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Aaru, a startup that provides near-instant customer research by using AI to simulate user behavior, has raised a Series A led by Redpoint Ventures, according to three people familiar with the deal. The funding round included different valuation tiers, these people said. Although some equity was acquired at a $1 billion valuation, a lower valuation … Read more
Synthetic fertilizer is a modern wonder, helping to feed billions of people, but it’s not without its costs. Fertilizer runoff from farm fields has led to dead zones in oceans around the world, where low oxygen levels have starved normally teeming coastal waters of life itself. Eliminating synthetic fertilizers is a tall order, but one … Read more
The largest U.S. manufacturer of tires for car companies will sell the majority of its Goodyear Chemical arm to private equity firm Gemspring Capital in a deal expected to be finalized late this year. The $650 million in gross proceeds comes on top of the $1.6 billion it achieved from the sale of two other … Read more
Police in Vietnam busted the country’s biggest synthetic drug factory, seizing 1.4 tons of ketamine in the coastal tourist city of Nha Trang, the government said. A six-month operation to uncover the drug ring culminated last Saturday when 200 officers raided three linked facilities in the southern city and arrested 11 people, including a Taiwanese … Read more
Nvidia has acquired synthetic data firm Gretel for nine figures, according to two people with direct knowledge of the deal. The acquisition price exceeds Gretel’s most recent valuation of $320 million, the sources say, though the exact terms of the purchase remain unknown. Gretel and its team of approximately 80 employees will be folded into … Read more
Nvidia has reportedly acquired Gretel, a San Diego-based startup that’s developed a platform to generate synthetic AI training data. Terms of the acquisition are unknown. The price tag was said to be nine figures, exceeding Gretel’s most recent valuation of $320 million, according to Wired. Gretel and its team of roughly 80 employees will be folded … Read more
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