The Chinese AI startup MiniMax saw its shares jump as much as 90% on its first day of trading in Hong Kong on Friday, March 28. The company raised $620 million, significantly outpacing the debut of its rival Zhipu AI just one day earlier.
AI infrastructure company Nscale is aiming to raise a massive $2 billion in a pre-Series C round. This comes just days after closing its Series B funding, which was led by industrial investment giant Aker ASA.
Eir Partners, a Miami-based private equity firm, has closed its third fund at $1 billion, more than double its 2024 predecessor. The firm focuses on control and minority stakes in healthcare technology companies, from early-stage to mature businesses.
In a move to bolster its data center infrastructure offerings, Concentric LLC has acquired power and cooling specialist Critical Components. This follows Concentric’s own acquisition by Mitsubishi Heavy Industries in 2023.
Bank of America has upgraded Coinbase to a buy rating, seeing a 38% upside to its $340 price target. The upgrade is driven by Coinbase’s aggressive expansion beyond crypto into stock trading and asset tokenization, aiming to become an “everything exchange.”
Cyera, a data security startup, just raised $400 million at a $9 billion valuation, doubling its worth in just six months. The AI boom is creating a massive new market for securing the data that fuels corporate AI ambitions, but it’s also supercharging the threat landscape.
Pax8 has named tech veteran Avery Moon as its new Chief Technology Officer. Moon, who has held leadership roles at LinkedIn, Indeed, and Wealthfront, will lead the company’s engineering strategy as it pushes deeper into agentic AI and managed intelligence for MSPs.
Quantum computing startup Photonic Inc. has secured a massive $131 million in new funding. The round was led by Planet First Partners and included new backers like the Royal Bank of Canada and Telus, alongside existing investor Microsoft. The cash will fuel the company’s push to commercialize its fa
The stock market saw some wild swings in specific sectors. Data-storage companies like Sandisk and Western Digital surged on Nvidia’s AI plans, while AIG dropped on a surprise CEO change.
Mobileye is making a massive $900 million move into humanoid robotics by acquiring startup Mentee Robotics. The deal, announced at CES, signals a major strategic shift for the Intel-owned automotive chip giant. But it raises big questions about focus and the viability of the humanoid robot market.
