Neowin News Feed for: Funding

OpenAI becomes a $852 billion giant with record-breaking $122B funding round

Pradeep Viswanathan — Wed, 01 Apr 2026 04:18:01 +0000

OpenAI has announced a funding round so massive it dwarfs previous records, setting the stage for a new era of global AI dominance. Read more...

Europe considers a massive fund to fix open source software's silent crisis

Paul Hill — Wed, 23 Jul 2025 10:16:01 +0000

GitHub, and by extension, Microsoft, has proposed the establishment of a new fund to finance the continued development of widely-used open source software. Read more...

Senior Mozilla exec explains how Firefox dies without Google and it's not just the money

Sayan Sen — Sat, 03 May 2025 03:48:01 +0000

Things do not look too good for Mozilla. The Firefox browser maker has explained how a lack of Google funding can kill it, and it's not just due to the money. Read more...

Trump White House's proposed huge NASA budget cut could "decimate American space leadership"

Sayan Sen — Fri, 11 Apr 2025 16:46:01 +0000

A massive cut to the budget spending for NASA science research has been proposed by The White House that "could decimate American leadership in space". Read more...

OpenAI tells investors not to invest in competing AI startups

Karthik Mudaliar — Thu, 03 Oct 2024 08:16:01 +0000

After raising $6.6 billion in the latest funding round, OpenAI has asked its investors not to invest in competing startups such as Ilya Sutskever's SSI, Elon Musk's xAI, and Anthropic. Read more...

OpenAI is now valued at $157 billion as it finishes its $6.6 billion funding round

Karthik Mudaliar — Wed, 02 Oct 2024 20:22:01 +0000

OpenAI has finished its latest funding round where it has raised $6.6 billion, bringing its valuation to a whopping $157 billion. Read more...

UK government launches £11.5 million fund for semiconductor scale-up efforts

Paul Hill — Thu, 26 Sep 2024 14:12:01 +0000

Announced by Science Minister Lord Patrick Vallance, the £11.5 million funding from Innovate UK is part of a larger £8 billion investment in research and innovation. Read more...

You.com raises $50M Series B, eyes enterprise expansion amid competition

Paul Hill — Thu, 05 Sep 2024 06:00:01 +0000

You.com has raised an additional $50 million in Series B funding. This will ensure it can continue operating while it tries to become self-sustaining. Read more...

Report: Microsoft to further invest in OpenAI at more than $100B valuation

Pradeep Viswanathan — Thu, 29 Aug 2024 15:46:02 +0000

Microsoft is planning to participate in OpenAI's latest funding round, which aims to raise several billion dollars at a valuation exceeding $100 billion. Read more...

SoftBank is reportedly looking to invest up to $20 million in Perplexity AI

Paul Hill — Thu, 27 Jun 2024 10:58:01 +0000

SoftBank is allegedly looking to invest between $10 million and $20 million in the startup Perplexity AI. Sources said that no deal has yet been finalised, so we may see differences or no deal at all. Read more...

UK Space Agency to spend £7.4 million on Moon, Mars and Venus projects

Paul Hill — Wed, 14 Feb 2024 05:14:02 +0000

The UK Space Agency has announced £7.4 million in funding for several global space projects. This funding will help the UK play a part in upcoming space exploration while keeping costs quite low. Read more...

UK sets up a £21 million AI Diagnostic Fund to accelerate patient diagnoses across the NHS

Anushe Fawaz — Fri, 23 Jun 2023 17:26:01 +0000

The government of the UK has announced an AI Diagnostic Fund of £21 million to provide AI tools to aid medical procedures and diagnoses in patients across the National Health Services. Read more...

Alphabet's CapitalG invests $100 million in AI market intelligence firm AlphaSense

Paul Hill — Tue, 11 Apr 2023 22:38:01 +0000

Alphabet's investment firm, CapitalG, has provided AI market intel firm, AlphaSense, with $100 million in funding. Part of the money will be used to integrate an LLM to leverage AlphaSense's data. Read more...

Virgin Orbit lays off 85% of its workforce to reduce expenses

Paul Hill — Fri, 31 Mar 2023 05:04:02 +0000

Virgin Orbit is laying off 85% of its workforce after it was unable to secure funding. This means 675 people will lose their jobs. The redundancies will likely be completed by April 3. Read more...

