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South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from strategic investor KT, one of the largest telecom companies in South Korea. Last month, TechCrunch reported on Rebellions closing on $50 million in funding that valued the company at an estimated $283 million. At that […]
Raising capital for robotics startups with Bee Partners and Rapid Robotics 
Robotics firm GreyOrange this week announced it has raised $110 million. The funding comes four years after a $140 million Series C that brought the Atlanta-based company’s raise to $170 million. Rather than the standard fundraising round, however, GreyOrange has opted for growth financing, largely backed by Mithril Capital Management, with support from BlackRock. “Given […]
Sophisticated AI systems like OpenAI’s GPT-3 can write prose that’s impressively human-like, or at least good enough to fool the average person. They’ve been used to generate essays, poetry, stories, news reports and more to impressive effect. Perhaps it was only a matter of time, then, before entrepreneurs saw an opportunity to leverage such systems […]
The technology is not “new,” but what has industry followers so excited is the potential for better-quality, more-cost-effective proteins compared to animal-based counterparts.