In a remarkable feat of entrepreneurial spirit, high school graduates Christopher Fitzgerald and Nicholas Van Landschoot have secured a substantial $500,000 seed investment for their innovative startup, APIGen. This funding, provided by Varana Capital, marks a significant milestone for the duo as they embark on their journey into the competitive world of tech entrepreneurship. APIGen,…
In a decisive leap forward for cloud security, RAD Security, a trailblazing startup in cloud-native threat detection, has clinched $14 million in a Series A funding round announced today. This infusion of capital, led by Cheyenne Ventures and bolstered by a powerhouse lineup including Forgepoint Capital Management, Lytical Ventures, Akamai Technologies Inc., Vertex Ventures Holdings…
In a significant advancement for the health tech landscape, Exakt Health, a pioneering startup, has successfully raised €2 million in Seed funding. This funding underscores its commitment to revolutionizing sports physiotherapy with the introduction of the first digital therapy certified as a medical device in Germany. As more amateur runners seek to prevent injuries, the…
Berlin-based ground transportation marketplace Distribusion has successfully completed an oversubscribed $80 million Series C funding round, led by TQ Ventures and featuring significant participation from existing investor Lightrock. This new investment will further enhance Distribusion’s mission to revolutionize mass transport accessibility across the globe. Dr. Thomas Doering, CEO of Distribusion, emphasized the urgency of their…
In a bold move that underscores its commitment to innovation in 3D printing, Formlabs has announced the acquisition of Micronics, a dynamic startup emerging from the heart of Wisconsin. Founded by Henry Chan and Luke Boppart, Micronics has distinguished itself with a groundbreaking approach to Selective Laser Sintering (SLS) technology, traditionally confined to high-cost industrial…
Axcelis Technologies, Inc. (Nasdaq: ACLS) has announced the appointment of David Ryzhik as its new Senior Vice President of Investor Relations and Corporate Strategy, effective July 2024. Mr. Ryzhik brings over two decades of extensive experience in investor relations and financial management across various sectors. Most recently serving as Vice President of Investor Relations at…
In a move signalling the next evolution of digital‑infrastructure finance, New York‑based Ornn AI Inc. (doing business as the Ornn Compute Exchange) announced it has raised US$5.7 million in a seed funding round to build what it calls “the world’s first compute futures exchange”. The round was led by Crucible Ventures and Vine Ventures, with additional participation from Link Ventures, Box Group and a consortium…
Exein, a Rome-based cybersecurity firm specializing in embedded Internet of Things (IoT) devices, has marked a significant milestone with the announcement of €15 million in Series B funding. The round, led by cybersecurity and infrastructure software specialist 33N, positions Exein to redefine global standards in device-level security. Unlike traditional cybersecurity approaches that focus on network…
Bee Maps, powered by Hivemapper, has announced a significant $32 million funding round led by Pantera Capital, with participation from LDA Capital, Borderless Capital, and Ajna Capital. This investment underscores strong market confidence in Bee Maps’ mission to revolutionize geospatial data through its pioneering decentralized AI mapping platform. In an era where real-time, hyper-accurate maps…
Great news for Kentucky veterans! USA Cares, a national non-profit headquartered in Louisville, has received a significant grant of $2 million from the Commonwealth of Kentucky. This funding will provide vital financial assistance to veterans across the state, ensuring they receive the support they deserve. The funding, distributed over two years, will be instrumental in…
