General Proximity De-Stealths with $16M to Pioneer Next-Gen Induced Proximity Medicines for ‘Undruggable’ Targets

The company will use the capital to accelerate the development of treatments targeting undruggable proteins associated with cancer, cardiometabolic disease, neurodegeneration, and longevity

  • General Proximity’s proprietary OmniTAC platform enables the precise and selective modification of disease-driving proteins, creating therapeutic opportunities for traditionally undruggable targets.
  • General Proximity’s $8M seed round was led by Aydin Senkut at Felicis.
  • Pre-seed funding was led by Y Combinator and Jim Dahl (Rock Creek).
  • General Proximity is also funded by a number of top technical investors such as age1, Modi Ventures, and Wilson Sonsini with non-dilutive grants from prestigious institutions such as ARPA-H and the NIH’s National Cancer Institute.
  • The company’s first wave of drug candidates are focused on oncology, cardiometabolic disease, neurodegenerative diseases, and longevity, areas where unmet medical needs are profound.
  • With a potential addressable market exceeding $250 billion/year, General Proximity aims to create a new paradigm in therapeutic discovery.

SAN FRANCISCO, Jan. 3, 2025General Proximity, a breakthrough biotech platform company, today announced its emergence from stealth, unveiling its proprietary OmniTAC platform designed to pioneer the next generation of induced proximity medicines. The company has raised $16 million to accelerate the development of treatments targeting undruggable proteins associated with cancer, cardiometabolic disease, neurodegeneration, and longevity.

“We believe proximity medicines are the future of small-molecule drug discovery and have the potential to lower global disease burden more than any other current therapeutic modality,” said Armand B. Cognetta III, PhD, Founder and CEO of General Proximity. “Biological proximity—the nearness or interaction of two or more (macro)molecules—is a master regulator of biology. By achieving precise control of proximity through our OmniTAC platform, we are able to modulate ‘undruggable’ targets more effectively than other approaches. Control of proximity equals control of biology.”

The oversubscribed seed round was led by Aydin Senkut, founder and managing partner at Felicis, a firm renowned for backing biotech trailblazers such as Recursion, Ginkgo Bioworks, and BioAge.

“It was clear from our first meeting with Armand that General Proximity is going to be one of the technologies that propels us towards cures for cancer and many other diseases,” said Senkut. “We quickly became convinced that their cutting-edge proximity approach would enable them to solve some of the most ambitious and consequential challenges in drug discovery, paving the way for a bold new era of human healthspan and longevity extension.”

Other notable investors include Y Combinator, age1, Modi Ventures, Wilson Sonsini, as well as a number of prestigious angel investors including Jeff Dean (Head of Google AI), Uri Lopatin (Khosla, YC, Pardes), Ben Mann (Co-Author GPT-3, Co-Founder Anthropic), Alec Nielsen (CEO Asimov), Trevor Martin (CEO Mammoth), Juan Benet (Founder Filecoin), Nish Bhat (Co-Founder Color Health), Jim Dahl (Rock Creek Capital), and De Thompson V (Legends Capital).

General Proximity is the brainchild of Armand, a veteran of renowned chemical biologist Benjamin Cravatt’s research group. The founding team behind General Proximity includes an array of top scientists from institutions such as Scripps Research Institute, the Broad Institute of Harvard/MIT, Yale, Oxford, Cambridge, UPenn, Johns Hopkins, Columbia, and UCSF, with deep experience from top pharmaceutical companies (Novartis, Merck, GSK, Genentech, Roche, and Alnylam), as well as multiple veterans from the labs of induced proximity pioneers Craig Crews and Amit Choudhary.

General Proximity has assembled a world-class Scientific & Strategic Advisory Board featuring key opinion leaders from top biotechnology and pharmaceutical companies such as Martin Babler (Genentech, Principia, Alumis), Lawrence Hamann (Bristol-Myers Squibb, Novartis, Celgene, Takeda, Interdict), and Andy Crew (Astellas, Arvinas, Siduma) alongside a number of academic experts in cancer biology and neurodegeneration.

In total, the team is responsible for hundreds of peer reviewed articles and patents and has been a driving force behind over 200 clinical programs and 36 FDA approved medicines.

