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Korea Telecom To Invest $10 Million In Ustream JV

Ustream has reached an agreement with Korea Telecom to launch Ustream Korea as part of the company’s joint venture for Ustream Asia with Softbank in Japan. Korea Telecom will also invest an additional $10 million into the company.

Ustream has previously raised venture capital from SoftBank Group, DCM, Western Technology Investment, Band of Angels Fund, and Infinity Venture Partners.

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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.