California-based AI firm Covariant raises USD 75 million in Series C investment
California's EMERYVILLE — The foremost AI robotics firm in the world, Covariant, revealed that it had raised an additional USD 75 million in Series C investment, bringing its total capital to USD 222 million. The round was co-led by returning investors Radical Ventures and Index Ventures, and it also included money from Amplify Partners and the Canada Pension Plan...
Mumbai-based solar energy startup Prozeal Infra Engineering Pvt. Ltd raises USD 4 million in funding
April 4, 2023 — MUMBAI, India; AHMEDABAD, India; and BANGALORE, India — Alchemie Investments, a division of Chandrakant Gogri's family office, has announced that it would lead the first round of funding for Prozeal Infra Engineering Pvt. Ltd. An unknown price is being paid for a minority ownership worth USD 4 million (around INR 32.5 crore). The money will...
China-based semiconductor startup SJSemi raises USD 340 million in Series C+ funding
JIANGYIN, China, April 4, 2023 — The SJ Semiconductor Company ("SJSemi") has closed a USD 340 million C+ financing deal with seasoned investors. US dollar fundraising has been closed. However, RMB funding will be closed after the applicable ODI (outbound direct investment) regulatory processes have been completed. Legend Capital, Goldstone Investment, Jade Stone Venture, Shang Qi Capital, Leafoison Capital,...
DMI Finance announces the closure of a USD 400 million equity round
Sumitomo Mitsui Trust Bank Limited ("SuMi TRUST Bank"), an existing investor, participated in the USD 400 million equity investment round that was led by Mitsubishi UFJ Financial Group, Inc. through its consolidated subsidiary MUFG Bank, Ltd. ("MUFG"), according to a press release from DMI Finance Private Limited ("DMI Finance"). Both primary and secondary deals are part of this round. Consumption,...
Singapore-based financial services platform Alchemy Pay raises USD 10 million in investment
SINGAPORE, April 3, 2023 — Alchemy Pay has established a strategic agreement with DWF Labs, the renowned multi-stage web3 investment company, to help with its entry into the Korean market. As a result of this collaboration, Alchemy Pay has obtained USD 10 million in investment from DWF Labs. This money will be used to grow its payment company in...
UK-based Acre raises EUR 7.3 million in funding
London, United Kingdom-based provider of a platform for mortgage intermediaries, Acre raised EUR 7.3 million in recent funding. The company announced the fundraise on April 3, 2023. McPike Global Family Office (MGFO) led the financing for the company. Meanwhile, existing investors such as Aviva and Founders Factory joined in the financing. Purpose of investment for Acre With the latest capital injection,...
Canada-based ChopValue raises USD 7.7 million in recent funding
Canada-based company creating sustainable products from recycled materials, ChopValue raised USD 7.7 million in recent funding. The company announced the fundraise on April 3, 2023. Two high-profile technology entrepreneurs with expansion interests in Asia Pacific and Europe led the financing for the company. However, the firm did not disclose the entrepreneurs' names. Meanwhile, corporate venture capital funds and existing...
Singapore-based Horizon Quantum Computing raises USD 18.1 million in Series A
Singapore-based firm building software development tools to unlock the potential of quantum computing hardware, Horizon Quantum Computing, raised USD 18.1 million in Series A. Sequoia Capital India, Tencent, SGInnovate, Pappas Capital as well as Expeditions Fund led the financing for the company. The round took place on March 31, 2023. Purpose of financing for Horizon Quantum Computing With the latest capital...
USA-based Wellth raises USD 20 million in Series B
Los Angeles, USA-based digital health company Wellth raised USD 20 million in Series B. The round took place on March 31, 2023. SignalFire led the financing for the firm. Meanwhile, Frank Williams, Co-Founder and Former CEO of Evolent Health, participated in the Series B funding. In addition, existing investors such as The Social Entrepreneurs' Fund, CD Venture, Yabeo and...
USA-based DataDome raises USD 42 million in Series C
New York, USA-based leading provider of AI-powered online fraud and bot management, DataDome raised USD 42 million in Series C. The round took place on March 31, 2023. InfraVia Growth led the financing for the company. Meanwhile, existing investors Elephant, ISAI, and others joined in the round. Purpose of financing for DataDome With the latest proceeds from the Series C funding,...
