibre broadband provider owned by Apollo, is in talks with creditors to raise $2B to $3B of new money, Bloomberg reports. It has about $10B of debt, has warned about its survival, and may file for bankruptcy as soon as December.
The Pentagon has conditionally approved a $250 million loan to help 6K scale up its microwave-plasma battery material manufacturing process.
A few months after DOJ investigators were probing the deal, Fox just completed its $22B acquisition of the streaming giant Roku.
AI chip startups can challenge the sector’s Goliath’s by building substantially better hardware for emerging inference demands, much as Juniper challenged Cisco with a new architecture suited to the internet’s rapid growth.
October was a busy month for U.S. startup funding, led by well-known venture investors with a healthy appetite for big deals. We take a look at active investor rankings across three categories: lead deal count, largest lead investments and total venture rounds.
Siggy has raised $6 million in pre-seed funding to build a mental health service that uses AI to collect patients’ histories and track progress between appointments with licensed clinicians, the startup told Crunchbase News exclusively.
Dropbox has announced plans to acquire Tigris Data for $350 million in a transaction the company told Crunchbase News would mark its largest acquisition since its founding in 2007.
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