Parsers VC - Weekly Funding / Startup / VC news of September 17, 2024
Venture Capital News. Funding rounds, statistics Week of September 10 - September 16: United States (34 - $1.94B), India (4 - $384M), United Kingdom (5 - $82M)
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Most Popular Venture Capital News
1. The Double-Edged Sword of Generative AI in Education and Medicine
(Cited in 33 tech media)
Generative AI is a powerful tool. It can illuminate dark corners of knowledge. But it can also cast shadows. Recent studies reveal its impact on education and medicine. The findings are both promising and troubling.
In education, a study from Dongyang Mirae University in South Korea shines a light on the role of ChatGPT in software development courses. Researchers evaluated 36 computer science students. They divided the students into two rounds. The first round assessed coding quality, innovation, and project compliance. The top 15 advanced to the second round. The results were striking.
2. Bridging the Digital Divide: The Rise of Open-Source Education and AI Literacy
(Cited in 23 tech media)
In a world where knowledge is power, the digital divide remains a chasm. Two recent initiatives shine a light on how technology can transform education, especially in underserved regions. EIDU, a Berlin-based edtech pioneer, is opening its doors wide with an open-source model. Meanwhile, Experience AI, a collaboration between the Raspberry Pi Foundation and Google DeepMind, is gearing up to teach millions about artificial intelligence. Together, these efforts aim to level the playing field in education.
EIDU is not just another tech company. Founded in 2015, it is a social enterprise with a mission. It partners with governments in low- and middle-income countries (LMICs) to digitize public education systems sustainably. The goal? To ensure that every child, regardless of their background, has access to quality education. EIDU’s platform is designed for the real world. It works offline, making it usable in areas with limited internet. This is crucial. In many LMICs, connectivity is a luxury, not a given.
3. Atomico's Bold Leap: A $1.24 Billion Investment in Europe's Future
(Cited in 22 tech media)
In a world where innovation is the lifeblood of progress, Atomico has just made a monumental move. The London-based venture capital firm announced its largest-ever fundraise, totaling $1.24 billion. This ambitious step is not just a number; it’s a declaration. A declaration that Europe is ready to take center stage in the global tech arena.
Founded in 2006 by Niklas Zennström, the co-founder of Skype, Atomico has always been about empowering entrepreneurs. The firm’s founder-focused approach is akin to a gardener nurturing young plants. With the right resources and support, these startups can blossom into towering trees. The new funds consist of two distinct entities: Atomico Growth VI, which has $754 million to invest in companies from Series B to pre-IPO, and Atomico Venture VI, with $485 million aimed at early-stage investments, primarily Series A.
4. IBM's Strategic Move: Acquiring Accelalpha to Boost Oracle Cloud Services
(Cited in 16 tech media)
In the fast-paced world of technology, acquisitions are like chess moves. Each one can shift the balance of power. IBM's recent announcement to acquire Accelalpha is a bold play in the realm of Oracle Cloud Applications. This acquisition is not just about numbers; it’s about strategy, expertise, and a vision for the future.
IBM, a titan in the tech industry, has set its sights on Accelalpha, a consultancy known for its prowess in Oracle services. This move is designed to enhance IBM's capabilities in supply chain management, finance, and customer transformation. It’s a calculated step to meet the growing demand for digital transformation among enterprises.
5. The Digital Frontier: OSL and Mastercard Forge New Paths in Brand and Security
(Cited in 15 tech media)
In the ever-evolving landscape of digital finance, two giants are making headlines. OSL, a leading digital asset platform, is undergoing a significant brand transformation. Meanwhile, Mastercard is bolstering its cybersecurity defenses with a hefty acquisition. Both moves signal a shift in how these companies aim to navigate the complexities of the digital world.
OSL has tapped Pentagram, a global design powerhouse, to spearhead its brand evolution. This partnership is not just a cosmetic change; it’s a strategic pivot. OSL is on a mission to expand its reach in the digital asset space. The collaboration with Pentagram is like planting a flag on new territory. It’s about crafting a brand that resonates in a crowded marketplace.
6. Adobe's Firefly Video Model: A New Dawn for Video Editing
(Cited in 12 tech media)
Adobe is stepping into the future with its latest innovation: the Firefly Video Model. This generative AI tool is designed to revolutionize video editing. It’s like adding a turbocharger to a sports car. The potential is immense.
The Firefly Video Model is part of Adobe's Firefly family, which already includes tools for images and designs. Think of it as a Swiss Army knife for video professionals. This new model aims to enhance workflows, making the editing process smoother and more intuitive.
7. FlexiLoans Secures $35 Million to Propel MSME Lending in India
(Cited in 12 tech media)
FlexiLoans, a Mumbai-based fintech lender, has struck gold again. The company recently secured approximately $35 million (INR 290 crore) in a Series C funding round. This infusion of capital comes from a trio of global investors: Accion, Nuveen, and Fundamentum, alongside existing backer Maj Invest. The financial landscape is shifting, and FlexiLoans is at the forefront, ready to capitalize on the burgeoning demand for micro, small, and medium enterprises (MSMEs) in India.
