Fundraising

Avelios nabs $31M led by Sequoia to fix the ailing world of healthcare IT

The race is on to build a new generation of healthcare software to replace legacy hospital systems that in some cases may not have been updated in decades. A startup out of Munich, Germany called Avelios has ambitions to build a new kind of end-to-end administrative system, leaning into more modern tooling using AI and

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Aiming to accelerate product design with AI, Trace.Space raises a seed round

Modern product engineering requires the production of highly accurate digital simulations, allowing engineers to create prototypes and understand the real-world performance of materials. Currently, legacy software platforms from companies like IBM and Dassault are generally deployed, but now startups are joining the arena, powered by generative AI. One such is Trace.Space, coming out of Riga,

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XOi raises $230M, acquires Specifx to expand its tech for field service technicians

Field service engineers may not be the first group of customers that come to mind when you think about lucrative opportunities in B2B technology. But that same blind spot speaks of the opportunity in the space for those who are stepping up and targeting “the job site.” One of the players in that space, XOi 

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Modern Synthesis is making compostable materials that last a lifetime

Jen Keane’s claim to fame is that she grew a shoe using bacteria, coaxing the microbes to deposit their nanocellulosic materials in the shape of a sneaker. But she’s kind of over that. “I feel like that sort of misses the point,” she told TechCrunch. “The fiber produced by bacteria — like, that’s not a

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Miist, founded by a 25-year-old, wants people to vape their way out of smoking addiction and migraines

As a university student, Dalton Signor was troubled by how many people around him smoked or vaped, including his grandmother and 14-year-old sister. Signor (pictured center) felt that existing smoking cessation medicines, whether patches, gums, or lozenges, are not very effective because they take too long to start working. “They take about 30 minutes to

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Deel unloads $300M in secondary sale, brings General Catalyst on as an investor

Fintech-turned-HR outfit Deel is trying to lay the groundwork for an IPO. On Tuesday, it said its annual revenue run rate climbed to $800 million in 2024 after growing by 70%. The startup, which helps businesses globally hire, manage and pay employees remotely, also said it has sold $300 million in secondary shares to General

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Archive raises $30M to solve fashion’s pollution problem with online resales

The fashion industry has concerned Emily Gittins since adolescence.  The sector is, after all, one of the most polluting in the world. According to some sources, it is responsible for nearly 10% of the earth’s CO2 emissions and more than 20% of all water waste.  Yet people still want more, fast.  “The way we consume

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