CryptoAutos, a pioneer in the Real-World Asset (RWA) space, has acquired a fleet of vehicles worth $20 million in Dubai, marking a significant step forward in bridging digital assets with physical assets. This acquisition underscores CryptoAutos’ commitment to redefining vehicle ownership and investment through blockchain technology. Bringing RWAs to the Forefront Real-World Assets (RWAs) have… Continue reading CryptoAutos Acquires $20M Rental Fleet in Dubai, Advancing Real-World Asset (RWA) Adoption
Author: FINSMES Online News
Infomedia To Buy 50% of Intellegam
Infomedia (ASX: IFM), Sydney, Australia-based, DaaS and SaaS solutions company, announced that it has entered into a binding agreement to acquire 50% of European AI startup, Intellegam, a Munich, Germany-based early-stage AI startup, primarily servicing the retail automotive sector. The purchase price of ~A$10M is split between cash and Infomedia shares and will be paid over two… Continue reading Infomedia To Buy 50% of Intellegam
What Happened to Cazoo After 2021 £6bn Valuation?
Three years after Cazoo’s public listing on the New York Stock Exchange, which saw the online used car seller valued at £6.3 billion, the operator entered administration last summer. Within a matter of weeks, the Cazoo brand and its marketplace technology was sold to Motors.co.uk in a cut-price deal worth just £5 million. Cazoo’s administrators,… Continue reading What Happened to Cazoo After 2021 £6bn Valuation?
Motif Raises $46M in Seed and Series A Funding
Motif Systems, a San Francisco, CA-based provider of a building design platform, raised $46M in Seed and Series A Funding. The round was led by CapitalG, and the previously undisclosed Seed round was led by Redpoint Ventures. Pre-seed venture firm Baukunst also participated in both rounds. The company intends to us etch funds to expand operations and its… Continue reading Motif Raises $46M in Seed and Series A Funding
Athenic AI Raises $4.3M in Funding
The Athenic AI team (from left to right): Jonah Park, Ricky Ho, CEO Jared Zhao, Evan Grobar, and Peiyao Wang. Athenic AI, a San Francisco, CA-based company which specializes in the data analysis and business intelligence (BI) space, raised $4.3M in funding. The round was led by BMW i Ventures and joined by TenVC, Scrum Ventures,… Continue reading Athenic AI Raises $4.3M in Funding
Finout Raises $40M in Series C Funding
Finout, a Tel Aviv, Israel-based FinOps-for-enterprise platform, raised $40M in Series C funding. The round was led by Insight Partners, with participation from Pitango, Team8, Red Dot Capital, and Maor Investments. The company intends to use the funds to expand operations and its development efforts. Led by CEO Roi Ravhon, Finout develops a cloud cost… Continue reading Finout Raises $40M in Series C Funding
UVeye Raises $191M in Funding
UVeye, a Teaneck, NJ-based AI-driven vehicle inspection technology company, raised $191M in funding. The round, which brought the total amount to $380.5M, was led by Woven Capital with participation from UMC Capital and MyBerg along with existing investors W.R. Berkley, Menora Mivtachim, and More Investment House for $41M in equity financing; Trinity Capital structured the $150M debt facility. The company intends to use the funds to expand globally, increase large-scale… Continue reading UVeye Raises $191M in Funding
Mangrove Lithium Raises $35M in Strategic Financing
Mangrove Lithium, a Delta, BC, Canada-based lithium conversion company, raised $35M in Strategic funding. Backers included Mitsubishi Corporation, Asahi Kasei Corporation, InBC Investment Corp., Orion Industrial Ventures, Export Development Canada, Breakthrough Energy Ventures, BMW i Ventures, and BDC Capital. The company intends to use the funds to expand operations and its development efforts. Led by… Continue reading Mangrove Lithium Raises $35M in Strategic Financing
Earth AI Raising $20M in Series B Funding
Earth AI, San Mateo, CA-based predictive explorer for clean energy metals, raised $20M in Series B funding. The round was led by Tamarack Global and Cantos Ventures. Other investors included Overmatch, Alpaca, Sparkwave Capital, and support from existing investors including Y Combinator and Scrum Ventures. The company intends to use the funds to drive AI… Continue reading Earth AI Raising $20M in Series B Funding
Shift4Good Closes First fund, at €220M
Shift4Good, a Paris, France and Singapore-based global impact investment fund dedicated to decarbonizing the transportation sector, closed its first fund, at €220m. The fund’s diverse investor base includes Tier-1 corporates, institutional investors, and family offices from Europe and Asia. Notable LPs include Renault Group, BNP Paribas Group, Bpifrance, European Investment Fund (EIF), Edenred, PSA Ventures… Continue reading Shift4Good Closes First fund, at €220M