Paris‑based foodtech startup Kikleo has closed a €3.5 million funding round led by Newfund, with participation from Bpifrance, existing shareholders, and procedural support from Avelana. The fresh capital will drive Kikleo’s expansion across Europe and into the United States, scale its AI platform, and strengthen its on‑the‑ground support teams for restaurant partners. Since its founding…
In a groundbreaking development for the tech industry, Oriole Networks, a pioneering startup harnessing the power of photonics to address the pressing energy consumption issues of AI data centers, has successfully raised an impressive $22 million in funding. This latest round, led by Plural, sees reinvestment from notable investors including the UCL Technology Fund, XTX…
Nium, a global leader in real-time cross-border payments, has secured a spot on CNBC’s esteemed ‘World’s Top Fintech Companies 2024’ list. This accolade celebrates Nium’s pivotal role in revolutionizing global financial transactions, underlined by a year of exceptional growth marked by new global licenses, significant funding, and a burgeoning client base. The global landscape of…
In a significant milestone for antibiotic innovation, Blacksmith Medicines has been granted both Qualified Infectious Disease Product (QIDP) and Fast Track designations by the U.S. Food and Drug Administration (FDA) for its novel antibiotic candidate, FG-2101. This small molecule inhibitor targets LpxC, a metalloenzyme essential to the survival of Gram-negative bacteria, including multidrug-resistant strains—an area…
Armata Pharmaceuticals, Inc. (NYSE American: ARMP), a leader in the development of cutting-edge bacteriophage therapies, has been awarded an additional $5.25 million in non-dilutive funding by the U.S. Department of Defense (DoD). This significant grant, facilitated through the Medical Technology Enterprise Consortium (MTEC) and managed by the Naval Medical Research Command (NMRC) and the Joint…
Foray Bioscience, a pioneering force in sustainable biotechnology, has announced a significant milestone with the successful closure of a $3 million seed funding round led by ReGen Ventures. This latest injection of capital, supported by prominent investors including The Engine Ventures and Susquehanna Sustainable Investments, underscores Foray’s commitment to reshaping the future of plant-based industries…
Global connected vehicle solutions provider WirelessCar has appointed Satoru Abe as its new Country Manager for Japan, signaling the company’s deepened focus on expanding its footprint in one of the world’s most influential automotive markets. This appointment marks a pivotal phase for WirelessCar following the establishment of its Japan office in late 2024. Abe, a…
PolyAI, a leader in enterprise conversational AI, has raised $86 million in a Series D funding round co-led by Georgian, Hedosophia, and Khosla Ventures, with participation from NVentures (NVIDIA’s venture arm), British Business Bank, Citi Ventures, Squarepoint Ventures, Sands Capital, Zendesk Ventures, and Point72 Ventures. This latest round brings PolyAI’s total funding to over $200…
A beacon of innovation has emerged from the serene shores of Lugano, as InVirtuoLabs secures €2.85 million in its inaugural funding round. This Swiss biotech pioneer, dedicated to reshaping the future of pharmaceuticals, is set to harness artificial intelligence to slash the staggering costs and timelines that have long burdened drug development. With this capital,…
Wind, an innovative European venture capital firm founded by seasoned entrepreneurs Thierry Vandewalle and Xavier Gury, has unveiled a groundbreaking €130 million Article 9 fund. Surpassing initial expectations with a robust €90 million at its first closing, this fund is poised to catalyze the growth of pioneering sustainable Deeptech startups at the Seed/Series A stage….
