SOUTHAMPTON: AccelerComm, a leader in high-performance 5G technology for satellite networks, has closed a $15 million funding round to advance its direct-to-device (D2D) communications solutions. The investment, led by IP Group plc (LSE: IPO), will support the development and deployment of AccelerComm’s 5G satellite communications products, enabling seamless connectivity between mobile devices and space-based networks….
Tag: Funding
Tessell secures $60 million to revolutionize database services
SAN RAMON: Tessell, a multi-cloud database-as-a-service startup, has raised $60 million in a Series B funding round led by WestBridge Capital. The new funding will support the company’s expansion efforts and the launch of its AI-powered conversational database management service. Founded four years ago, Tessell aims to address challenges faced by businesses as they manage…
Sizl raises $3.5 million to expand its cook-to-order kitchens
CHICAGO: Sizl, a cook-to-order delivery service based in Chicago, aims to change perceptions by delivering meals made with fresh ingredients in about 30 minutes. The company announced Tuesday that it raised $3.5 million in a seed round at a post-money valuation of $12 million. Unlike traditional dark kitchens that serve as shared spaces for various restaurants, Sizl…
Wind-powered maritime transport company, VELA, raises €40 million
NEW YORK: VELA, a pioneering French company innovating in 100% wind-powered maritime transport, is proud to announce a significant funding round of €40 million ($43 million USD)—a round led by Crédit Mutuel Impact, 11th Hour Racing & BPI – French Public Investment Bank. “This major fundraising marks a key step in VELA’s development. We are…
AmeriCorps announces $370 million funding to support innovative programs
WASHINGTON: AmeriCorps, the federal agency for national service and volunteerism, awarded State Service Commissions and more than 300 nonprofit, faith and community-based organizations more than $370 million in AmeriCorps State and National federal funding. Grants will support nearly 35,000 AmeriCorps members. In addition, more than $177.4 million in funding is being awarded to governor-appointed service commissions,…
Augment Inc. raises $227 million at $977 million valuation
AI coding assistance startup Augment Inc. announced its $227 million Series B round at a $977 million post-money valuation with investments from Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners and Meritech Capital. This brings Augment’s total funding to $252 million, following its $25 million Series A led by Sutter Hill Ventures. The latest…
Ivo raises $4.8 million in funding
SAN FRANCISCO: Ivo (formerly known as Latch), a company specializing in generative AI-powered contract review solutions, has announced a successful funding round of $4.8 million. This investment is aimed at enhancing the capabilities of legal teams, improving their efficiency and accuracy, and accelerating the delivery of business value. The rebranding to Ivo, inspired by the…
Aidium Mortgage CRM secures $19 million in Series A funding
Aidium Mortgage CRM, a pioneer in mortgage technology solutions, has announced the successful completion of a $19 million Series A funding round. The round was spearheaded by PeakSpan Capital, marking a significant vote of confidence in Aidium’s innovative approach to reshaping the mortgage industry. The investment arrives at a critical juncture in the mortgage market,…
EV mini-truck company, TELO secures $5.4M funding in a round led by Neo
TELO, an emerging leader in electric vehicle innovation, has announced a significant $5.4 million funding round led by Neo. The investment, which includes contributions from Spero Ventures and several angel investors, marks a pivotal moment in the company’s expansion. This financial milestone follows a $1.78 million pre-seed round and comes alongside the appointment of Tesla…
FERMAT secures $17 million funding in a round led by Bain Capital Ventures
In a significant boost for personalized e-commerce, FERMAT has announced a $17 million funding round led by Bain Capital Ventures. This investment propels FERMAT’s total capital to over $30 million, enabling it to enhance growth for clients such as True Classic and mindbodygreen. FERMAT’s AI-driven platform offers a tailored shopping experience, adapting storefronts to individual…
Tierra Biosciences secures $11.4M in Series A funding to revolutionize protein synthesis
Tierra Biosciences has successfully secured an $11.4 million Series A funding round, spearheaded by Material Impact. This significant financial boost, with contributions from Prosus Ventures, In-Q-Tel, Hillspire, Freeflow Ventures, Creative Ventures, and Social Capital, will enable the company to expand its innovative cell-free protein synthesis platform. As the creator of the world’s first predictive AI-guided…
EasyKnock raises $28M to expand home equity solutions platform
EasyKnock, the first home equity solutions platform in the U.S., announced a $28 million Series D funding round led by Northwestern Mutual Future Ventures, the venture capital arm of Northwestern Mutual. The round also included new and existing investors. The company will use the new capital to enhance its platform, which offers consumers alternative ways…