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
More in Market & Regulation
© TechCrunch AIMarket & Regulationbusiness
AI Security Challenges: Insights from Google Cloud COO
In a candid discussion, Google Cloud's COO Francis de Souza emphasized the critical need for integrating security into AI strategies from the outset. He highlighted the risks of 'shadow AI' and the necessity for a consistent security posture across multiple cloud environments. Despite Google's commitment to a multicloud approach, recent incidents involving unauthorized API calls to Gemini models reveal vulnerabilities in their system. These challenges underscore the urgency of developing AI-native defenses and the ongoing struggle to keep pace with rapidly evolving threats. The conversation reflects the broader industry challenge of aligning security practices with the fast-paced evolution of AI technologies.
TechCrunch AI
© Matt WolfeMarket & Regulationbusiness
Google Replaces Traditional Search with AI Engine
Google announced at I/O that it is replacing traditional search with an AI-driven engine, prioritizing AI-generated overviews.
Matt Wolfe
© The Verge AIMarket & Regulationagents
Hackers Exploit Chatbot 'Personalities'
Hackers are increasingly exploiting the 'personalities' of AI chatbots, using conversational tactics rather than technical skills to bypass safety protocols. This new wave of attacks involves manipulating chatbots through persuasive dialogue, revealing a vulnerability in AI systems that rely on human-like interactions. Companies have patched obvious loopholes, but the challenge remains in balancing useful conversation with security. As AI systems become more integrated into daily life, the need for psychological insight in cybersecurity is growing, highlighting a shift towards social engineering in AI exploitation.
The Verge AI