Helsing, a pioneering defence AI company based in Munich, has set a new milestone with a monumental €450 million funding round. General Catalyst led this Series C financing, underscoring Helsing’s pivotal role in advancing AI-driven solutions for national security. Strategic investors including Saab, Elad Gil, Accel, Lightspeed, Plural, and Greenoaks also participated, reflecting strong industry…
Quantum Innovations, a trailblazing medtech startup based in Warsaw, has successfully raised nearly €10 million (PLN 41 million) in its latest funding round dedicated to advancing cardiac surgery technology. The investment was led by Vinci IQ ASI, a fund managed by Vinci S.A., with participation from existing investor MedTech Holding. Led by renowned physician and…
Scoop Analytics, a pioneering force in revolutionizing business analytics through innovative spreadsheet-powered solutions, has announced a significant milestone with the closing of a $3.5 million seed funding round. The financing, led by Ridge Ventures with participation from Industry Ventures and Engineering Capital, marks a strategic boost for Scoop as it accelerates its mission to empower…
Credo AI, a frontrunner in AI governance solutions, has successfully closed a $21 million Series B funding round, bringing its total funding to $41.3 million. This round saw significant contributions from CrimsoNox Capital, Mozilla Ventures, and FPV Ventures, alongside continued support from Sands Capital, Decibel VC, Booz Allen Hamilton, and AI Fund. The new capital…
InSpacePropulsion Technologies (ISPTech), a pioneering spin-off from the German Aerospace Center (DLR), has announced a significant milestone with a €2 million Pre-Seed funding round. This investment underscores ISPTech’s commitment to revolutionizing the space industry with its innovative green propulsion systems, designed to enhance performance, reliability, and affordability across a wide range of spacecraft applications. Founded…
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…
Onit, Inc., a trailblazer in AI-driven workflow automation solutions for the legal sector, has elevated Nick Whitehouse to the role of Chief AI Officer. This strategic promotion marks a pivotal moment for Onit as it intensifies its leadership in advancing AI innovations tailored for global legal operations. In his new capacity, Nick Whitehouse assumes responsibility…
Inscora, an innovative Montreal-based startup specializing in automated cyber risk assessment and sales enablement for cyber insurance brokers, has successfully raised $2 million in its latest funding round. The investment, led by Luge Capital, includes contributions from Desjardins Capital, Accelia Capital, Inovia Capital, and notable angel investors from the cybersecurity sector. Founded by Gabriel Tremblay,…
In a significant leap toward enhancing workplace productivity, Raycast, a leading productivity software company, has successfully raised $30 million in a Series B funding round. This latest investment brings Raycast’s total funding to over $45 million, underscoring its mission to reduce context switching and optimize user focus. As the digital landscape becomes increasingly saturated with…
Upword, a pioneering force in knowledge management solutions, has unveiled its cutting-edge AI-powered research companion tool, marking a pivotal moment in the evolution of scholarly pursuits. Alongside this milestone, the company has successfully concluded a $3 million pre-seed funding round, underscoring confidence from investors including Telefonica (Wayra X), Go Ahead Ventures, and Goodwater Capital. Upword’s…
