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Trayd, a startup that is building a back office operating system for the construction industry, has raised $10 million in Series A funding, it tells Crunchbase News exclusively. White Star Capital led the company’s Series A, which was raised in just three weeks and included participation from repeat backers Y Combinator and Suffolk Technologies. The […]
Storied venture capital firm Kleiner Perkins announced Tuesday that it has raised $3.5 billion across new funds with a primary focus on artificial intelligence. The fundraise includes $1 billion for KP22, a fund to back early-stage companies, and $2.5 billion targeted for growth-stage investments. It’s a considerable increase in capital commitments compared to the last
Kleiner Perkins Raises $3.5B For AI-Focused Funds Read More »
Storied venture capital firm Kleiner Perkins announced Tuesday that it has raised $3.5 billion across new funds with a primary focus on artificial intelligence. The fundraise includes $1 billion for KP22, a fund to back early-stage companies, and $2.5 billion targeted for growth-stage investments. It’s a considerable increase in capital commitments compared to the last
Kleiner Perkins Raises $3.5B For AI-Focused Funds Read More »
Mastercard has developed a large tabular model (an LTM as opposed to an LLM) that’s trained on transaction data rather than text or images to help it address security and authenticity issues in digital payments. The company has trained a foundation model on billions of card transactions, with the intention of expanding to hundreds of
Mastercard keeps tabs on fraud with new foundation model Read More »
The US Treasury has published several documents designed for the US financial services sector that suggest a structured approach to managing AI risks in operations and policy (see subheading ‘Resources and Downloads’ towards the bottom of the link). The CRI Financial Services AI Risk Management Framework (FS AI RMF) comes with a Guidebook [.docx] which
US Treasury publishes AI risk Guidebook for financial institutions Read More »
Large financial firms have spent years testing artificial intelligence in small projects, often limited to data analysis or customer support tools. The next phase appears to involve something more operational: systems that can take action in business workflows. Canadian insurer Manulife is moving in that direction as it works to deploy agent-based AI systems inside
Manulife moves AI agents into core financial workflows Read More »
Few venture capitalists have the name recognition — or tenure — of Tim Draper. A fixture in Silicon Valley for decades, Draper has built a reputation for bold, often contrarian bets that have yielded some of the industry’s most notable wins, including early investments in SpaceX, Tesla, Coinbase, Skype and Twitch. His career, which spans
Tim Draper On The AI Boom, Bitcoin’s Future And Building ‘Human Accelerators’ Read More »
Denki, which has built AI-powered software for financial auditors at public companies, has raised $4.1 million in funding, the startup tells Crunchbase News exclusively. Founded in 2025 by brothers Felipe Jin Li (24) and David Jin Li (20), San Francisco-based Denki aims to build “modern” infrastructure for financial audits, which verify that financial statements are
The financial services industry has a pilot problem. Institutions pour resources into AI proofs-of-concept, generate impressive dashboards, and then quietly watch momentum stall before anything reaches production. Singapore-headquartered Dyna.Ai was built precisely to break that pattern–and investors are now backing that thesis with serious capital. The AI-as-a-Service company has closed an eight-figure Series A round
AI agents prefer Bitcoin for digital wealth storage, forcing finance chiefs to adapt their architecture for machine autonomy. When AI systems gain economic autonomy, their internal logic dictates how corporate capital flows. Non-partisan research by the Bitcoin Policy Institute evaluated how these frontier models would transact if operating as independent economic actors. The study tested
AI agents prefer Bitcoin shaping new finance architecture Read More »
