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DOJ files to seize $225 million in crypto from scammers

theverge.com Adi Robertson 2025-09-04 22:53:53

The Department of Justice reported yesterday that it filed a civil complaint to seize roughly $225.3 million in cryptocurrency linked to crypto investment scams. In a press release, the DOJ said it traced and targeted accounts that were “part of a sophisticated blockchain-based money laundering network” dispersing funds taken from more than 400 suspected victims of fraud. The 75-page complaint filed in the US District Court for the District of Columbia lays out more detail about the seizure. Ac

Topics: complaint crypto doj funds victims

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Announcing our 2025 VB Transform Innovation Showcase finalists

venturebeat.com Aliyah Mohammed 2025-09-05 20:46:15

Join the event trusted by enterprise leaders for nearly two decades. VB Transform brings together the people building real enterprise AI strategy. Learn more This year’s VB Innovation Showcase finalists will be at VB Transform, June 24-25, in San Francisco. They will take to the stage as we delve into what’s actually working in enterprise AI, from copilots to agents. Seven companies have been selected to showcase their generative AI products or features that are most likely to disrupt the ente

Topics: ai based funding million ventures

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Via the False Claims Act, NIH puts universities on edge

arstechnica.com Unknown 2025-09-06 22:42:07

Earlier this year, a biomedical researcher at the University of Michigan received an update from the National Institutes of Health. The federal agency, which funds a large swath of the country’s medical science, had given the green light to begin releasing funding for the upcoming year on the researcher’s multi-year grant. Not long after, the researcher learned that the university had placed the grant on hold. The school’s lawyers, it turned out, were wrestling with a difficult question: whethe

Topics: funding grant nih researcher university

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SportsVisio raises $3.2M for AI for sports athletes and fans

venturebeat.com Dean Takahashi 2025-09-07 14:00:00

SportsVisio has raised $3.2 million to put the power of advanced AI into the hands of every athlete, coach, and fan. The company has raised $9 million to date, and the round includes continued support from existing investors Sapphire Sport, Hyperplane and Sovereign’s Capital, and welcomes Mighty Capital, Sony Innovation Fund, Alumni Ventures, Waterstone Impact Fund and new strategic angels. The addition of Sony Innovation Fund is of particular importance. With their deep expertise at the inter

Topics: ai fund sony sports sportsvisio

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If You Were Surprised by an Amazon Refund From Years Ago, Here's Why

cnet.com See Full Bio 2025-09-07 23:55:03

What's better than a surprise package from Amazon? A big chunk of money. After all the money you've spent at Amazon, it's only fair that the online shopping giant gives you some cash back, right? That's what some customers are discovering after learning about surprise Amazon refunds they've received, sometimes for purchases made years ago. One customer on LinkedIn said he received a refund of $1,800 for a smart TV bought in 2018. Others made similar comments about products bought long before.

Topics: amazon customers orders refunds surprise

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Elon Musk’s xAI is reportedly seeking a $4.3B equity raise

techcrunch.com Amanda Silberling 2025-09-09 14:26:47

In Brief Elon Musk’s startup xAI is trying to raise a $4.3 billion equity investment, according to a report from Bloomberg. This equity funding would be in addition to the $5 billion that Musk is allegedly trying to raise in debt funding for the combined entity of X and xAI. The company appears to be raising money again after landing a $6 billion cash infusion in December, because it has already spent much of its money. xAI makes Grok, the AI chatbot that’s embedded inside the social network

Topics: billion equity funding money xai

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Fleet lands $27M Series B to expand open device management with cloud and self-hosting flexibility

9to5mac.com Bradley C 2025-09-09 18:00:00

Device management vendor Fleet has raised $27 million in Series B funding to accelerate development of its open device management platform. The round was led by Ten Eleven Ventures and brings Fleet’s total funding to $52.3 million. The company reports 6x revenue growth over the past two years and plans to use the funding to expand adoption across enterprises looking for flexible deployment options. Some of my favorite gear eufyCam 2C Upgrade your home security with wireless cameras that include

