FLEX RAISES $70M AT $1.2B VALUATION
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Flex, an AI-powered fintech platform serving mid-sized companies, secured $70 million in Series B1 funding led by Halo Fund. The round values the company at $1.2 billion.
■ MORE FROM THE STARTUPS DESK
Stability AI, the company behind image generator Stable Diffusion, has secured $76 million in fresh funding. The raise brings the startup's total capital raised to $232 million.
South Korean AI services platform Wrtn Technologies closed a Series C round of approximately $72.2 million at a $722 million valuation. The funding brings the company's total capital raised to roughly $166 million.
Stability AI closed a $76 million Series B funding round led by Universal Music Group, Warner Music Group, Electronic Arts, and Sony Music. The round reflects growing industry interest in AI models trained on licensed creative content.
Gamma has acquired Lica, an Accel-backed design startup. The Lica co-founders will join Gamma's newly formed research team.