Fundraising

Commercial services platform BuildOps becomes a unicorn, raises $127M

Fundraising /

Commercial services tech hasn’t historically been considered “sexy,” but the need for innovation in the space is enormous. That need has translated into a large fundraise for a company focused on streamlining commercial contracting processes. On Friday, BuildOps, which develops software for commercial services contractors, announced that it has raised $127 million in a Series […]

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Amid calls for sovereign EU tech stack, Evroc raises $55M to build a hyperscale cloud in Europe

Fundraising /

A Swedish startup aiming to build a hyperscale cloud company in Europe has raised €50.6 million ($55 million) in Series A funding. Evroc, as it’s called, says it’s laying the foundations for a “secure, sovereign and sustainable hyperscale cloud to reimagine the digital future of Europe.” The announcement comes amid growing calls to create a

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Nvidia reportedly acquires synthetic data startup Gretel

Fundraising /

Nvidia has reportedly acquired Gretel, a San Diego-based startup that’s developed a platform to generate synthetic AI training data. Terms of the acquisition are unknown. The price tag was said to be nine figures, exceeding Gretel’s most recent valuation of $320 million, according to Wired. Gretel and its team of roughly 80 employees will be folded

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Factorial snaps up $120M from General Catalyst to boost its HR sales and marketing

Fundraising /

While Rippling and Deel duke it out in the field and in the courtroom alleging illegal sales and marketing tactics, here’s another way to boost business growth: pick up a massive sum of cash to expand your operations in those areas. Factorial, the Barcelona-based “unicorn” startup that provides an all-in-one HR platform in the cloud

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Al Gore’s Just Climate fund raises $175M from Microsoft and CalSTRS for nature-based climate investments

Fundraising /

When it comes to climate-related investments, the lion’s share has gone to companies working in energy and transportation. Most investors overlook actual lions — that is, nature-based solutions like biodiversity tend to get short shrift in the investment world. Just $35 billion was invested in nature-based solutions in 2022, compared with $1.46 trillion for the

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Coreshell has a plan to slash the price of American made batteries

Fundraising /

The electric vehicle transition is really a story about China. There, subsidies have helped juice not just automakers, but the entire battery supply chain behind them. Those incentives, plus decades of industrial policy focused on controlled critical mineral supply chains, has left American and European automakers flat footed. Take graphite, for example. Every lithium-ion battery

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TurinTech reveals $20M in backing to fix problems in ‘vibe coding’

Fundraising /

So-called “vibe coding” with LLM-driven tools like Cursor Composer — a term coined by renowned computer scientist Andrej Karpathy — describes a hands-off approach to writing code using Gen AI models, and it has really taken off recently. According to Y Combinator, one quarter of the startups in its latest batch relies on AI to

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Nvidia’s AI empire: A look at its top startup investments

Fundraising /

No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT over two years ago — and the many competitive generative AI services that have launched since. And its stock price soared.  During that period, the world’s leading high-performance GPU maker

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