ClickPost, a logistics intelligence platform for online retailers, has raised $6 million in a funding round led by early-stage venture capital firms Inflexor Ventures partners and Athera Venture Partners. The round also saw participation from Riverwalk Holdings and its existing investor Rebright Partners.ClickPost said the funds will be used for introducing enhanced products and to extend its presence into new geographical areas, as well as further within its existing regions. We've seen some of...
Zypp Electric, a startup that manages electric vehicle fleets for delivery firms and bike taxi operators, is in talks to raise a fresh round of funding of $40 million led by Silicon Valley-based fund Tribe Capital, two people in the know said.The Gurugram-based startup is likely to be valued at $300-350 million, these people said. This is almost double from its last valuation of around $165-170 million, ascribed after its February 2023 fundraise of $25 million in a mix of debt and equity led by...
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...
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 […]
ELEC, the Romanian electric ridesharing platform, has attracted over €1 million in investment funds ELEC, to become an electromobility system. With these resources, ELEC will develop its own software and integrate ridesharing, rent-a-car, and electric charging services into the same platform. Last year, the company conducted a fundraising campaign on the crowdfunding platform Ronin, raising […]
The $2.5 million will go towards reducing the amount of radiation and providing real-time imaging in one of Regina's catheterization labs.
Sprinto, a risk and compliance automation platform for businesses, has raised $20 million in an equity funding round led by Accel, with participation from existing investors Elevation Capital and Blume Ventures. The funds will be used for research and development (R&D), improving customer experience and expanding into new markets. As companies become more complex, the necessary automation to make the product work needs to be adapted to their environment So, to intelligently adapt the product to...
Chip startup Rivos said on Tuesday it raised $250 million in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence. Nvidia's combination of chips and CUDA software dominates the market for AI-related computing, and Nvidia gobbled up more than 80% market share of AI chips in 2023. But a host of startups and chip giants have started to launch competing products, such as Intel's Gaudi 3 and Meta's inference chip - both unveiled last week. Rivos...
Startup funding in the second week of April 2024 declined by about 67% from the same period a year ago, totalling $73 million across 12 deals.Deal density in the latest week went down to about $6 million per deal, as per Tracxn data. During April 6 to April 12, 2023, startups had raised about $7.4 million per deal.Funding was down sequentially as well, from $58.8 million across 20 funding rounds in the previous week.Of the total corpus raised this week, artificial intelligence (AI) cloud and...
Artificial intelligence startup Symbolica, which develops foundation models to compete with ChatGPT creator OpenAI, announced a $31 million series A funding round led by Khosla Ventures on Tuesday. General Catalyst, Abstract Ventures and Buckley Ventures also participated in the round, the company said. Symbolica has created a framework that will enable it to develop alternatives to the transformer deep learning architecture, said Symbolica CEO George Morgan, who formerly worked at Tesla on...
Startup funding in the first week of April 2024 declined by 41% from the same period a year ago, totalling $52.8 million across 17 deals, even as the total number of deals stagnated at 17.Accordingly, deal density in the latest week went down to about $3 million per deal. During March 30 to April 5, 2023, startups had raised about $5 million per deal.109070029Funding was down sequentially as well, from $215 million across 33 funding rounds in the previous week.109070043Of the total corpus raised...
The Whites have numerous players out of contract, which will need to be replaced in Daniel Farke’s squad, whilst reinforcements are made to the first XI as Leeds challenge to remain in the Premier League or go again at promotion from the Championship. United will also need to find workable solutions for those currently out on loan, many of whom were signed for significant fees on significant wages during the summer of 2022, which preceded relegation from the top flight. Following the release...