In a strategic realignment aimed at consolidating its global investment businesses, Sun Life Financial Inc. has named Tom Murphy as President of its newly unified asset management division, Sun Life Asset Management. The move is set to bring all of the company’s asset management operations under one umbrella for the first time. Murphy, a seasoned…
Israeli medtech startup CustoMED has closed a $6 million funding round aimed at scaling its AI-driven, 3D-printed solutions for patient-specific orthopedic surgery. The round brought together strategic investors including Longevity Venture Partners, Varana Capital, Flag Capital, the Israel Innovation Authority, a leading orthopedic implant company, and Avishai Abrahami, co-founder and CEO of Wix. CustoMED’s platform…
In a pivotal stride towards advancing climate resilience and infrastructure management, Berlin-based LiveEO has successfully secured €25 million in funding. This financial boost underscores their commitment to harnessing AI-powered satellite data for critical environmental insights. LiveEO specializes in harnessing high-resolution satellite imagery and cutting-edge algorithms to deliver precise and actionable information. Their technology aids infrastructure…
Rocketlane, a leading provider of AI-powered solutions for professional services teams, has announced a significant milestone with the closing of a $24 million Series B funding round. The investment round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners, bringing Rocketlane’s total funding to $45 million. Rocketlane aims to transform how professional services…
Cloudian, a pioneer in secure S3-compatible AI data lake platforms, has announced a significant milestone with the closing of a $23 million growth financing round led by Morgan Stanley Expansion Capital. This investment underscores Cloudian’s robust performance in the burgeoning market of AI data management solutions. The funding infusion will propel Cloudian’s strategic initiatives in…
In a significant stride towards revolutionizing the treatment of abdominal aortic aneurysms (AAA), Endoron Medical has announced the successful closure of a $10 million Series A funding round. Led by Sofinnova Partners and bolstered by contributions from the European Innovation Council Fund, this funding marks a pivotal moment for Endoron as it accelerates the development…
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…
Hayden AI Technologies, a frontrunner in vision AI solutions tailored for smart cities, has secured a substantial $90 million in Series C funding. The round was spearheaded by The Rise Fund, the impact investing arm of TPG, alongside contributions from existing backers such as the Drawdown Fund and Autotech Ventures. This infusion of capital will…
Zapp Electric Vehicles Group Limited (Nasdaq: ZAPP), the pioneering force behind the British electric vehicle brand Zapp, has announced a substantial enhancement in its financial backing to propel the global deployment of its innovative i300 electric urban motorcycle. Under a new standby equity purchase agreement (New SEPA) with an affiliate of Yorkville Advisors Global, LP,…
Alosant, a trailblazer in customer experience technology for master-planned communities, proudly announces the completion of its Series A funding round, spearheaded by Greg Avis, co-founder and former Managing Director of Summit Partners. This pivotal development, combined with strategic leadership appointments, positions Alosant for significant growth and innovation in the proptech sector. Greg Avis, now Managing…
