GIC
GIC is a sovereign wealth fund managed by the Government of Singapore to manage Singapore's foreign reserves.
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Jeeves Completes $110 Million Equity Financing to Accelerate Expansion of Stablecoin Banking Services
Jeeves has announced the completion of a $110 million equity financing round. The round was led by CoinFund, with participation from Andreessen Horowitz (a16z), Coinbase Ventures, AllianceBernstein, the Singapore Government Investment Corporation (GIC), and Y Combinator.
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AI startup Temporal completes $550 million in funding, reaching a valuation of $12.55 billion.
According to Reuters, AI startup Temporal announced the completion of a $550 million late-stage funding round, more than doubling its valuation to $12.55 billion over seven months. The round was led by Lightspeed Venture Partners, with Wellington Management, Growth Equity under Goldman Sachs Alternatives, and Tiger Global participating as co-leads. SV Angel and T. Rowe Price Associates advisory accounts also participated, while existing investors Andreessen Horowitz (a16z), Sequoia Capital, and GIC continued their investment. The funds will be used to expand global operations and advance platform R&D. Founded in 2019, Temporal develops open-source software that helps applications, including AI agents, recover from failures, reducing the need for engineers to write custom recovery code. Its customers include OpenAI, Snap, Nvidia, Netflix, and JPMorgan Chase. The company employs 570 staff members and maintains an annualized revenue run rate of over $250 million, representing more than double year-over-year growth. In February this year, the company completed a round led by a16z at a $5 billion valuation
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Temporal
Temporal
Temasek plans to invest in Samsung Electronics and SK Hynix
According to informed sources, Singapore sovereign wealth fund Temasek plans to invest in Samsung Electronics and SK Hynix, and has already contacted the South Korean government to discuss investment timing.
Anthropic 联手麦格理与新加坡 GIC，成立合资公司 Theseus Infrastructure 建设 AI 数据中心
According to The Straits Times, Anthropic, Macquarie Asset Management, and Singapore sovereign wealth fund GIC announced on August 10 the establishment of the joint venture entity Theseus Infrastructure, initially focusing on the US market and specifically dedicated to developing AI compute infrastructure. The division of labor among the three parties is clear: Macquarie and GIC are responsible for providing most of the equity funding for each project, while Anthropic has committed to covering the costs of consumer electricity price increases resulting from data center operations. Currently, none of the parties have disclosed the specific investment scale.
August