🚀 AI ERP Platform Rillet Secures $70 Million in Series B Funding
#AI #ERP #Rillet #Funding #SeriesB #Investment #AndreessenHorowitz #ICONIQ #Sequoia #OakHCF #Clients #ARR #Accounting #AIIntegration
According to PANews, AI-native enterprise resource planning (ERP) platform Rillet has successfully raised $70 million in a Series B funding round. The investment was led by Andreessen Horowitz and ICONIQ, with participation from Sequoia and Oak HC/FT. This latest funding brings Rillet's total financing to over $100 million within a year. Founded by a former executive from N26, Rillet has already served more than 200 clients. Over the past 12 weeks, the company's annual recurring revenue (ARR) has doubled. Rillet is collaborating with accounting firms such as Armanino and Wiss to reduce the closing cycle to just a few days through native integration and embedded AI solutions.#AI #ERP #Rillet #Funding #SeriesB #Investment #AndreessenHorowitz #ICONIQ #Sequoia #OakHCF #Clients #ARR #Accounting #AIIntegration
🚀 IREN Limited Secures AI Cloud Service Contracts with NVIDIA GPU Deployment
#IRENLimited #AIGPU #NVIDIA #CloudServices #BitcoinMining #DataCenter #BlackwellGPUs #AIContracts #ARR #StockPrice #PreMarket
According to Foresight News, data center operator and Bitcoin mining company IREN Limited (IREN.US) has announced the signing of additional multi-year cloud service contracts with several artificial intelligence (AI) firms. These agreements involve the deployment of NVIDIA's (NVDA.US) Blackwell series GPUs.
Currently, contracts have been signed for 11,000 out of the 23,000 GPUs, corresponding to an estimated $225 million in annual recurring revenue (ARR) from AI cloud services. The deployment is expected to be operational by the end of 2025.
As of the time of reporting, IREN's stock price has risen by 14.45% in pre-market trading.#IRENLimited #AIGPU #NVIDIA #CloudServices #BitcoinMining #DataCenter #BlackwellGPUs #AIContracts #ARR #StockPrice #PreMarket
🚀 Tether Invests in Bitcoin Loan Provider Ledn to Expand Lending Opportunities
#Tether #Bitcoin #LoanProvider #Ledn #BitcoinLoans #DigitalAssets #BitcoinCollateralizedLending #RiskManagement #ClearingSystems #CreditAccessibility #RetailMarket #InstitutionalMarket #BitcoinBackedLoans #ARR #BitcoinLending #BTC
According to BlockBeats, Tether has announced a strategic investment in Ledn, a provider of Bitcoin-backed loans, to enhance opportunities in Bitcoin collateralized lending. Ledn's infrastructure includes advanced custody, risk management, and clearing systems to ensure the security of clients' digital assets throughout the loan cycle. As the Bitcoin-backed lending market is poised for significant growth, Ledn is well-positioned to expand credit accessibility in both retail and institutional markets.
Since its inception, Ledn has issued over $2.8 billion in Bitcoin-backed loans, with more than $1 billion disbursed in 2025 alone, marking the company's strongest annual performance to date. In the third quarter of 2025, Ledn issued $392 million in loans, nearly matching the total for the entire year of 2024. The company currently reports an annual recurring revenue (ARR) exceeding $100 million, highlighting the growing demand for secure Bitcoin-backed lending products.#Tether #Bitcoin #LoanProvider #Ledn #BitcoinLoans #DigitalAssets #BitcoinCollateralizedLending #RiskManagement #ClearingSystems #CreditAccessibility #RetailMarket #InstitutionalMarket #BitcoinBackedLoans #ARR #BitcoinLending #BTC