When biotech firm VitriVax raised $17.25 million in a Series B funding round, co-led by Adjuvant Capital and RA Capital Management, LP, it revealed more than just money changing hands—it spotlighted a broader fracture point in global immunisation strategy. Based in Boulder, Colorado, VitriVax is tackling two fundamental hurdles in vaccine delivery: the cold-chain barrier and the logistical burden…
In a remarkable advancement for sustainable biopharmaceuticals, Belgian company Bio-Sourcing has successfully secured €12.5 million from the European Innovation Council (EIC) Accelerator. This funding comprises €2.5 million in grants and €10 million in equity, aimed at enhancing the company’s innovative BioMilk platform, which is poised to redefine the production of biotherapeutics, particularly monoclonal antibodies. The…
In a decisive move to globalize its leadership and ambitions, South Korean aesthetics major Hugel Inc. has appointed Carrie Strom, a seasoned US pharmaceutical executive, as its President and Global Chief Executive Officer, effective immediately. This marks the creation of a newly formed global CEO position at Hugel—one that signals a shift from domestic dominance…
Cytactic, a pioneering platform in cyber crisis readiness and management, has raised $16 million in a seed funding round led by Evolution Equity Partners, a prominent cybersecurity venture capital fund. This investment aims to bolster Cytactic’s efforts in fortifying organizations against escalating cyber threats through innovative crisis preparedness solutions. Businesses worldwide are grappling with the…
In a significant stride for the deeptech landscape, AxonJay has successfully raised €1.5 million in funding to advance its innovative AI solutions. This pioneering startup is poised to transform how businesses leverage artificial intelligence, enabling decision-makers to access real-time insights with remarkable accuracy. At the heart of AxonJay’s offering is its groundbreaking Self-Machine-Learning Platform, which…
In a significant boost to the clean hydrogen sector, Hgen, a pioneering startup focused on decarbonizing heavy industry, has announced the successful closure of a $5 million seed financing round. The investment, led by Seven Seven Six, with notable participation from Founders Fund and Fontinalis Partners, will expedite the commercial deployment of Hgen’s innovative alkaline…
In a significant boost for the Czech engineering sector, digital factory PARTORY has successfully secured an investment of €1.25 million from Jet Investment as part of its mission to enhance procurement efficiency and digitize supply chains for engineering and manufacturing firms. This funding will support the development of PARTORY’s software platform and facilitate its expansion…
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…
VidAU, a trailblazer in AI-driven video creation, has announced a significant milestone with the acquisition of new funding from a prominent undisclosed investor within the industry. This strategic infusion of capital is poised to catapult VidAU’s pioneering efforts in enhancing its intelligent algorithms and AI video models, further solidifying its position as a leader in…
STAG Industrial, Inc. (NYSE: STAG) has announced the appointment of Vicki Lundy Wilbon to its esteemed Board of Directors, effective July 1, 2024. Ms. Wilbon brings a wealth of experience in the real estate sector, serving since 1995 at The Integral Group LLC, a prominent firm specializing in urban revitalization through master planned developments. As…
