Startup for Industrial AI: $7.5 Million in Seed Funding is raised by Juna.ai

With $7.5 million in seed funding, the German business Juna.ai GmbH, which uses artificial intelligence to increase factory efficiency, started today. The investment was spearheaded by Kleiner Perkins. Prominent venture capitalist John Doerr, the Stockholm-based fund Norrsken VC, and other sponsors joined it. Matthias Auf Continue Reading

Tozero, a battery recycling company, raises €11 million to increase the supply of lithium in Europe

The first rechargeable lithium-ion battery was introduced to the market by Sony in 1991. In terms of energy storage, the novel chemical changed everything. These days, demand is soaring for everything from smartphones to EVs. However, lithium is uncommon, the majority of it is sourced Continue Reading

A Chinese AI firm launches an image-to-video tool in an attempt to compete with OpenAI’s Sora

On Wednesday, Beijing-based Shengshu Technology said that Vidu, an AI-powered text-to-video tool, will soon be able to create videos by fusing images. Vidu already enables individuals all over the world to make 8-second videos by following written instructions. In February, OpenAI, the company behind ChatGPT, Continue Reading

Blockchain infrastructure startup Marketnode is supported by settlement giant Euroclear

Marketnode, a blockchain infrastructure firm based in Singapore, has received funding from Euroclear, a major European clearinghouse, to expand its services throughout the Asia-Pacific region. With the goal of growing its services throughout the Asia-Pacific area, Marketnode, a blockchain infrastructure firm with headquarters in Singapore, Continue Reading

Infosys invests in Indian Earth-observation startup GalaxEye

The massive Indian IT company Infosys said on September 19 that it would invest roughly $2 million in the Indian Earth observation startup GalaxEye Space. The company wrote on LinkedIn, “GalaxEye is proud to have Infosys, a global leader in technology and innovation, as a Continue Reading

Arzeda, a Seattle startup, has raised $38 million to produce proteins for the food, pharmaceutical, and other industries.

A $38 million funding round has been disclosed by Arzeda, a protein design business that creates new enzymes for industrial, agricultural, and other uses. The Seattle-based startup uses tools for protein design to produce enzyme blueprints. In its laboratories, Arzeda tests and develops the enzymes Continue Reading

Cortex Inc. Secures $60M to Boost Developer Platform and AI Integration

Cortex Applications Inc., a productivity platform startup, announced it has raised $60 million in funding to enhance its internal developer platform, increase developer awareness, and integrate more advanced workflows, engineering intelligence, and artificial intelligence. Founded in 2019, Cortex provides a platform that helps companies streamline Continue Reading

Ant Group continues to bet on artificial intelligence by investing in writing assistance start-up Mita

The finance behemoth has made its latest investment in a low-key Chinese artificial intelligence (AI) start-up that specializes in search engines and writing help: Ant Group. According to a report released by local media Latepost on Thursday, Shanghai Mita Network Technology raised over 100 million Continue Reading

HubSpot and Dropbox have made significant investments in Bardeen, an AI business agent firm

Workers everywhere put in countless hours a day on monotonous repetitive chores, like turning papers into PDFs and then uploading them to a drive, where they are then imported into a database and sent to a group of people by email. Even though UiPath was Continue Reading

Israeli Cybersecurity Firm Dazz Raises $50 Million

Today, Dazz, an Israeli startup that specializes in comprehensive security remediation, announced the conclusion of a $50 million fundraising round that was co-led by Greylock and included Cyberstarts, Insight Partners, and Index Ventures. With its most recent investment round, the company has raised $110 million Continue Reading