In an exciting development for eco-conscious families and LEGO enthusiasts alike, Sort A Brick, a Lithuanian startup, has successfully raised €1.15 million to enhance its innovative AI-driven LEGO brick sorting service. With plans to launch operations in Germany by 2025, the company aims to revolutionize how families reuse their old LEGO collections while contributing to…
In a significant advancement for personalized technology, startup Convergence has successfully raised $12 million in Pre-Seed funding to launch its innovative AI agent, Proxy. Founded in April 2024 by seasoned machine learning engineers Marvin Purtorab and Andy Toulis, the company aims to transform the way individuals and businesses approach daily tasks, from managing work responsibilities…
In a significant leap forward for legal technology, Stockholm-based startup Qura has successfully raised €2.1 million in seed funding, spearheaded by Cherry Ventures and supported by industry experts, including GP Sophia Bendz, who will join Qura’s board. This fresh influx of capital aims to enhance the platform’s capabilities and expand its collection of legal data,…
Ephos, an innovative leader in glass-based photonic chip technology, has successfully secured $8.5 million in a seed funding round aimed at establishing a groundbreaking research and manufacturing facility in Milan. This initiative, supported by NATO’s Defence Innovation Accelerator (DIANA) and the European Union, marks a pivotal moment in the evolution of quantum and light-based computational…
In an impressive move that underscores the growing significance of AI in business, Phacet, a French startup specializing in personalized artificial intelligence solutions for small and medium-sized enterprises (SMEs), has successfully raised €4 million in a Seed funding round. The investment attracted a notable consortium of 148 business angels, featuring founders and executives from prominent…
In a significant stride for the deeptech landscape, AxonJay has successfully raised €1.5 million in funding to advance its innovative AI solutions. This pioneering startup is poised to transform how businesses leverage artificial intelligence, enabling decision-makers to access real-time insights with remarkable accuracy. At the heart of AxonJay’s offering is its groundbreaking Self-Machine-Learning Platform, which…
In a significant leap toward revolutionizing the maritime technology landscape, HavocAI Inc., an innovator in autonomous uncrewed surface vessel (USV) technology, has successfully closed an $11 million Seed funding round. This financing was led by Scout Ventures and co-led by Trousdale Ventures, with participation from a distinguished roster of investors including Outlander VC, The Veteran…
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…
In a significant boost for the cybersecurity landscape, Intezer has announced the successful closure of a $33 million Series C funding round, bringing its total capital raised to $60 million. The investment, spearheaded by Norwest Venture Partners, comes on the heels of an impressive 400% increase in customer acquisition over the past year. With participation…
In a significant leap forward for the insurance industry, Roots Automation, renowned for its innovative AI solutions, has successfully closed a $22.2 million Series B funding round. This investment, spearheaded by Harbert Growth Partners, alongside support from MissionOG, Liberty Mutual Strategic Ventures, and Vestigo Ventures, aims to enhance the capabilities of its AI-driven tools and…
