Australian alt-meat company Fenn Foods, which recently entered liquidation, has been acquired by local peer Smart Foods. The deal includes Fenn Foods’ major assets such as the Veef and Love Buds brands, along with plant, stock, and equipment, according to insolvency firm Fort Restructuring. Financial terms of the acquisition were not disclosed. Smart Foods, based…
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Australia appoints VFS Global to deploy biometric collection for Sub-Saharan Africa
Government of Australia has appointed VFS Global to provide biometric collection services for Sub-Saharan Africa. VFS Global is the world’s leading outsourcing and technology service specialist for governments and diplomatic missions. This is in addition to the seven regions awarded in August 2023 to provide biometric collection services –the Americas, Mekong, Middle East and North…
Techbio company Antiverse raises another £3.5 million seed funding
CARDIFF: Antiverse, a techbio company designing antibodies for challenging targets, today announced it has added £3.5M ($4.6M) to its seed funding. The investment will facilitate the Company’s growth, including appointments to strengthen the team and continued development of its antibody design programmes, many in partnership with pharmaceutical companies. The latest investment round was led by…
KSA and UAE lead MENA startup funding with $328.3 million in September
DUBAI: In September 2024, Saudi Arabia and the UAE emerged as the giants of startup funding in the MENA region, according to research by Rasmal, a MENA-focused media agency. The Middle East and North Africa’s burgeoning startup ecosystem secured a substantial $328.3 million across 60 startups, with backing from 36 different investors. This influx of…
COVU Inc. raises $12.5 million in Series A funding round
SAN FRANCISCO: COVU Inc., a leader in AI-native services for insurance agencies, today announced the successful completion of $12.5 million in equity and debt financing, as part of the first tranche of its Series A funding round. This brings total funding to date to over $20 million. The funding round attracted investment from prominent investors…
watchTowr announces $19 million Series A funding round led by Peak XV
SINGAPORE: WatchTowr, the cybersecurity startup redefining External Attack Surface Management, today announced a $19 million Series A funding round led by Peak XV, formerly known as Sequoia India & Southeast Asia, with repeat participation from Prosus Ventures and Cercano Management. The company will use the funds to capture market leadership and accelerate global growth by…
Ripple launches bank-grade custody solution to crypto businesses
SAN FRANCISCO: Ripple, the leading provider of digital asset infrastructure, announced the launch of new features and functionality to Ripple Custody, bringing the benefits of its market-leading bank-grade custody technology to fintechs and crypto businesses. The latest update includes a transaction screening service integration, added hardware security module (HSM) options, an XRPL integration for tokenizing…
clock.bio raised $5.3 million in seed funding led by LocalGlobe
CAMBRIDGE: clock.bio, a healthspan biotech, raised $5.3 million in seed funding led by LocalGlobe, with participation from BlueYard Capital, Onsight Ventures, and Dr. Jonathan Milner, the Founder of Abcam. The company has made significant progress in decoding the biology of human rejuvenation, identifying more than 100 genes that jointly constitute an “Atlas of Rejuvenation Factors.” While all…
New Adobe app to help creators protect their work from AI use
Adobe announced on Tuesday that it will launch a free web-based app next year to help creators of images and videos receive credit for their work used in AI systems. Since 2019, Adobe and other tech companies have been developing “Content Credentials,” a digital stamp for photos and videos that indicates their origin and creation…
Fintech company Facet raises $35 million in a round led by Multiplier Capital
BALTIMORE: Facet, the fintech company that is building the future of financial planning, has raised an additional $35 million in new financing. The round was led by Multiplier Capital, a leading provider of flexible financing solutions. Recently named to the Inc. 5000 list of America’s fastest-growing private companies for a second time, Facet is redefining financial…
CrashPlan has acquired Parablu Inc.
MINNEAPOLIS: CrashPlan has acquired Parablu Inc. a leading provider of data security and resiliency solutions known for its market-leading offerings protecting Microsoft 365 data. The acquisition positions CrashPlan to deliver the industry’s most comprehensive backup and recovery capabilities for data stored on servers, on endpoint devices and in Exchange, OneDrive, SharePoint, and Teams to Azure, their cloud,…
Former Humane executives launch AI fact-checking startup, Infactory
Two former executives of Humane, the AI hardware startup, have launched a new artificial intelligence software venture called Infactory, which has successfully raised $4 million at a $25 million valuation. Brooke Hartley Moy, previously Humane’s strategic partnerships lead, and Ken Kocienda, former head of product engineering, are the co-founders of this new enterprise. Infactory aims…