Fundraising

Spare fixes cities’ outdated transport services for disabled residents

Fundraising /

Cities spend hundreds of millions each year on paratransit services, or public rides for disabled residents, yet those services remain limited and unpredictable. Wheelchair users often face late pickups, hindering them from getting to work or medical appointments on time. As populations age, the strain on these services and city budgets continues to grow.  Vancouver-based […]

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Smartcat secures $43M for its AI-powered translation platform

Fundraising /

Can AI ever fully replace translators? Not likely. AI translations tend to lack the lexical richness of their human-translated counterparts, mainly because AI models make choices based on probability — not lived experience. Certainly, AI can produce “accurate” translations, but the translations lack the spice of life, like a textbook version of the source text.

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Form3, a quiet giant in UK fintech, raises $60M at a $570M valuation

Fundraising /

The global economy remains in a sticky spot, in the words of the International Monetary Fund. Understandably, banks and other financial players are therefore looking to do what they can to bring down operating costs while spurring more financial activity. Today, Form3, one of the startups building tools to do just that by connecting financial

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Alpha Partners raises $153M third fund for pro-rata investments

Fundraising /

Steve Brotman started Alpha Partners in 2014 with a novel idea at the time: investing alongside early-stage VCs to help preserve their ownership in promising companies as they transition to later funding rounds. Alpha’s first fund was a mere $10 million. But as startups started staying private for longer, the VC industry invented various mechanisms

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Progress acquires file management platform ShareFile for $875M

Fundraising /

Progress, a Bedford, Massachusetts-based software firm, on Monday announced that it intends to acquire file management platform ShareFile for $875 million in cash and credit. Progress CEO Yogesh Gupta said that the deal, which is expected to close by November 30, will bolster Progress’ portfolio with tools to help businesses more efficiently share — and

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YC alum Odigos aims to help enterprises find errors and stamp out latency in their systems

Fundraising /

Companies’ data architecture today looks nothing like it did 20 years ago, but monitoring and tracing tools haven’t followed suit, making it difficult for engineering teams to identify the root cause of errors and latency issues.  Israeli developer Eden Federman thinks the solution is distributed tracing, a more advanced observability method, but he found adoption

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European VC Atomico closes $1.24B across two funds for early and growth-stage startups

Fundraising /

As European startups continue to look for signs of sustained market confidence beyond the hype around AI companies, Atomico — one of the region’s more iconic, largest venture capital firms — has raised more money to make investments that might indicate how the market is really moving. The VC has closed new funds totalling $1.24

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How a cold email to a VC helped salon software startup Mangomint raise $35M

Fundraising /

Back in 2017, Daniel Lang, Dan Poineau, and Sandra Huber came together to build Mangomint, a startup that makes salon and spa operations software. Lang said they realized that software providers were trying to build their own booking platforms, à la OpenTable. “We fundamentally didn’t believe this was the right approach for beauty and wellness,”

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C-Zero is raising $18M to make emission-free hydrogen using natural gas, filings reveal

Fundraising /

Hydrogen startup C-Zero has raised $5 million of an $18 million funding round, according to an SEC filing. The company is developing a way to strip hydrogen from methane without emitting carbon dioxide. The resulting hydrogen can be used in a range of industries today, including ammonia and petrochemical production, and potentially others in the

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Endolith is using ‘Olympic caliber’ copper microbes to address the copper shortage

Fundraising /

Copper is critical to the energy transition away from fossil fuels. The metal is an excellent conductor of electricity, used in everything from electric vehicles to wind turbines. But by the end of the decade, the International Energy Agency expects copper supplies to fall 20% short of demand. One stealthily operating startup thinks it can

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