Wednesday’s tech startup news was filled with exciting developments from some of the biggest names in the industry. From Axoni’s latest funding round to First Republic Bank’s acquisition of Gradifi, there was plenty of news to keep tech enthusiasts engaged.
Axoni, a New York-based blockchain startup, announced that it had raised $31 million in its latest funding round. The company, which provides blockchain solutions for financial institutions, has now raised a total of $90 million since its inception in 2016. The latest funding round was led by venture capital firm, Coatue, and included participation from several other investors.
First Republic Bank, a San Francisco-based bank, announced that it had acquired Gradifi, a Boston-based startup that provides student loan repayment benefits to employers. The acquisition will allow First Republic Bank to expand its offerings to include student loan repayment benefits, which are becoming increasingly popular among employers looking to attract and retain top talent.
General Motors (GM) announced that it had partnered with Microsoft to accelerate the development of self-driving cars. The partnership will see GM use Microsoft’s Azure cloud computing platform to develop and deploy its autonomous vehicle technology. The move is part of GM’s broader strategy to become a leader in the self-driving car market.
Microsoft also made headlines on Wednesday with the announcement that it had acquired Nuance Communications, a speech recognition and artificial intelligence (AI) company. The acquisition, which is valued at $19.7 billion, will allow Microsoft to integrate Nuance’s AI technology into its own products and services.
Finally, Relay, a San Francisco-based startup that provides communication tools for frontline workers, announced that it had raised $43 million in its latest funding round. The funding will be used to expand Relay’s offerings and accelerate its growth in the rapidly growing market for frontline communication tools.
Overall, Wednesday’s tech startup news was filled with exciting developments from some of the biggest names in the industry. From blockchain solutions to self-driving cars and AI technology, it’s clear that the tech industry is continuing to innovate and push the boundaries of what’s possible.
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