PayPal Ventures, the global venture capital arm of PayPal, has announced a significant additional investment in Chaos Labs, an emerging leader in onchain risk management. This move not only highlights PayPal’s faith in Chaos Labs’ innovative blockchain solutions but also underscores the growing importance of risk management in the rapidly evolving crypto landscape. Chaos Labs…
HydroX AI, a pioneering AI startup dedicated to advancing safety and security in large language models (LLMs), has announced the successful closure of a $4 million angel funding round. This investment, led by Vitalbridge Capital and Atom Capital, along with prominent AI expert Qi Lu, EVP of Microsoft and former COO of Baidu, will bolster…
Floatic, a pioneering provider of warehouse robotic solutions based in Seoul, South Korea, has successfully concluded its pre-Series A bridge round with an undisclosed additional investment from ZERO1NE, Hyundai Motor Group’s startup innovation platform. This recent funding complements the $3.8 million raised last month, led by Capstone Partners, bringing Floatic’s total funding to over $8…
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 strategic move aimed at consolidating its position in its home market, Turkish food delivery giant Getir has announced a significant $250 million investment led by Abu Dhabi’s Mubadala Investment Co. This funding round underscores Mubadala’s continued confidence in Getir’s core business operations in Turkey. Founded in Istanbul in 2015, Getir has emerged as…
In a remarkable achievement highlighting his outstanding leadership in IT and business process transformation, Hendy HARIANTO has been named the No.1 recipient of The 2024 World CIO CTO 100 Award by Marlow Business School. This prestigious accolade, bestowed upon him from a pool of over 1,300 global IT leaders, recognizes his profound impact and dedication…
Create Wellness, Inc., a trailblazer in the health and wellness sector, has successfully raised $5 million in Series A funding, spearheaded by Unilever Ventures. This latest investment boosts Create Wellness’ total funding to $7.3 million. The funds will be instrumental in advancing the company’s mission to broaden access to its pioneering creatine-based products. Founded by…
Spineart, a leading innovator in spine surgery solutions, has named Laurent Nodé-Langlois as its new Chief Technology Officer (CTO). In this strategic role, Laurent will spearhead Spineart’s initiatives in enabling technologies, with a specific focus on digital surgical planning, navigation, and robotics. Laurent brings to Spineart over 25 years of experience in biomechanics, surgical navigation,…
Movate, a leading digital technology and customer experience (CX) services provider, has named Dariyus Setna as its new Executive Vice President (EVP) and Chief Revenue Officer (CRO) for Digital Services. Setna, a seasoned business leader with over 25 years of experience, joins Movate from Globant, where he significantly contributed to quadrupling revenue and increasing market…
In a strategic move aimed at fueling regional growth and innovation, Raft Capital Management has unveiled its latest €50 million investment fund. This initiative by the Vilnius-based venture capital firm is set to empower burgeoning businesses across the Baltic States, while also eyeing opportunities in the Nordic countries and Poland. Raft Capital, known for its…
