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The investment case for Cato is unusual. Most software sells on the promise of making a hard thing easy. Cato’s backers are betting that a hard thing stays hard. The Milan startup has raised €6m in seed funding to sell AI to companies bidding for Italian public tenders. Keen Venture Partners, the Amsterdam and London […]
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Cato raises €6m to sell AI into Italy’s €309.7bn tender market Read More »
Fluencify, a Stockholm company that runs creator marketing campaigns with software agents rather than account managers, has raised an oversubscribed $4.3M pre-seed round led by byFounders. It comes six months after the platform launched, a period in which the company says it passed $2M in annual recurring revenue. Wave Ventures also took part, and Magnus […]
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Fluencify raises $4.3M pre-seed after passing $2M ARR six months from launch Read More »
Pixxel, the Indian company that has spent six years arguing that Earth observation is worth doing in colours the human eye cannot see, has raised $100M in a Series C round led by Singapore’s state investor Temasek and the London-listed Seraphim Space Investment Trust. It is the largest single round any Indian space technology company […]
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Google-backed Pixxel raises $100M in India’s largest space tech round Read More »
Claret Capital Partners has closed its fourth European growth debt fund at €575M, well past the €500M it set out to raise. The London firm announced the final close today, splitting the total into €440m of Fund IV commitments and €135m of affiliated discretionary mandates. The money lends rather than buys, as growth debt gives […]
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Claret Capital closes €575M Fund IV for European growth debt Read More »
Anthropic’s stock market debut has moved, and the new date puts it days away from a national election. Reuters reported on Friday that the company expects to start marketing its offering in mid-October at the earliest. The listing would then complete shortly before the US midterms in November. Echo Wang had the story from people […]
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Anthropic will reportedly list days before the US midterm elections Read More »
Nscale has agreed to sell Figure at least $3.5bn of computing power. It has also bought a stake in Figure, which is the part worth looking at. The London company announced the partnership on 3 September in a statement also carried on PR Newswire. The deal covers up to 100,000 Nvidia GPUs running the Vera […]
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Nscale is selling Figure $3.5bn of compute and buying a stake in it Read More »
Mira Murati’s Thinking Machines Lab is raising money again. The figure that travelled around the internet last week was the wrong one. The Information broke the story on 3 September. Its current version puts the raise at $5bn to $6bn, on a pre-money valuation of at least $40bn. Accel, an investor since the seed round, […]
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Thinking Machines is in talks to raise $6bn, The Information reports Read More »
Ultrahuman announced a $70m funding round at IFA in Berlin last week, with Qualcomm’s venture arm among the backers. The Indian company makes smart rings. What it wants to build next is a ring that stops being a tracker. TechCrunch’s Jagmeet Singh reported the round first, with an interview with founder and chief executive Mohit […]
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Ultrahuman raised $70m to turn its ring into a computer Read More »
Oura filed to go public on Nasdaq on 3 September, and the coverage split within hours. Reuters reported that the smart ring maker had recently turned profitable. The Wall Street Journal told its readers the same. Bloomberg’s Subrat Patnaik led on a loss of $924.3m. Business Insider’s Kelsey Vlamis carried both figures without reconciling them. […]
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Oura’s $924m loss is the price of buying back its own shares Read More »
Hon Hai reported August revenue of NT$921.8B, about $29.1B, up 52% year on year on AI server demand, well ahead of analyst expectations for the quarter. In June it signed a EUR 120M manufacturing partnership with Bull, the French state-owned computing firm, splitting work between Pardubice and Angers.x Hon Hai reported an August revenue rise […]
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Nvidia partner Hon Hai’s sales climb 52% as Europe lines up its own orders Read More »