Parsers VC - Weekly Funding / Startup / VC news of October 1, 2024
Venture Capital News. Funding rounds, statistics Week of September 24 - September 30: United States (35 - $1.5B), India (9 - $614M), United Kingdom (11 - $226M), Canada (7 - $119M)
Most Popular Venture Capital News
1. Celestia Foundation Secures $100 Million to Revolutionize Blockchain Scalability
(Cited in 19 tech media)
In the fast-paced world of blockchain technology, innovation is the lifeblood. The Celestia Foundation has just injected a fresh wave of energy into this ecosystem by securing $100 million in funding. This substantial investment, led by Bain Capital Crypto, signals a robust vote of confidence in Celestia's vision for modular blockchain networks. With this latest round, the total funding for Celestia has reached an impressive $155 million.
Celestia is not just another player in the blockchain arena. It is pioneering a modular blockchain architecture designed to tackle the scalability challenges that have plagued traditional networks. The essence of Celestia's approach lies in its separation of layers. By decoupling the consensus and data layers from the execution layer, Celestia allows developers to craft their own transaction rules. This flexibility is akin to giving a chef the freedom to create a unique recipe rather than following a rigid menu.
2. The Encryption Arms Race: Safeguarding AI Models in a Digital Battlefield
(Cited in 16 tech media)
In the world of artificial intelligence, large language models (LLMs) are the titans of the digital age. They are the engines driving innovation, creativity, and automation. Yet, as their power grows, so do the threats surrounding them. The encryption of these models is no longer a mere technical consideration; it has become a matter of survival in a landscape riddled with legal battles, intellectual property theft, and cyber warfare.
Imagine a fortress. Its walls are high, its gates are fortified. But what happens when the enemy finds a way to breach those walls? This is the dilemma facing companies like OpenAI, NVIDIA, and Microsoft. They are locked in a race not just to innovate but to protect their intellectual property from a barrage of attacks. The stakes are high, and the methods of attack are evolving.
3. Torq's $70M Funding: A Leap into the Future of Cybersecurity
(Cited in 14 tech media)
In the fast-paced world of cybersecurity, Torq has just made a significant move. The New York City-based company has raised $70 million in Series C funding. This infusion of capital brings its total funding to a striking $192 million. The stakes are high, and Torq is ready to play.
Led by Evolution Equity Partners, the funding round also saw participation from notable players like Bessemer Venture Partners, Notable Capital, Greenfield Partners, and Strait Capital. With this financial backing, Torq aims to expand its reach across Europe, the Middle East, and the Asia-Pacific region. The company is not just looking to grow; it’s gearing up to enhance its generative AI capabilities.
4. Huawei's Bold Leap: HarmonyOS Takes Center Stage
(Cited in 13 tech media)
In a world where tech giants battle for dominance, Huawei is making a bold move. The company plans to abandon Windows for its own operating system, HarmonyOS. This shift is not just a business decision; it’s a declaration of independence. The head of Huawei’s consumer business, Yu Chengdong, has announced that the company will stop producing PCs with Windows. Instead, it will embrace HarmonyOS, a system designed to be faster and more secure.
HarmonyOS is not just another player in the crowded OS market. It boasts a new kernel that stands apart from Linux. This independence could be its secret weapon. However, the success of HarmonyOS hinges on one crucial factor: software support. Without a robust ecosystem of applications, even the best operating system can falter. Game developers, in particular, hold the key. If they embrace HarmonyOS, it could flourish. If not, it may struggle to gain traction.
5. The Rising Tide of AI Threats: Navigating the Deepfake and Malware Landscape
(Cited in 12 tech media)
In the digital age, artificial intelligence (AI) is a double-edged sword. It empowers innovation but also fuels new threats. The emergence of deepfakes and AI-generated malware is reshaping the cybersecurity landscape. Businesses and individuals alike must adapt or risk being swept away by this rising tide.
Deepfakes are not just a buzzword; they are a reality that poses significant risks. A recent survey revealed that 80% of executives see deepfakes as a threat to their organizations. Yet, only 29% have taken action to counter this menace. This disconnect is alarming. As AI technology evolves, so do the tactics of cybercriminals. They are using AI to create sophisticated impersonations, undermining trust and security.
6. Helaina's $45 Million Leap: Revolutionizing Nutrition with Human Lactoferrin
(Cited in 10 tech media)
In the bustling world of biotechnology, Helaina stands out like a lighthouse in a storm. This New York-based startup has just raised $45 million in a Series B funding round, a significant boost that brings its total equity funding to $83 million. The money will fuel the launch of effera, the first human lactoferrin product on the market. This bioactive protein, derived from precision fermentation, is poised to disrupt the nutrition landscape, targeting women’s health, active nutrition, and healthy aging.
Helaina’s journey began in 2019, and since then, it has carved a niche in the competitive realm of functional foods. The company’s innovative approach leverages precision fermentation, a method that genetically engineers microbes to produce specific proteins. In this case, Helaina is producing human lactoferrin, a protein traditionally sourced from cow’s milk. The shift from bovine to human lactoferrin is not just a matter of preference; it’s about efficacy and tolerability.
