Baidu Ventures strengthening partnership with Comet Labs; gets new CEO

Baidu Ventures is strengthening their partnership with Comet Labs both in the United States and in China. The independent investment arm of the Chinese technology conglomerate Baidu has hired Comet Labs’ co-founder Liu Wei as its new CEO.

As the new CEO of Baidu Ventures, Ms. Wei will be leading investments and strategic partnerships for the firm with a strong focus on artificial intelligence technologies. Baidu Ventures says it has committed resources and talent to enhance Comet Labs’ industry-focused accelerator programs, beginning with the Transportation Lab that was recently opened for startup applications.

[Image courtesy: Comet Labs]


Just in

Amazon to invest up to $4B in Anthropic

Amazon will invest up to $4 billion in Anthropic, and will acquire a minority ownership stake in the company. The two companies also announced a strategic agreement aimed at the development of generative artificial intelligence (AI) models.  

Mesh raises $22M

San Francisco, CA-based Mesh, a company working on simplifying digital asset transfers, crypto payments, and account aggregation, has raised $22 million in a Series A funding round.

Cisco to acquire Splunk for $28B

Cisco and Splunk have announced an agreement where Cisco will acquire Splunk for $157 per share in cash, summing up to approximately $28 billion in equity value.

DynamoFL raises $15.1M

San Francisco, CA-based DynamoFL, has raised $15.1 million in a Series A funding round.