In a significant step forward for wildfire management technology, OroraTech, a pioneering company utilizing thermal satellites and artificial intelligence, has successfully raised €25 million in a Series B funding round. This investment, spearheaded by Korys and the European Circular Bioeconomy Fund (ECBF), along with support from long-standing investor Bayern Kapital, aims to bolster OroraTech’s expansion…
In a significant boost for biotechnology innovation, Nuclera has successfully closed a $75 million financing round, aimed at advancing its groundbreaking eProtein Discovery platform. This Series C round was led by Elevage Medical Technologies and saw participation from various prominent investors, including Patient Square Capital, British Patient Capital, Cambridge Innovation Capital, and others. This substantial…
In a significant boost to cancer research and drug development, MEDiC Life Sciences, a pioneering functional genomics startup based in Silicon Valley, has announced a strategic investment of $5 million from industry giants LG and Hanmi Pharmaceutical. This funding precedes MEDiC’s anticipated Series A funding round later this year and is aimed at accelerating the…
In a significant development for the semiconductor industry, Wolfspeed, the world’s foremost producer of silicon carbide technology, has announced a groundbreaking funding initiative that will provide up to $1.5 billion for its expansion efforts in North Carolina and New York. The U.S. Department of Commerce has proposed $750 million in direct funding under the CHIPS…
Antiverse, a forward-thinking techbio company focused on antibody design for challenging therapeutic targets, has successfully raised an additional £3.5M ($4.6M) in its latest funding round. This investment elevates the total funding to £7.2M ($10.1M) and will significantly bolster Antiverse’s growth initiatives, including the expansion of its research facilities in Boston and Prague. The funding was…
In a significant development for the biopharmaceutical landscape, Tolerance Bio, Inc. has announced the successful closure of its oversubscribed $17.2 million seed financing round. Spearheaded by Columbus Venture Partners, this funding will accelerate the company’s innovative work on thymus preservation, regeneration, and manipulation therapies aimed at treating a range of immune-mediated diseases. Founded by industry…
In a significant step towards revolutionizing the architecture of AI data centers, Xscape Photonics has announced the successful closing of a $44 million Series A funding round. This financing, led by IAG Capital Partners, attracted contributions from prominent investors including Cisco Investments, NVIDIA, Altair, Fathom Fund, Kyra Ventures, LifeX Ventures, and OUP. The total funding…
In a significant advancement for the biotechnology sector, Shift Bioscience has successfully raised $16 million (£12.5 million) in Seed funding, spearheaded by BGF and joined by prominent existing investors including F-Prime Capital, Kindred Capital, and Jonathan Milner. This investment is poised to accelerate the development of Shift Bioscience’s innovative artificial intelligence platform aimed at identifying…
In a significant step to enhance the delivery of behavioral health services within the workers’ compensation sector, Empatha, a frontrunner in behavioral care management, has announced a successful capital raise from institutional investors. This infusion of funds is poised to bolster Empatha’s capacity to serve the increasing needs of injured workers, employers, and insurers, as…
Decagon, a trailblazer in AI-powered customer support solutions, has successfully raised $100 million in total funding, bolstered by a recent $65 million Series B round led by Bain Capital Ventures. This impressive financial milestone has quadrupled the company’s valuation in a short span, solidifying its role in transforming enterprise customer support and enhancing productivity across…