The team has also attracted significant interest from the pharmaceutical industry, securing a record five ‘Golden Ticket’ awards from major pharma pitch competitions (AbbVie, Servier, Astellas, Ono, Bristol-Myers Squibb) and winning a coveted spot in Johnson & Johnson’s JLabs biotech incubator.

For more information about General Proximity and its innovative platform, please visit https://generalproximity.bio.

About General Proximity

General Proximity is a seed stage biotechnology platform company founded in 2019 to pioneer the next generation of induced proximity medicines for undruggable targets. Investors include Y Combinator, Felicis, age1, Wilson Sonsini, and Modi Ventures. General Proximity is headquartered in San Francisco, California.

About Felicis

Founded in 2006, Felicis is a venture capital firm investing in companies reinventing core markets, as well as those creating frontier technologies. Felicis focuses on early-stage investments and currently manages over $3B in capital across 9 funds. The firm is an early backer of more than 45 companies valued at $1B+. More than 100 of its portfolio companies have been acquired or gone public, including Adyen (IPO), Credit Karma (acq by Intuit), Cruise (acq by General Motors), Fitbit (IPO), Guardant Health (IPO), Meraki (acq by Cisco), Ring (acq by Amazon), and Shopify (IPO). The firm is based in Menlo Park and San Francisco in California. Learn more at felicis.com.

SOURCE General Proximity

XAgent AI Inc. Revolutionizes Procurement with Cutting-Edge Intelligent Bidding Technology

SAN JOSE, Calif., Jan. 3, 2025 — XAgent AI Inc., a leader in bidding and procurement innovation, announces the launch of its groundbreaking automated intelligent bidding platform. This innovative solution integrates three pioneering technologies: a Vertical LLM for Procurement, a Multi-Agent System for Bidding, and Big Data in Procurement. Together, these advancements redefine efficiency, accuracy, and strategic decision-making in procurement.

Revolutionary Technologies Driving the Platform

  • Vertical LLM for Procurement: XAgent’s proprietary language model, tailored exclusively for procurement, delivers enhanced semantic understanding and content generation for bidding documents, ensuring unmatched precision and speed.
  • Multi-Agent System for Bidding: This state-of-the-art system simulates multiple agents to coordinate complex bidding processes seamlessly, fostering collaboration and boosting accuracy.
  • Big Data in Procurement: Powered by the largest procurement big data system—capturing over 55,000 daily entries—XAgent provides users with actionable insights to drive smarter, more strategic bidding decisions.

Unmatched Credibility and Global Standards

XAgent’s excellence is validated by certifications from esteemed organizations, including the United Nations Global Marketplace (UNGM), World AI Organization, World Blockchain Organization, and the World Federation of Free Trade Zones. These endorsements underscore the company’s adherence to rigorous global standards and its leadership in innovation.

Global Reach and Expertise

Operating under the brand name Wishbud for the past two years, XAgent AI Inc., headquartered in San Jose, California, has quickly established a global presence. The company is supported by affiliated entities in Canada, India, and Hong Kong, specializing in Procurement Big Data, Vertical LLMs, and Multi-Agent Systems.

“The international public procurement market, valued at $12-13 trillion in 2022, is projected to reach $16-19 trillion by 2027,” said Frank Zheng, Chairman of XAgent AI Inc. “This unprecedented growth positions us as a transformative force, delivering exceptional solutions and significant returns for our investors.”

“Procurement systems can be daunting for many enterprises, leading to missed opportunities,” said Helen Huang, CEO of XAgent AI Inc. “Our intelligent bidding platform eliminates these barriers, empowering businesses to excel in the competitive global procurement landscape.”

Positioned for Growth

To accelerate its impact, XAgent AI Inc. is raising $10 million to enhance its Procurement Big Data infrastructure, refine algorithms, and expand platform scalability. With its innovative use of Vertical LLMs and Multi-Agent Systems, the company is primed for rapid growth and industry disruption.

Discover how XAgent AI Inc. can transform your procurement strategy. Visit www.xagent.biz or contact Helen Huang at [email protected] to learn more.

About XAgent AI Inc.

