Entreprenuernewsnetwork

Inworld AI Raises $500 Million in Funding to Accelerate Development of AI-Powered Virtual Characters

Inworld AI, the renowned Character Engine for games and interactive experiences, has successfully secured new funding from Lightspeed Venture Partners, propelling the company’s valuation to over $500 million. The funding round also saw participation from prestigious investors such as Stanford University, Samsung Next, Microsoft’s M12 fund, First Spark Ventures co-founded by Eric Schmidt, and LG … Read more

Glendower Capital Raises US$5.8 Billion

Glendower Capital, CVC’s secondaries platform, is pleased to announce the final close of its fifth global secondary private equity fund, Glendower Capital Secondary Opportunities Fund V (“SOF V”). Glendower has raised aggregate capital commitments of US$5.8 billion for the SOF V program to deploy in the secondary market. SOF V is the first fund closed … Read more

Partful’s £2.4M Funding Round to Fuel Development of AI-Powered Aftermarket Platform

Partful, a leading aftermarket technology specialist, has successfully raised £2.4M in funding to accelerate the development of its revolutionary 3D parts Software-as-a-Service (SaaS) platform. This platform is revolutionizing the approach to the global aftermarket, which is valued at $400BN. The funding round was led by Par Equity, with active participation from US-based Blumberg Capital. This … Read more

Protect AI Raises $35M in Series A Funding to Safeguard AI and ML Systems

Protect AI, a leading artificial intelligence (AI) and machine learning (ML) security company, has successfully closed a $35M Series A funding round. The funding was led by Evolution Equity Partners, with active participation from Salesforce Ventures and existing investors, including Acrew Capital, boldstart ventures, Knollwood Capital, and Pelion Ventures. To date, Protect AI has raised … Read more

Industry Veterans Launch InsurTech Modives, Close $3M Seed Round

Combining decades of accumulated experience in the insurance space, five industry vets today announced the formation of Modives—a new venture delivering automation to alleviate a painful and time-consuming process for property managers and auto dealers: insurance verification. “One of the pain points for both selling cars and renting properties is that verifying insurance takes too … Read more

Affinity Acquires Opinary to Expand Global Presence in Europe

Affinity Global Inc, a globally-diversified ad tech firm that provides privacy-friendly advertising solutions and SaaS platforms, has announced its acquisition of Opinary, a Berlin-based consumer engagement focused media tech company. This strategic move solidifies Affinity’s commitment to expanding its global presence in Europe and further strengthening its position in the Ad-Tech industry, while also paving … Read more

Offsite Raises $3 Million To Reconnect Remote and Hybrid Companies

Offsite, the marketplace and tech-enabled services provider saving time, money, and stress for remote and hybrid companies planning team retreats, today announced it has raised $3 million to help create more connected workforces through in-person experiences. Since launching in 2021, Offsite has planned hundreds of team retreats in over 15 countries for clients ranging from hospitals to … Read more

SOS Secures $7.6M in Funding, Supported by Wasserman Ventures and Urban Us Capital

SOS, the female-founded company that is redefining wellness on the go through a fast-growing network of smart vending machines, is announcing $7.6 million in funding in two separate strategic partnerships: a $2.6 million investment round supported by Wasserman Ventures and $5 million round led by Urban Us Capital to support machine production and expansion. Through these partnerships, SOS will leverage the investment to expand into sports arenas, … Read more

Arkon Energy Bolsters Global Expansion with $26 Million Capital Raise

Arkon Energy Pty Ltd (Arkon), a global data center infrastructure company, today announced the successful completion of a $26 million capital raise with new funding being provided by Sandton Capital Partners, a global credit-oriented asset manager and participation from JGB Management, an existing lender to Arkon. The investment into Arkon is set to bolster the company’s strategic … Read more

Decentralized Identity Startup Intuition Raises $4M in Funding Round

Intuition, a decentralized infrastructure provider, has successfully raised $4 million in a seed round led by Superscrypt. The funding comes as Intuition prepares for the public launch of its protocol and first applications later this year. Intuition’s groundbreaking platform enables users to create attestations about any subject and store the information in a manner that … Read more

Silent Push Launches with $10M in Total Funding

Silent Push, a detection-focused threat intelligence company, announced today the company’s launch with a total of $10M in seed funding led by global cybersecurity specialist investor Ten Eleven Ventures. Silent Push takes a unique approach to identifying emerging cyber threats by providing the most comprehensive view of global internet-facing infrastructure available and applying deep analysis … Read more

Trala Raises $8M Series A, to Revolutionize Music Education and Cultivate a New Generation of Musicians

Trala, the innovative online music school, is excited to announce the closing of its $8M Series A funding round, led by Seven Seven Six, with participation from Lachy Groom Fund, Altman Capital, Next Play Ventures, and Concrete Rose Ventures. This latest investment brings Trala’s total funding to $15M, supporting its mission to make world-class music education accessible to … Read more

Fairmatic Raises $46M to Drive AI Innovation in Commercial Auto Insurance

AI-powered commercial auto insurance company Fairmatic today announced it has raised $46 million in new funding, six months after its oversubscribed Series A, bringing its total financing to $88 million. Battery Ventures led the round with participation from current investors and Bridge Bank. Fairmatic is creating a new commercial auto insurance category with its AI-driven underwriting approach that unlocks continuous savings … Read more

Revolv Raises $15 Million to Support Growing Demand for Decarbonized Commercial Fleets

Revolv, a full-service provider of electric medium-to-heavy commercial fleets, today announced it has closed a $15 million Series A funding round led by an affiliated fund of Greenbacker Capital Management LLC (“Greenbacker”), which provides growth capital and best-in-class guidance for growth-stage clean energy companies. With the investment, Revolv will expand its operations across North America to support the growing demand for … Read more

Entrepreneur First Launches Graduate Program to Develop the Next World-Changing Founders

Entrepreneur First (EF) is an early-stage talent investing firm that hand-selects exceptionally talented individuals and brings them together to build globally impactful companies from scratch. Established in India in 2019, the global talent investor has now announced the launch of its ‘Graduate program’ for the best of India’s current students and recent graduates. This program is … Read more

Kedaara Capital acquires majority stake in Oliva Skin & Hair Clinic

Oliva Skin & Hair Clinic,  one of India’s leading medico-aesthetic dermatology services players, today announced a strategic partnership with Kedaara Capital. With its third investment in the single speciality healthcare segment, Kedaara aims to support and fuel Oliva’s growth towards realizing its vision of becoming India’s most respected and leading medico-aesthetic dermatology chain. The transaction will … Read more