Congress denies U.S. Army's request to buy more HoloLens headsets from Microsoft

Usama Jawad — Fri, 13 Jan 2023 06:24:01 +0000

The U.S. government has denied the Army's request to purchase almost 7,000 HoloLens headsets for $400 million following some poor on-field test results including nausea and headaches for soldiers. Read more...

Russia Ukraine war now threatening an unsuspected victim in MSI Afterburner

Sayan Sen — Mon, 09 Jan 2023 16:56:01 +0000

MSI has confirmed that there is indeed a funding-related issue due to the ongoing Russia-Ukraine conflict. As a result, the development of the extremely popular MSI Afterburner tool has been stalled. Read more...

UK announces nearly £2 million worth of grants for tech startups enabling better transport

Karthik Mudaliar — Mon, 12 Dec 2022 17:26:01 +0000

The UK government has announced nearly £2 million worth for tech startups focused to make better transport systems such as AI based camera technology, 5G drones, magnetic rail traction, and more. Read more...

Elon Musk says SpaceX will continue funding Starlink's Ukraine operations

Karthik Mudaliar — Mon, 17 Oct 2022 08:38:01 +0000

Elon Musk has said that SpaceX will continue funding Starlink's operations in Ukraine indefinitely. This comes after SpaceX wrote a letter to the Pentagon asking to pick up the tab for its operations. Read more...

Amazon introduces $150 million Catalytic Capital to help fund entrepreneurs

Paul Hill — Wed, 05 Oct 2022 17:16:01 +0000

Amazon has begun funnelling $150 million through venture capital funds to businesses run by under-represented people. It hopes the effort will help grow these businesses and provide new jobs. Read more...

Ukraine will issue NFTs to fund war effort after raising $50M in cryptocurrency donations

Alap Naik Desai — Thu, 03 Mar 2022 22:04:01 +0000

In an effort to raise funds for the ongoing armed conflict, the Ukrainian government has indicated that it will 'offer' Non-Fungible Tokens (NFTs). The govt. has canceled plans to issue airdrops. Read more...

Microsoft helps fund Palm NFT Studio through M12 subsidiary

Paul Hill — Thu, 09 Dec 2021 23:14:01 +0000

Microsoft subsidiary M12, a venture fund, has helped Palm NFT Studio raise $27 million in Series B funding. M12 said NFTs will help to unlock Web3 which will have several advantages over Web2. Read more...

Epic Games raises $1 billion in the latest round of funding

Mehrotra A — Wed, 14 Apr 2021 06:58:01 +0000

American video game company Epic Games has announced that it has raised $1 billion during the latest round of funding. The funding was led by Sony Corporation that invested $200 Million in Epic Games. Read more...

HMD Global closes funding round with $230 million

Paul Hill — Tue, 11 Aug 2020 15:56:01 +0000

HMD Global has announced that it has closed its latest round of funding after raising $230 million. With the capital, it plans to grow in new markets and become a "holistic mobile service provider". Read more...

UK funds innovative projects that utilise 5G technology

Paul Hill — Thu, 30 Jul 2020 16:30:02 +0000

The UK government has announced £30 million in funding to help innovative projects that utilise 5G technologies. A second round of funding for projects has been mentioned with details due in Q3 2020. Read more...

UK: £20 million fund for tech to build country's virus resilience

Paul Hill — Fri, 03 Apr 2020 15:14:01 +0000

The UK government has announced £20 million in funding for technology that will help make the country more resilient against outbreaks of diseases such as COVID-19. Each project can get up to £50,000. Read more...

SpaceX rival, OneWeb, files for bankruptcy due to COVID-19

Paul Hill — Sat, 28 Mar 2020 09:46:02 +0000

OneWeb has announced that it's filing for bankruptcy. The firm was responsible for launching several internet-providing satellites but the economic situation caused by COVID-19 caused it to fail. Read more...

Tesla is the first publicly listed U.S. car maker to reach $100 billion in extended trading

Ather Fawaz — Wed, 22 Jan 2020 04:18:01 +0000

Less than a month after the company's stock crossed the infamous value of $420, Tesla has now become the first publicly listed U.S. car manufacturer to reach $100 billion in extended trading. Read more...

