Ex-Twitter Executive Steers AI Startup Abnormal Security To $5B Valuation In Latest Funding Round: Report
Portfolio Pulse from Benzinga Neuro
Abnormal Security, an AI-powered cybersecurity startup, is set to be valued at $5 billion in its latest funding round, led by Insight Partners. The company, founded by ex-Twitter executive Evan Reiser, has seen a significant increase in valuation from $4 billion in 2022. The AI sector continues to attract substantial investments, with companies like Microsoft and Nvidia backing various AI initiatives.
July 03, 2024 | 5:22 am
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Microsoft continues to back AI startups, highlighting its commitment to AI advancements. This trend underscores Microsoft's strategic focus on AI, which could positively impact its stock.
Microsoft's involvement in funding AI startups like Touchcast Inc. indicates its strategic focus on AI, which is likely to enhance its market position and investor confidence.
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Nvidia's partner Lambda Labs is in talks to raise $800 million to expand AI infrastructure, reflecting the growing demand for AI computing power. This could positively impact Nvidia's stock.
Nvidia's association with Lambda Labs and the latter's efforts to expand AI infrastructure underscore the increasing demand for AI computing power, which is beneficial for Nvidia's business.
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