7. The Gut Health Revolution: Viscera-3® and the Rise of Sodium Butyrate
(Cited in 10 tech media)
In the world of wellness, gut health is the new gold standard. As we step into 2024, the spotlight shines brightly on a groundbreaking supplement: Viscera-3®. This product, featuring time-released sodium butyrate in the form of tributyrin, promises to revolutionize how we think about digestive health. It’s not just a trend; it’s a necessity.
The gut health market is booming. It’s projected to soar from $55.7 billion in 2023 to $68.17 billion by 2030. This surge is fueled by a growing awareness of the gut's role in overall well-being. Consumers are no longer satisfied with mere fiber; they want results. Viscera-3® stands out as a beacon of hope in this crowded landscape.
8. Docker and Monitoring: A Developer's Toolkit for Success
(Cited in 10 tech media)
In the world of software development, efficiency is king. Developers crave tools that streamline processes and enhance productivity. Enter Docker, a game-changer in application development and deployment. Docker is like a magic box that holds everything an application needs to run. It packages applications into containers, ensuring they work seamlessly across different environments.
Imagine a world where you can run your application without worrying about the underlying infrastructure. That’s Docker. It isolates applications in containers, using the host operating system. Unlike traditional virtual machines, containers share the host OS, making them lightweight and fast. This is the essence of Docker: simplicity and speed.
Last week's funding rounds
155 funding rounds, -2% from last week.
Number of funding rounds in the last quarter - September 30, 2024 by Parsers VC
Total raised $3 billion, -45% since last week
Total raised $, bln - September 30, 2024 by Parsers VC
Funding rounds in United States
arqu Raises $10M Series A Round
NCPDPFoundation.org Raises $149.1K Grant Round
Atlys Raises $20M Series B Round
Torq Raises $70M Series C Round
Whatfix Raises $125M
ujet.cx Raises $76M Series D Round
Helaina Raises $45M Series B Round
Tamnoon Raises $12M
EGYM | North America Raises $200M
VerImmune Raises $4.5M Seed Round
Crisp Data Platform for the Food Industry Raises $72M Series B Round
Centivo Raises $75M
Dandelion Geothermal Raises $40M Series C Round
Pyka Raises $40M Series B Round
orb.com Raises $25M Series B Round
mbue Raises $1.8M Pre-Seed Round
David Energy Raises $23M
GC Therapeutics Raises $65M Series A Round
Route 92 Medical Raises $50M Series F Round
HighFive Raises $250K Seed Round
Prepared Raises $27M Series B Round
Zing Health Raises $140M
Mendaera Raises $73M Series B Round
858 Therapeutics Raises $50M Series B Round
OxeFit Raises $17.5M
AmpUp Raises $15M Series A Round
Gladly Raises $40M
Cytix Raises $2.14M Seed Round
iSpecimen Raises $1M
Observe, Inc. Raises $145M Series B Round
Wrapbook Raises $20M at $750M Valuation
C2N Diagnostics Raises $7.03M
TAB Bank Raises $4.5M
Zenlytic Raises $9M
Welltory Raises $3M
Funding rounds in United Kingdom
Invizius Raises $1.27M
valtech_ Raises $173.1K
Corryn Biotechnologies Raises $200.3K
Notpla Raises $26.7M Series A Round
Constructive Bio Raises $58M Series A Round
Mews Raises $100M
Integrum ESG Raises $4.53M
GPDQ Raises $1.6M from IW Capital
LiveFlow Raises $13.5M Series A Round
CapitalRise Raises $10.97M
Simpler. Raises $10.04M
Funding rounds in India
M2P Fintech Raises $100M
Nazara Raises $108M
HomeLane Raises $26.93M
Inox Wind Infrastructure Services Limited Raises $263.32M
Qure.ai Raises $65M
AdOnMo Raises $25M
Hosteller Raises $3.83M Series A Round
Kapiva Raises $10M
SATYA MicroCapital Limited Raises $11.97M
Funding rounds in Canada
Scribenote Raises $8.2M Seed Round
Ayrton Energy Raises $6.8M Seed Round
Orpyx Raises $20M
Venus Concept Raises $15M
Cyclic Materials Raises $53M Series B Round
Nulogy Raises $15M
Bloks Raises $1.5M Seed Round
Funding rounds in Germany
Enginsight GmbH Raises $6.67M
family.cards Raises $1.33M Seed Round
Distribusion Raises $80M
BIOVOX GmbH Raises $2.44M
Polymarket Raises $50M
syte Raises $5.56M Seed Round
senvo Raises $2.78M
Funding rounds in France
Kestra Raises $8M Seed Round
InSpek Raises $6.67M
Dotfile Raises $6.67M
Alan Raises $193.08M Series F Round
VELA Raises $43M
MicroPEP Technologies Raises $40M Series B Round
Funding rounds in Italy
Jet HR Raises $13.39M Seed Round
Genespire Raises $51.77M Series B Round
hlpy Raises $20M Series B Round
More funding rounds in the article…
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