Productive Machines, a Sheffield, UK-based artificial intelligence (AI) startup reducing lead times, cycle times, maintenance, component waste and carbon emissions for major manufacturers, raised £2.2m in Seed funding. UK Innovation & Science Seed Fund (UKI2S) led the round with participation from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse… Continue reading Productive Machines Raises £2.2M in Seed Funding
Author: FINSMES Online News
12 Quantum Computing Startups To Watch
The use of quantum computers globally to provide more precise solutions at speed calculations completed in a matter of seconds is meaningfully accelerating the commercial development for quantum computing. To support the expansion of the industry, more people will use quantum computing as a service (QCaaS) in several industries such as defense, finance, chemicals, and… Continue reading 12 Quantum Computing Startups To Watch
Inshur Raises USD $26M; Acquires American Business Insurance Services
Inshur, a New York, London, UK and Amsterdam, The Netherlands-based on-demand insurance provider, raised USD$26M in funding. Backers included JVP, Munich Re Ventures, Viola Fintech and MTech Capital. Inshur has also made a strategic acquisition of American Business Insurance Services (ABI) to expand and scale its operation across the United States. Founded in 2016 and… Continue reading Inshur Raises USD $26M; Acquires American Business Insurance Services
Autotech Ventures Raises USD230M For Third Fund
Autotech Ventures, a Menlo Park, CA-based early-stage venture capital firm with a mission to solve the world’s ground transportation challenges with technology, closed its third fund, at $230m. The fund will be used to invest in Seed through Series C mobility-related startups. Autotech has over $500M under management and has invested in more than 40 companies. Of… Continue reading Autotech Ventures Raises USD230M For Third Fund
Mansa Raises $8M in Seed Funding
Mansa, a Los Angeles, CA-based streaming platform for curated global Black cultural content, raised $8M in Seed funding. The round was led by MaC Venture Capital, with participation from WndrCo, Mike Novogratz’s Galaxy Investment Partners, Base Ventures, Dubin & Co, Rainmaker Films, Robert F. Smith, James Norman, and Wemimo Abbey. The company intends to use… Continue reading Mansa Raises $8M in Seed Funding
SoundHound AI Secures $100M in Strategic Financing From Atlas Credit Partners
SoundHound AI (Nasdaq: SOUN), a Santa Clara, CA-based company which specializes in in voice artificial intelligence, received a $100M loan. The financing was provided by Atlas Credit Partners. The Credit Agreement also allows SoundHound AI to potentially tap into additional capital of up to $25M. The company intends to use the funds to drive further… Continue reading SoundHound AI Secures $100M in Strategic Financing From Atlas Credit Partners
Whizz Raises $3.4M in Seed Funding
Whizz, a New York-based provider of an e-bike subscription platform, raised $3.4M in Seed funding. The round, which brought the total amount to $4.5M, saw participation from Joint Journey, TMT Investments and a group of angel investors. The company intends to use the funds to accelerate its growth, upgrade the platform and set up new… Continue reading Whizz Raises $3.4M in Seed Funding
Energy Exploration Technologies Raises $50M in Series B Financing
Energy Exploration Technologies, a Ft. Lauderdale, FL- and Austin, TX-based clean-tech energy company, raised $50M in Series B funding. The round was led by GM Ventures with participation from other investors. The company intends to use the funds to broaden its research and development efforts for pure lithium metal anodes and its solid-state lithium metal… Continue reading Energy Exploration Technologies Raises $50M in Series B Financing
Kite Closes $200M Equity Funding
Kite, a NYC-based next-generation commerce company specializing in scaling high-potential brands, closed on a commitment of $200m in equity. Backers included funds managed by Blackstone and founding partner Juxtapose. Founded by Rob Solomon, Juxtapose, and Blackstone in 2022, Kite is a commerce company specializing in scaling high-potential brands developing the infrastructure and technologies they need to scale their… Continue reading Kite Closes $200M Equity Funding
beaconsmind Acquires Socialwave
beaconsmind (ISIN: CH0451123589 – Ticker: 81D), a Zurich, Switzerland-based provider of location-based marketing (LBM) software for retail chains, acquired Socialwave, a Munich, Germany-based automated location-based marketing service provider. The amount of the deal was EUR 10M, through a combination of low-coupon debt, cash and 350,000 new beaconsmind shares to the sellers. With the acquisition, beaconsmind… Continue reading beaconsmind Acquires Socialwave