Latest news with #PaloAlto-based
Yahoo
2 days ago
- Business
- Yahoo
You.com seeking $1.4bn valuation in new funding round
AI startup is in discussions to secure new funding at a valuation of $1.4bn, The Information reported. The Palo Alto-based startup, which focuses on AI search for business, plans to use the funds to bolster its AI assistant offerings. This development follows its shift from general-purpose AI search to work-related task assistance. The talks come after $50m Series B round in 2024, which included investments from Day One Ventures, DuckDuckGo, Gen Digital, Georgian, NVIDIA, Salesforce Ventures and SBVA. This round increased its total funding to $99m, elevating its valuation to between $700m and $900m. gained attention with the launch of ChatGPT in late 2022, capitalising on the interest in AI-powered search. However, interest waned as competitors such as Microsoft's AI-infused Bing and Google's advanced search responses gained traction. In response, repositioned itself as an AI assistant to enhance productivity while maintaining internet search capabilities. Founded in 2020 by former Salesforce AI leads Richard Socher and Bryan McCann, now highlights its ability to summarise information, answer questions, and support daily workflows. Richard Socher, CEO and chief scientist, said that the platform can generate text, write code, and interact with various tools for precise results, though he did not comment on the current fundraising plans. offers a premium plan at $15 per month (billed annually), providing access to AI models and productivity features, slightly undercutting competitors like Google, Microsoft, and OpenAI, which charge $20 monthly. In addition to its consumer-facing AI assistant, is expanding into the enterprise market. The company provides a suite of AI tools, including agents and APIs, to help organisations enhance employee productivity and explore new revenue opportunities. " seeking $1.4bn valuation in new funding round" 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.
Yahoo
2 days ago
- Business
- Yahoo
You.com seeking $1.4bn valuation in new funding round
AI startup is in discussions to secure new funding at a valuation of $1.4bn, The Information reported. The Palo Alto-based startup, which focuses on AI search for business, plans to use the funds to bolster its AI assistant offerings. This development follows its shift from general-purpose AI search to work-related task assistance. The talks come after $50m Series B round in 2024, which included investments from Day One Ventures, DuckDuckGo, Gen Digital, Georgian, NVIDIA, Salesforce Ventures and SBVA. This round increased its total funding to $99m, elevating its valuation to between $700m and $900m. gained attention with the launch of ChatGPT in late 2022, capitalising on the interest in AI-powered search. However, interest waned as competitors such as Microsoft's AI-infused Bing and Google's advanced search responses gained traction. In response, repositioned itself as an AI assistant to enhance productivity while maintaining internet search capabilities. Founded in 2020 by former Salesforce AI leads Richard Socher and Bryan McCann, now highlights its ability to summarise information, answer questions, and support daily workflows. Richard Socher, CEO and chief scientist, said that the platform can generate text, write code, and interact with various tools for precise results, though he did not comment on the current fundraising plans. offers a premium plan at $15 per month (billed annually), providing access to AI models and productivity features, slightly undercutting competitors like Google, Microsoft, and OpenAI, which charge $20 monthly. In addition to its consumer-facing AI assistant, is expanding into the enterprise market. The company provides a suite of AI tools, including agents and APIs, to help organisations enhance employee productivity and explore new revenue opportunities. " seeking $1.4bn valuation in new funding round" 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.
