Fernride, a German startup that develops self-driving trucks for logistics yards, announced on Wednesday that it has raised $50 million in a Series A funding round. The round was led by new investors Munich Re Ventures, Bayern Kapital and former Siemens executive Klaus Kleinfeld, who will join the board as chairman. Existing investors, including HHLA…
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Spectarium secures $5.3 million seed funding for AI-powered action RPG Myths
Spectarium, a Finnish game developer, has raised $5.3 million (€5 million) in seed funding to create its first cross-platform action RPG, Myths. The game will use AI to personalize the dungeon-crawling gameplay and setting based on each player’s tastes and behavior. Myths will be set in a world inspired by ancient mythologies, but with dynamic…
Laser Digital launches their Bitcoin Adoption Fund
LONDON: Nomura’s digital assets subsidiary, Laser Digital, today announces the launch of their Bitcoin Adoption Fund. The fund, which provides a seamless way for institutional investors to access the digital asset class, will be the first in a range of digital adoption investment solutions that Laser Digital Asset Management will bring to the market. The…
ZayZoon raises $34.5 million in Series B funding
ZayZoon, a Phoenix-based company that provides earned wage access (EWA) to small and mid-sized businesses (SMBs), has secured $34.5 million in debt and equity for its Series B financing. The round was led by Framework Venture Partners, a Toronto-based venture capital firm that invests in software, financial services, fintech, and artificial intelligence sectors. Export Development…
HiddenLayer secures $50 million Series A funding
HiddenLayer, an AI security company based in Austin, Texas, has raised $50 million in a Series A funding round led by M12, Microsoft’s Venture Fund, and Moore Strategic Ventures. The round also saw participation from Booz Allen Ventures, IBM Ventures, Capital One Ventures, and Ten Eleven Ventures. The company, which was founded in March of…
Tabular raises $26M in funding to expand data platform
San Jose-based data platform provider Tabular has successfully concluded a funding round, securing $26 million in investment. This round, led by Altimeter Capital and featuring participation from Andreessen Horowitz and Zetta Venture Partners, brings Tabular’s total funding to $37 million. Tabular, founded by former Netflix executives Ryan Blue, Dan Weeks, and Jason Reid, specializes in…
indie Semiconductor acquires Swiss photonics company EXALOS in a $45 million deal
indie Semiconductor, an Autotech solutions innovator listed on Nasdaq, has announced the completion of its acquisition of EXALOS AG, a privately held Swiss company that specializes in high-performance optical semiconductors. The deal, which was subject to the terms and conditions of a definitive agreement, was valued at approximately $45 million, paid in 6.6 million indie…
Kecia Steelman Becomes President and COO of Ulta Beauty
Ulta Beauty, the largest beauty retailer in the United States, has announced the promotion of Kecia Steelman to President and Chief Operating Officer, effective immediately. Ms. Steelman, who has been with the company since 2014, will oversee all aspects of the company’s operations, strategy, and growth initiatives. Ms. Steelman has been instrumental in leading Ulta…
Writer raises $100 million in a Series B round led by ICONIQ Growth
Writer, a San Francisco-based company that develops a generative AI platform for enterprises, has raised $100 million in a Series B round led by ICONIQ Growth. The funding will help Writer expand its product offerings, customer base, and global presence. Writer’s platform enables enterprises to create high-quality content using its proprietary language models, knowledge graph,…
Levelpath raises $30 million in a Series A round led by Redpoint
Levelpath, a San Francisco-based startup that offers a SaaS platform for procurement and supply chain management, has secured $30 million in a Series A round led by Redpoint. The funding comes after a stealthy $14.5 million seed round, bringing the total raised by the company to $44.5 million. The company, founded by Stan Garber and…
Bevz raises $3.1 million in a round led by Dynamism Capital and Golden Section Ventures
Bevz, a Los Angeles-based startup that provides a SaaS platform for convenience stores, announced today that it has raised $3.1 million in a funding round co-led by Dynamism Capital and Golden Section Ventures. The round also saw participation from several other investors, including Stage 2 Capital, Hustle Fund, Bridge Investments, Tiller Partners, Irish Angels, Operate…
Tim Hortons to launch UK franchise model
Tim Hortons, the Canadian coffee shop brand, is launching a new franchise model in the UK to expand its presence across the country. The brand, which has 75 outlets in the UK since 2017, said the new model will allow franchisees to open both drive-thru and high street restaurants. Tim Hortons is known for its…