RELAY RAISES $50M FOR SMALL BUSINESS BANKING
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Relay, a banking and money management platform for small businesses, secured $50 million in new funding. The round brings the company's total raised to approximately $101.5 million.
■ MORE FROM THE STARTUPS DESK
Physical AI robotics startup Generalist has reached a $3 billion valuation following a $200 million funding extension, just months after crossing the $2 billion mark.
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.