XAgent AI Inc. specializes in intelligent bidding solutions that leverage state-of-the-art technologies to revolutionize global procurement. By combining innovation, compliance, and strategic insight, XAgent is redefining the future of procurement.

Media Contact:

Frank Zheng

+17789028620

[email protected]

SOURCE XAgent AI Inc.

Rembrand Announces $23 Million Series A Financing Round Led by super{set}, Joining The Trade Desk, Naver Corporation, & Existing Investors

Funding represents support for the growth of In-Scene Media and Virtual Product Placement across more content types (including professional CTV content) and more access methods (including SaaS licensing of AI Studio as well as a free open access version that is widely accessible).

PALO ALTO, Calif., Jan. 2, 2025 — Rembrand, the leading innovator in In-Scene Media and Virtual Product Placement technology, today announced it has raised $23 million in Series A financing to expand and fuel the already rapid growth of the company. The round was led by super{set} and included participation from The Trade Desk and Naver D2SF plus existing investors such as BOLD, the corporate venture capital fund of L’Oréal; Greycroft and others.

This funding round marks an unprecedented show of support for Rembrand, securing investment from key players across the advertising ecosystem, including advertisers, platforms, media companies, and talent agencies. The investment further solidifies Rembrand’s position as the leading company driving the creation and growth of In-Scene Media and Virtual Product Placement across all video formats, including the rapidly expanding Connected TV (CTV) market.

“We are thrilled to have the backing of such a distinguished group of investors,” said Omar Tawakol, Rembrand CEO and co-founder. “This funding will enable us to accelerate our growth, expand our team, and continue to innovate our technology platform to meet the evolving needs of advertisers and content owners across the broader video marketplace.”

Rembrand’s AI-powered technology seamlessly integrates brands into video content, providing a non-intrusive and engaging advertising experience for viewers. The company’s platform offers a range of benefits for advertisers, including increased brand awareness, improved engagement, and access to premium video inventory with longer time-on-screen and additional ways of generating attention using AI tools.

Tom Chavez, Co-Founder and General Partner at super{set} added, “Rembrand is at the forefront of a major shift utilizing AI in advertising, and we are excited to partner with them as they scale their business and transform the way brands connect with consumers.”

With the continued growth of CTV and the increasing demand for non-intrusive advertising formats, Rembrand is poised for significant expansion. The company’s Series A funding will enable it to capitalize on this market opportunity and solidify its position as the leader in In-Scene Media and Virtual Product Placement.

About Rembrand
Rembrand is the leading In-Scene Media and Virtual Product Placement platform, using AI to seamlessly integrate brands into video content. The company’s technology provides a non-intrusive and engaging advertising experience for viewers while delivering increased brand awareness and improved engagement for advertisers. Rembrand works with a vast network of global content owners and media companies to deliver unparalleled reach and scale for its brand partners.

Media Contact:
Stephanie Hall, Pitch Public Relations
[email protected]
480-216-5422

SOURCE Rembrand

DayOne Launches as an Independent Global Data Center Pioneer Following Series B Funding Closure

SINGAPORE, Jan. 1, 2025 DayOne, a leading global data center pioneer, officially launched as an independent group on January 1, 2025, ushering in a transformative new era following the successful completion of its series B funding, led by renowned global investment institutions. Formerly operating as GDS International (GDSI), DayOne, founded in 2022 and headquartered in Singapore, has built a proven track record of creating and scaling markets across Asia-Pacific and beyond, driving digital transformation and enhancing regional connectivity.

The brand name “DayOne” encapsulates the company’s entrepreneurial spirit and relentless focus on customers, innovation, and growth. It signifies a mindset of respecting each day as an opportunity to embrace new possibilities, create impactful solutions, and deliver value across the markets we operate in. Inspired by its legacy of pioneering digital infrastructure and unlocking markets, “DayOne” represents a forward-looking commitment to empowering industry leaders with next-generation infrastructure solutions. Guided by humility and a deep reverence for our work and the industries we serve, “DayOne” is dedicated to creating value for all—spanning customers, business partners, investors, employees, and the communities we support.

Over the past year, DayOne secured approximately USD $1.9 billion through its Series A and Series B equity rounds, backed by world-class investors such as SoftBank Vision Fund, Kenneth Griffin, CEO of Citadel, Coatue Management, and Baupost Group.

