Giancarlo Devasini, chairman of Tether, is projected to see his net worth reach $224 billion. This leap would make him one of the top five richest people on earth. The growth is tied to Tether’s rising valuation and massive fundraising plans. Download the Movement Market app in my bio and start launching your own memecoins 🚀

Fundraising in 2025 will continue to be a “tale of two cities,” VC Renata Quintini, co-founder of early-stage VC Renegade Partners, said onstage at TechCrunch Disrupt 2024. “Some companies, really having the promise of going after big markets growing fast, [will be] receiving a lot of funding and momentum.” But on the other side, the “companies that need to build real businesses and efficient businesses” will struggle to raise cash, Quintini warned. She’s referring to the tight fundraising market that startups have faced in the era of higher interest rates. As 2025 arrives, the best chance of getting venture funding will be to have solid business fundamentals. That means selling a product or service at a profitable price point that serves a sizable customer base. Read how AI startups can successfully raise funds at the link in the bio 👆 Article by Julie Bort Image Credits: Barak Shrama/ Slava Blazer Photography / Flickr #TechCrunch #technews #artificialintelligence #startups #founders #venturecapital

xAI, Elon Musk’s AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors gave a minimum of $77,593, per the filing (97 participated, but the document doesn’t reveal their identities). The new cash brings xAI’s total raised to $12 billion, adding to the $6 billion tranche xAI raised this spring. CNBC reported in November that xAI was aiming for a $50 billion valuation — double its valuation as of six months ago. According to the Financial Times, only investors who’d backed xAI in its previous fundraising round were permitted to participate in this one. Reportedly, investors who helped finance Musk’s Twitter acquisition were given access to up to 25% of xAI’s shares. Read more on xAI landing $6B at the link in the bio 👆 Article by Kyle Wiggers Image Credits: Marc Piasecki / Getty Images #TechCrunch #technews #artificialintelligence #startup #fundraising #ElonMusk

Climate tech startup Electra has developed a novel method of using electricity to coax pure iron out of low-grade ores, opening the door to cleaner steel. The startup disclosed a new funding round in a regulatory filing, seeking to raise $256.7 million. Iron production today is highly polluting. It’s responsible for the vast majority of emissions for steelmaking, which itself generates 7% of the world’s carbon emissions. The main process used to make iron today — melting ore in searing-hot blast furnaces driven by burning fossil fuels — has remained largely unchanged for centuries. As the industry has sought to clean up its act, it has started looking for alternatives. Electra’s solution, known as electrowinning, is already used to produce other metals like copper and nickel. Electrowinning uses an electric current to draw a metal out of a liquid solution. The metal gets plated onto an electrode while impurities drop to the bottom of the tank. Read more on Electra at the link in the bio 👆 Article by Tim De Chant Image Credits: thianchai sitthikongsak / Getty Images #TechCrunch #technews #climatetech #startup #founder #fundraising

We're back 👏 For all the chatter about the decline of San Francisco, data repeatedly shows that the Bay Area, including the city itself, is still the best place for venture-backed startups. Startups located in the Bay Area vacuumed up $90 billion of VC investment in 2024, which was 57% of the $178 billion of global venture funding spent last year, new stats released on Tuesday by Crunchbase show. As we previously reported, this isn’t just happenstance. It’s a result of the area’s dominance in AI, the biggest tech of 2024, as well as being home to Big Tech (Google, Nvidia, Salesforce, etc.), and a longstanding startup infrastructure there — from Y Combinator to the VC-land of Sand Hill Road. Read more on Crunchbase's findings at the link in the bio 👆 Article by Julie Bort Image Credits: Ron Albers / Getty Images #TechCrunch #technews #startups #founders #venturecapitalists #fundraising

Michael Saylor’s Strategy plans to offer $2 billion of convertible debt in a private offering, extending the self-styled Bitcoin treasury company’s unconventional fundraising strategy.

Singapore‑listed Trident Digital has announced plans to raise up to $500 million to establish an XRP‑centric corporate treasury, positioning XRP as a core treasury asset. The company intends to deploy staking strategies for yield generation and deepen engagement within the Ripple ecosystem, with a planned rollout in H2 2025. The fundraising will be executed through public equity, private placements, and structured financing, with Chaince Securities advising the effort. Join the free memecoin discord in my bio for alpha 📲 Folllow for more crypto content posted every day ☑️ #crypto #bitcoin #btc #cryptocurrency #cryptonews #bitcoinnews #cryptotips #ripple #xrp

Anthropic has reportedly raised around $1 billion from Google as the AI company looks to deliver a number of major product updates this year. First reported by the Financial Times, Google’s fresh investment brings the tech giant’s total stake in Anthropic to around $3 billion. Google poured $2 billion into Anthropic late last year. Anthropic, which is also in the process of raising up to $2 billion from investors including Lightspeed at a $60 billion valuation, has an ambitious roadmap for 2025. According to Crunchbase, the company has now raised $14.7 billion altogether. In a series of interviews this week, Anthropic CEO Dario Amodei said that the company plans to launch new AI models, bring “two-way” voice chat and web access to its chatbot, Claude, and roll out an AI system called the “Virtual Collaborator.” According to Amodei, the Virtual Collaborator will run on PCs, execute workflows, write and compile code (and verify the results), and interact with users through apps like Slack and Google Docs. Image Credits: Chesnot / Contributor / Getty Images #TechCrunch #technews #artificialintelligence #startup #venturecapital #fundraising #founder

Nvidia is reportedly in discussions to invest in Elon Musk's AI company, xAI, which powers the Grok chatbot on Musk's social platform, X. The investment talks come as xAI prepares for a major fundraising round in January 2025, which could value the company at up to $75 billion. Sources indicate that Nvidia may be a strategic fit for xAI, given Musk's extensive use of Nvidia hardware across his projects, from Tesla's AI initiatives to the supercomputer he built with Nvidia's support. Recently, The Wall Street Journal reported that xAI is raising several billion dollars at a $40 billion valuation. Follow us (👉@artificialintelligenceee) for everything latest from the AI world. #nvidia #jensenhuang #xai #elonmusk

Trump Media & Technology Group has filed to register up to $12 billion in new securities, signaling a strategic push into cryptocurrency and fintech sectors. This substantial capital raise positions the company to explore mergers, acquisitions, and innovative crypto-related financial products. The company recently closed a $2.44 billion fundraising deal to establish a Bitcoin treasury and subsequently registered to list a Bitcoin ETF. These moves reflect the company’s bullish stance on Bitcoin and its commitment to expanding its presence in the crypto market. This initiative aligns with a broader trend among media and tech firms to integrate cryptocurrency strategies into their business models. Join the free memecoin discord in my bio for alpha 📲 Folllow for more crypto content posted every day ☑️ #crypto #bitcoin #btc #cryptocurrency #cryptonews #bitcoinnews #cryptotips #ripple #xrp