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Sources: at least two China-based funds that back leading AI companies have used parallel fund structures to fundraise from US investors in recent months (Bloomberg)
Bloomberg:
Sources: at least two China-based funds that back leading AI companies have used parallel fund structures to fundraise from US investors in recent months — Chinese early stage funds are increasingly offering a fundraising structure that appeals to US investors wary of American compliance restrictions …
Freepik rebrands as Magnific: a bootstrapped, profitable $230M ARR AI creative platform

The new name unifies what was previously fragmented across Freepik (stock assets), Magnific (AI upscaling), and several other products. One million paying subscribers. 250 enterprise customers, including BBC, Puma, and Amazon Prime Video. CEO Joaquín Cuenca has never taken outside investment. The company is profitable. Freepik, the Málaga-founded AI creative platform, announced on Tuesday that […]
This story continues at The Next Web