In an ambitious move that marks a significant milestone in the realm of artificial intelligence and machine learning (AI/ML) infrastructure, Foundry has announced a substantial $80 million in combined seed and Series A funding. This infusion of capital, co-led by industry giants Sequoia Capital and Lightspeed Venture Partners, positions Foundry to orchestrate and make universally […]
ElevenLabs, a pioneering voice technology research company, has announced a significant milestone in its journey to revolutionize the voice AI industry with an $80 million Series B funding round. This monumental round was co-led by Andreessen Horowitz, Nat Friedman, Daniel Gross, and joined by Sequoia Capital, SV Angel, Smash Capital, BroadLight Capital, and Credo Ventures. […]
FranklinWH Energy Storage Inc., a front-runner in whole-home energy management, announced a pivotal $25 million in Series B funding led by Particle Future. This substantial investment aims to accelerate FranklinWH’s growth and cement its role as an innovative leader in offering whole-home energy freedom across households in the United States and Puerto Rico. Addressing the […]
New York-based data-as-a-service company Cybersyn has raked in $62.9 million in a Series A funding round and has come out from stealth for launching its data-as-a-service (DaaS) offering. Cybersyn was founded in 2022. It is led by Alex Izydorczyk, who is said to bring an extensive understanding of data systems gained from his previous position […]
Singapore-based Horizon Quantum Computing has secured $18.1 million in a Series A funding round, taking the company’s total funding to around $21.3 million. Horizon Quantum Computing anticipates using the proceeds from the round to scale, accelerate product development, and bring its technology to the market. The quantum software startup will also use the proceeds to […]
SirionLabs, a Seattle-based artificial intelligence (AI)-powered contract lifecycle management (CLM) platform, has raised its Series D funding to $110 million with a $25 million investment from Brookfield Growth. The fresh funding from Brookfield Growth follows the previously announced $85 million Series D round, which was led by Partners Group with participation from present investors Avatar […]
US-based self-driving truck startup Embark Trucks will merge with special purpose acquisition company (SPAC) Northern Genesis Acquisition Corp. II in order to become a publicly listed company. The deal values the enlarged Embark Trucks at approximately $4.55 billion. Post-merger, the self-driving truck startup will have a market capitalization of around $5.16 billion. The autonomous vehicle […]
Global investment firm KKR has agreed to acquire a majority stake in Vini Cosmetics, an Indian personal care and beauty products company, for around $625 million. The sellers of the stake in the Indian cosmetics company are its founder group led by its chairman and joint-managing director Darshan Patel and joint-managing director Dipam Patel and […]
Online grocery delivery company Instacart has raised $265 million in a new financing round to more than double its valuation to $39 billion. The new funding round was led Andreessen Horowitz, D1 Capital Partners, Sequoia Capital, Fidelity Management & Research, and T. Rowe Price Associates, and other existing investors. Instacart’s prior funding round came in […]
US and Israel based cloud security company Wiz has emerged from stealth by securing $100 million in a Series A funding round led by Index Ventures, Sequoia, Insight Partners, and Cyberstarts. The latest financing is said to come nine months after the founding team of the cloud security provider wrote its first line of code. […]