Fundraising

Loft Orbital lands a fresh $170 million after logging over $500 million of bookings

Fundraising /

Space infrastructure company Loft Orbital has raised $170 million in Series C funding co-led by Tikehau Capital and Axial Partners. Notably, the amount of the Series C financing is greater than the combined $160 million the company has raised since its 2017 inception.  Loft Orbital declined to reveal its valuation. According to PitchBook, its post-money […]

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As Gen Z job applicants balloon, companies are turning to AI agent recruiters

Fundraising /

According to some of the latest statistics, employers are swamped by job applications. In the UK alone, employers running graduate training schemes received an average of 140 applications for each job in 2024, 59 per cent more than in 2023, according to the Institute of Student Employers. And despite some trepidations amongst a few recruiters,

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Synthesia snaps up $180M at a $2.1B valuation for its B2B AI video platform

Fundraising /

As the world continues to work through how to handle the explosion of deepfake content online, it seems that not all AI-created videos are stirring controversy. Synthesia, a London startup building products around highly realistic AI avatar technology, says it’s a big hit with enterprises, with some 60,000 of them — 1 million users —

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Nelly raises $51 million to digitalize medical practices across Europe

Fundraising /

Nelly wants to become the biggest fintech startup in the healthcare industry. The Berlin-based startup is already working with more than 1,200 medical practices in a handful of European countries. But there are thousands more that could benefit from an upgrade for their administrative workflows. That’s why Nelly recently raised €50 million in funding (around

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A 24-year-old who exited his first company to Coinbase raises $3M for his next venture

Fundraising /

At 24 years old, Pryce Yebesi already has one exit: selling his crypto invoicing company Utopia Labs to Coinbase for an undisclosed amount.  Some founders don’t just have one company in them. On Monday, Yebesi announced the launch of his new company, Open Ledger, which embeds automated accounting software into products that enterprises and small

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Thoras helps companies reach reliability without overspending on cloud costs

Fundraising /

For years, twin sisters Nilo Rahmani and Jen Rahmani swapped stories — and commiserated — over the pain points they were facing in their respective engineering jobs. Nilo told TechCrunch that a frequent topic of conversation was about frustrations over the reliability platforms they were using at work. When they noticed the reliability landscape starting

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A 24-year-old who exited his first company to Coinbase, raises $3M for his next venture

Fundraising /

At 24 years old, Pryce Yebesi already has one exit: selling his crypto invoicing company Utopia Labs to Coinbase for an undisclosed amount.  Some founders don’t just have one company in them. On Monday, Yebesi announced the launch of his new company, Open Ledger, which embeds automated accounting software into products enterprises and small businesses

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Clearwater agrees to buy investment management platform Enfusion for $1.5B

Fundraising /

Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a $200 million revolving line of

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Moody’s agrees to acquire Cape Analytics, which develops geospatial AI for insurance providers

Fundraising /

Financial services firm Moody’s announced on Monday that it has agreed to acquire Cape Analytics, a geospatial AI startup, for an undisclosed sum. The deal, which is expected to close in Q1, subject to customary closing conditions, will give Moody’s access to Cape’s geospatial AI analytics technology for insurance underwriting. With the tech, Moody’s plans

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