DST Global is an internet investment group with a portfolio including major global internet companies. The group operates from headquarters in Hong Kong alongside offices in Silicon Valley, New York, London, and Beijing.
The British Business Bank and the Sovereign AI Fund have backed the artificial intelligence developer in a record-setting seed round.
"David Silver is a generational talent who has consistently been on the cutting edge of AI development. Ineffable Intelligence has the potential to produce a paradigm shift in our scientific and technology landscape, and we are incredibly excited to be supporting him and his team in this endeavour."
— Charlotte Lawrence, Managing Director of Direct Equity
The financing round was co-led by Greylock and DST Global Partners with participation from existing backers and angel investors.
"Lapse doesn't let you upload or edit in ways that other platforms encourage, Everyone on Lapse plays by the same rules, which creates a space where it's OK to share all moments, not just the glamorous."
The $1bn financing round was supported by a consortium of global investors led by firms such as Altimeter and GIC.
"At our core, we help enterprise merchants to navigate the complexity of moving money around the world, whether in fiat currency or bridging the gap to Web3,"