Major Funding Rounds Shake Up Tech and Finance Sectors as AI and Blockchain Lead the Way

AI startup Modular has secured a landmark funding round of $250 million, achieving a valuation of $1.6 billion ^[1]. The company's success comes at a time when MIT research indicates only 5% of AI projects succeed, making this achievement particularly noteworthy ^[2].

In the blockchain space, Fnality has raised $136 million in a funding round backed by major financial institutions including Bank of America and Citi ^[3]. Meanwhile, stablecoin infrastructure provider Bastion has secured $14.6 million in funding from prominent tech companies including Coinbase, Sony, and Samsung ^[4].

The space sector has also seen significant investment activity, with Aerospacelab closing an extended Series B funding round of $110 million to advance its satellite constellation ambitions ^[5]. In parallel, financial services giant Stripe is reportedly in discussions to execute a share repurchase from venture capital investors at a valuation of $106.7 billion ^[6].

A significant development in international investment sees U.S. and Indian venture capital and private equity firms forming a coalition to support India's deep tech startups, with $1 billion in committed backing ^[7]. This move signals growing confidence in India's technology ecosystem and potential for innovation.

1. AI startup Modular raises $250 million, seeks to challenge Nvidia dominance
2. Only 5% Of AI Projects Succeed: 5 Unicorn Lessons For Entrepreneurs
3. Fnality Raises $136M to Expand Blockchain Payment Systems for Banks
4. Coinbase, Sony and Samsung back $14.6M round for stablecoin startup
5. Aerospacelab Secures Galactic-Sized Funding: $110M Boosts Bid For Europe's New Satellite Constellation
6. Stripe said to consider $106.7B share repurchase
7. https://techpinions.com/india-deep-tech-alliance-secures-1-billion-backing-from-global-investors