Latest news with #GiantVentures
Bloomberg
28-05-2025
- Business
- Bloomberg
Nuclear Startup Radiant Raises $165 Million for Micro-Reactor
Radiant Industries Inc., a US nuclear startup, lined up $165 million in funding to complete its small reactor design. The Series C funding round was led by DCVC Management Co., and also included Giant Ventures Global and StepStone Group Inc., according to a statement. The El Segundo, California-based company said it now has raised $225 million to develop its 1-megawatt system.
CNBC
26-05-2025
- Business
- CNBC
Trump threatens to slap Apple with a 25% tariff on iPhones manufactured abroad
President Trump has threatened to slap Apple with a 25 percent tariff on iPhones sold in the US that are manufactured abroad. But analysts have long doubted whether Apple can shift iPhone production to the US without major price hikes — and those concerns have been renewed by Trump's latest threats. Elsewhere, earnings season may be winding down, but all eyes are on Nvidia with the chip giant set to report numbers after the market close on Wednesday, May 28th. Tommy Stadlen, Co-Founder and General Partner, Giant Ventures, joins Karen Tso and Julianna Tatelbaum to talk all things tech, AI and tariffs on Squawk Box Europe. Karen Tso takes a deep dive into how tech analysts and investment banks are reacting to President Trump's latest tariff threat against Apple.
Bloomberg
01-04-2025
- Business
- Bloomberg
Climate Change 'Does Not Care' Who's In The White House, Says Investor
Earth's warming exceeded 1.5C on an annual basis for the first time in 2024, according to three major climate science agencies. It's the most potent evidence yet that countries are failing to meet a Paris Agreement goal of limiting global heating to that level as a decades-long average. Meanwhile China's top climate envoy said the world's transition to clean energy will continue, even as the US's second withdrawal from the Paris Agreement puts unprecedented stress on the fight against global warming. Tommy Stadlen is the co-founder of Giant Ventures who back technology founders in the areas including sustainability, health and mental health. He joined Caroline Hepker and Tom Mackenzie on Bloomberg Radio to discuss the landscape for seed investing (Source: Bloomberg)
Yahoo
21-03-2025
- Business
- Yahoo
Evroc secures €50m to advance European AI and cloud
Sweden-based data centre start-up Evroc has raised more than €50m ($54.3m) in its Series A funding round. Led by international investment firm Blisce/, the financing round was 'completed' in 2024. The round also saw participation from transatlantic investor Giant Ventures and existing backers EQT Ventures and Norrsken VC. The company plans to use the investment to accelerate the development of its hyperscale cloud and AI infrastructure in Europe. Evroc founder and CEO Mattias Åström said: '2025 will be a formative year for Evroc. With the recent announcements of our AI factory in France and our plans for an AI data centre in Stockholm, this financing round has been instrumental in laying the foundation for our next phase of growth. 'Support from existing investors EQT Ventures and Norrsken VC, together with our new investors Blisce/ and Giant Ventures will be essential to drive our European expansion. 'Together, we aim to build a secure, sovereign, and sustainable cloud and AI platform for Europe, and thereby empowering the next generation of EU startups, fuelling job creation, and driving economic growth.' In February 2025, Evroc announced plans to establish the first AI factory in Mougins, France. The planned 96MW hyperscale data centre is expected to have capacity of 50,000 GPUs. It is planned to be operational by 2025, with phased capacity expansions. Furthermore, Evroc plans to secure two additional sites, each over 100MW, in France in 2025. In 2023, Evroc said it set a goal to raise €3bn within two years to construct two hyperscale data centres in Europe. By the end of this decade, Evroc envisions operating ten hyperscale data centres, employing more than 10,000 people. "Evroc secures €50m to advance European AI and cloud" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
