Saudi Arabia is rewriting the rules of cultural economics. At the recent Cultural Investment Conference in Riyadh, held at the King Fahad Cultural Centre, the Kingdom unveiled a bold vision: transform culture into a viable economic pillar, not just a national identity marker. At the centre of this effort is a newly launched deep-dive report…
Standard Bots, a trailblazer in robotics automation, has successfully raised $63 million in a Series B funding round. This latest round, spearheaded by General Catalyst with notable contributions from the Amazon Industrial Innovation Fund and Samsung Next, marks a significant milestone for the company as it gears up to expand its innovative solutions across American…
Onit, Inc., a trailblazer in AI-driven workflow automation solutions for the legal sector, has elevated Nick Whitehouse to the role of Chief AI Officer. This strategic promotion marks a pivotal moment for Onit as it intensifies its leadership in advancing AI innovations tailored for global legal operations. In his new capacity, Nick Whitehouse assumes responsibility…
Arcads.ai, a fast-rising artificial intelligence company redefining how marketing videos are produced at scale, has raised $16 million in Seed funding, marking a significant milestone in its growth journey. The round was led by Eurazeo, with participation from Alpha Intelligence Capital and international backers including the Sequoia Scout Program. The investment comes at a pivotal…
Copenhagen-based ABH Optics ApS, an innovative spin-off from the Technical University of Denmark (DTU), has successfully raised €1 million in a pre-seed funding round. The investment, led by High-Tech Gründerfonds (HTGF), positions the company to advance its groundbreaking work in developing the world’s thinnest and lightest eyeglass lenses. HTGF’s Senior Investment Manager, Olaf Joeressen, expressed…
TRIANA Biomedicines said on Thursday it had closed an oversubscribed $120 million Series B financing, strengthening its push to bring a new class of molecular glue degraders into the clinic, including its lead candidate, TRI-611, for patients with ALK-positive non-small cell lung cancer (NSCLC). The round was co-led by new investors (Ascenta Capital) and (Bessemer…
NOWDiagnostics, Inc. (NOWDx), a pioneering developer of over-the-counter (OTC) and point-of-care (POC) diagnostic tests, has announced a significant milestone with the successful closure of a $22.5 million Series B financing round. Led by DigitalDx Ventures, alongside strategic investments from the Labcorp Venture Fund and Kompass Kapital Management, this funding is set to propel NOWDx to…
DecoverAI, a trailblazer in legal technology, has successfully closed a $2 million seed funding round, led by Leo Capital and supported by additional prominent investors. This infusion of capital marks a significant leap forward in DecoverAI’s mission to revolutionize the legal field with its innovative “Legal Brain” and Generative Defense technologies. Founded in 2024, DecoverAI…
WorkerHero, a pioneering recruiting technology startup based in Munich, has announced a successful Series A funding round, raising €4 million. Founded in 2021 by Richard Fischer, Steven Miller, Michael König, and Emanuel Wernitz, WorkerHero has swiftly emerged as a leader in AI-driven recruitment solutions aimed at addressing the critical shortage of skilled workers across Europe….
Vsim, a groundbreaking simulation startup co-founded by former Nvidia executives, has successfully raised $21.5 million in a seed funding round. The investment was spearheaded by EQT Ventures and supported by notable participants including Factorial Fund, Samsung Next, Tru Arrow, Xora, a subsidiary of Temasek, IQ Capital, Koro Capital, Concept Ventures, Lakestar Scout Fund, and investor…
