Anchr announced that it has raised $5.8 million in seed funding to develop an AI-native operating system designed specifically for food distributors. The New York-based startup aims to automate core operational workflows across the food supply chain, replacing manual processes that still dominate the industry. Food distribution businesses manage hundreds of billions of dollars in…
Diligent AI, a company developing artificial intelligence agents for financial crime compliance operations, announced that it raised $2.5 million (about €2.1 million) in funding. The round was led by Speedinvest and Shapers, with continued participation from Y Combinator and angel investors, including founders and executives from Allica Bank, N26, CyberSource (Visa), IDnow, Billie, and other…
Safebooks has emerged from stealth with $15 million in seed funding to expand what it calls a new category of “Financial Data Governance” aimed at automating revenue data integrity for enterprise finance organizations. The San Francisco-based company said the round was led by 10D, Propel Ventures, and Mensch Capital, with participation from Moneta Venture Capital,…
Marvell Technology has reached a definitive agreement to acquire optical interconnect pioneer Celestial AI in a transaction valued at approximately $3.25 billion upfront, marking one of the most significant strategic moves in the rapidly evolving AI data center sector. The acquisition positions Marvell to expand its footprint in scale-up connectivity as hyperscalers and infrastructure providers…
