Canvas GFX, Inc, the leading provider of interactive digital work instructions software to manufacturing ecosystems, today announced that it has closed a $9m Series A-1 funding round led by ECoast Angels and Mendoza Ventures. The raise positions Canvas GFX to drive rapid growth for its interactive digital work instructions solution, Canvas Envision. Existing customers of Envision include Aerospace & Defense … Read more
Nanoprecise Sci Corp, an AI-based Condition Monitoring & Prescriptive Maintenance Solution provider raised USD $10 million in series B investment from 4 new investors. The round was led by Export Development Canada (EDC), with participation from Honeywell Ventures, NSK Ltd., and EC Mergers & Acquisitions. Founded in 2017 by CEO Sunil Vedula, the core team … Read more
Leading Israeli startup EVR Motors will showcase a range of high-power density electric motors, based on its innovative “Trapezoid Stator” motor topology at Auto Expo Components 2023 in Pragati Maidan, New Delhi. EVR motors has developed a unique, patented motor topology: The “Trapezoidal Stator” Radial Flux Permanent Magnet (TS-RFPM) Motor. Compared to standard motors, EVR’s electric motors … Read more
According to CNBC, Elon Musk’s commercial rocket startup SpaceX has raised $750 million in its current investment round led by venture capital firm Andreessen Horowitz, which previously invested in Musk’s $44 billion takeover of Twitter. However, neither SpaceX nor the investors have provided official confirmation. SpaceX’s newest fundraising increased the SpaceTech startup’s valuation to $137 … Read more
First Mode, a global carbon reduction company focused on heavy industry, and global mining company Anglo American have signed a binding agreement to combine First Mode and Anglo American’s nuGen™ zero emission haulage solution to accelerate the transition of mining and other heavy industries to diesel-free futures. The transaction, which is expected to close in January 2023, values the newly … Read more
Ghodawat Consumer Limited (GCL), the FMCG arm of Sanjay Ghodawat Group (SGG) has acquired Mumbai-based startup Coolberg, which offers malt-based flavored non-alcoholic beverages. Founded by Pankaj Aswani and Yashika Keswani in 2016, Coolberg has been the pioneer of the malt-based beverage category in India and has scaled its distribution in more than 200 cities and across 10 countries. Founded in 2013, GCL has focused … Read more
GoFreight has announced that it raised $23M in Series A funding, co-led by Flex Capital and Headline. The round includes participation from LFX Venture Partners, Palm Drive Capital, and existing investors like LA-based Mucker Capital, Cornerstone Ventures, and Red Building Capital. GoFreight offers an all-in-one cloud-based software that consolidates the complex and meticulous work of freight forwarders … Read more
Prado, an e-commerce and logistics platform fueling a more sustainable food system, today announced it has raised $5.75 million in seed funding. The financing was led by Bonfire Ventures, with participation from Slauson & Co., January Ventures, Alumni Ventures, Bridge Investment Group, and Supply Change Fund. The investment will be used to grow the Prado team and scale its platform to support more … Read more
Cloudflare, Inc., the security, performance, and reliability company helping to build a better Internet, today announced the Workers Launchpad Funding Program has grown to $2 billion for potential investment in startups building on Cloudflare Workers, an increase of 14 partners and $750 million in less than two months. Cloudflare is also introducing the first cohort … Read more
SE Ventures today announced a €500 million Fund II establishing the firm as one of the largest VCs focusing on climate and industrial technology. Backed by Schneider Electric, the global leader in the digitalization of industrial automation and energy management, this move builds upon a 2018 Fund I to bring SE Ventures to €1 billion of … Read more
OneSchema is saving software engineers years of development time with their suite of developer tools for ingesting CSV data. The company announced today a $6.3M funding round led by General Catalyst, with participation from Sequoia Capital, Y Combinator, Elad Gil and Contrary Capital. OneSchema’s flagship product is an embeddable CSV importer used by developers to launch CSV import capabilities … Read more
Wib, the fast-growth cybersecurity startup pioneering a new era in API security, today announced a $16 million investment led by Koch Disruptive Technologies (KDT), the growth and venture arm of Koch Industries, Inc, with participation from Kmehin Ventures, Venture Israel, Techstars and existing investors. The investment will be used to enhance Wib’s pioneering holistic API security platform and accelerate international … Read more
Kyte, the company pioneering cars delivered to you on-demand for daily, weekly or monthly use, today announced $60M in Series B growth equity financing. The round is led by InterAlpen Partners, whose founder, Stephen George – an early investor in Tesla and SpaceX – is joining Kyte’s Board. Other new investors include Valor Equity Partners, Anthemis, Citi Ventures, and … Read more
FLX Networks, the technology platform modernizing the engagement between asset and wealth management firms, today announced a capital raise of $10 million. The growth equity round, which values the company at approximately $50 million, was led by global investment manager Barings, with participation from industry leaders Allianz Life Ventures and Broadridge Financial Solutions. The raise reflects cross-industry confidence in the platform … Read more
Origin Ventures and Felton Group led a $17 million fundraising round for Fringe, an HR digital startup that enables businesses to offer employees customisable perks and incentives. According to CEO Jordan Peace, the funds will be used to develop new products, expand Fringe to more nations, and increase the team’s size from 72 to over … Read more
Bahrain’s investment promotion agency, the Bahrain Economic Development Board (Bahrain EDB), announced its participation in the Singapore Fintech Festival (2-4 November) with the aim to support fintech and financial services companies tap into MENA market through Bahrain. During the first three quarters of 2022, Bahrain EDB has supported nine financial services companies to setup or expand in Bahrain, … Read more
