Switzerland’s EthonAI has emerged as a frontrunner in the AI-driven manufacturing revolution, raising CHF 15 million ($16.5 million) in a Series A funding round led by Index Ventures, alongside General Catalyst, Earlybird, and Founderful. In a world where factories are becoming smarter through advanced technologies like sensors and robotics, EthonAI stands at the forefront, harnessing…
In a significant development for the data-as-a-service (DaaS) sector, Monda has successfully closed a $5 million seed funding round. The financing was spearheaded by Senovo and Acrobator Ventures, with notable participation from Techstars. The new capital will be instrumental in accelerating Monda’s expansion into the US market, scaling its partner network, and further advancing its…
NOWDiagnostics, Inc. (NOWDx), a pioneering developer of over-the-counter (OTC) and point-of-care (POC) diagnostic tests, has announced a significant milestone with the successful closure of a $22.5 million Series B financing round. Led by DigitalDx Ventures, alongside strategic investments from the Labcorp Venture Fund and Kompass Kapital Management, this funding is set to propel NOWDx to…
Delta Data, a leading provider of software solutions for the global mutual fund and pooled fund industry, has announced significant advancements to its Fee Management solution. These updates empower asset management firms to seamlessly manage intermediary fees across international jurisdictions, reinforcing Delta Data’s commitment to enhancing operational efficiency and global market accessibility. The enhanced functionality…
Wilya, previously known as Gig and Take, has announced a significant milestone with the closure of a $4 million seed funding round led by Ironspring Ventures. This funding underscores Wilya’s innovative approach in revolutionizing HR practices within the manufacturing and supply chain sectors through its advanced SaaS platform. Founder and CEO Rahil Siddiqui expressed excitement…
Halo Industries, Inc., a pioneer in laser manufacturing technology for the semiconductor sector, has successfully closed its oversubscribed Series B funding round, securing up to $80 million. The round was led by Thomas Tull’s U.S. Innovative Technology Fund (USIT), alongside investments from 8VC and SAIC. This substantial funding infusion will accelerate Halo Industries’ efforts to…
In a significant boost for educational technology, Stimy AI has successfully raised $425,000 in Pre-Seed funding, setting the stage for its innovative math learning app aimed at supporting students worldwide. Catering to learners aged 10 to 18, the app employs cutting-edge AI technology to provide tailored assistance in math, helping users tackle homework challenges and…
Semrush Holdings, a global leader in online visibility management, has announced its acquisition of Ryte, a prominent Munich-based SaaS company known for its expertise in optimizing website user experience. This strategic move marks a significant expansion for Semrush, further strengthening its capabilities in SEO and digital marketing solutions. Founded in 2012, Ryte has made a…
In a significant advancement for the realm of contract management, Formality, a Paris-based platform specializing in intelligent contract management for clients and suppliers, has announced the successful raising of €8 million in its initial funding round. This round was spearheaded by prominent venture capital firms Partech and Serena, alongside an investment of €2.4 million from…
Allora Labs, a pioneering force behind the Allora Network, has successfully concluded a strategic funding round, catapulting their total funding to an impressive $35 million. The recent infusion of capital marks a significant milestone as the company prepares for the imminent launch of its mainnet. Founded under the former name Upshot, Allora Labs has been…
