In a bold move signaling its ambitious expansion into the financial sector, Patanjali Ayurved Limited, led by the renowned Baba Ramdev, has acquired a majority stake in Magma General Insurance Limited. Announced on March 13, 2025, the deal is valued at approximately Rs 4,500 crore, marking a significant milestone in the company’s diversification strategy. This … Read more
Shield AI, a leading deep-tech company specializing in autonomy software and defense aircraft, has successfully raised $240 million in an F-1 strategic funding round, pushing its valuation to $5.3 billion. The funding round saw major participation from L3Harris (NYSE: LHX) and Hanwha Aerospace (KRX: 012450), alongside existing investors such as Andreessen Horowitz, U.S. Innovative Technology, … Read more
Ursa Space Systems has been chosen as one of the vendors for the National Geospatial-Intelligence Agency’s (NGA) $200 million Luno B commercial data Indefinite Delivery, Indefinite Quantity (IDIQ) contract. This milestone highlights Ursa Space Systems’ growing presence and capabilities in the geospatial intelligence (GEOINT) domain. Luno B: A New Era in GEOINT Access The Luno … Read more
Digital Edge (Singapore) Holdings Pte Ltd., a prominent developer and operator of interconnection and hyperscale edge data centers in Asia, has raised over $1.6 billion through a combination of equity and debt financing. Backed by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, this funding underscores Digital Edge’s ambition to meet … Read more
New York-based Bit Digital, Inc. (Nasdaq: BTBT), a global leader in high-performance computing (HPC) infrastructure and digital asset production, has announced the acquisition of real estate for a 5MW Tier-3 data center expansion project in Pointe-Claire, Montreal. This strategic move aligns with the company’s ambitious plan to expand its data center footprint to 32MW by … Read more
Nodepay, a groundbreaking decentralized AI platform, is transforming how unused internet bandwidth is utilized by converting it into real-time data pipelines for AI training. The company has announced a successful second round of funding, bringing its total capital raised to $7 million. Backed by Leading Investors This latest funding round includes notable strategic investors such … Read more
Elon Musk’s artificial intelligence startup, xAI, has successfully raised $6 billion in its latest funding round, cementing its position as one of the world’s most valuable AI companies with an estimated valuation of $50 billion. This development comes as xAI intensifies its competition against industry leaders like OpenAI, which is valued at $157 billion. Key … Read more
Bluenote, a cutting-edge generative AI platform for life sciences companies, has announced a successful $10 million Series A funding round, led by Lux Capital. Co-founders Fatima Sabar and Katsuya Noguchi, former executives at Color Health, bring over a decade of expertise in building AI solutions tailored for life sciences and healthcare. Funding from Top AI … Read more
Singapore-based Eureka Robotics, a leading innovator in industrial automation, has successfully raised $10.5 million in Series A funding. The round was led by B Capital, with participation from new investors Airbus Ventures, Maruka Corporation, G.K. Goh Ventures, and returning investors UTEC and ATEQ. This funding milestone accelerates Eureka’s mission to revolutionize manufacturing with advanced robotics … Read more
Flare, a global leader in Threat Exposure Management (TEM), has raised $30 million in Series B funding, led by Base10 Partners, with additional participation from Inovia Capital, White Star Capital, and Fonds de solidarité FTQ. This milestone reflects Flare’s impressive growth trajectory, achieving triple-digit year-over-year expansion in both 2023 and 2024. The funding will accelerate … Read more
Adelaide, Australia – Fleet Space Technologies, a leader in space exploration and mineral discovery, has announced the successful closure of a $100 million Series D funding round. This round was led by Teachers’ Venture Growth (TVG), the venture investment arm of Ontario Teachers’ Pension Plan, alongside existing investors including Blackbird Ventures, Hostplus, Horizons Ventures, Artesian … Read more
Asia-focused employee management platform, Omni HR, today announced it has recently closed USD 7.4 million in funding, bringing its total funding to date to $9.8 million since its founding in 2021 by former Goldman Sachs executive Brian Ip. Currently serving hundreds of customers across Asia, with end users spanning 79 countries, Omni solves a common pain point for companies operating within the region: the dilemma … Read more
The International Women’s Media Foundation (IWMF) today announced it received a $1.2 million grant from the Howard G. Buffett Foundation to lead a reporting program focused on the impact of Russia’s full-scale invasion of Ukraine. The year-long initiative, “Women on the Ground: Reporting from Ukraine’s Unseen Frontlines,” will deepen coverage of the war’s implications for local communities in France, Germany and the United States. Applications are now available … Read more
360Player, an all-in-one digital platform for modern sports clubs, has announced a $25 million strategic growth investment from Five Elms Capital, a prominent software investment firm. This funding aims to accelerate 360Player’s international expansion and enhance its comprehensive suite of tools for clubs, coaches, players, and parents. Empowering Sports Clubs Worldwide Since its founding in … Read more
Constrafor, a leading software provider for the construction industry, has announced the successful closure of its $264 million Series A funding round. This funding includes $14 million in equity led by NFX and a $250 million credit facility backed by Wafra and Crestline Investors. The investment will fuel Constrafor’s rapid expansion and strengthen its position … Read more
Cardless, a leading fintech company specializing in co-branded credit card solutions, has announced a successful $30 million growth investment round. The round was spearheaded by Activant Capital and featured participation from prominent investors like Mischief (co-founded by Plaid’s Zach Perret), Industry Ventures, Thayer Ventures, Assurant, and Amex Ventures. This brings Cardless’ total equity funding to … Read more
