AI computing firm Blaize said on Monday it has raised $106 million in funding, including from existing investors such as Mercedes-Benz and Temasek. Other existing investors such as Bess Ventures, Franklin Templeton and Denso, besides new investors such as Rizvi Traverse, Ava Investors and BurTech LP also participated in the fundraising, the company said in a statement, without disclosing the details on its valuation. The fundraise reflects the frenzy that had helped the AI sector attract a major...
Pune-based agritech firm Ecozen on Friday said it has raised $30 million (about Rs 250 crore) in a mix of equity and debt from existing investors including US-based global investment manager Nuveen.The debt support in the deal was fulfilled by InCred Credit Fund and U.S. International Development Finance Corporation through Ecozen’s exclusive advisor Setuka Partners, said a company statement.Ecozen said it has grown fivefold over the past two years, with a threefold increase in profit. The maker...
Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...
Puffer Finance secures $18 million in funding round led by Brevan Howard Digital and Electric Capital. Crypto exchanges Coinbase and Kraken also invest in the Ethereum liquid restaking protocol. Puffer Finance, an Ethereum liquid staking protocol on Eigenlayer, has raised $18 million in its latest funding round. An announcement on Tuesday says Brevan Howard Digital […]
Silicon Valley-headquartered fund Tribe Capital is doubling down on ecommerce logistics startup Shiprocket through its newly set up special purpose vehicle (SPV) in India.Tribe’s cofounder, Arjun Sethi, told ET in an interaction that the SPV will not only invest in but also build and buy out companies here — a departure from the typical framework under which global venture capital firms operate in India.The SPV will invest $75 million in Shiprocket, where the fund is already the largest...
Global Founders Capital, the Berlin-based early-stage VC firm with close ties to the German startup factory Rocket Internet, is going to become the venture arm of Rocket Internet. The VC previously raised two $1 billion funds and, just a few years ago, its name appeared in dozens of deals per year. But then, things quietened […] © 2024 TechCrunch. All rights reserved. For personal use only.
Former Zomato senior executive Mohit Gupta and Myntra founder Mukesh Bansal have raised $26 million in seed money for their omnichannel fashion startup Lyskraft, making it one of the largest early-stage rounds for an Indian startup amid the ongoing funding crunch.The round was led by Peak XV Partners, formerly Sequoia Capital India, Gupta told ET, adding that the seed money will help the partnership take forward the plan of building an omnichannel play as a marketplace for premium brands,...
Shiba Inu gets a major boost amid a $12 million token sale Milei Moneda attracts investors as presale accelerates, promises a significant return for early bird backers $MEDA is in stage 2 of presale, with price at $0.0125 Shiba Inu’s (SHIB) crypto stride receives a $12 million boost as investors flock to its privacy-focused blockchain, […]
The OpenAI Startup Fund, a venture fund related to — but technically separate from — OpenAI that invests in early-stage, typically AI-related companies across education, law and the sciences, has quietly closed a $15 million tranche. According to a filing with the U.S. Securities and Exchange Commission, two unnamed investors contributed the $15 million in […] © 2024 TechCrunch. All rights reserved. For personal use only.
A third major US stoppage in two years would cement fears the TV business, which already faces extinction-level threats, is moving into an era of rolling strikes. The US actors’ strike had been over
Medulance, an emergency healthcare services startup, has raised $3 million in Series A funding, led by Alkemi Growth Capital.The funding round also saw participation from investors such as Dexter Capital, Boat founder Aman Gupta, and Emcure Pharmaceuticals’ executive director Namita Thapar. The New Delhi-based startup has raised fresh capital after running as a profitable bootstrapped company for six years, it said in the statement.The funds will be used to increase its presence across the...
Did you make it to this event?