November 22, 2024
Zepto secures $350 million in funding, maintaining a $5 billion valuation, bolstering its position in India's booming quick-commerce sector. The funding round, led by Motilal Oswal’s Private Wealth, reflects growing investor confidence despite regulatory challenges and the impact on traditional stores.
Cradle Fund and Kapital DX have partnered to enhance funding for Malaysian startups, aiming to tackle gaps highlighted by the SUPER 2021-2030 roadmap. This collaboration will leverage the KLDX platform for improved Series A and beyond funding, integrating into the MYStartup platform and promoting long-term growth opportunities.
November 21, 2024
Ubitium, a startup from stealth mode, unveils a universal RISC-V processor merging CPU, GPU, DSP, and FPGA functionalities to cut costs and streamline system architecture. Backed by $3.7 million in seed funding, it aims to revolutionize industries such as automotive and robotics by enabling adaptable AI-driven devices without hardware changes.
Lighthouse, a London-based travel tech firm, has secured $370 million in Series C funding, reaching unicorn status with a $1 billion valuation. This round, led by KKR, will boost Lighthouse's AI and data capabilities and support global expansion.
OneCell Diagnostics, a startup revolutionizing cancer recurrence detection with cell biopsy technology, plans a U.S. expansion after raising $16 million in Series A funding. Their innovative approach offers cost-effective and precise diagnostics, already benefiting nearly 10,000 patients in India.
Amsterdam's LearnWise AI secured €2 million in seed funding from Emerge to boost its student support platform. The funding will enhance product development and expand their team, addressing university resource constraints.
Zepto has raised over $1.35 billion since June, affirming its rapid growth in India's quick-commerce market, expected to hit $6 billion in sales this year. The company plans an IPO in 2025, despite regulatory hurdles, and aims to boost local investor participation amid foreign ownership concerns.
The Move Energy Fund has secured a €35 million investment from the European Investment Fund, boosting its total commitments to over €100 million. This investment highlights the EIF's focus on supporting sustainable energy solutions and decarbonisation efforts across Europe.
OASYS NOW, a Dutch startup, clinched €1 million at the Slush 100 competition to advance personalized healthcare via their AI-powered clinical trial matching platform. Co-founders Nima Salami and Sara Okhuijsen aim to expand their team and technology, addressing the 80% trial enrollment failure rate while ensuring data privacy and regulatory compliance.
European deeptech firms are spearheading economic growth by leading in tech innovation, especially in AI, robotics, and biotech. With increased funding, they're poised to boost Europe's global tech standing.
November 20, 2024
Cyera, a cybersecurity firm specializing in data protection across various environments, has raised $300 million in a Series D funding round, boosting its valuation to $3 billion. The company, which recently acquired Trail Security, plans to expand its workforce by 200 employees as it continues to enhance its AI-driven platform used by major clients like AT&T and DocuSign.
Odoo, the Belgian ERP software startup, has raised €500 million, boosting its valuation to €5 billion. This round, led by CapitalG and Sequoia, supports its rapid growth and global expansion plans.
Pony AI, a Chinese autonomous driving startup, aims for a $4.55 billion valuation in its U.S. IPO, planning to raise $260 million through ADSs. This move follows WeRide's successful Nasdaq IPO, reflecting strong U.S. investor interest despite market uncertainties.
The Bengaluru Tech Summit 2024 launched the Investor Connect Program to link over 200 startups with more than 100 investors, aiming for substantial investment and job growth in Karnataka. Key initiatives like the Elevate Programme, new Technology Business Incubators, and strategic partnerships were highlighted to bolster the state's tech ecosystem and global innovation standing.
Tokamak Energy has secured $335 million, including a recent $125 million round, to advance its nuclear fusion technology and TE Magnetics division. The UK startup aims to operate a fusion power plant by 2034, leveraging its high-temperature superconducting magnets and spherical tokamak design to achieve efficient plasma confinement.
Kodiak Hub has raised €6 million from Oxx to boost its AI-driven analytics tools and enter the US market. The Swedish startup aims to revolutionize supply chain management with its SRM platform.
VSParticle and Meta's FAIR, alongside the University of Toronto, are collaborating to accelerate clean energy material discovery. By leveraging AI and advanced nanoporous technology, they aim to revolutionize electrocatalyst production, crucial for decarbonizing industries.
Atomico's tenth annual State of European Tech report highlights a decade of impressive growth, with European tech firms raising $426 billion since 2015. However, challenges remain, including a significant funding gap for growth-stage companies, as European firms often turn to US investors, risking talent and knowledge drain.
Four Growers, a Pittsburgh-based agtech robotics firm, has secured $9 million in Series A funding to expand its robotic solutions for greenhouses globally. This comes as the indoor farming sector faces challenges, but the market's rapid growth shows strong demand for innovation.
Celebratix, an Amsterdam-based blockchain ticketing startup, has raised €1.1 million to expand its NFT ticketing services into Sweden and the UK. Backed by Solana, it aims to cut secondary ticket fees and simplify user access without requiring cryptocurrency.