Founded in 2016 by a team of Indian School of Business alumni, FlexiLoans aims to bridge the financial gap for MSMEs. These businesses are the backbone of the Indian economy, yet they often struggle to access traditional funding. FlexiLoans steps in like a lighthouse in a storm, guiding these enterprises toward the capital they need to thrive.
8. InMobi's Bold Leap: $100 Million for AI and Growth
(Cited in 11 tech media)
InMobi is on the move. The mobile advertising giant has secured $100 million in debt financing from MARS Growth Capital. This partnership, a collaboration between MUFG and Liquidity Group, aims to turbocharge InMobi’s ambitions in artificial intelligence (AI) and strategic acquisitions.
Founded in 2007, InMobi has been a trailblazer in mobile advertising. It was India’s first unicorn, achieving that status in 2011. The company operates through two main arms: Glance and InMobi Advertising. Glance is an AI-driven content discovery platform, while InMobi Advertising focuses on delivering data-driven media solutions. Together, they form a powerful duo in the digital landscape.
Last week's funding rounds
156 funding rounds, +47% from last week.
Number of funding rounds in the last quarter - September 16 20, 2024 by Parsers VC
Total raised $4.95 billion, +37% since last week
Total raised $, bln - September 16, 2024 by Parsers VC
Funding rounds in United States
Buyerlink Raises $41M
OrsoBio Raises $67M Series B Round
Viome Raises $25M from Amazon
aifleet Raises $16.6M Series B Round
Smartcat Raises $43M
Glean Raises $260M Series E Round
Darkhive Raises $21M Series A Round
CSA Medical, Inc. Raises $53M Series D Round
Race Communications Raises $500M
P0 Security Raises $15M
finally Raises $50M Series B Round
Mangomint Raises $35M Series B Round
Solasta Raises $14M Series A Round
Operant AI Raises $10M Series A Round
Pieces Raises $25M
Bounti Labs Raises $16M Seed Round
Taylor Chip Raises $3.5M
Nostra Raises $8.9M
Sigo Seguros Raises $10.5M Series A Round
SpectraWAVE, Inc. Raises $50M Series B Round
Connectly.ai Raises $20M Series B Round
CATALYST ORTHOSCIENCE Raises $20M
Polly Raises $25M
Inflammatix Raises $57M Series E Round
GT medical technology Raises $35M from Horizon Technology Finance
Kredete Raises $2.25M Seed Round
Aembit Raises $25M Series A Round
ONL Therapeutics Raises $65M Series D Round
Every Raises $22.5M Series A Round
Datricks – Simplifying Compliance Raises $15M
Second Front Systems Raises $70M Series C Round from Salesforce
XP Health Raises $33.2M Series B Round
Candid Health Raises $29M
ZeroAvia Raises $34M
Strider Technologies Raises $55M Series C Round
Cohora Raises $2.5M
Nirvana Raises $24.2M Series A Round
Switch Raises $5B
Ledgebrook: Modernizing Specialty Insurance Raises $17M Series B Round
Funding rounds in United Kingdom
Epsilogen Stage Raises $16.35M Series B Round
Sloneek Raises $3.98M
CardiaTec Biosciences Raises $6.5M Seed Round
tem. Raises $13.69M
Puraffinity Raises $8.8M
LendInvest (LSE: LINV) Raises $654.14M from J.P. Morgan
Twenty7tec Raises $21.59M
Plant-ex Ingredients Raises $11.77M
Optalitix Raises $3M from Calculus Capital
Epitopea Raises $652.3K Grant Round
F2G Raises $100M
Form3 Raises $60M Series C Round from British Patient Capital (BPC)
Aggreko Raises $66M
Willo Raises $2.35M
DELLI Raises $6M Seed Round
Huma Raises $38M
Funding rounds in India
Ather Energy Raises $369.2K Pre-IPO Round
AppsForBharat Raises $18M Series B Round
FlexiLoans Raises $35M Series C Round from Accion Venture Lab
Godrej Properties Limited Raises $7.69M
MONEYBOXX FINANCE LIMITED Raises $21M
Futwork Raises $2.5M Series A Round from Blume Ventures
Northern Arc Capital Raises $92.55M
Funding rounds in Germany
Ucaneo Raises $7.45M Seed Round
eatformo Raises $61M Series B Round
Keyward Raises $1.1M
Habyt Raises $44.17M
Qualifyze GmbH Raises $54M Series B Round
Reverion Raises $62M Series A Round
Funding rounds in France
Elum Energy Raises $13M Series B Round
Jus Mundi Raises $22M Series B Round
Standing Ovation Raises $4.15M
Samp Raises $6.65M
AKUR8 Raises $119.41M Series C Round
More funding rounds in the article…
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