Odaily Planet Daily News Settlement Protocol Kima announced the completion of a $5 million financing, with Blockchange, the FinSec Innovation Lab under Mastercard, and several angel investors participating. Kima has established a settlement protocol that connects traditional financial services such as bank accounts and credit cards with decentralized financial tools.

Odaily Planet Daily News According to the decentralized settlement protocol Kima Network, in a post on the X platform, due to the current unstable market conditions, after in-depth analysis of the market and investigation of dozens of other projects recently launched, the team has decided to reschedule the KIMA TGE to the end of the third quarter of 2024 (originally planned for June), when more partnership relations will be announced. In addition, the Zealy Airdrop campaign will end in two weeks, and the list of winners will be announced afterwards.

French AI startup PhotoRoom is raising between $50 million and $60 million in funding, with a pre-investment valuation of between $500 million and $600 million, as reported by TechCrunch on January 10. The full list of investors is unclear. Balderton, who led the company's previous funding round, will also lead the round, a source said. It was also said that other previous backers also participated in the round along with the new investors. In addition to Balderton, existing backers include Adjacent, Kima Ventures, FJ Labs, Meta, Y Combinator, and a number of angel investors such as Yann LeCun, Zehan Wang (formerly of Magic Pony and Twitter), Hugging Face, and Disney+ executives, to name a few. If this funding round closes, PhotoRoom will raise a total of $70 million to $80 million. It is reported that the company has developed an AI-based image editing application and interface, which is popular with e-commerce providers, media experts, etc. Warner Bros. used PhotoRoom's API to run a social marketing campaign for the Barbie movie. In addition, companies such as Netflix and online food delivery startup Wolt are also using their tools in a wider range of use cases.

London-based AI startup Arcane has raised $5 million in funding, led by U.S. venture capital firm Accel, with participation from Cocoa, Firstminute Capital, Kima Ventures, and Seedcamp, as reported by Business Insider on December 14. In addition, angel investors, including Connor Hayes, VP of generative AI products at Meta, Tom Blomfield, founder of Monzo, Ilkka Paanen, CEO of Supercell, and Anthony Yazbeck, president of WeWork, also supported the round. It is reported that the startup has developed an artificial intelligence platform that helps marketing teams automate their tasks. Arcane will use the new funding to expand its engineering team.