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EvolutionaryScale Secures $142M to Train AI on 2.8B Protein Sequences
EvolutionaryScale has closed a $142 million seed round to advance ESM3, an AI model trained on billions of biological data points. The deal highlights the surging valuation of proprietary scientific datasets in the race for generative drug discovery.
Read the briefing →Formation Bio Secures $372M Series D for AI-Data Drug Discovery
Formation Bio has closed a $372 million Series D round to expand its AI-native clinical trial platform. The funding, backed by Andreessen Horowitz and Sanofi, targets the acquisition of pharma data assets to streamline drug discovery.
Read the briefing →RIAA Sues Suno and Udio for $150,000 Per Song Over Data Scraping
Major record labels have filed a landmark lawsuit against AI music generators Suno and Udio, alleging the unlicensed use of copyrighted recordings. The legal action seeks statutory damages of up to $150,000 per infringed work, potentially totaling billions in liabilities.
Read the briefing →Scale AI Secures $1B Series F to Scale Data Engine for Frontier Models
Scale AI has closed a $1 billion Series F round to expand its data-centric infrastructure, valuing the company at $13.8 billion. The capital injection targets the growing 'data wall' facing LLM developers who require high-fidelity, human-annotated datasets.
Read the briefing →e& and AWS Strike $1.4B Strategic Cloud and AI Data Pact
e& has signed a $1.4 billion agreement with AWS to accelerate cloud and AI data sovereignty in the Middle East. The 10-year deal underscores the rising valuation of localized data infrastructure and sovereign AI assets.
Read the briefing →Scale AI Secures Disclosed $1B Series F at $13.8B Valuation
Scale AI has closed a disclosed $1 billion Series F funding round, valuing the data-labeling leader at $13.8 billion. This capital injection underscores the critical role of high-quality human-annotated datasets as the primary bottleneck in frontier model development.
Read the briefing →Scale AI Secures $1B Series F at $13.8B Valuation
Scale AI has closed a $1 billion Series F funding round, valuing the data-labeling leader at $13.8 billion. The capital will accelerate the production of high-quality frontier data for generative AI.
Read the briefing →AWS and e& Group Ink $5B Strategic AI and Data Partnership
Amazon Web Services and e& Group have finalized a $5 billion strategic agreement to establish sovereign data infrastructure. The deal focuses on localized data assets to power the next generation of Middle Eastern enterprise AI.
Read the briefing →e& and AWS Strike $1B Sovereign AI Data Infrastructure Pact
Abu Dhabi-based e& has finalized a disclosed $1 billion strategic agreement with AWS to anchor the Middle East’s AI data infrastructure. The deal underscores a global shift toward sovereign data assets, mirrored by Helsing’s €450 million defense AI round.
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