SAN FRANCISCO — Elon Musk’s artificial intelligence company, xAI, has secured $6 billion in a Series C financing round, bringing its total funding to $12 billion. This announcement follows a $6 billion raise earlier in May, as reported by TechCrunch on Wednesday. The latest round saw participation from prominent investors including Andreessen Horowitz, BlackRock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, […]
UK-based Watercycle Technologies is pleased to announce the closure of a $5.6 million Series A investment round led by Par Equity as part of a syndicate with Greater Manchester Combined Authority (‘GMCA’), Aer Ventures and the University of Manchester Innovation Factory. This investment will enable Watercycle to rapidly scale up and commercially deploy its technology to deliver […]
SAN FRANCISCO–(BUSINESS WIRE)–Writer, a pioneering full-stack generative AI platform for enterprise applications, has announced a successful $200 million Series C funding round, elevating its valuation to $1.9 billion. Co-led by Premji Invest and Radical Ventures, with significant support from existing investor ICONIQ Growth, the funding round also saw participation from Salesforce Ventures, Adobe Ventures, B […]
Aarhus, Denmark – November 4, 2024 – Cordulus, an innovative provider of AI-based weather prediction solutions, announced today it has raised €3 million in funding. The investment was led by international agricultural leader Danish Agro and the Pajbjerg Foundation, two prominent supporters of the company’s mission to transform weather forecasting with hyper-accurate, AI-driven insights. The […]
Amsterdam, Netherlands – TAGGRS, an Amsterdam-based innovator in server-side data tracking, has secured €2 million in growth funding from No Such Ventures. The new funding will fuel TAGGRS’ mission to become a global leader in server-side tracking and data management, providing businesses with a privacy-compliant, accessible, and effective tracking solution as third-party cookies phase out. […]
Helsinki, Finland – October 8, 2024 – Synergi, a Finnish technology company advancing sustainable energy solutions, has announced the successful completion of its €2 million seed funding round. The round was led by Greencode Ventures, with participation from new investor Vaens, alongside existing backers Lifeline Ventures, APX (the first-cheque investor of Porsche & Axel Springer), […]
Barcelona, Spain – [08-Oct-2024] KomboAI, an innovative Barcelona-based startup specializing in Artificial Intelligence (AI) solutions for sales teams, has successfully raised €700,000 in its first pre-seed investment round. The funding was led by Demium Capital, alongside Encomenda and Eoniq, with the support of notable business angels including Daniel Visa, Charles Simonetti, Roger Sindreu, and Jared […]
Paris, October 3, 2024 – Paris-based startup Formality has successfully raised €8 million in a funding round to advance its AI-powered contract management platform designed to simplify and streamline contract workflows for businesses. The funding round was co-led by leading venture capital firms Partech and Serena, with an additional €2.4 million investment from BPI France, […]
Milan, Italy – Nexi Group, a leading European PayTech company, has successfully secured €220 million in financing from the European Investment Bank (EIB). The funds will be used to drive significant innovation and enhance the infrastructure of digital payments across Europe. This financing will enable Nexi to lead multiple cutting-edge projects aimed at modernising payment […]
OpenAI Secures $6.6 Billion in Funding, Valuing the Company at $157 Billion Amid Leadership Changes October 3, 2024 – OpenAI, the creator of the popular AI tool ChatGPT, has raised $6.6 billion in a recent funding round, which could value the company at a staggering $157 billion. This latest capital injection cements its position as […]