Category startups Page 4 of 9
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Norwegian Robotics Company 1X has Androids Coming to Help with Daily Chores
AI and robotics company 1X announced this week that it has raised €91 million in Series B funding to bring its humanoid android NEO to market for everyday home assistance. With versatile capabilities to help around the house, NEO represents a new era in consumer robotics.
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Insurtech Leader hyperexponential Secures $73M as a16z Bets on AI-Powered Risk Models
London-based insurtech firm hyperexponential has raised $73 million in a Series B funding round to fuel its expansion into the US market, led by top-tier VC firm Andreessen Horowitz (a16z).
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Finn Revs Up with $109M as Investors Back Car Subscriptions to Accelerate EV Adoption
Munich-based Finn has raised $109 million in a Series C round led by sustainability-focused investor Planet First Partners, gearing up to scale its car subscription service and shift towards electric vehicles. The funding values Finn at $658 million and brings its total raised to around $250 million.
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Tampa Automation Star Rewst Raises $31M to Fuel MSP Platform Growth
Sunny Tampa keeps pumping out tech winners, with automation startup Rewst the latest to ride investor excitement to new heights. The company just locked down a $31 million Series B round led by top-tier VC Meritech Capital as it looks to bring more smiles to the managed service provider (MSP) industry.
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Micromobility Rivals Tier and Dott Announce $65M Merger
Tier Mobility and Dott, two leading shared micromobility operators in Europe, have announced a merger backed by $65 million (€60 million) in fresh investment. The combined entity will retain both brand names while consolidating operations in a quest for profitability.
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Isomorphic Inks $3 Billion in Deals to Apply AI for Drug Discovery
Isomorphic Labs, a London-based startup spun out from DeepMind’s research team, has signed two major partnerships with pharmaceutical leaders Eli Lilly and Novartis. The deals, collectively valued around $3 billion, will have Isomorphic leverage state-of-the-art AI to accelerate the drug discovery process.
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Intel Bets Big on AI with New GenAI Enterprise Software Spinout
Intel is making waves in the world of artificial intelligence, spinning out a new startup focused entirely on delivering AI solutions tailored for the enterprise. Dubbed Articul8 AI, this new company has backing from investment firms like DigitalBridge and aims to bring the power of generative AI to businesses across industries.
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New AI Search Startup Perplexity Attracts Bezos Backing to Take on Google
Google has dominated online search for well over a decade, but the rapid recent advances in artificial intelligence may soon pose the first real challenge to its supremacy. AI-powered search engine startup Perplexity announced $200 million in new funding this week from backers including Amazon founder Jeff Bezos, pushing its valuation to over $500 million.
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GIN E-Bikes Powers Up With €580k to Electrify Biking
London-based startup GIN E-Bikes just tapped a fresh €580k funding round to shift its innovative hybrid bikes into overdrive. The joint Ukrainian-Indian founded company designs e-bikes purpose-built for long distance travel across urban landscapes. With the new capital injection courtesy of Ukrainian VC firm Toloka.vc, GIN aims to energize manufacturing and meet surging demand for its unique two-wheelers.
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Scooter Unicorn Clips its Wings. The Cautionary Tale of Bird’s Bankruptcy
Bird, the electric scooter darling once soaring at a $2.5 billion valuation, has fluttered to the ground. This former startup unicorn now seeks shelter in bankruptcy, serving as a sobering reminder amidst the micromobility mania.