BenchSci raises $70 million to accelerate drug discovery using artificial intelligence

Toronto artificial intelligence startup BenchSci has raised C$95 million, or $70 million, in funding to help scientists discover new drugs faster. BenchSci, officially Scinapsis Analytics Inc., announced Series D round on Thursday. It detailed that Generation Investment Management was the lead investor. Returning backers iNovia Capital, TCV, Golden Ventures and F-Prime Capital also participated, bringing … Read more

Nvidia chips fuel new supercomputing and quantum initiatives

Nvidia Corp. today detailed three initiatives in which researchers will use its chips to support scientific discoveries. In one initiative, the University of Bristol will deploy a supercomputer powered by Nvidia’s Grace CPU Superchip processors. The other two projects focus on quantum computing. The chipmaker detailed all three projects at the ISC 2023 conference in … Read more

Shopping startup Zip secures $100M funding round

Zip, a startup with a cloud-based shopping platform of the same name, today announced that secured $100 million in new financing. The Series C round included investments from Y Combinator, CRV and Tiger Global. Zip is valued at $1.5 billion. That’s more than a $1.2 billion startup got following a $43 million Series B round … Read more

Push Security raises $15 million to secure companies’ cloud applications

Push Security Ltd., which helps companies secure their software-as-a-service applications, has raised a $15 million funding round to support its growth. It was the Serie A stage announced today. Alphabet Inc.’s GV Venture Capital led the investment, according to Push Security. GV was joined by Decibel and several angel investors, including the co-founders of Duo … Read more

AWS makes its Amazon VPC Lattice networking service generally available

Amazon Web Services Inc. today announced General availability of Amazon VPC Lattice, a service that helps companies manage network traffic in their cloud environments. Many enterprise applications implement a so-called microservices architecture. A microservices-based application is not a single application, but a collection of several independent software modules. These modules are connected to each other … Read more

UK drops antitrust probe into Microsoft’s Activision Blizzard purchase

Britain’s antitrust regulator will narrow its investigation into Microsoft Corp.’s plan to buy Activision Blizzard Inc. for $68.7 billion. The Competition and Markets Authority or CMA, discovered development today. Microsoft announced Planned to acquire Activision Blizzard early last year. If approved, the deal would establish the tech giant as the world’s third-largest video game developer … Read more