Fundraising

Spanish startup Exoticca raises a €60M Series D for its tour packages platform

Fundraising /

The type of overseas trip where you need multiple hotels, flights, activities, transfers, transport methods and guides has traditionally been undertaken by travel agents. Since there’s no real-time pricing for such complex offerings, travelers have few other options. Spanish startup Exoticca set out to crack that nut and has now raised a €60 million Series […]

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OpenAI-backed legaltech startup Harvey raises $100M

Fundraising /

Harvey, a startup building what it describes as an AI-powered “copilot” for lawyers, has raised $100 million in a Series C round led by GV, Google’s corporate venture arm. The tranche, which also had participation from heavy-hitting angels and VCs OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil and SV Angel, brings Harvey’s total raised to

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Farmblox puts the control into farmers’ hands with its AI-powered sensor-reading platform

Fundraising /

Nathan Rosenberg, the founder of farm automation platform Farmblox, said if there is one thing to know about trying to sell technology to farmers, it’s that you can’t tell them what to do. “[Farmers] are multigenerational,” Rosenberg told TechCrunch. “It is not a profession, it’s more a community, a way of life, and you need

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Level AI applies algorithms to contact center pain points

Fundraising /

Ashish Nagar, an engineer by trade, was working at Amazon’s Alexa org on the conversational AI team when he realized that AI had the potential to greatly bolster productivity in contact centers. “Frontline workers, like customer service workers, are the biggest human capital in the world,” Nagar told TechCrunch. “So, my idea was to use

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Legal tech Clio raises $900M at a $3B valuation, plans to double down on AI and fintech

Fundraising /

Clio, a Canadian software company that aims to help law practices run more efficiently with its cloud-based technology, has raised $900 million in a Series F round that values the company at $3 billion. The valuation is nearly double the $1.6 billion valuation the Vancouver, British Columbia company achieved in April 2021 when it raised

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After a 30-year career in IT, Protexxa founder raises $7.2M for cybersecurity employee hygiene

Fundraising /

Cybersecurity firm Protexxa has closed a $7.2 million ($10 million Canadian dollars) Series A, led by a family office, for its AI-powered tech that helps companies address cybersecurity concerns by identifying issues and offering solutions. The Canada-based company was founded by former cybersecurity executive Claudette McGowan in 2021. Using its artificial intelligence-powered platform, Protexxa can,

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17-year-old Eric Zhu’s startup was built in a high school bathroom — now it’s raised $2.3M and is emerging from stealth

Fundraising /

Eric Zhu started building Aviato, an analytical platform for private market data, in a very typical place for an entrepreneur: the bathroom in his Carmel, Indiana, high school. Now the 17-year-old’s startup is emerging from stealth with $2.3 million in venture funding. Aviato tracks funding rounds and headcount, similar to competitors like Crunchbase and PitchBook, but

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Cohere raises $500M to beat back generative AI rivals

Fundraising /

Cohere, a generative AI startup co-founded by ex-Google researchers, has raised $500 million in new cash from investors including Cisco, AMD and Fujitsu. Bloomberg says that the round, which also had participation from Canadian pension investment manager PSP Investments and Canada’s export credit agency EDC, values Toronto-based Cohere at $5.5 billion. That’s more than double

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Without this company’s technology, future fusion power plants might never light up

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Proponents of nuclear fusion have long promised to create nearly limitless power here on earth by harnessing the same reaction that powers the sun. Today, fusion’s biggest hurdle is ensuring that any fusion power plant produces more power than it needs to operate. The second is ensuring that it has enough fuel to run. Many

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Deel acquires Hofy to build its own IT device management service

Fundraising /

Fast-growing payroll provider Deel is making a sizable acquisition, its third this year. Deel announced on Thursday that it acquired Hofy, a London-based company that delivers and helps manage office equipment for remote hires. Financial terms weren’t disclosed, but a source familiar with the matter told TechCrunch that the deal was worth over $100 million.

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