These investments have not only underscored confidence in DayOne’s ability to deliver reliable, scalable, and sustainable digital infrastructure solutions but have also paved the way for its transformation into an autonomous entity. DayOne’s autonomy spans corporate governance, operations, finance, and technology functions. Its governance is further strengthened by a globally experienced and diverse board, with over half comprising independent investor directors.

Adding to its strategic depth, DayOne recently welcomed three esteemed board leaders: Lim Ah Doo, Co-Chairman of the Board and Chairman of Olam Group Limited; and board advisors Ken Miyauchi, former President & CEO of SoftBank Corp., and Bob McCooey, Vice Chairman of Nasdaq. This robust governance framework ensures balanced decision-making aligned with international best practices, laying a solid foundation for sustainable growth and long-term value creation.        

“The trust from our investors speaks volumes about the strength of DayOne’s vision and our ability to deliver transformative results in a rapidly evolving industry,” said William Huang, Chairman of DayOne. “This transformation goes beyond operational independence— it solidifies our role as a leader in setting new industry benchmarks, advancing regional digital growth, and championing sustainable innovation.”

Jamie Khoo, CEO of DayOne, said: “DayOne represents more than a new name—it’s a commitment to leading with purpose, agility, and innovation. Our focus is on delivering cutting-edge digital infrastructure that propels industries and communities forward. This new chapter empowers us to create lasting impacts on economies and build a future-ready digital ecosystem.”

Gary Wojtaszek, Vice-Chairman of the Board and former President and CEO of CyrusOne, stated: “The formation of DayOne marks a pivotal moment for the industry. Backed by a forward-thinking board and an exceptional leadership team, DayOne is set to redefine digital infrastructure and establish new benchmarks in the sector.”

Operating across key markets such as Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, and Tokyo, DayOne combines deep local expertise with a global vision to meet the growing demands of hyperscalers and enterprises. Its innovative strategies, such as the SIJORI market creation, integrate the strengths of Singapore, Johor, and Batam to deliver interconnected, scalable, low-latency, and sustainable digital infrastructure solutions.

DayOne’s competitive edge lies in its ability to anticipate market demands and deliver customer-centric solutions. With a focus on innovation, the company consistently sets industry benchmarks in speed, scalability, and execution. Its sustainability efforts include cutting-edge cooling technologies, renewable energy adoption, and green building designs aimed at reducing environmental impact and enhancing operational resilience.

Looking ahead, DayOne envisions a future where digital infrastructure fuels economic transformation and accelerates global connectivity. By integrating sustainability with advanced technology, DayOne is poised to drive innovation and empower industries worldwide.

About DayOne

DayOne is a data center pioneer that develops and operates next-gen digital infrastructure for industry leaders who demand reliable, cost-effective and quickly scalable solutions.

Our cutting-edge facilities empower hyperscalers and large enterprises to achieve rapid deployment and enhance connectivity, driving transformative engagement and innovation as we shape the future of industries. DayOne’s data centers are located across key markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, Tokyo, and beyond.

Headquartered in Singapore, DayOne’s leadership team draws on over two decades of industry experience and a track record of building Asia’s largest data center business. With DayOne, they have created the SIJORI (Singapore, Johor, and Riau Islands) market as a global data center hub.

As demand for strategically located and customized data centers rises, DayOne’s entrepreneurial spirit, customer-first strategy, deep local partnerships, and agile executional capabilities uniquely position us to power the growth ambitions of leading hyperscalers and large enterprises around the world.

SOURCE DayOne Data Centers

DayOne se lanza como pionero independiente en centros de datos globales

-DayOne se lanza como pionero independiente en centros de datos globales tras el cierre de la financiación de Serie B

SINGAPUR, 1 de enero de 2025 — DayOne, un pionero líder mundial en centros de datos, se lanzó oficialmente como un grupo independiente el 1 de enero de 2025, marcando el comienzo de una nueva era transformadora tras la finalización exitosa de su financiación de serie B, liderada por reconocidas instituciones de inversión globales. DayOne, que anteriormente operaba como GDS International (GDSI), fue fundada en 2022 y tiene su sede en Singapur. Ha desarrollado una trayectoria comprobada en la creación y ampliación de mercados en Asia-Pacífico y más allá, impulsando la transformación digital y mejorando la conectividad regional.

