London, UK-based creative transformation company WPP acquired amp, a Munich, Germany-based sonic branding company. The amount of the deal was not disclosed. amp will join WPP brand and design consultancy, Landor & Fitch, adding to the agency’s expertise in delivering immersive brand identities that transform customer and employee experiences. amp’s expertise will strengthen WPP’s offer in… Continue reading WPP Acquires amp
Author: FINSMES Online News
Cyclic Materials Raises $27M in Series A Funding
Cyclic Materials, a Kingston, Ontario, Canada-based metals recycling company, raised $27M in Series A funding. The round, which brought the total amount to over $30M, was led by Energy Impact Partners and BMW i Ventures with participation from Fifth Wall, Bioindustrial Innovation Canada (BIC), and existing investor Planetary Technologies. The company intends to use the… Continue reading Cyclic Materials Raises $27M in Series A Funding
Karate Combat Raises $18M in Funding
Karate Combat, a sports league structured as a decentralized autonomous organization, raised an $18m funding round. The round was led by BITKRAFT Ventures, with additional participation from Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, Lattice, M13, Santiago R Santos, RookieXBT and others. Prior investors include the League’s founders, Packy McCormick’s Not Boring Capital,… Continue reading Karate Combat Raises $18M in Funding
Avalanche Energy Closes $40M Series A Funding
Avalanche Energy, a Seattle, WA-based fusion energy startup developing modular fusion micro-reactors, raised $40M in Series A funding. The round was led by Lowercarbon Capital, with major participation from Founders Fund and Toyota Ventures, Congruent Ventures, Grantham Foundation, Clear Path, Autodesk, MCJ Collective, the Climate Capital Syndicate. The company intends to use the funds to… Continue reading Avalanche Energy Closes $40M Series A Funding
Productive Machines Raises £2.2M in Seed Funding
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
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