Topics: device fleet funding management open

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Spotify's Daniel Ek leads $694 million investment in defense startup Helsing

cnbc.com Ryan Browne 2025-09-10 02:41:59

Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield. European defense technology startup Helsing on Tuesday said that it's raised 600 million euros ($693.6 million) in a bumper new round of funding. The investment was led by Prima Materia, the venture capital firm founded by Spotify CEO Daniel Ek and by Shakil Khan, an early investor in the popular music streaming app. Ek is also chairman of Helsing. Existing investors Lightspeed Venture Partners, A

Topics: defense funding helsing investors venture

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Prominent global VC Endeavor Catalyst is raising $300M, sources say

techcrunch.com Tage Kene-Okafor 2025-09-10 11:00:48

Endeavor Catalyst, the co-investment fund affiliated with global entrepreneurial network Endeavor Global, is raising a new $300 million fund, its fifth and largest fund yet, as it looks to deepen its bet on high-growth startups across Africa, Latin America, the Middle East, and Southeast Asia, TechCrunch has learned. The new fund, according to sources, is still in early fundraising stages. It’s previous fund was its $292 million Fund IV closed in 2022. The firm has already begun early conversat

Topics: catalyst endeavor fund global markets

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Studio555 raises $4.6M to build playable app for interior design

venturebeat.com Rachel Kaser 2025-09-12 19:00:00

Studio555 announced today that it has raised €4 million, or about $4.6 million in a seed funding round. It plans to put this funding towards creating a playable app, a game-like experience focused on interior design. HOF Capital and Failup Ventures led the round, with participation from the likes of Timo Soininen, co-founder of Small Giant Games; Mikko Kodisoja, co-founder of Supercell; and Riccardo Zacconi, co-founder of King. Studio555’s founders include entrepreneur Joel Roos, now the CEO, C

Topics: design funding interior studio555 team

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Caltrain official lived in secret apartment built illegally inside train station

news.ycombinator.com George Kelly 2025-09-12 05:14:12

Joseph Navarro’s apartment was a typical Bay Area bachelor pad: on the small side, somewhat lacking in homey touches or creature comforts. But the location was hard to beat: stashed away inside the Burlingame Caltrain station. Images released Thursday by the San Mateo County district attorney’s office show the interior of the secret dwelling that Navarro, a former Caltrain deputy director, built illegally using public funds. Navarro lived in the snug chambers for years, but he will now reside

Topics: caltrain county funds navarro san

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After a string of successes, early-stage fund Felicis raises fresh $900M

techcrunch.com Julie Bort 2025-09-15 06:13:38

In Brief Felicis founder Aydin Senkut is celebrating his 20th year as an institutional early-stage investor by announcing the firm’s biggest fund yet: a $900 million Fund X. This follows the $825 million Fund IX raised in 2023 and the $600 million Fund XIII raised in 2021. Felicis, a seed and Series A firm, is known for backing a long string of successes, including Ayden, Bonobos, Ring, Shopify, and Twitch, among others. Since being founded in 2006, Felicis has backed over 50 unicorns and had

Topics: ai felicis firm fund million

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Gecko Robotics raises $125 million in deal valuing critical infrastructure startup over $1 billion

cnbc.com Ian Thomas 2025-09-17 03:57:08

Gecko Robotics announced on Thursday that it raised $125 million in a Series D funding round, raising the AI and robotics company's valuation to $1.25 billion. The new round of funding means the Pittsburgh-based company has reached unicorn status, roughly twelve years after it was founded by Jake Loosararian. The company's previous round of funding, a $173 million Series C in December 2023, valued it at $633 million. To date, the company has raised $347 million from investors including USIT, X

Topics: company funding gecko million round

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Jewel Burks Solomon’s Collab Capital has closed a new $75M fund

techcrunch.com Dominic-Madori Davis 2025-09-16 23:30:00

Collab Capital announced today the close of a $75 million Fund II. Jewel Burks Solomon, who rose to prominence in Silicon Valley during her years running Google for Startups US, has just closed her second fund for her VC firm Collab Capital. Fund II is $75 million and includes heavyweight limited partners like Apple, Goldman Sachs Asset Management, and The Leon Levine Foundation. Solomon co-founded the firm alongside Barry Givens in 2020 with an inaugural $50 million Fund I and invested in 38

