Origin Robotics, a rising star in Latvia’s defence tech sector, has secured €4.5 million in funding from the European Defence Fund (EDF) to develop a revolutionary drone system equipped with laser-targeting capabilities. The grant marks a significant step forward for the Riga-based startup, which specializes in autonomous systems and precision-guided weaponry. The funding will support…
Riverlane, a leader in quantum error correction (QEC) technology, has announced a successful Series C funding round, raising $75 million to advance its pioneering QEC roadmap. The round was led by Planet First Partners, with participation from ETF Partners, EDBI, and existing investors Cambridge Innovation Capital (CIC), Amadeus Capital Partners, the UK’s National Security Strategic…
In a groundbreaking collaboration set to redefine the landscape of legaltech, UK-based startup Orbital Witness has partnered with First Title Insurance, a subsidiary of First American Financial Corporation, to introduce AI Reliance—a pioneering insurance-backed guarantee for accuracy in AI-driven legal products. This unprecedented initiative marks a significant milestone in the professional services industry, particularly in…
MarketSizer, the cutting-edge Irish market intelligence platform, has announced a significant achievement with the successful closure of a €1 million Pre-Seed funding round. This milestone funding effort was led by esteemed venture capital firm Delta Partners, complemented by strategic backing from Enterprise Ireland and a consortium of angel investors. Founded in 2023 by tech industry…
In a significant stride towards advancing enterprise and government applications of generative AI, Espoo-based startup ConfidentialMind has raised €1.5 million in a pre-seed funding round. This investment, spearheaded by Failup Ventures and complemented by participation from Angel CoFund and notable angel investors, marks a pivotal moment for the company founded just a year ago. Founded…
Create Wellness, Inc., a trailblazer in the health and wellness sector, has successfully raised $5 million in Series A funding, spearheaded by Unilever Ventures. This latest investment boosts Create Wellness’ total funding to $7.3 million. The funds will be instrumental in advancing the company’s mission to broaden access to its pioneering creatine-based products. Founded by…
Oldcastle BuildingEnvelope, Inc. (“OBE”), a premier manufacturer, fabricator, and distributor of architectural hardware solutions and glazing systems across North America, proudly announces the appointment of Mark Adamson as its new Chief Executive Officer, effective July 1, 2024. Mark Adamson brings over 35 years of exemplary leadership in the global building products sector to OBE. His…
Sora Fuel, an innovative startup specializing in sustainable aviation fuel (SAF), has successfully closed an oversubscribed $6 million seed funding round. The investment was led by The Engine Ventures, with additional backing from Wireframe Ventures and other prominent investors. This funding will enable Sora Fuel to expand its Boston-based team, forge commercialization partnerships, and advance…
Credo AI, a frontrunner in AI governance solutions, has successfully closed a $21 million Series B funding round, bringing its total funding to $41.3 million. This round saw significant contributions from CrimsoNox Capital, Mozilla Ventures, and FPV Ventures, alongside continued support from Sands Capital, Decibel VC, Booz Allen Hamilton, and AI Fund. The new capital…
In a remarkable development, Bilt Rewards, the leading loyalty program for home and neighborhood transactions, has secured an additional $150 million in funding. This latest round, led by Ontario Teachers’ Pension Plan Growth (TVG) and supported by new contributors including the Vanderbilt Endowment and the University of Illinois Foundation, augments Bilt’s total funding to $50…
