Nozomi Networks notched a $100 million funding round led by Schneider Electric and Mitsubishi, spotlighting the urgent need for advanced cybersecurity measures to
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(Reuters) -Nvidia-backed Together AI said on Wednesday it has raised $106 million in a new funding round, doubling its valuation since last fall as investors rushed to back startups capitalizing on the generative AI boom. Led by Salesforce Ventures, the funding valued Together AI at $1.25 billion. Other investors in the round included Coatue Management and existing investors such as Lux Capital and Emergence Capital.
The New York-based cloud security phenom is speaking with several investors include Thrive, Lightspeed Venture Partners, G Squared, Sequoia and Cyberstarts in hopes of raising roughly $800 million at a valuation of more than $10 billion. The cash infusion would help Wiz finance future acquisitions.
Energy tech startup Kimbal Technologies will use the funds to expand its current operations and come up with new products, aiming to establish a modern power distribution system to the last mile, Kimbal Technologies said in a statement.