VERSES AI Inc proudly announces a transformative strategic investment of US $10 million from Group 42 Holding Ltd (G42), a pioneering UAE-based AI technology group. This partnership marks a pivotal moment for VERSES as it accelerates the development of its next-generation intelligent software systems aimed at revolutionizing cognitive computing. , expressed enthusiasm about the collaboration,…
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…
Aurascape AI, an innovative cybersecurity startup designed for the AI age, has successfully closed an oversubscribed $12.8 million seed funding round. The investment was led by Mayfield Fund, with additional support from Celesta Capital, StepStone Group, AISpace, and notable industry figures including Mark McLaughlin, former Chairman and CEO of Palo Alto Networks. Aurascape AI is…
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…
In a significant stride towards revolutionizing cloud infrastructure management, Eon has officially launched after a successful stealth phase, securing an impressive $127 million in funding. The company introduces an innovative cloud backup solution designed to streamline backup posture management for enterprises, positioning itself as a frontrunner in the burgeoning cloud infrastructure market. Founded in January…
Ciphix, a Rotterdam-based hyperautomation specialist, has solidified its position as a key player in Europe’s tech landscape with the acquisition of Bizzomate, a leading provider of low-code software solutions based in Limburg. This strategic move underscores Ciphix’s ambition to lead the hyperautomation sector across the continent. Koen Mallee, CEO of Ciphix, highlighted the significance of…
Cosm, the vanguard of immersive technology and entertainment, has announced a groundbreaking $250 million in new funding. This substantial capital injection is set to fuel Cosm’s ambitious plans for global expansion, enhancing its “Shared Reality” venues and advancing its technology and media initiatives. The latest funding round saw contributions from a prestigious roster of investors…
Permia Sensing, an innovative agritech startup and spinout from Imperial College London, has successfully secured £150,000 in funding from the British Design Fund. This investment will accelerate the deployment of Permia Sensing’s cutting-edge precision farming technologies, which leverage IoT, AI, sensors, and robotics to transform palm plantation management. Permia Sensing is at the forefront of…
In a significant stride for the legaltech landscape, Fynk, a pioneering startup, has successfully raised $3.5 million to enhance its AI-driven contract management solutions. This funding round arrives just four months post its public debut in May 2024, following an initial pre-seed investment of $1.5 million. Founded by seasoned entrepreneurs Constantin Wintoniak, Dominik Hackl, and…
Levitate, Levitate, the acclaimed SaaS provider renowned for its ‘Happiness Platform’ tailored for relationship-driven enterprises, has successfully concluded its Series D funding round, securing $15 million. This new influx of capital, led by Harbert Growth Partners, Northwestern Mutual Future Ventures, and Bull City Venture Partners, will enable Levitate to enhance its innovative offerings and extend…
