Backpack Exchange, the crypto trading platform founded by former FTX and Alameda leaders, is reportedly in talks to raise around $50 million in new financing at a pre-money valuation above $1 billion. If completed, the round would cement Backpack’s position…

Tem has built a transaction engine that relies on AI to cut costs. Lightspeed led the round to help the startup expand to the U.S. and Australia.

The company raised $13 billion in equity funding just five months ago, but intense competition between frontier labs and the ongoing cost of compute have made them eager to raise as quickly as possible.

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Benchmark Capital has been an investor in the Nvidia rival since 2016.

Having raised a €30 million Series A round led by CapitalG, business identity verification startup Duna is now among the most well-capitalized European startups founded by Stripe alumni.