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...
In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reports dramatic sales drops compared against the same time last year.
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 […]
A unit of France's national development bank said on Monday it had teamed up with an operator of electric vehicle rechargers to finance the deployment of nearly 10,000 points at businesses switching their fleets of vehicles.
The Ravens and the Orioles are coming together for the city of Baltimore donating a combined $10 million to the Francis Scott Key Bridge collapse emergency relief fund. The two professional sports organizations announced the amazing gesture on…
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...
Silicon Valley chip startup SiMa.ai raised $70 million in a funding round led by Maverick Capital to develop chips designed to speed up AI applications within everyday consumer devices from cameras to cars.Point72 and Jericho joined the venture firm in the financing along with existing backers Amplify Partners, Dell Technologies Capital and Fidelity Management. The San Jose firm, which has now raised $270 million in total, designs processors that aim to help devices understand what they see or...
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...