Space startup Interlune plans to mine resources on the Moon

Interlune intends to mine and deliver Helium-3 from the moon to Earth In March 2024, space startup Interlune held a funding round. Backed by venture capital firm Seven Seven Six, it raised US$15 million. Interlune plans to use the funds raised to realise its primary goal - resource extraction on the Moon. According to co-founder…

AI chips: OpenAI wants to raise US$7 trillion to make them

Sam Altman: AI chips need big funding US startup OpenAI, the developer of ChatGPT, has decided to expand its activities. It plans to produce its own AI chips and is looking for wealthy investors. The company's goal is ambitious - to raise US$7 billion in funding. OpenAI director Sam Altman is already in talks to…

Fintech startup Bilt doubles its valuation

Fintech startup Bilt to expand its loyalty program Fintech startup Bilt has led a funding round that has raised USD 200 million in capital. This has doubled the company's valuation to over USD 3 billion. General Catalyst led the funding round. Todd Boehly's Eldridge and existing investors also participated in the round. According to Ankur…

London startup Reboxed raises £1.6m to develop solution for retailers

Reboxed startup review London-based circular economy startup Reboxed has raised a round of funding. The company has raised £1.6m. The largest investor was ACF Investors. Founded in 2020 at the height of the pandemic, Reboxed is the project of two friends, Phil Kemish and Matt Thorne. The company provides businesses with turnkey solutions to effectively…

Orienspace has launched its Gravity-1 rocket

Private company Orienspace has put satellites into orbit Chinese space startup Orienspace has launched a rocket of its own production. According to the company, this is the most powerful launch vehicle unveiled by a private company in the country. The ship launched Gravity-1 near the coast of the Yellow Sea. The rocket landed successfully in…

Startup Scalestack has raised investment to develop its AI platform

Scalestack's AI platform features Startup Scalestack has raised US$1 million in its first round of funding. Investors included Founders Network, Flyer One Ventures and other funds. The company plans to use the funds to develop new products and attract customers. Scalestack provides a comprehensive artificial intelligence-based data enrichment and prioritisation platform. The product targets the…

British space startup Open Cosmos has raised USD 50 million in funding

Open Cosmos plans to launch EO satellites Open Cosmos, a UK-based company, has completed a funding round in which it has raised USD 50 million in investment. The company will use the funds to develop a network of EO satellites to monitor the dynamics of climate change on Earth from space. The startup plans to…

Startup Nile, a rival to Cisco Systems, has received investment to expand its business

Network services provider Nile has raised a round of funding Nile raised US$175 million in a funding round that included March Capital and a Saudi Arabian fund. In addition to the latter, venture capital firms Telecom and Liberty Global, which are part of the Saudi Corporation, were investors in the project. The founders of the…

Sun-Ways installs solar panels on a railway in Switzerland

Swiss start-up Sun-Ways implements a project to lay solar panels on railway tracks Swiss start-up Sun-Ways has launched a project to equip railway tracks with solar panels. So far, the local government has permitted installing photovoltaic cells at one station, but the company plans to expand its activities over time. The process is automated, with…

InsurTech start-up Bolttech raises US$196m

Bolttech valued at US$1.6 billion Bolttech conducted a funding round that raised US$196 million. Key investors in the startup included MetLife and Japanese insurance market leader Tokio Marine, as well as the Sovereign Wealth Fund of Malaysia. Bolttech is valued at US$1.6 billion. Startup Bolttech has been operating in the InsurTech sector since 2020. The…

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