Tuesday’s tech startup news was filled with exciting updates and developments from various companies. From groundbreaking AI technology to new partnerships and funding rounds, here are some of the highlights from the day.
Cerebras Systems, a startup that specializes in developing AI chips, announced that it has raised $200 million in a Series D funding round. The company’s chips are designed to handle complex AI tasks that require massive amounts of data processing. With this new funding, Cerebras plans to expand its team and continue developing its technology.
FTX, a cryptocurrency exchange, announced that it has raised $900 million in a funding round led by Sequoia Capital, Paradigm, and Ribbit Capital. The company plans to use the funds to expand its offerings and improve its infrastructure. FTX has quickly become one of the most popular cryptocurrency exchanges, thanks to its user-friendly interface and low fees.
Lucid Motors, an electric vehicle startup, announced that it has completed its merger with Churchill Capital Corp IV. The merger will allow Lucid to go public and raise additional funds to support its growth. The company plans to release its first electric vehicle, the Lucid Air, later this year.
Lyft, the ride-hailing company, announced that it has partnered with Grubhub to offer food delivery services through its app. This move is part of Lyft’s efforts to diversify its offerings and compete with other ride-hailing companies like Uber. The partnership will allow Lyft users to order food from thousands of restaurants across the country.
OneWeb, a satellite internet startup, announced that it has launched 36 new satellites into orbit. The company plans to use these satellites to provide high-speed internet access to remote areas around the world. OneWeb has already launched over 200 satellites and plans to launch hundreds more in the coming years.
Venti Technologies, a self-driving car startup, announced that it has raised $8 million in a funding round led by LDV Partners. The company’s technology is designed to help self-driving cars navigate complex environments like parking lots and city streets. With this new funding, Venti plans to continue developing its technology and expand its team.
Overall, Tuesday’s tech startup news was filled with exciting updates and developments from a wide range of companies. These startups are pushing the boundaries of technology and innovation, and it will be interesting to see what they achieve in the coming years.
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