BusinessStartups

British Business Bank Direct Investment Strategy Boosts UK Startups

The state-funded British Business Bank has shifted its investment approach to provide direct funding for scaling UK startups. With £250 million already deployed to 33 tech and life sciences companies, the bank plans to increase direct investments to 25% of its Industrial Strategy capital.

The British Business Bank has launched a significant strategic shift toward direct investment in UK startups, deploying £250 million to 33 scaling companies while addressing critical funding gaps in the innovation economy. This move represents a fundamental change for the state-funded institution, which previously channeled most capital through venture capital funds.

Addressing UK Startup Funding Challenges

BusinessStartups

Astera Labs Cofounders Become Billionaires Amid AI Infrastructure Boom

Two Astera Labs cofounders have become billionaires as the AI infrastructure company’s shares surge 250% over six months. CEO Jitendra Mohan and COO Sanjay Gajendra capitalized on the booming demand for semiconductor networking solutions in the artificial intelligence revolution.

The AI infrastructure boom has created its latest billionaires as Astera Labs cofounders Jitendra Mohan and Sanjay Gajendra see their fortunes soar following the company’s 250% stock surge over the past six months. The semiconductor networking firm’s explosive growth reflects the massive demand for connectivity solutions that enable complex artificial intelligence systems to function efficiently.

Astera Labs Billionaires Emerge From AI Infrastructure Surge