Reuters:
TikTok says it plans to invest €1B to build a second data center in Finland as part of its €12B European data sovereignty initiative for the data of 200M+ users  —  TikTok plans to invest 1 billion euros ($1.16 billion) to build a second data centre in Finland in less than a year …

Cristina Criddle / Financial Times:
Sources: Perplexity's estimated ARR rose to over $450M in March, jumping 50% in a month after the launch of a new agent tool and a shift to usage-based pricing  —  San Francisco-based start-up surges from push into more complex and potentially more lucrative AI services

Harsh Upadhyay / Entrackr:
Bengaluru-based KreditBee, a digital lending service for personal and business loans and more, raised a $280M Series E at a $1.5B post-money valuation  —  Digital lending platform KreditBee has raised $280 million in its Series E round at a post-money valuation of $1.5 billion.

Ryan Lawler / Axios:
Modus, which builds AI agents for audit workflows and invests in established accounting firms, raised a $5M seed and an $80M Series A led by Lightspeed  —  Modus, which buys majority stakes in advisory entities affiliated with accounting firms, raised $85 million in seed and Series A funding, CEO Arush Jain tells Axios exclusively.

Kari Soo Lindberg / Bloomberg:
Sources: Bain's data center unit cuts ties with Megaspeed, which is under US investigation over if it helped Chinese companies evade Nvidia AI chip export curbs  —  Bain Capital's Bridge Data Centres has removed from its Malaysian computing hub a Southeast Asian company the US suspects of smuggling Nvidia Corp. chips.