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FedML raises $11.5M

Sunnyvale, Calif,-based FedML has closed $11.5 million in seed funding. The round includes $4.3 million in a first tranche in March, plus $7.2 million in a second tranche that closed earlier this month.

The seed round was led by Camford Capital, along with additional investors Road Capital, Finality Capital Partners, PrimeSet, AimTop Ventures, Sparkle Ventures, Robot Ventures, Wisemont Capital, LDV Partners, Modular Capital and University of Southern California (USC).

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Island raises $175M

Dallas, Texas-based enterprise browser company Island raised $175 million in Series D funding, raising the company's valuation to $3 billion.

Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison — Gizmodo

Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, writes Maxwell Zeff in Gizmodo.