Iteris, Inc., a global leader in smart mobility infrastructure management, announced today a definitive agreement to be acquired by Almaviva S.p.A., a leading Italian digital innovation group, in an all-cash transaction valued at approximately $335 million. This strategic move marks a significant milestone for Iteris, solidifying its position at the forefront of intelligent transportation solutions….
In a significant advancement for defense technology, 1st Edge, a prominent small business provider to the Department of Defense, has been awarded a substantial $35.8 million Other Transaction Authority (OTA) contract by the U.S. Army Space and Missile Defense Command (SMDC). This three-year initiative will focus on developing pioneering artificial intelligence and machine learning (AI/ML)…
Finaloop Raises $35 Million in Series A Funding to Revolutionize Ecommerce Accounting with AI Finaloop, an AI-driven accounting platform catering to ecommerce, has secured $35 million in its Series A funding round, setting its sights on transforming financial management for online businesses. The round was led by Lightspeed Venture Partners, with participation from new investors…
Dynelectro, a pioneering Danish cleantech firm specializing in sustainable energy solutions, has successfully raised €11 million in a recent investment round aimed at propelling its Dynamic Electrolyser Unit (DEU) technology to new heights within the green hydrogen sector. This funding initiative, led by the European Investment Bank (EIB) and Denmark’s Export & Import Fund Organisation…
In a significant leap for minimally invasive surgical technology, Munich-based medtech innovator Symphera has successfully raised €2.4 million in a Seed financing round. This funding will propel the company’s groundbreaking work in automating tool-switching during laparoscopic procedures, effectively rendering manual instrument changes obsolete. With a simple push of a button, surgeons can seamlessly transition between…
A Milan-based robotics startup thinks it has found the missing link between artificial intelligence and physical automation. Cyberwave, founded by Simone Di Somma and Vittorio Banfi — both with Silicon Valley pedigrees — has raised €7 million in seed funding to build what it calls the “operating system” for intelligent machines. At the surface, it…
Adaptive Security, the preeminent provider of AI-powered social engineering prevention solutions, today announced the successful close of an $81 million Series B funding round. This substantial investment, which follows two previous raises this year, brings the firm’s total capital raised to $146.5 million. The round was led by Bain Capital Ventures and included strategic participation…
QED Protocol, a pioneering force in the realm of Web3 development leveraging Bitcoin’s capabilities, has announced a successful $6 million funding round led by Blockchain Capital. This investment is set to propel QED’s groundbreaking technology, which promises to redefine the landscape of smart contracts, layer-two solutions, and various Web3 applications. QED Protocol stands at the…
Clarity Pediatrics, a rapidly growing telehealth company focused on pediatric chronic care, has secured $14.5 million in Series A funding, marking a significant step in its mission to modernize specialty care for children and families. The round was led by Jackson Square Ventures and included new investors City Light Capital, MassMutual Catalyst Fund II, GingerBread…
Odaseva, the esteemed enterprise data security platform specializing in Salesforce, has announced a significant milestone with the closure of a $54 million Series C equity financing round. This latest funding, led by Silver Lake Waterman and supported by existing investors F-Prime, Eight Roads, and Serena Capital, alongside new backers Eurazeo and Crescent Cove, marks a…