El nombre de marca “DayOne” encapsula el espíritu emprendedor de la empresa y su enfoque incansable en los clientes, la innovación y el crecimiento. Significa una mentalidad de respetar cada día como una oportunidad para adoptar nuevas posibilidades, crear soluciones impactantes y proporcionar valor en los mercados en los que operamos. Inspirada en su legado de infraestructura digital pionera y apertura de mercados, “DayOne” representa un compromiso con visión de futuro para empoderar a los líderes de la industria con soluciones de infraestructura de próxima generación. Guiada por la humildad y una profunda reverencia por nuestro trabajo y las industrias a las que servimos, “DayOne” se dedica a crear valor para todos, incluidos los clientes, los socios comerciales, los inversores, los empleados y las comunidades a las que apoyamos.

Durante el año pasado, DayOne obtuvo aproximadamente 1.900 millones de dólares a través de sus rondas de capital Serie A y Serie B, respaldadas por inversores de clase mundial como SoftBank Vision Fund, Kenneth Griffin, consejero delegado de Citadel, Coatue Management y Baupost Group.

Estas inversiones no solo han puesto de relieve la confianza en la capacidad de DayOne para ofrecer soluciones de infraestructura digital fiables, escalables y sostenibles, sino que también han allanado el camino para su transformación en una entidad autónoma. La autonomía de DayOne abarca las funciones de gobernanza corporativa, operaciones, finanzas y tecnología. Su gobernanza se ve reforzada aún más por una junta directiva diversa y con experiencia a nivel mundial, de la que más de la mitad está compuesta por directores inversores independientes.

Para aumentar su profundidad estratégica, DayOne dio la bienvenida recientemente a tres estimados líderes de la junta directiva: Lim Ah Doo, copresidente de la junta directiva y presidente de Olam Group Limited; y los asesores de la junta directiva Ken Miyauchi, expresidente y consejero delegado de SoftBank Corp., y Bob McCooey, vicepresidente de Nasdaq. Este sólido marco de gobernanza garantiza una toma de decisiones equilibrada y alineada con las mejores prácticas internacionales, sentando una base sólida para el crecimiento sostenible y la creación de valor a largo plazo.

“La confianza de nuestros inversores habla por sí sola de la solidez de la visión de DayOne y de nuestra capacidad para ofrecer resultados transformadores en una industria que evoluciona rápidamente”, afirmó William Huang, presidente de DayOne. “Esta transformación va más allá de la independencia operativa: consolida nuestro papel como líderes en el establecimiento de nuevos puntos de referencia en la industria, el impulso del crecimiento digital regional y la defensa de la innovación sostenible”.

Jamie Khoo, consejero delegado de DayOne, dijo: “DayOne representa más que un nuevo nombre: es un compromiso de liderazgo con propósito, agilidad e innovación. Nuestro enfoque está en proporcionar una infraestructura digital de vanguardia que impulse a las industrias y comunidades hacia adelante. Este nuevo capítulo nos permite generar impactos duraderos en las economías y construir un ecosistema digital preparado para el futuro”.

Gary Wojtaszek, vicepresidente de la junta directiva y ex presidente y consejero delegado de CyrusOne, afirmó: “La formación de DayOne marca un momento crucial para la industria. Con el respaldo de una junta directiva con visión de futuro y un equipo de liderazgo excepcional, DayOne está preparada para redefinir la infraestructura digital y establecer nuevos puntos de referencia en el sector”.

Operando en mercados clave como Singapur, Johor (Malasia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, y Tokio, DayOne combina una profunda experiencia local con una visión global para satisfacer las crecientes demandas de los hiperescaladores y las grandes empresas. Sus estrategias innovadoras, como la creación del mercado SIJORI, integran las fortalezas de Singapur, Johor y Batam para ofrecer soluciones de infraestructura digital interconectadas, escalables, de baja latencia y sostenibles.

