Flutterwave announced the close of its Series E financing, which values the African payments infrastructure leader at $3.2 billion. The round brings a strategic equity investment from Ripple, the blockchain-based fintech that supplies enterprise-grade digital asset solutions. While the exact size of Ripple’s stake was not disclosed, Flutterwave confirmed that it has now raised more than $500 million across all funding rounds. The capital will accelerate a multi-year roadmap that […]

UpKeep, the AI-native CMMS and asset-operations platform that powers more than 400,000 frontline workers across 60 countries, announced today a strategic growth investment from Accel-KKR. The fresh capital arrives as the company marks a decade since founder Ryan Chan first launched the product from his mother’s garage, and it will fund the next phase of platform expansion, AI integration and go-to-market acceleration. “Partnering with Accel-KKR is a natural next step […]

Turion Space announced that it has closed a Series B financing of more than $75 million, led by Washington Harbour Partners. The round includes pro rata participation from existing backers Aurelia Foundry, Forward Deployed VC, and FoundersX, and fresh capital from Center15 Capital, Magnetar, HOF Capital, and Industrious Ventures. The new capital is earmarked for a fivefold increase in satellite production, expansion of its Starfire™ operating system, and deeper engagement […]

Alpaca, a San Mateo-based provider of brokerage infrastructure APIs, has raised a $150 million Series D round, valuing the company at $1.15 billion. The financing also includes a $40 million line of credit, strengthening Alpaca’s balance sheet as it expands its global regulatory and trading infrastructure. As part of the round, Drive Capital co-founder and partner Chris Olsen will join Alpaca’s board of directors. The new capital will support Alpaca’s […]

Deepgram, the real time API platform that powers the emerging voice AI economy, announced a $130 million Series C round at a $1.3 billion post money valuation. The round was led by AVP, an independent global investment platform, and was backed by a mix of existing backers, including Alkeon, In-Q-Tel, Madrona, Tiger, Wing, Y Combinator, and BlackRock managed funds, and new strategic investors, including: Alumni Ventures, Princeville Capital, the University […]

Boom Supersonic announced a $300 million Series B round led by Darsana Capital Partners, with participation from Altimeter Capital, ARK Invest, Bessemer Venture Partners, Robinhood Ventures and Y Combinator. The financing backs the company’s new Superpower natural-gas turbine business and provides a revenue stream to fund the development of its Overture supersonic airliner. Crusoe, an AI-focused data-center operator, became the launch customer, placing an order for 29 Superpower units that […]