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Bloomberg Philanthropies Deploys $260 Million to Expand Global Ocean Protection
Bloomberg Philanthropies is committing $260 million to expand its global ocean conservation work as countries move toward the goal of protecting 30% of the world's oceans by 2030. The funding will help establish the first marine protected areas under the High Seas Treaty while strengthening fisheries transparency, coral reef protection, and community-led conservation efforts. The commitment brings Bloomberg Philanthropies' total ocean conservation investment to $635 million...
Markets & Trends
Mercury Raises $200M Series D at $5.2B Valuation as Startup Applications...
Mercury has raised $200 million in Series D funding at a $5.2 billion valuation as it pursues a national bank charter and expands its AI-powered financial tools for entrepreneurs. The digital banking platform has been profitable for four consecutive years and now serves more than 300,000 customers across startups, e-commerce, professional services, and other digitally native businesses...
Strategy
Indian Payment Fintech Razorpay Confidentially Files for $600 Million IPO
Razorpay recently filed confidentially for a $600 million initial public offering, aiming to make its stock market debut by the end of the year. As first reported by Reuters, the Indian payments startup later confirmed the filing directly to PYMNTS but declined to disclose its targeted valuation. The public market push follows a 2021 funding round that valued Razorpay at roughly $7.5 billion after it raised $375 million...
Capital & Transactions
Former Infosys CEO Launches AI Startup to Disrupt IT Services Market
Former Infosys CEO Vishal Sikka has launched Hang Ten Systems, an AI-native services startup built to challenge the traditional IT outsourcing model. The Bay Area company is already delivering AI-driven enterprise projects for clients including Siemens Gamesa Renewable Energy and Fresenius. Yahoo co-founder Jerry Yang has joined the company's board as Hang Ten begins hiring across engineering, delivery, and sales...
Health & Wellness
Assort Health Secures $120 Million to Scale Healthcare AI Platforms
Assort Health recently raised $120 million in a Series C funding round led by Menlo Ventures, propelling the healthcare AI startup to a $1.2 billion valuation. The latest injection brings the company's total funding to more than $222 million. Existing investors including Lightspeed Venture Partners, Felicis, First Round Capital, Chemistry, Joe Montana, Tau Ventures, and Quiet Capital also participated in the round, which places Menlo Ventures partner JP Sanday on Assort's board...
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The Top 50 Generative AI Entrepreneurs of 2025
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The Top 50 Software Entrepreneurs of 2024
Great Entrepreneurs is pleased to announce The Top 50 Software Entrepreneurs of 2024. The software industry is at the forefront of transforming how businesses and individuals interact with technology...
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