NEW YORK: Airwallex has raised $320 million in a new funding round that values the global payments company at $11 billion — a 38% jump from its valuation just six months ago — as the fintech firm accelerates its push into artificial intelligence-powered financial software. The Series H round was led by New York-based venture capital firm…
SAN FRANCISCO: Tomo, an artificial intelligence-powered personal coaching service that operates through text messaging, announced Thursday it has raised $5 million in seed funding led by Bain Capital Ventures, with participation from Accel, Align Fund, Basis Set, Conviction and Pear VC.The San Francisco-based company says it has attracted more than 10,000 paying customers through word of mouth…
NEW YORK: GrailPay, a risk and data network for business-to-business payments, has raised $10.5 million in a Series A round led by MissionOG, the company announced Thursday.The funding, which brings GrailPay’s total capital raised to $17.2 million, also drew participation from EJF Ventures, Counterpart Ventures, Construct Capital, Commerce Ventures and SSC Venture Partners.The New York-based…
SANTA CLARITA: Tombot, a developer of robotic companion animals for health and wellness, said Thursday it has closed a $7 million Series A3 funding round as it prepares to launch its lifelike robotic puppy, “Jennie,” in fall 2026. The round includes investments from Caduceus Capital Partners, Wavemaker 360, the Lutheran Foundation for Long Term Living and Florida Community…
SEOUL: SK Hynix, South Korea’s most valuable company, plans to raise about $29 billion through an initial public offering of American depositary receipts on the Nasdaq, according to a regulatory filing. The chipmaker said it will issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion). Trading is expected to begin July 10,…
IRVINE: Advanced Sterilization Products has acquired a majority share of UV Smart, a Dutch medical technology company specializing in ultraviolet high-level disinfection technology, the companies announced. ASP, part of Fortive Corp.’s (NYSE: FTV) Infection Prevention group, said the deal bolsters its portfolio of infection control products and accelerates the global rollout of UV Smart’s disinfection systems across…
SALEM: Agility Robotics Inc. announced Wednesday it will merge with blank-check company Churchill Capital Corp XI in a deal that values the humanoid robotics firm at $2.5 billion and is expected to create the only U.S. publicly traded pure-play humanoid robotics company. The combined company would trade on a major North American exchange under the ticker symbol “AGLT” following…
SEATTLE: Syndio, a provider of decision intelligence software for compensation management, has acquired Embrace.ai, an agentic artificial intelligence company, for an undisclosed sum. The acquisition brings Embrace.ai’s entire team to Syndio, including founders Derek Butts and Seth Halpern, both enterprise software veterans. Butts will join Syndio as senior vice president of product strategy, while Halpern will serve…
NEW YORK: Superhuman, the productivity platform formerly known as Grammarly, has agreed to acquire GPTZero, an AI content detection startup, the companies announced Tuesday. The acquisition strengthens Superhuman’s push into AI authenticity tools as AI-generated content proliferates across the internet. Financial terms were not disclosed. According to PitchBook data cited in multiple reports, GPTZero is valued at…
NEW YORK: Allium, a blockchain data platform for enterprises, said Tuesday it has raised $40 million in Series B funding as financial institutions increasingly seek reliable data infrastructure to navigate the growing onchain economy. Amplify Partners led the round, with existing investors Kleiner Perkins and Theory Ventures also participating. Amplify partner David Beyer will join Allium’s board…
GRENOBLE: AlpSemi, a developer of next-generation power semiconductors, has raised €17 million in funding to scale production of solid-state circuit breaker (SSCB) components for residential buildings, commercial facilities, and the growing artificial intelligence data center market. The funding round was led by French investment firm Yotta Capital, with participation from global venture firm SE Ventures,…
EDEN PRAIRIE:C.H. Robinson (NASDAQ: CHRW) announced Monday it has acquired DeSpir Logistics, a specialized provider of secure transportation and cargo escort services for mission-critical, high-value freight across North America. The $75 million cash acquisition, which closed Monday, adds specialized capabilities for industries including healthcare, life sciences, data centers, aerospace and high-value retail, where security, compliance and…