La ventaja competitiva de DayOne radica en su capacidad de anticiparse a las demandas del mercado y ofrecer soluciones centradas en el cliente. Con un enfoque en la innovación, la empresa establece constantemente puntos de referencia de la industria en cuanto a velocidad, escalabilidad y ejecución. Sus esfuerzos en materia de sostenibilidad incluyen tecnologías de refrigeración de vanguardia, adopción de energía renovable y diseños de edificios ecológicos destinados a reducir el impacto ambiental y mejorar la resiliencia operativa.

De cara al futuro, DayOne imagina un futuro en el que la infraestructura digital impulse la transformación económica y acelere la conectividad global. Al integrar la sostenibilidad con la tecnología avanzada, DayOne está preparada para impulsar la innovación y empoderar a las industrias de todo el mundo.

Acerca de DayOne

DayOne es una empresa pionera en centros de datos que desarrolla y opera infraestructura digital de última generación para líderes de la industria que exigen soluciones fiables, rentables y rápidamente escalables.

Nuestras instalaciones de vanguardia permiten a los hiperescaladores y a las grandes empresas lograr una implementación rápida y mejorar la conectividad, impulsando el compromiso transformador y la innovación a medida que damos forma al futuro de las industrias. Los centros de datos de DayOne están ubicados en mercados clave, incluidos Singapur, Johor (Malasia), Batam (Indonesia), Gran Bangkok, Hong Kong SAR, Tokio y más.

Con sede en Singapur, el equipo directivo de DayOne cuenta con más de dos décadas de experiencia en la industria y un historial de creación del negocio de centros de datos más grande de Asia. Con DayOne, han creado el mercado SIJORI (Singapur, Johor y Riau Islands) como un centro de centros de datos global.

A medida que aumenta la demanda de centros de datos personalizados y ubicados estratégicamente, el espíritu emprendedor de DayOne, la estrategia que prioriza al cliente, las profundas alianzas locales y las capacidades de ejecución ágiles nos posicionan de manera única para impulsar las ambiciones de crecimiento de los principales hiperescaladores y grandes empresas de todo el mundo.

Logo – https://mma.prnewswire.com/media/2588144/5093237/DayOne_Logo.jpg

SJSemi closed $700M new financing to further boost its Advanced Packaging projects

JIANGYIN, China, Dec. 31, 2024SJ Semiconductor Corporation (hereinafter referred to as “SJSemi” or “the company”) announced the efficient and successful closure of a new financing round amounting to $700 million on Dec. 31, 2024. The roster of newly onboarded investors includes Wuxi Chanfa Science and Technology Innovation Fund, Jiangyin Binjiang Chengyuan Investment Group, Fortera Capital, Shanghai International Group, Lingang Xinxin Fund of Shanghai Lingang Special Area Administration and Lingang Shuke Fund of Lingang Group, together with Social Security Fund Zhongguancun Independent Innovation Fund, China Life Private Equity Investment Limited, Golden Link, etc.

Since its inception in 2014, SJSemi has continuously dedicated to the high-quality and high-standard production of 12-inch mid-end wafers. Complementing this, SJSemi extends its service to offer advanced packaging and testing services for the whole process of wafer level advanced packaging and multi-die integration processing, which are widely used in smartphones, 5G communication, high-performance computing, data centers, automotive and other electronics fields. In the wake of the artificial intelligence and digital economy boom, SJSemi is able to provide a variety of advanced packaging solutions for Chiplet production and continues to increase investments in innovation and R&D efforts, especially in the 3D multi-die integration space.

In 2023 and 2024, SJSemi witnessed remarkable revenue growth for two successive years. According to Yole’s market research report, SJSemi is the company with the highest revenue growth among global OSATs in 2023. According to CIC Insight Consulting, SJSemi is ranked No.1 in market share in mainland China’s 12-inch Bumping, 12-inch WLCSP markets, and is ranked No.1 in revenue in the wafer testing and chip probing market. As of 2024, SJSemi is currently the only provider capable of mass producing silicon-based 2.5D packaging solutions in mainland China.

