In a significant advancement for AI governance, Vienna-based startup DAIKI GmbH has successfully raised €1.5 million in seed funding. This crucial investment aims to enhance the company’s operations across Europe and propel further product development. DAIKI is committed to empowering businesses to implement artificial intelligence responsibly, aligning with the stringent requirements of the EU AI…
In a strategic move to bolster its presence in the North American transportation sector, RXO (NYSE: RXO) has announced its definitive agreement to acquire Coyote Logistics from UPS for $1.025 billion in cash. This acquisition is set to propel RXO to the forefront as the third-largest provider of brokered transportation in the region, significantly enhancing…
Saronic, a leader in autonomous surface vessel (ASV) technology, has secured a massive $175 million Series B funding round, propelling the company to a coveted unicorn status with a valuation of $1 billion. This investment, led by Andreessen Horowitz (a16z), will fuel Saronic’s mission to revolutionize naval warfare with its next-generation unmanned technology. Saronic’s ASVs,…
In a significant boost to its growth trajectory, LeasePoint Funding Group has announced the successful acquisition of $40 million in incremental funding from Altriarch Asset Management. The capital raise, facilitated by Westlake Securities, positions LeasePoint to further its expansion in the competitive equipment financing sector, meeting the burgeoning demand for innovative financial solutions from device…
EpilepsyGTx, a pioneering biotechnology firm specializing in advanced gene therapies for focal refractory epilepsy, has announced a successful $10 million seed funding round. The financing, spearheaded by the UCL Technology Fund and bolstered by Health Technology Holding, marks a significant milestone in the company’s journey towards combating this challenging neurological disorder. Led by CEO Nicolas…
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…
Citroniq Chemicals LLC, a pioneer in producing carbon-negative materials, has successfully closed a $12 million Series A financing round. The funding was spearheaded by a major multinational energy technology firm renowned for providing large rotating equipment across the oil & gas, energy, and industrial sectors globally. Additional backing came from Lummus Technology Ventures and a…
Molyon, a cutting-edge battery startup emerging from the prestigious University of Cambridge, has secured a transformative $4.6 million in its first investment round. The funding, co-led by IQ Capital and Plural, marks a significant milestone in the company’s mission to unlock the potential of lithium-sulfur (Li-S) batteries. With the capital infusion, Molyon is poised to…
OpusFlow, the leading provider of all-in-one ERP solutions tailored for sustainable installation companies, has successfully raised €1.7 million in a funding round led by Peak, a renowned B2B SaaS investor. This investment will fuel OpusFlow’s mission to enhance its cutting-edge product and extend its reach across Europe, supporting installers of solar panels, heat pumps, home…
SamanTree Medical, a trailblazer in medical technology focusing on enhancing surgical outcomes, has successfully closed a $14 million Series B funding round. The capital infusion, spearheaded by Relyens Innovation Santé and advised by Turenne Capital, marks a pivotal moment for the company as it accelerates its mission to advance the field of surgical imaging. The…
