Funding
OpenAI cuts its valuation target to $1.25tn as it nears a $30bn round (opens thenextweb.com)
OpenAI lowered the valuation it seeks for its new round to $1.25tn from $1.4tn after some investors pushed back, the Financial Times reported.
Funding
Baba, which develops AI tools to help Medicare and Medicaid patients connect to care teams and handle advocacy tasks, raised a $40M Series A led by FirstMark (Cailey Gleeson/Fierce Healthcare) (opens fiercehealthcare.com)
Baba builds AI tools that help Medicare and Medicaid patients connect to care teams and handle advocacy tasks; FirstMark led the round.
Funding
CapitalOS, which helps vertical software platforms offer spend management, cards, and bill payment tools to SMB customers, raised a $21.9M Series A led by LGVP (Ryan Lawler/Axios) (opens axios.com)
CapitalOS lets vertical software platforms offer spend management, cards and bill payment to their SMB customers; LGVP led the round.
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