Yahoo
21-05-2025
- Business
- Yahoo
D-Wave stock price soars double digits as quantum computer shares rally again today. Here's why
Shares in major quantum computer companies were on the rise again in premarket trading on Tuesday, highlighting what has been a volatile couple of weeks for a nascent industry that continues to captivate. Here's what's driving the latest news: Zillow: Housing market to see first annual U.S. home price drop since 2011 This ex-Tesla employee just launched a cheap electric motorcycle 4 free Coursera courses to jump-start your AI journey By far, Palo Alto-based D-Wave Quantum Inc (NYSE: QBTS) is seeing the biggest boost in premarket trading, with its stock up more than 12% as of this writing. This boost follows a 7% increase in D-Wave shares on Monday. Investors are likely excited by news on Tuesday morning in which D-Wave announced the general availability of its sixth-generation Advantage2 quantum computing system, which the company says has a demonstrated ability to solve deeply complex problems that classical computers can't. 'It's what everybody aspired to achieve, and we're quite excited about it,' CEO Alan Baratz told Fast Company in March, when the company announced that it had achieved 'quantum supremacy' using the Advantage2. Although some researchers have challenged D-Wave's claims, investors appear to be on board for now. Shares in D-Wave are up 36.84% year to date. Hoboken-based Quantum Computing Inc. (Nasdaq: QUBT) has seen some volatility since it released its first-quarter 2025 earnings report last Thursday. The company swung to a profit, reporting net income of $17 million, versus a net loss of $6.4 million last year. Shares surged double digits on Friday after the report, but then fell more than 8% on Monday, possibly due to some profit taking from investors who wanted to lock in their gains. Now, in premarket trading on Tuesday, QUBT is back on the rise again, with the stock up almost 9% as of this writing. Who can keep up? Shares in Rigetti Computing (Nasdaq: RGTI) were also on the rise in premarket trading Tuesday, up nearly 6% as of this writing. The Berkeley-based company has not announced any news this morning that would impact the share price, so it's possible that investors are just showing a bit more excitement for the quantum computing space. Experts believe the space has the potential to transform computing as we know it, although debates persist about how far we are from widespread practical uses for quantum computing. It's worth noting that while all three of the above quantum computing companies are enjoying a rally this week, shares in Quantum Computing Inc. and Rigetti are both down significantly year to date: 36.94% and 39.75% respectively. Only time will tell if these three stocks will continue on their upward path this week and into the future. For now, enjoy the quantum leap. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fast Company
20-05-2025
- Business
- Fast Company
D-Wave stock price soars double digits as quantum computer shares rally again today. Here's why
Shares in major quantum computer companies were on the rise again in premarket trading on Tuesday, highlighting what has been a volatile couple of weeks for a nascent industry that continues to captivate. Here's what's driving the latest news: D-Wave announces Advantage2 By far, Palo Alto-based D-Wave Quantum Inc (NYSE: QBTS) is seeing the biggest boost in premarket trading, with its stock up more than 12% as of this writing. This boost follows a 7% increase in D-Wave shares on Monday. Investors are likely excited by news on Tuesday morning in which D-Wave announced the general availability of its sixth-generation Advantage2 quantum computing system, which the company says has a demonstrated ability to solve deeply complex problems that classical computers can't. 'It's what everybody aspired to achieve, and we're quite excited about it,' CEO Alan Baratz told Fast Company in March, when the company announced that it had achieved 'quantum supremacy' using the Advantage2. Although some researchers have challenged D-Wave's claims, investors appear to be on board for now. Shares in D-Wave are up 36.84% year to date. Quantum Computing Inc rises, falls, and rises again Hoboken-based Quantum Computing Inc. (Nasdaq: QUBT) has seen some volatility since it released its first-quarter 2025 earnings report last Thursday. The company swung to a profit, reporting net income of $17 million, versus a net loss of $6.4 million last year. Shares surged double digits on Friday after the report, but then fell more than 8% on Monday, possibly due to some profit taking from investors who wanted to lock in their gains. Now, in premarket trading on Tuesday, QUBT is back on the rise again, with the stock up almost 9% as of this writing. Who can keep up? Rigetti Computing Inc: Along for the ride? Shares in Rigetti Computing (Nasdaq: RGTI) were also on the rise in premarket trading Tuesday, up nearly 6% as of this writing. The Berkeley-based company has not announced any news this morning that would impact the share price, so it's possible that investors are just showing a bit more excitement for the quantum computing space. Experts believe the space has the potential to transform computing as we know it, although debates persist about how far we are from widespread practical uses for quantum computing. It's worth noting that while all three of the above quantum computing companies are enjoying a rally this week, shares in Quantum Computing Inc. and Rigetti are both down significantly year to date: 36.94% and 39.75% respectively. Only time will tell if these three stocks will continue on their upward path this week and into the future. For now, enjoy the quantum leap.
