News

South African startup HyperDev has raised US$1 million in pre-seed funding from a network of venture capital investors from Europe and the UK, as the generative AI software development platform approaches 100,000 users.

Billionaire Jeff Bezos’ space rocket company Blue Origin is raising $10 billion at a $130 billion pre-money valuation from Coatue Asset Management

Build a new kind of rocket engine and the world will beat a path to your door. Or at least that’s how it’s worked out for Venus Aerospace and its Rotating Detonation Rocket Engine (RDRE)

Vermilion Cliffs Ventures announced Wednesday the close of a $25 million Fund II. The firm was founded in 2023 by operator-turned-investor Ashley Smith, who runs it as one of the few solo women GPs in venture capital.

Prime Intellect, a startup that provides computing power and specialized software tools that help companies build AI agents, has raised a $130 million Series A at a $1 billion valuation.

The Milken-Motsepe Prize is aimed at companies in Africa revolutionising using different technologies to revolutionise the circular economy on the continent.

Chrysler parent Stellantis on Tuesday said it has opened ordering for its small Fiat Topolino electric vehicle in the U.S., starting at $13,995.

Iran promised safe passage to commercial ships through Hormuz under the interim deal reached with the U.S. last month, but Tehran has insisted that vessels must use a northern route under its control

The United States has revoked a sanctions waiver that authorized the sale of Iranian oil because of its repeated attacks on tankers in the Strait of Hormuz

AI law startup Norm on Tuesday said it has raised $120 million in a Series C funding round led by Khosla Ventures, valuing the almost three-year-old startup at $1.2 billion

Chemistry Ventures, the VC firm launched two years ago by Bessemer, Index Ventures, and Andreessen Horowitz alums, is raising $500 million for its second fund, according to an SEC filing.

Kenyan startups Fuzu and Kyosk are the latest to secure an undisclosed amount of funding from the Jobtech Alliance.