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Top related persons:
Yuri Milner's - 3 Alphabet's - 2 Christian Kleinerman - 2 Databricks - 2 Dani Yogatama - 2 Yogatama - 2 Rob Toews - 2 Krystal Hu - 2
Top related locs:
Reka Toronto Paris Japan Asia Pacific khays@businessinsider.com Snowflake
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Yuri Milner's DST - 2 Nvidia - 2 Radical Ventures - 2 Thomson - 2 Business - 1 Gas - 1 Accel - 1 Global Partners - 1

Search resuls for: "Yuri Milner's DST"


3 mentions found


☆ BeReal weighs an uncertain Series C or acquisition as growth stalls and funding is set to run out later this year, insiders say
  + stars: | 2024-03-14 | by ( Kali Hays | Callum Burroughs | ) www.businessinsider.com   time to read: +5 min
The company is considering raising a Series C before what's left of its $90 million in funding runs out. BeReal closed a $60 million Series B funding round at an around $600 million valuation in late 2022, following a $30 million Series A earlier the same year. Sooner than later, BeReal leadership will be forced to choose between raising another round and maintaining its independence or selling itself outright, running the risk of disappearing. Company leadership holds an all-hands every quarter after they meet with the company's board, which includes investors. As for the possibility of an acquisition, BeReal leadership has told employees there are "offers" that have been made, without giving any specifics.
Persons: Alexis Barreyat, what's, BeReal, Yuri Milner's, Andreessen Horowitz, Barreyat, Romain Salzman, Kali Hays, Callum Burroughs cburroughs@businessinsider.com Organizations: Business, Gas, Yuri Milner's DST, Accel Locations: Paris, Japan, Asia, Pacific, khays@businessinsider.com
☆ AI model startup Reka raises $50 mln led by DST Global Partners
  + stars: | 2023-06-27 | by ( Krystal Hu | Thomson Reuters | Krystal Reports On Venture Capital | ) www.reuters.com   time to read: +2 min
June 27 (Reuters) - Reka, an AI model startup founded by former researchers from Alphabet's DeepMind (GOOGL.O), has raised $50 million in a fresh round of funding from investors including Yuri Milner's DST Global Partners and Snowflake (SNOW.N), the companies told Reuters. Reka focuses on building large and specialized AI models for enterprise customers. Snowflake, which invested in the company, also announced a partnership to allow users to run third-party model providers like Reka within their Snowflake account. The partnerships came as Snowflake competitor Databricks acquired AI model training company MosacicML in a $1.3 billion deal on Monday. Yogatama said Reka has built both large models and proprietary model distillation technology to personalize models for specific use cases.
Persons: Alphabet's, Yuri Milner's, Christian Kleinerman, Databricks, Dani Yogatama, Yogatama, Rob Toews, Krystal Hu, Mark Potter, Anna Driver Organizations: Global Partners, Reuters, Nvidia, Radical Ventures, Thomson Locations: Snowflake, Reka, Toronto
☆ AI model startup Reka raises $50 mln led by DST Global
  + stars: | 2023-06-27 | by ( Krystal Hu | Thomson Reuters | Krystal Reports On Venture Capital | ) www.reuters.com   time to read: +2 min
June 27 (Reuters) - Reka, an AI model startup founded by former researchers from Alphabet's DeepMind (GOOGL.O), has raised $50 million in a fresh round of funding from investors including Yuri Milner's DST Global and Snowflake (SNOW.N), the companies told Reuters. Reka focuses on building large and specialized AI models for enterprise customers. Snowflake, which invested in the company, also announced a partnership to allow users to run third-party model providers like Reka within their Snowflake account. The partnerships came as Snowflake competitor Databricks acquired AI model training company MosacicML in a $1.3 billion deal on Monday. Yogatama said Reka differentiated by building both large models and proprietary model distillation technology to downsize models for specific use cases.
Persons: Alphabet's, Yuri Milner's, Christian Kleinerman, Databricks, Dani Yogatama, Yogatama, Rob Toews, Krystal Hu, Mark Potter Organizations: Yuri Milner's DST, Reuters, Nvidia, Radical Ventures, Thomson Locations: Reka, Toronto
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