#250m

MINNEAPOLIS — Authorities say a Minnesota man charged with helping to orchestrate a $250 million fraud scheme has been taken into custody in Somalia. Abdikerm Abdelahi Eidleh, 42, of Burnsville, Minnesota, was taken into custody Thursday in Mogadishu, U.S. Attorney Daniel Rosen said in a news release. Court documents do not show if Eidleh has obtained an attorney, and he has not yet had an…

Key Takeaways: Gigascale Secures $250M for Climate Tech: Led by former Meta CTO Mike Schroepfer, Gigascale has closed its second fund, aiming to invest $250 million into startups “rebuilding the physical economy,” specifically focusing on energy, grid infrastructure, and critical minerals. Contrarian Bet on Climate Tech: The firm is doubling down on climate tech, a sector that has faced recent…

In a significant move underscoring the enduring demand for robust e-commerce infrastructure, logistics innovator Stord has successfully closed a **$250 million funding round**, catapulting its valuation to an impressive **$3 billion**. This latest injection of capital not only doubles its valuation from just a year prior but also solidifies its position as a key player in the increasingly…

NEW YORK — Former housing secretary Julián Castro sees at least one constant throughout the next decade. That’s the need to build lasting philanthropic support for U.S. Latinos — who are among the country’s fastest-growing racial or ethnic groups and who he sees facing a “five-alarm fire” with rollbacks to education, business and immigration opportunities. So, the one-time presidential hopeful is…

Rivian has agreed to pay $250 million to settle a class-action shareholder lawsuit filed after the corporate all of a sudden hiked costs on its R1 pickup truck and SUV in 2022. The lawsuit alleged Rivian had included deceptive statements and figures in regulatory filings within the run-up to its 2021 IPO concerning the prices required to construct the R1 EVs. Regardless of agreeing to the fee,…

Sesame, a conversational AI startup and smart glasses maker, has raised a $250 million Series B round and is opening up its beta to a select group of testers, the company announced Tuesday. The startup, headed by former Oculus co-founder and CEO Brendan Iribe and Ankit Kumar, former CTO of AR startup Ubiquity6, is working to create a personal AI agent that interacts with users using a…

Sesame, a conversational AI startup and sensible glasses maker, has raised a $250 million Collection B spherical and is opening up its beta to a choose group of testers, the corporate introduced Tuesday. The startup, headed by former Oculus co-founder and CEO Brendan Iribe and Ankit Kumar, former CTO of AR startup Ubiquity6, is working to create a private AI agent that interacts with customers…

Arthur Hayes, co-founder of BitMEX and a prominent figure in the bitcoin world, is reportedly preparing for a high-profile return to the sector.  His family office, Maelstrom, is seeking to raise at least $250 million for its debut private equity fund, Maelstrom Equity Fund I, which hopes to acquire four to six medium-sized companies in the crypto space, according to Bloomberg reporting. Each…