Echelon, a pioneering decentralized lending protocol, has announced a successful $3.5 million seed funding round aimed at revolutionizing decentralized finance (DeFi) lending on Move-based blockchains. The investment round was led by Amber Group and included contributions from key players such as Laser Digital, Saison Capital, Selini Capital, Interop Ventures, and Re7. Echelon is poised to…
Nium, a global leader in real-time cross-border payments, has secured a spot on CNBC’s esteemed ‘World’s Top Fintech Companies 2024’ list. This accolade celebrates Nium’s pivotal role in revolutionizing global financial transactions, underlined by a year of exceptional growth marked by new global licenses, significant funding, and a burgeoning client base. The global landscape of…
CytoReason, a trailblazer in computational disease models for biopharma R&D, has secured $80 million in a funding round led by OurCrowd, NVIDIA, Pfizer, and Thermo Fisher Scientific. This substantial investment marks a pivotal moment for CytoReason as it accelerates its mission to revolutionize pharmaceutical decision-making through advanced AI technology. The new funding will propel CytoReason’s…
InventWood, a leader in transforming undervalued wood into cutting-edge climate-resilient Superwood products, has announced the successful closure of an $8 million funding round. This investment, which includes participation from Grantham Foundation, Builders Vision, Echelon, and prominent clean technology entrepreneur John Rockwell, brings InventWood’s total funding to over $77 million. Concurrently, the company has appointed Dr….
Italian startup Involve, a pioneering force in stratospheric balloon technology, has successfully closed a €2.5 million Seed funding round. This significant investment follows the company’s impressive track record of 30 commercial launches and rigorous testing of its innovative technology. Involve specializes in advanced stratospheric pseudo-satellite platforms, combined with cutting-edge software to deliver real-time, high-resolution data….
DataCore Software, a trailblazer in data infrastructure and management, has marked a significant stride by raising US$60 million in a financing round spearheaded by Vistara Growth. This financing underscores DataCore’s pivotal role in reshaping data ecosystems with AI-driven advancements spanning core, edge, and cloud deployments. The infusion of capital from Vistara Growth, renowned for its…
Formation Bio, a pioneering force at the intersection of technology and pharmaceuticals, has announced a landmark achievement with the closure of a $372 million Series D financing round. This funding round was led by prominent investors including a16z and Sanofi, with continued support from existing backers such as Sequoia, Thrive, Emerson Collective, and Lachy Groom,…
In the quiet corridors of interventional radiology, change is seldom dramatic — but sometimes it’s seismic. That may be the case for Polyembo, the Longmont-Colorado based medical-device startup, which has just closed a fresh round of funding led by a multinational strategic investor. The proceeds are earmarked for advancing its next‐generation vascular embolic systems, including…
German data management innovator, One Data, has achieved a significant milestone with a €32 million Series B extension round, co-led by prominent European deep tech and software investors Vsquared Ventures, Molten Ventures, and HV Capital. Founded in 2012, One Data specializes in AI-powered data product builders, revolutionizing how businesses create, manage, and distribute data products…
gaiia, the innovative operating system tailored for Internet Service Providers (ISPs), has announced a successful Series A funding round, raising US$13.2 million. The investment was led by Inovia Capital, with participation from GTMfund, General Advance, Simon De Baene, Manon Brouillette (ex-CEO of Videotron and Verizon Consumer Group), and existing investor YCombinator. This funding infusion will…
