In a significant boost for the insurance technology sector, Akur8, a Paris-based company specializing in machine learning-driven insurance pricing and reserving solutions, has successfully raised $120 million in its Series C funding round. This new investment elevates the total funding raised by Akur8 to an impressive $180 million. The latest funding round was spearheaded by…
London-based healthtech startup Cryogenx has successfully raised £800,000 in funding to advance its groundbreaking portable body cooling device, CGX1. This investment round includes a significant contribution of £150,000 from the British Design Fund, alongside support from existing shareholders, angel investors, and a US-based fund. Founded by Matt Anderson, Cryogenx aims to address the critical need…
Paris, renowned for its burgeoning AI startup ecosystem, is witnessing a pivotal moment as Poolside.ai prepares to raise a significant $400 million funding round, marking a transformative leap for the company and solidifying the city’s pivotal role in advancing AI technologies across Europe. Specializing in generative AI aimed squarely at enhancing software development, Poolside.ai stands…
Gigpro, a trailblazer in on-demand labor solutions for the hospitality sector, has successfully closed a $16 million Series A funding round. This substantial investment was spearheaded by Foundry, with notable participation from Stage 1 Ventures, Stage 2 Capital, and Detroit Venture Partners. The new capital will catalyze Gigpro’s mission to reshape the gig economy and…
Mind The Hack, a Greek cybersecurity startup, has raised €2.8 million in a funding round led by DEEP CAPITAL GROUP. This investment, which also saw participation from Dimitris Maris, co-founder of Kaizen Gaming, aims to further develop the company’s AI-powered security platform, expand its team, and broaden its market reach, particularly targeting the Middle East….
Altrove, a cutting-edge deeptech startup founded in early 2024, has successfully raised €3.7 million in a Pre-Seed funding round led by Contrarian Ventures, emblematic of a growing global interest in sustainable technology solutions. This funding marks a pivotal moment for Altrove as it accelerates the development of alternatives to critical rare earth elements (REEs), essential…
Stability AI, a pioneering force in generative AI technology, has announced a transformative leadership change and significant investment round. The company, known for its breakthroughs in imaging, language, code, and audio AI, has appointed Prem Akkaraju as its new Chief Executive Officer effective immediately. Concurrently, Stability AI has closed a substantial round of investment from…
In a landmark development for the quantum computing industry, Quantum Source has successfully closed a $50 million Series A funding round. The investment, spearheaded by Eclipse, was also supported by prominent investors including Standard Investments, Level VC, Canon Equity, as well as existing backers Pitango First, Grove Ventures, 10D, and Dell Technologies Capital. This latest…
Complete Solar, Inc. (“Complete Solar” or the “Company”), a Nasdaq-listed leader in solar technology and services, announced a significant boost to its financial resources with a $10 million investment from StarCharge, a prominent player in Asia’s digital energy sector. The investment, structured as a convertible debenture, marks a strategic move by StarCharge to deepen its…
Pioneering Taiwanese AI firm APMIC is set to make waves in the U.S. market with the introduction of its advanced large language model (LLM), “CaiGunn.” As the sole Taiwanese independent software vendor endorsed by NVIDIA, APMIC is primed to elevate global enterprise AI solutions. This expansion reflects APMIC’s commitment to democratizing AI and equipping businesses…