Yahoo
15-05-2025
- Business
- Yahoo
SignalRank Marks Two-Year Milestone with Strong Performance, Announces v4 of Investment Selection Model
PALO ALTO, Calif., May 15, 2025 /PRNewswire/ -- SignalRank, the Palo Alto-based technology-driven venture investment platform, today announced several key milestones, including: Two years of performance data for The SignalRank Index Launch of Version 4 (v4) of its investment selection model Availability of the SignalRank Index to accredited U.S. investors and overseas equivalents 35 Series B investments completed in 24 months Since making its first Series B investment in May 2023, SignalRank has emerged as the world's second most active Series B investor—trailing only Andreessen Horowitz in completed deals. SignalRank has participated in 35 financings alongside leading firms such as Sequoia Capital, General Catalyst, Lightspeed, Khosla Ventures, Accel, Founders Fund, and Kleiner Perkins. The SignalRank Index—a first-of-its-kind venture capital index—offers qualified investors access to a diversified portfolio of high-growth AI and technology companies. Notable Index constituents include Mercor, Saronic, Chainguard, and Together AI. Shares of the Index are priced daily and are available for purchase by accredited investors and equivalent entities outside the United States. The company ultimately aims to list the Index, expanding access to retail investors and wealth managers. Early Performance While venture investing requires a long-term view, preliminary results are promising. As of May 2025, the SignalRank Index reports: 2023 cohort: 1.26x multiple on invested capital (MOIC) 2024 cohort: 1.2x MOIC These early returns place the Index in the top decile of performance among comparable venture investments. "We're encouraged by the growth of our partner network—now nearing 300 early-stage firms," said Rob Hodgkinson, Head of Investments at SignalRank. "The quality of both deal selection and access continues to improve, helping us deliver a compelling investment product while supporting our partners at a critical stage of company growth" Details are available in the SignalRank Index Two-Year Briefing Report. Launch of v4: Ensemble-Based Investment Selection Model SignalRank also announced the release of v4, its most advanced company selection model to date. The v4 model combines heuristic and machine learning techniques in an ensemble architecture to identify high-potential Series B investments. Backtesting indicates that v4 can: Reject up to 87% of Series B opportunities as unlikely to perform Generate a projected average 6x return over five years for annual investment cohorts Keith Teare, CEO and CTO, said: "This is the first time we've blended heuristics with machine learning into a true ensemble model. The backtest shows performance that exceeds that of any known Series B investor over a five-year horizon. For our partners, it's a decision support engine; for Index investors, it signals potential returns far ahead of public market benchmarks." The full v4 Technical Report is available here: v4 detailed report. About SignalRank Founded in 2021, SignalRank Inc. is a C Corporation headquartered in Palo Alto, CA. The company has developed proprietary algorithms to select high-potential companies for Series B investment and partners with nearly 300 early-stage investors to provide follow-on capital to their most promising portfolio companies. Its flagship product, The SignalRank Index, is available to qualified purchasers at a publicly quoted share price. Notable investors in SignalRank include: Lip-Bu Tan (CEO, Intel) Tim Draper (Draper Associates) Blake Grossman (former Vice Chair, BlackRock and iShares CEO) Garry Tan (CEO, Y Combinator) Sanjay Jha (former CEO, GlobalFoundries) Vint Cerf (VP, Google and TCP/IP co-inventor) Ray Lane (former Oracle President and Kleiner Perkins partner) Important Disclaimer This release is for informational purposes only and does not constitute investment advice or an offer or solicitation to buy or sell any security or financial product. A back test is not the same as a promise of market performance and cannot be relied upon for that. Please consult your advisors to consider an investment. Investments in early-stage companies are risky and should be made only by accredited investors after seeking independent professional advice. Any future plans of the Company depends on the satisfaction of a variety of conditions, including, but not limited to, market conditions, regulatory approvals, and the company's performance at the time. Past performance—including actual or backtested—is not indicative of future results. Signal Rank Corp. is not a registered investment company or advisor under the Investment Company Act of 1940. Our algorithm identifies potential Series B investment opportunities based on historical data which may or may not be complete and does not guarantee any future results. Our portfolio companies are generally private, which means that they do not trade like public securities and may be illiquid and difficult to sell, rending our own securities illiquid and difficult to sell as well. Our securities might be sold at a discount due to their illiquid nature, causing all or part of investments to be lost. Contact: CEOKeith TeareSignalrankpress@ Logo - View original content to download multimedia: SOURCE SignalRank Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
