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US division chief CEO John Furner will succeed McMillon.
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The potential IPO candidate is looking to accelerate its AI infrastructure initiative.
Microsoft’s venture arm M12 and Mirae Asset also joined the round.
OpenAI is looking to invest in startups that limit the risks posed by AI.
BlackRock’s GIP is set to take a 50% stake in the ACS Digital & Energy unit.
Venture Capital
The Series A round values the company at $740m.
IPOs & Markets
The company reported a more than 24% jump in revenue in 2024.
The appointment comes as ASX faces heightened regulatory scrutiny.
These minerals are used in industries including aerospace, defence, and permanent magnets.
Active Capital, Hitachi Ventures, and Energy Impact Partners also participated.
