The startup’s new round led by Menlo Ventures surprised some industry insiders for its form of a special purpose vehicle and its function to help price bets by giants Amazon and Google.
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Cortical Labs, an Australian startup developing a new type of artificial intelligence that combines lab-grown human brain cells with computer chips, has raised $10 million in a funding round led by Horizons Ventures, the private investment arm of Hong Kong’s richest person, Li Ka-shing.
The amount was also less than half the level raised in the preceding three months.
It is easier than ever to launch a startup – which is why it is also more competitive than ever.
In the face of a downturn, the opportunity lies in new company creation and early-stage companies.
Big names are backing virtual AI startup Fingerprint for Success.
KPMG expects the IPO window to remain closed well into 2023, and an increasing number of down rounds and mergers and acquisitions.
Deep space tech has the potential to not only change how we live and work. It presents the world with a trillion-dollar market opportunity.
The way we raise capital can determine the success or failure of a new business idea with high-growth potential.