Mainframe modernization startup Mechanical Orchard closes $24m funding round
Funding round saw company valued at $95 million
Funding round saw company valued at $95 million
Second site expected to be operational by the end of 2027
The cash is split across two funds
Business unit posted sales of $2.28bn in the last three months
Partnership forms part of Singtel’s commitment to Singapore’s National AI Strategy 2.0
Acquired division comes from wireless technology company
System expected to be operational by 2028
The new node will be developed by Intel Foundry Services at its Arizona site
Chip startup is seeking a valuation north of $4bn
Altman reportedly first floated the idea before he was ousted and reinstated as CEO in 2023
Will help support watsonx Code Assistant for Z
Funding round follows a grant awarded by the EIC Accelerator
Brings company’s funding total to $625m
The two companies have been working together since 2017
Infosys described the deal as a “strategic investment”
The cash and stock deal is reportedly worth $75m
Deal will see Quantinuum install H1-Series ion trap quantum computer at Japanese research lab
The value of the investment has not been disclosed
Second time the chipmaker has undertaken such a sale
The company has secured $3.2bn in funding from the Israeli government
The investment is part of a wider $100m state funding package from the Arizona Commerce Authority
The company will invest $280m in the project
New industry minister says he wants to expand on work of predecessor
After its most recent funding round, the company is worth $1.2 billion