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WP Engine raises $250 million

Austin-based WordPress hosting and experience Platform WP Engine has raised $250 million from Silver Lake. As part of the transaction, Greg Mondre, managing partner of Silver Lake, and Lee Wittlinger and Mark Gillett, managing directors of Silver Lake, will join WP Engine’s board of directors.

Founded in 2010, WP Engine is headquartered in Austin, Texas, and has offices in San Francisco, California; San Antonio, Texas; London, England; Limerick, Ireland, and Brisbane, Australia. The company has raised $290 million in funding to date.

[Image courtesy: WP Engine]

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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.

Blaize raises $106M

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

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

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.