TechTaffy

tech:

taffy

T-Venture Invests $7.5M In Pinger

By TechTaffy Desk

[Techtaffy Newsdesk]

Pinger has closed a new round of venture capital financing from T-Venture, the venture capital arm of Deutsche Telekom. In conjunction with the $7.5 million investment, Bernhard Gold, investment director at T-Venture, has joined Pinger’s board of directors. The new investment will be instrumental in fueling Pinger’s international growth.

Pinger’s mission is to build the first free global communications network. According to comScore, Pinger’s US communication products are installed in 23% of iOS devices, putting Pinger among the top 5 most installed apps on iOS. The T-Venture investment will provide capital to accelerate Pinger’s penetration on other key platforms and around the world, says the company.

Previous investors in Pinger include Kleiner Perkins Caulfield & Byers and DAG Ventures.

Just in

AI

DHS establishes AI safety and security board

The Department of Homeland Security (DHS) has established an Artificial Intelligence Safety and Security Board (the board). The inaugural members include CEOs and executives from companies like OpenAI, Anthropic, Delta Air Lines, IBM, Nvidia, Microsoft, Adobe, Amazon Web Services, Advanced Micro Devices (AMD), and Cisco.
IT

Cloudflare acquires Baselime

Cloudflare has acquired Baselime, a cloud-native observability platform provider. Financial terms of the deal were not disclosed.
Fundings

Blaize raises $106M

El Dorado Hills, CA-based AI computing company Blaize has raised $106 million.
Fundings

Rivos raises $250M

Santa Clara, Calif.-based Rivos, a RISC-V accelerated platform company focusing on data analytics and Generative AI, has raised $250 million in its Series A-3 funding round
Industry

IBM, Canada, and Quebec invest $137M to strengthen semiconductor industry

IBM, the Government of Canada, and the Government of Quebec announced agreements to develop the assembly, testing and packaging capabilities for semiconductor modules at IBM Canada's plant in Bromont, Quebec.