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Modal Raises $355M at $4.65B Valuation Led by General Catalyst

Opening Modal, a New York-based cloud infrastructure startup, has raised US$355 million in a Series C funding round led by General Catalyst and Redpoint at a US$4.65 billion post-money valuation, according to CEO Erik Bernhardsson. The company helps developers run AI and other compute-heavy
OliverGrant·05-22 01:52
Modal Raises $355M at $4.65B Valuation Led by General Catalyst

Philippine fintech groups partner on digital economy

RCBC, a Philippine bank, announced that FinTech Alliance.PH and the Australia Philippines Business Council (APBC) have signed an agreement to cooperate on fintech and the digital economy. The partnership covers digital banking, AI, cybersecurity, blockchain, financial inclusion, and digital
CryptoFrontier·05-22 01:11
Philippine fintech groups partner on digital economy

KKR Invests $80M in Fresha at $1B Valuation

KKR Backs Beauty Platform Fresha at $1 Billion Valuation Fresha, a London-based marketplace for beauty and wellness bookings, announced on May 22 that KKR invested US$80 million, valuing the company at more than US$1 billion. KKR made the investment through its growth equity arm, which focuses on
OliverGrant·05-22 00:53
KKR Invests $80M in Fresha at $1B Valuation

Spotify and Universal Launch Licensed AI Remix Tool

Spotify and Universal Music Group announced licensing agreements on Thursday that will allow Spotify Premium users to create AI-generated covers and remixes using music from participating artists and songwriters. The tool operates as a paid add-on, with participating artists and songwriters
OliverGrant·05-21 22:02
Spotify and Universal Launch Licensed AI Remix Tool

Spotify and Universal Launch Paid AI Remix Tool on Thursday

Spotify and Universal Music Group announced licensing agreements on Thursday, allowing Spotify Premium users to create AI-generated covers and remixes of music from participating artists and songwriters. The feature will launch as a paid add-on. Participating artists include Taylor Swift, Billie
GateNews·05-21 22:02
Spotify and Universal Launch Paid AI Remix Tool on Thursday

Lenskart Targets 100M Eye Tests With AI-Driven FY27 Plan

Gurugram-based eyewear retailer Lenskart outlined an AI-central strategy for FY27 in a shareholder letter, positioning artificial intelligence as the core driver for scaling customer acquisition and eye testing across its business. The company plans to deploy AI across stores, factories, and custome
OliverGrant·05-21 01:51
Lenskart Targets 100M Eye Tests With AI-Driven FY27 Plan

iProov Launches Deepfake Detection System For Enterprise Calls

Opening iProov has launched Verified Meetings, a biometric identity verification system designed to authenticate participants during enterprise video calls as organizations face rapidly growing risks from AI-generated deepfakes and synthetic identities. The system integrates directly into video
OliverGrant·05-20 14:23
iProov Launches Deepfake Detection System For Enterprise Calls

Lagos Targets 250MW Data Centre Capacity by 2030

Lagos State government plans to increase the city's data centre capacity to more than 250 megawatts (MW) by 2030, according to Olatubosun Alake, commissioner for innovation, science, and technology. The expansion was announced at the launch of the Kasi Cloud LOS1 data centre facility in Lekki,
OliverGrant·05-20 11:12
Lagos Targets 250MW Data Centre Capacity by 2030