In recent years, SJSemi has made significant progress in advanced packaging technologies due to its commitment to innovation. In May 2024, SJSemi debuted its 3x reticle TSV interposer technology, marking the company’s entry into a new era of sub-micron level advanced chip interconnect technology, further improving interconnect density in its products. The latest round of $700M USD in financing will help the company further technological progress into ultra-high density 3D Multi-Die Integration project, allowing it to strengthen its position as a leading advanced packaging provider, becoming a one-stop shop solutions provider for multi-die integration solutions.

Mr. Cui Dong, Chairman and Chief Executive Officer of SJSemi, states that, while proceeding  toward the IPO application process, the company opened the latest round of new financing for patient capital and industrial capitals who are firmly aligned with the long-term vision of SJSemi. This will also help to improve and optimize the company’s equity governance structure.  The synergy between SJSemi’s strategic business planning and state-owned capital from both Wuxi and Shanghai will look to inject new momentum into the company’s long-term development and success, positioning the company favorably to best capitalize on new opportunities in artificial intelligence and the digital economy!”

About SJSemi

Established in August 2014, SJ Semiconductor Co., Ltd. is the first Middle-End-Of-Line (MEOL) pure play foundry equipped with Front-End-Of-Line (FEOL) manufacturing and quality system, serving global customers. Starting with advanced 12-inch bumping and RDL, SJSemi devotes to offer world-class Middle-End-Of-Line (MEOL) manufacturing and testing services, and develops to provide the advanced 3D Multi-Die Integration technology and solutions. Headquartered in Jiangyin High-tech Industrial Development Zone, China, the company has branches in Shanghai and Silicon Valley of the United States, serving advanced chip design enterprises at home and abroad.

SOURCE SJ Semiconductor Corporation

Nodepay haalt $ 7 miljoen op voor AI-groei met realtime data-infrastructuur

SINGAPORE, 28 december 2024 — Nodepay, een gedecentraliseerd AI-platform dat ongebruikte internetbandbreedte in realtime datapijplijnen voor AI-training omzet, heeft vandaag aangekondigd dat het een tweede financieringsronde heeft opgehaald. Hiermee komt het totaal op $ 7 miljoen.

De laatste financieringsronde verwelkomde nieuwe strategische investeerders IDG Capital ($23 miljard AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders. Risicokapitaalinvesteerders, Matthew Tan (oprichter van Etherscan) en Yusho Liu (medeoprichter en CEO van CoinHako) als opmerkelijke angels. Ze voegen zich bij een indrukwekkende lijst van eerdere backers, waaronder Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital en meer.

Het netwerk van Nodepay boort een wereldwijde gemeenschap van gebruikers aan die privacybeschermde nodes beheren. Door hun vrije internetbandbreedte te delen, verdienen deze deelnemers beloningen voor het creëren van een realtime gegevensbron die de AI-inferentie verbetert met accurate en tijdige informatie. Deze aanpak staat bekend als Retrieval Augmented Generation (RAG).

Darren Nguyen, medeoprichter van Nodepay, licht toe: “Onze missie is om oplossingen te ontwikkelen die tastbare waarde creëren voor zowel AI-ontwikkelaars als hun eindgebruikers. We geven bijdragers een aandeel in het AI-ecosysteem dat ze fundamenteel helpen opbouwen.”

Nodepay’s infrastructuurplatform integreert het ophalen van gegevens in real time, een Web3-gerichte gedecentraliseerde antwoordmotor, versterkend leren voor een meer nauwkeurige modeloutput en gamified menselijke verificatie. Samen vormen deze componenten een eerlijk, collaboratief en innovatief AI-ecosysteem.

Eric Le, investeringsdirecteur van IDG Capital: “Het team van Nodepay democratiseert de AI-economie aan de hand van een platform waarmee gebruikers direct kunnen delen in de waarde die ze creëren. We zijn er trots op dat we hun visie steunen om AI toegankelijker en nuttiger te maken voor iedereen.”

Met deze financiering zal Nodepay zijn infrastructuur verder commercialiseren ten voordele van zowel de gemeenschap als de AI-partnerlaboratoria. Nodepay bereidt zich voor op de lancering op Solana en is klaar om het volgende tijdperk van gedecentraliseerde AI-ontwikkeling en -training te leiden.

