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Microsoft Corporation (NASDAQ:MSFT) maintains a "Buy" rating from UBS despite concerns over Azure's growth, attributed to recent performance dips. The company is adapting its go-to-market strategies, which may impact investor sentiment, but its fundamentals remain strong. Meanwhile, Celestial AI has raised $250 million to advance its innovative Photonic Fabric technology, aiming to enhance AI computing efficiency and compete with Nvidia.
UBS has maintained a 'Buy' rating on Microsoft Corporation (MSFT) amid concerns regarding Azure's growth. Meanwhile, AI startup Celestial AI has raised $250 million in a Series C1 funding round, totaling $515 million, to advance its Photonic Fabric™ technology, which aims to enhance memory bandwidth and efficiency in AI applications. This innovative approach seeks to provide speed while reducing space and power consumption, positioning Celestial AI as a competitor to Nvidia in the chip market.
Tiger Global Management and Coatue Management have made two new investments each in technology unicorns, marking a resurgence in their venture capital activities. While both firms have surpassed their investment totals from 2023, they remain below their historical peaks. Among the latest investments, three companies had valuations of at least $1 billion, with one achieving this status in its recent financing round.
B2B insurtech firm Zopper has secured $25 million in a Series D funding round co-led by Elevation Capital and Dharana Capital, with participation from existing investor Blume Ventures. The New Delhi-based company, valued at $101 million in 2022, has raised a total of $121 million to date. The new funds will enhance Zopper’s technology infrastructure, expand its AI/ML capabilities, and improve post-sales services for device and appliance protection.
Stablecoin payments company BVNK is in discussions to raise at least $50 million from investors, fueled by growing interest in its sector following Stripe Inc.'s significant acquisition. Backed by Tiger Global Management LLC, the startup's valuation and funding size may evolve as negotiations progress.
Tiger Global Management LLC
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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