Grammarly raises $90M in latest financing round

Namerah Saud Fatmi — Thu, 10 Oct 2019 13:00:01 +0000

Grammarly, the company which created the popular AI-powered writing assistance tool, has reached a new milestone. In the latest funding round, the company managed to raise $90M in investments. Read more...

Huawei's research firm, Futurewei, has sandboxed itself from parent company

Paul Hill — Tue, 25 Jun 2019 03:06:01 +0000

Huawei's research and development arm, Futurewei, has sandboxed itself from Huawei in a bid to mitigate the damaging effects of the U.S. government's actions against the Chinese phone maker. Read more...

Reddit raises $300 million in funding round, reaches $3 billion valuation

João Carrasqueira — Mon, 11 Feb 2019 19:00:01 +0000

Reddit has announced a new funding round that granted the company $300 million, half of which come from China's Tencent. Reddit is now worth $3 billion, a major jump from $1.8 billion in 2017. Read more...

Light to push camera tech to smartphones with $121M from SoftBank-led round

Jay Bonggolto — Wed, 18 Jul 2018 14:36:01 +0000

Light says the investment will allow the company to introduce its camera tech to other applications beyond smartphones such as security, robotics, automotive, aerial imaging, and more. Read more...

monday.com raises $50M in new funding round, unveils fresh collaboration tools

Jay Bonggolto — Wed, 11 Jul 2018 12:22:01 +0000

The team management startup said the new funding will be used for its efforts to develop more product integrations and expand its global footprint. Monday.com has offices in Tel Aviv and New York. Read more...

Moxie Marlinspike announces the Signal Foundation

Paul Hill — Thu, 22 Feb 2018 16:14:22 +0000

Moxie Marlinspike, the lead developer behind Signal, has announced the formation of the Signal Foundation, which has started off life with $50 million in funding to grow the project. Read more...

The UK remains Europe's tech hotspot as VC deals rise despite Brexit vote

Dreyer Smit — Wed, 05 Jul 2017 09:08:01 +0000

After the Brexit vote, many predicted that Venture Capital would dry up, with the UK leaving the single market. It seems like these predictions were wrong, with a rise in technology funding. Read more...

With less than a day to go, the Cerulean Moment Windows 10 Mobile is still only 2% funded

Usama Jawad — Mon, 15 May 2017 08:04:01 +0000

With less than 24 hours to go until WhartonBrooks' campaign for its Cerulean Moment Windows 10 Mobile handset ends, the company has only achieved 2% of its fixed $1.1 million funding goal. Read more...

Eve 'Surface Killer' Windows 10 device launches on Indiegogo, beats funding goal in an hour

Usama Jawad — Mon, 21 Nov 2016 15:00:10 +0000

Finnish company Eve has finally launched its 'Eve V' Windows 10 hybrid device on Indiegogo. The campaign has already beaten its $75,000 funding goal less than an hour after going live. Read more...

Unique Windows 10 Mobile handset NuAns Neo fails Kickstarter funding goal

Usama Jawad — Tue, 09 Aug 2016 07:25:28 +0000

Japanese company NuAns has failed to achieve its Kickstarter goal of $725,000 for its NuAns Neo Windows 10 Mobile handset, managing to amass only $142,368 from 489 backers in 45 days. Read more...

Jolla secures financing to emerge from "latest death valley"; Sailfish OS lives on

Andy Weir — Fri, 18 Dec 2015 14:03:20 +0000

Things looked bleak for Jolla last month, but the company has managed to secure new funding. However, it says it now plans to reduce costs by focusing its efforts on 'core development' of Sailfish OS. Read more...

Microsoft is reportedly investing in Uber at $50bn valuation

Andy Weir — Fri, 31 Jul 2015 22:56:01 +0000

Microsoft is said to have agreed 'to contribute a substantial amount' of the $1 billion raised in a recent funding round for Uber, which values the global ride-hailing service at over $50 billion. Read more...

Zap&Go graphene supercapacitor charger near campaign end

Boyd Chan — Sat, 13 Dec 2014 01:32:01 +0000

Zap&Go, the first commercial graphene supercapacitor charger offering five minute charging and portability, will soon wrap up its successful Indiegogo campaign. Read more...