News - Page 632

TLDR: Rogo, a generative AI company for financial institutions, has raised $7 million in seed funding. The round was led by AlleyCorp, with participation from Company Ventures, BoxGroup, and ScOp Ventures. Rogo

TLDR: – Sequoia Capital is pressuring former partner Michael Moritz to leave his board position at Klarna. – Sequoia partner Matthew Miller has asked Klarna shareholders to remove Moritz from the board,

TLDR: After Sam Altman’s firing, it was believed that the chaos would lead to caution in AI venture investments. However, recent events show that the AI frenzy is far from over, with

TLDR: – LA Fire and Police pension plans to invest $200 million in venture capital and growth funds in 2024. – The pension committed $77.5 million to five venture funds in 2023.

The Smart Business Dealmakers Dealmaker of the Year Awards in Nashville have named their 2024 winners. This year’s honorees include Lindsey Cox, CEO of venture capital firm Launch Tennessee; Chris Ferrell, CEO

TLDR: The U.S. Securities and Exchange Commission (SEC) is considering raising the threshold for registration of venture capital (VC) funds from $10 million to $12 million. This move could exempt some med-tech

TLDR: Venture capital firm TVM Capital Life Science has co-led a $16 million series A financing round for Vektor Medical Inc., a med-tech company that has developed an AI-based tool to identify

The Securities and Exchange Commission (SEC) has proposed a new rule to update the definition of a qualifying venture capital (VC) fund. The proposed rule would raise the dollar threshold for a

.406 Ventures falls short of target for fifth fund TLDR: .406 Ventures has fallen short of its target for its fifth fund, which aimed to raise $300 million. The firm has currently

Norwest has announced promotions within its leadership and investment teams, promoting Ran Ding to general partner and co-head of its growth equity team, and Matthew De Dominicis as administrative partner and CFO.