An open-source startup Iterative.ai raises USD 20 Million
Iterative.ai, a United States-based open source startup, announced that it raised USD 20 Million in a Series A funding round. The round was led by 468 Capital and Florian Leibert, founder of Mesosphere. The round also saw the participation of Afore Capitals and True Ventures who are the existing investors of the company. With this fundraise the company stands at...
Chinese autonomous driving startup Zongmu receives investment from Xiaomi-backed fund
Chinese autonomous driving system startup Zongmu Technology Shanghai Co. raises US$ 190 million in its latest Series D funding round on 3 June 2021 from Xiaomi-backed investment fund. Investors: Zongmu conducted the series D fundraising in three stages. Hubei Xiaomi Changjiang Industrial Investment Fund Management Co. led the funding round. Japan’s Denso Corp., Fosun Capital Group, Qualcomm Ventures and a...
NY-based Healthcare Management Platform Nayya raises US$ 37M in Series B funding
NY-based Nayya, a leading insurance benefits experience and healthcare management platform, raised US$ 37M in Series B financing on 2 June 2021. Investors: The funding round was co-led by SVB Capital and ICONIQ Growth, with participation from Bow Capital, Felicis Ventures, Social Leverage and SemperVirens. Existing investors include Guardian Strategic Ventures and Unum Business Ventures, alongside health insurer CNO Financial...
Logistics startup Locus raises USD 50 million
On June 2, 2021, Locus a logistics startup based in Bengaluru, announced that it raised USD 50 Million in a Series C funding round. This funding round was led by GIC, a Singapore based sovereign wealth fund. This round saw the participation of many other popular investors too, and the list goes like, Tiger Global and Falcon Edge, who are...
Molecule.one raises USD4.6 million in a funding round
Molecule.one, a computational chemistry outfit based in Poland, announced that it raised USD million in a seed funding round. The round was led by Atmos Ventures. The funding round also saw the participation of investors like AME Cloud Ventures, Inventures, Cherubic Ventures, Sunfish Partners, Firlej Kastory, Luminous Ventures, and a few individuals, including Sebastian Guth. Molecule. one claims that it will...
GalaxEye a spacetech startup raises pre-seed round
Chennai based, spacetech startup backed by IIT Madras, GalaxEye announced that it raised an undisclosed amount in a pre-seed funding round. This funding round was led by Speciale Invest. The startup stated in a press statement, that the latest fundraised amount build a rigid technology and strengthen infrastructure, development of prototypes and build a team to help GalaxEye in increasing...
Startupbootcamp partners with Mitsubishi and Nippon Yusen to launch a 3-month startup accelerator program
Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) have teamed up with Startupbootcamp Australia (SBC Australia) to launch a new 3-month startup accelerator program from October-December 2021, designed to promote efforts to decarbonize the world. Startupbootcamp Australia (SBC Australia) is a branch of one of the largest Europe-origin accelerators Startupbootcamp Group. SBC Australia specializes in energy-related acceleration and has...
Dubai Airshow 2021 calls for disruptive startups to apply for Vista Pitch Competition
Dubai Airshow 2021, in partnership with Gothams, a leading accelerator helping to build the next generation of aerospace and defence startups have launched the Vista pitch competition to be held between 14-18 November 2021. The pitching competition aims to support disruptive startups in shaping the future of the aerospace industry. Startups from all over the world can apply to showcase...
Explained: Sovereign Wealth Funds
Sovereign wealth funds (SWF), the titans of the venture capital world, command more than $8 trillion (USD) in combined assets or roughly 10% of the worldwide assets under management (AUM). The term sovereign wealth fund, which was coined in 2005, signifies a mechanism through which countries make investments.
Rocketbot raises USD 2.1 million in pre-Series A
Rocketbots, a Chile-based robotics automation startup, announced that it raised USD 2.1 Million in pre-series A round. This funding round was led by Consorcio, a leading financial services company and the largest insurance group in Chile, and Manutara Ventures. The round also saw the participation of firms like Compusoluciones and a regional venture capital company Angel Ventures. The startup plans to...
