Tag: Fundings & Exits

At cobotics startup Formant, ex-Googlers team up humans & machines

Our distinct skillsets and shortcomings mean people and robots will join forces for the next few decades. Robots are tireless, efficient, and reliable, but in a millisecond through intuition and situational awareness, humans can make decisions machine can’t. Until workplace robots are truly autonomous and don’t require any human thinking, we’ll

Cisco to acquire silicon photonics chip maker Luxtera for $660 million

As networks get put under increasing pressure from ever-growing amounts of data, network equipment manufacturers are facing huge challenges to increase data transmissions speeds over further distances. As a premiere networking equipment company, Cisco wants to be prepared to meet that demand. Today, it opened up its checkbook and announced

AI chip startup Graphcore closes $200M Series D, adds BMW and Microsoft as strategic investors

UK AI chip startup Graphcore has announced a $200 million Series D round today that’s jointly led by an existing investor, European VC Atomico, along with new investor Sofina, an investment holding firm. Graphcore says the Series D values the company at $1.7M. We’ve confirmed the valuation is $1.5M before including the

Moglix raises $23M to digitize India’s manufacturing supply chain

We hear a lot about India’s e-commerce battle between Walmart, which bought Flipkart for $17 billion, and Amazon. But over in the B2B space, Moglix — an e-commerce service for buying manufacturing products that’s been making strides — today it announced a $23 million Series C round ahead of a

Tonsser scores €5.5M Series A to help discover the next soccer star

Tonsser, the Copenhagen-based startup that offers a “football performance app” aimed at youth soccer players who want to build their own online profile and potentially get discovered by a bigger club, has raised €5.5 million in Series A funding. The round is led by Alven Capital, with participation from existing

YouGov acquires social analytics company Portent.IO

YouGov, the international data and analytics group, has acquired ‘social analytics’ startup Portent.IO, a company that it had previously invested in. Terms of the deal remain undisclosed, although I understand the acquisition includes Portent.IO‘s technology, clients and its team, including its data scientists. “We’re all staying on and the entire

Ola, Uber’s India rival, invests $100M in scooter rental startup Vogo

We’re familiar with Uber cozying up to scooter startups — it has bought one and invested in another — but over in India, the U.S. firm’s key rival is hatching a major alliance of its own it invested $100 million in scooter rental startup Vogo. Ola first invested back in August when

B-Social raises £3.2M seed round to begin building a ‘social’ bank

B-Social, a London fintech that currently offers a ‘social finance’ app and beta debit Mastercard, has raised £3.2 million in Seed round funding from undisclosed high-net-worth individuals. However, the fundraise is just the first step in a journey in which B-Social want to eventually become a fully licensed bank that

K Health raises $25m for its AI-powered primary care platform

K Health, the startup providing consumers with an AI-powered primary care platform, has raised $25 million in series B funding. The round was led by 14W, Comcast Ventures and Mangrove Capital Partners, with participation from Lerer Hippeau, Primary Ventures, BoxGroup, Bessemer Venture Partners and Max Ventures – all previous investors from

Byju’s targets global expansion for its digital education service after raising $540M

India-based educational startup Byju’s was widely reported to have raised a massive $400 million round and now the company is making things official. The ten-year-old company revealed today it has pulled in a total of $540 million from investors to go after international opportunities. The round is led by Naspers,