Sources: Modal Labs is in funding talks at a ~$15B valuation, up from $4.65B in May; Baseten is in funding talks at a $26B valuation, up from $13B in June (Bloomberg)
Two startups that provide platforms to help businesses run artificial intelligence models are in funding talks to double their valuations …
Schneider Electric is nearing a deal to acquire Shelly Group, a Bulgaria-based smart home device maker. The deal values Shelly Group at €1.27 billion, excluding debt, according to Bloomberg.
The acquisition would add to Schneider Electric's presence in the smart home market. Shelly Group makes a range of smart devices for homes.
Details of the deal, including its timing and terms, are not specified in the reports. Schneider Electric and Shelly Group have not made an official announcement on the matter.
Brief written by urgent.news from Techmeme, Investing.com, Bloomberg — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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