Varda Space Raises $250M at a $1.6B Valuation
Varda Space, a US space startup, has raised $250 million in a new Series D round at a valuation of $1.6 billion. The company shared the news with Reuters on…
SiMa.ai Raises $150M at $1.45B Valuation for AI Chips
Silicon Valley AI chip startup SiMa.ai has raised $150 million in a Series C funding round. The new deal values the company at about $1.45 billion. The fresh capital will…
Peak XV Raises Surge Cap to $5M for 18 New Startups
Peak XV Partners has raised the maximum amount it can invest in one startup through its Surge seed programme. The limit has moved from $3 million to $5 million per…
Dhravya Shah’s Supermemory Raises $3M to Build AI Memory
At 19, Dhravya Shah has built an AI startup around a problem that could become very important as AI tools become more useful: memory. His company, Supermemory, has raised $3…
Ortet Launches With $500M to Build AI Drug Discovery
A new biotech startup called Ortet has launched with an unusually large amount of capital. The company has secured $500 million in backing and plans to use artificial intelligence to…
Reverion Raises €154.2M to Scale Clean Energy Plants
German EnergyTech startup Reverion has raised €154.2 million in a major funding round. The company plans to use the new capital to scale its production of reversible fuel-cell power plants.…
Rayon Raises €10M to Build Interior Design Tools for AI
Paris-based startup Rayon has raised €10 million in a Series A funding round. The company makes browser-based drawing software for interior designers and wants to build what it calls the…
Primerry Raises ₹7.1 Crore to Build Child Health Products
Indian paediatric healthcare startup Primerry has raised ₹7.1 crore, or about $760,000, in a pre-seed funding round. The company wants to build a modern healthcare brand for children and make…
Global Funding Roundup: Arcee AI, BigHat and OX Security
The global startup market has seen several large funding deals across artificial intelligence, biotech and software security. Three names that stand out are Arcee AI, BigHat Biosciences and OX Security.…
IIT Madras Deep-Tech Fund Raises ₹450 Crore in First Close
IIT Madras, IIT Madras Research Park and venture capital firm Unicorn India Ventures have announced the first close of their deep-tech fund at about ₹450 crore. The fund, called IITM…