tech:

taffy

Pano AI raises $17M

San Francisco, Calif.-based Pano AI, a company that offers a managed solution for active wildfire detection with a connected, intelligent platform for fire professionals using artificial intelligence, has raised $17 million. The investment was led by Valor Equity Partners.

Existing investors Initialized Capital, Congruent Ventures, Convective Capital, January Ventures, Kevin Mahaffey, and Jade Van Doren also invested in Pano AI’s latest funding round, along with Salesforce Ventures, T-Mobile Ventures, and the 5G Open Innovation Lab.

In another development, Pano AI  has appointed Ryan White, who formerly led machine learning teams at Amazon and Meta, as the company’s new VP of Engineering.

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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.