Nodepay bedient wereldwijd al meer dan 1,5 miljoen actieve gebruikers en blijft zijn bereik uitbreiden, waarmee het zijn leidersrol in de integratie van AI en blockchaintechnologie verstevigt. Gebruikers kunnen verdere updates en nieuwe aankondigingen verwachten via hun sociale kanalen en officiële website.

Over Nodepay
Nodepay is een gedecentraliseerd AI-platform dat zich richt op het democratiseren van AI-training door middel van het ophalen van gegevens in real time. Door ongebruikte internetbandbreedte in een waardevolle bron om te zetten, voedt Nodepay de volgende generatie AI-modellen en staat het aan de spits van AI-decentralisatie.

Foto – https://mma.prnewswire.com/media/2587832/7M_Raised_Funds.jpg

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Nodepay raccoglie 7 milioni di dollari di finanziamenti totali per favorire la crescita dell’IA con un’infrastruttura dati in tempo reale

SINGAPORE, 27 dicembre 2024 — Nodepay, una piattaforma IA decentralizzata che trasforma la larghezza di banda Internet inutilizzata in pipeline di dati in tempo reale per l’addestramento dell’IA, ha annunciato oggi di aver completato un secondo round di finanziamenti, portando il totale a 7 milioni di dollari.

L’ultimo round di finanziamenti ha accolto vari nuovi investitori strategici – IDG Capital (23 miliardi di dollari in attività sotto gestione), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (fondatore di Etherscan) e Yusho Liu (co-fondatore e Ceo di CoinHako) – come investitori informali di rilievo che si uniscono a un elenco notevole di investitori precedenti che include Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital e altri.

La rete Nodepay serve una comunità globale di utenti che gestiscono nodi la cui privacy è protetta. Condividendo la larghezza di banda Internet inutilizzata, questi partecipanti guadagnano premi per la creazione di una fonte di dati in tempo reale che migliora l’inferenza IA con informazioni accurate e tempestive – un approccio noto come Retrieval Augmented Generation (RAG).

Commenta Darren Nguyen, co-fondatore di Nodepay: “La nostra missione consiste nello sviluppare soluzioni che creino un valore tangibile sia per gli sviluppatori di IA sia per i loro utenti finali. Offriamo ai collaboratori una quota dell’ecosistema dell’IA che contribuiscono sostanzialmente a costruire”.

La piattaforma infrastrutturale Nodepay integra il recupero dati in tempo reale, un motore di risposta decentralizzato incentrato sul Web3, l’apprendimento per rinforzo per un output del modello più accurato e la verifica umana gamificata. Questi componenti si combinano per creare un ecosistema IA equo, collaborativo e innovativo.

Spiega Eric Le, direttore investimenti presso IDG Capital: “Nodepay sta democratizzando l’economia basata sull’IA offrendo una piattaforma che consente agli utenti di condividere direttamente il valore che creano. Ci impegniamo a sostenere la loro visione di rendere l’IA più accessibile e vantaggiosa per tutti”.

Grazie a questo finanziamento Nodepay continuerà a commercializzare la sua infrastruttura a vantaggio sia della comunità sia dei laboratori di IA suoi partner. Mentre si prepara al lancio su Solana, Nodepay è pronta a guidare la prossima era di sviluppo e addestramento dell’IA decentralizzata.

Nodepay, che conta già oltre 1,5 milioni di utenti attivi in tutto il mondo, continua ad espandersi, consolidando il suo ruolo di leader nell’integrazione di IA e tecnologia blockchain. Gli utenti possono aspettarsi ulteriori aggiornamenti e nuovi annunci attraverso i social e il sito web ufficiale.

Informazioni su Nodepay
Nodepay è una piattaforma IA decentralizzata dedicata alla democratizzazione dell’addestramento dell’IA attraverso il recupero di dati in tempo reale. Trasformando la larghezza di banda Internet inutilizzata in una risorsa preziosa, Nodepay dà impulso alla prossima generazione di modelli di IA e si pone all’avanguardia nella decentralizzazione dell’IA.

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Nodepay Raises $7M Total Funding To Power AI Growth with Real-Time Data Infrastructure

SINGAPORE, Dec. 26, 2024 — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.

The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.

Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).

Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”

Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.

Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”

With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.

Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.

About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.

SOURCE Nodepay