Market & RegulationInvestment · $70M
Multiverse raises $70M, boosts valuation to $2.1B
Siftedhigh confidence
Why it matters
- →Multiverse's increased valuation highlights investor confidence in its pivot to upskilling services.
- →The funding supports Multiverse's growth and adaptation in the competitive edtech market.
- →The company's resilience amid challenges demonstrates its potential for long-term success.
Multiverse, a London-based edtech company founded by Euan Blair, has raised $70 million in a funding round with contributions from Schroders Capital, Index Ventures, and General Catalyst. This investment increases the company's valuation to $2.1 billion, up from $1.7 billion. Multiverse, which initially focused on apprenticeships for school leavers, now specializes in upskilling mid-career employees for corporate clients. Despite previous layoffs due to missed revenue targets, the company is expanding its reach and solidifying its position in the edtech industry.
Read originalMore from Sifted
Market & Regulationagents
AI Agents Outpace European Regulation Efforts
AI agents are advancing at a speed that European regulators are struggling to match, creating a significant challenge for oversight. The rapid pace of AI innovation is outstripping the ability of regulators to implement effective controls, raising concerns about potential risks. This situation demands more agile and responsive regulatory frameworks to keep pace with technological advancements. As AI agents become increasingly autonomous and capable, the urgency for effective regulation becomes more pronounced. The current gap between innovation and regulation underscores the need for swift action to ensure safety and ethical standards in AI development.
Sifted
Researchresearch
ETH Zurich students create first Swiss humanoid robot
ETH Zurich students have engineered what they claim to be the first Swiss humanoid robot, marking a notable achievement in the country's robotics sector. This project exemplifies the innovative spirit and technical expertise of Swiss engineering students. The team is now actively seeking funding to further develop and potentially commercialize their humanoid creation. This endeavor not only showcases the students' capabilities but also positions Switzerland as an emerging contender in the global robotics arena.
