COSIMO Ventures has changed its name to COSIMO digital and raised $12 million in a new round of strategic financing.
Targets will be targeted by the round led by Des Mac Intyre. He is a former Bridgewater executive. “strategic partners for expansion and growth in this rapidly developing market.”
COSIMO’s rebranding will see the company consolidate into one brand. According to a company press release “offers a full suite of services, including investment funds, custody services, advisory, broker-dealer services, Web3 and blockchain development.”
“Now was the right time to bring it all under one unified visionary identity,” managing partner Ciaran Hynes said.
COSIMO Rob Frasca has added. “Our comprehensive approach to digital asset management positions us as leaders in the tokenization and blockchain markets, paving the way for institutional and individual investors to capitalize on this transformative technology.”
Hyperbolic is next, having announced earlier in the week a Series A of $12 million.
Hyperbolic has now raised $20 million in total, thanks to the round led by Polychain Capital and Variant Fund.
The CEO Jasper Zhang announced the funding round in a blog posting. He said the firm will be using the money to build an “AI rainforest” It is an artificial intelligence ecosystem that works in a symbiotic way.
“I want [researchers and developers] to build their dreams on our infrastructure — services that are accessible, verifiable and ready to grow alongside them. It’s about building a fertile ground where ideas can take root, flourish and then spread to benefit everyone,” He has written.
You can read more in our opinions section. Big Tech won’t be able to own AI in the future, if first we decentralize.
He said that the increase will enable his firm to find more customers. “clearer direction and more confident stride” It is a move away from the term “scrappy” As it was before
Another notable news about funding
- Moonray has announced an investment round of $10 million. Republic Crypto, Animoca Brands and other participants were involved.
- TON Ventures was awarded $5 million by OKX Ventures.
- Yei Finance has announced that it will be leading a seed round of $2 million led by Manifold.
- Crypto.com has acquired Orion Principals Limited.
- Lava has raised a series A, led by Funders Funds and Khosla Ventures.
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