AI video startup Moonvalley raised a fresh $43M, SEC filing shows

April 7, 2025
Los Angeles-based startup Moonvalley, which is developing AI tools for video creation, has raised a fresh $43 million in venture capital, according to an SEC filing. The filing, which lists 11 unnamed investors, comes roughly a week after Moonvalley launched its first AI video-generating model, Marey. Moonvalley previously raised $70 million in seed funding from backers […]

IBM acquires consultancy Hakkoda in continued AI investment push

April 7, 2025
IBM on Monday announced that it acquired Hakkoda, a data and AI consultancy based in New York, for an undisclosed amount. Mohamad Ali, SVP and head of IBM’s consulting business, said that the acquisition would “further expand” IBM’s ability to bring consultants and AI to clients, particularly customers in industries like financial services, public sector, […]

SignalFire raises over $1B as LPs embrace data-driven investing

April 7, 2025
Thirteen years ago, when Chris Farmer founded early-stage venture firm SignalFire with data analysis at the core of its investment strategy, many were skeptical about the approach — conventional wisdom dictated that nascent companies didn’t have enough data to make investment algorithms effective. “This was a very radical idea, and everyone thought I was crazy,” […]

OpenAI reportedly mulls buying Jony Ive and Sam Altman’s AI hardware startup

April 7, 2025
OpenAI is said to have discussed acquiring the AI hardware startup that former Apple design lead Jony Ive is building with OpenAI CEO Sam Altman. According to The Information, OpenAI could pay around $500 million for the fledgling company, called io Products. Ive, who left Apple in 2019 to start his own design firm called […]