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DriveNets secures $410 million in latest funding round, AMD joins as investor
DriveNets secures $410 million in latest funding round, AMD joins as investor June 1 : DriveNets, an Israeli networking software firm, said it has raised $410 million in its latest funding round led by Bessemer Venture Partners and Atreides Management, taking its total capital-raise so far to $1 billion. New investors AMD and Red Dot Capital joined the round, while existing investors Pitango and D1 Capital Partners also participated. The company would use the proceeds to meet the surging...
IT platform NinjaOne valued at over $12 billion in latest funding round
IT platform NinjaOne valued at over $12 billion in latest funding round June 9 : IT platform NinjaOne said on Tuesday it has raised more than $400 million in a funding round that valued it at $12.3 billion, at a time when investors are concerned about AI upending parts of the software industry. While the sector contends with mounting fears that rapidly evolving AI tools could encroach on the core businesses of traditional software companies, NinjaOne's growth stands out as a sign of steady...
Republicans threaten to sink Trump agenda over $1.8B slush fund in latest GOP revolt
Republicans threaten to sink Trump agenda over $1.8B slush fund in latest GOP revolt This fund was established to compensate Donald Trump’s political allies, a prospect that has ignited a fierce backlash within the GOP - Bookmark - CommentsGo to comments Senate Republicans are set to convene on Tuesday to strategize their next moves following the Justice Department’s announcement that it will comply with a court order temporarily halting a $1.776 billion settlement fund. This fund was...
Mach Industries Valued at $1.8 Billion in Latest Funding Deal
The Mach Industries logo is arranged on a smartphone screen in Canada on Aug. 4, 2025. Photographer: Thomas Fuller/SOPA Images/LightRocket/Getty Images
The Latest: House poised to fund immigration enforcement for the rest of Trump's term
The Latest: House poised to fund immigration enforcement for the rest of Trump's term House Republicans hope to approve nearly $70 billion for immigration enforcement on Tuesday, which would fund Homeland Security throughout President Donald Trump’s time in office - Bookmark House Republicans hope to approve nearly $70 billion for immigration enforcement on Tuesday, which would fund Homeland Security throughout President Donald Trump’s time in office. Democrats call it a blank check that...
The DOGE Boys Get VC Funding to Support Their Latest Enterprise
Former members of the so-called Department of Government Efficiency (DOGE) have launched a startup to, they say, bring “DOGE for the private sector.” Their holding company, called Special, has backing from billionaire Marc Andreessen’s venture capital firm a16z and several other former DOGE members. In a post on a16z’s Substack, Nate Cavanaugh and Justin Fox, who led DOGE’s efforts at several government agencies, write that their startup will build “an operating system to transform critical...
Here’s what wild single-stock price swings may signal for your index fund
Also in Weekend Reads: The latest on SpaceX and other IPOs, a raw deal for Alphabet’s non-Berkshire shareholders and advice from the Moneyist.
Vanguard index product becomes first ETF to top $1 trillion in assets
Vanguard index product becomes first ETF to top $1 trillion in assets ORLANDO, Florida, June 3 : The Vanguard S&P 500 ETF, the index investing pioneer's flagship exchange-traded product, became the first in the history of ETFs to reach and exceed $1 trillion in assets, the investment firm confirmed on Wednesday. The Vanguard fund hit this milestone, the latest record in the remarkable ascent of exchange-traded funds, on Tuesday, less than 18 months after overtaking State Street Investment...
Blackstone closes its largest Asia private equity fund at over $13 billion
Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10 billion target, with the fund raising more than double the amount of its predecessor vehicle. "Asia Pacific is the fastest-growing region in the world, presenting compelling opportunities to invest at scale behind our high-conviction themes," Joe Baratta,...
Anthropic reaches valuation of $965bn, beating OpenAI to become world’s most valuable AI firm
Claude’s parent company’s $65bn in latest funding round underscores vast sums of money still flowing into industryAnthropic, the AI firm behind the Claude chatbot, announced on Thursday it had raised $65bn in funding to value the company at $965bn post-money. The move makes Anthropic the world’s most valuable AI startup, eclipsing its competitor OpenAI.The deal marks an exceedingly successful period of growth for Anthropic, which was once considered to be a smaller player in the global AI...