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…

Startup Perplexity AI received investment to develop its AI search engine

Perplexity AI released a search engine that could become a competitor to Google The American company Perplexity AI raised US$26 million in a funding round. The project is developing a search engine based on artificial intelligence. Investors' interest in the young company, which was only founded in 2022, is due to the growing demand for…

Startup DressX has received $15 million in investment

Digital marketplace DressX has held a funding round The startup DressX has received $15 million in funding. Two girls founded the project, and it is a marketplace of exclusive clothes, not in a physical format, but in a digital format. On the platform, you can find more than 3,000 items from different designers and DressX-branded…

Bitwise Industries receives an $80 million investment

Bitwise Industries' valuation reaches $600 million U.S. startup Bitwise Industries has raised $80 million in investments, bringing the valuation to $600 million. The company develops and supports technological ecosystems to support cities and institutions. It provides solutions in 3 areas: human resources, consulting services, and real estate. Bitwise Workforce trains people with technical skills. Only…

Launching a startup in Europe: the benefits of the fintech sector

Fintech startup in Europe stands a good chance of getting investment The European community makes every effort to develop and stimulate small businesses. The government supports new projects and takes various steps to create a transparent financial market and healthy competition. Every year it becomes easier to launch startup in Europe. Investors are ready to…

German company BioNTech acquires AI startup InstaDeep

InstaDeep to develop AI solutions as part of BioNTech BioNTech, a German biotech company, announced the purchase of InstaDeep, a startup engaged in developments in the field of artificial intelligence. The amount of the deal will be 362 million euros, under which the vaccine manufacturer will increase the number of shares of the British business…

Enpal receives investment for business development

German startup Enpal raises €215 million in funding Enpal, which operates in the field of green energy, conducted a round of financing. As a result, it was able to get 215 million euros of investment, thanks to which the business valuation reached 2.2 billion euros. The main investor was the TPG Rise Climate fund. Prior…

OpenAI AI startup may receive investment from Microsoft Corporation

OpenAI will reach a valuation of more than $20 billion thanks to investments from Microsoft Microsoft is considering investing $10 billion in the startup OpenAI. If the deal goes through, the value of the company could reach $29 billion. So far there is no official statement from the interested parties, but some sources note that…

Startup Monarch Tractor launches its MK-V tractor

Monarch Tractor introduces a tractor with an intelligent control system The American company Monarch Tractor announced the launch of autonomous tractors that run on an electric motor. The equipment is equipped with a system based on the artificial intelligence of Jetson Edge generation from NVIDIA Corporation. The MK-V tractors will be the first in the…

Startup Vektor AI received funding in the pre-seed round

Vektor AI: a platform for finding a mentor and professional development Startup Vektor AI raised $2.5 million in a pre-seed round. Investors included both individuals and large funds, including Cherry Ventures, Bradley Horowitz, who is a vice president at Google, and others. Vektor AI was founded by a married couple who previously worked at Yandex.…

06.03.20230Comments

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