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This New Drug Could Help End the HIV Epidemic—but US Funding Cuts Are Killing Its Rollout

wired.com David Cox 2025-06-01 21:26:30

After a lifetime on the frontiers of the fight against HIV, Linda-Gail Bekker could finally see the end of the epidemic in sight. For decades, HIV experts had dreamed of an elusive vaccine to block the ongoing chain of infections, which still sees more than 1 million people worldwide contract the virus annually. Bekker, a 62-year-old medical professor from the University of Cape Town, had helped identify a drug that could do just that. But now, thanks to the Trump administration’s executive ord

Topics: funding global hiv million pepfar

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Five of the most important fintech VCs investing heavily in the sector

techcrunch.com Mary Ann Azevedo 2025-06-01 23:30:00

Global investing in fintech startups is starting to see an uptick. Just this week, KPMG issued its Pulse of Fintech report for the second half of 2024. In the fourth quarter of 2024, investment climbed to $25.9 billion from $18 billion in the third quarter, according to KPMG. Granted, this is not the enthusiasm of years past, especially the wild days of 2021. But judging by our inboxes, there is no shortage of venture capitalists still betting big on the space. Below is a list of just a few VC

Topics: fintech fund investments million seed

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Cherryrock Capital raises new $172M fund from all-star investors to back diverse founders

techcrunch.com Dominic-Madori Davis 2025-06-01 19:35:00

Cherryrock Capital, founded by ex-TaskRabbit CEO Stacy Brown-Philpot, announced Wednesday the closing of its $172 million Fund I with an all-star limited partner list that includes JPMorgan, Goldman Sachs, MassMutual, Melinda French Gates’ Pivotal Ventures, Reid Hoffman, Mellody Hobson, and Sheryl Sandberg. Brown-Philpot told Bloomberg that the fund actually closed in January. The firm launched in 2023 during what was a challenging period for fundraising in the venture industry. As a result, B

Topics: brown cherryrock companies fund philpot

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Brand-new women’s focused Swizzle Ventures skyrockets past its fundraising target

techcrunch.com Dominic-Madori Davis 2025-06-01 22:15:00

Swizzle Ventures has closed its Fund I at $6.6 million, bypassing its initial $3 million target, Jessica Kamada, the firm’s founder, told TechCrunch. Back in December, TechCrunch reported that the firm, which quietly launched in 2023, was raising and has already bypassed $5 million, per its SEC filing. The thesis of Fund I will focus on women’s health and wealth, touching upon issues such as caregiving and finances. Kamada told TechCrunch that 70% of the fund’s LPs are women and 50% are expert

Topics: firm fund kamada million women

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Latest Tech News

DOJ files to seize $225 million in crypto from scammers

Announcing our 2025 VB Transform Innovation Showcase finalists

Via the False Claims Act, NIH puts universities on edge

SportsVisio raises $3.2M for AI for sports athletes and fans

If You Were Surprised by an Amazon Refund From Years Ago, Here's Why

Elon Musk’s xAI is reportedly seeking a $4.3B equity raise

Fleet lands $27M Series B to expand open device management with cloud and self-hosting flexibility

Spotify's Daniel Ek leads $694 million investment in defense startup Helsing

Prominent global VC Endeavor Catalyst is raising $300M, sources say

Studio555 raises $4.6M to build playable app for interior design

Caltrain official lived in secret apartment built illegally inside train station

After a string of successes, early-stage fund Felicis raises fresh $900M

Gecko Robotics raises $125 million in deal valuing critical infrastructure startup over $1 billion

Jewel Burks Solomon’s Collab Capital has closed a new $75M fund

This New Drug Could Help End the HIV Epidemic—but US Funding Cuts Are Killing Its Rollout

Five of the most important fintech VCs investing heavily in the sector

Cherryrock Capital raises new $172M fund from all-star investors to back diverse founders

Brand-new women’s focused Swizzle Ventures skyrockets past its fundraising target

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