FRANCE – OVHcloud, a Roubaix, France-based cloud company, acquired gridscale, a Bonn, Germany-based software provider specialised in hyperconverged infrastructure. The amount of the deal – expected to close at the beginning of September 2023 – was not disclosed.With the acquisition, OVHcloud will accelerate its geographical deployment, and enter the market of Edge Computing. High-Tech Gründerfonds […]
Archivio Categoria: venture capital funding
INDIA – Shaktimaan.ai, a Bengaluru, India-based Artificial intelligence-powered educational platform provider, raised $2m in a seed funding round. Backers included Fundersclub, GoodWater Capital, Y Combinator, and founders of Jar, among others.The company intends to use the funds to to enhance the platform’s capabilities and adaptability, as well as to advance a Language Model (LLM) specifically […]
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INDIA – Saksoft, a Chennai, India-based company which specializes in Enterprise Applications, Augmented Analytics, Intelligent Automation and Enterprise Cloud, acquired Solveda Group, a New York-based software design and development company. The amount of the deal was not disclosed.With the acquisition, Saksoft will enhance the focus on its Inch-wide Mile-Deep strategy of competing in market niches.Nick Rosser, CEO – […]
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INDIA – chargeMOD (BPM Power Private Limited), a Calicut, India-based EV startup, raised a 2.5 Cr in pre-seed funding. The round was led by Phoenix angels, a new Kerala based angel network formed by Shiraj Jacob , Joe Ranji and Harikrishnan V focusing on investing in Kerala startups.The company intends to use the funds to focus […]
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INDIA – Stable Money, a Bangalore, India-based startup operating a wealthtech platform, raised $5m in seed funding. The round was led by Matrix Partners India and Lightspeed, with participation from Titan Capital, Mar Shot Ventures, and angels Kunal Bahl and Rohit Bansal, Co-founders of Snapdeal, and Harsha Majety, CEO of Swiggy. The company intends to use […]
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CHINA – Neurophth Therapeutics, a Wuhan, China-based gene therapy company for ophthalmic diseases, raised nearly USD95M in Series C+ funding. The round was led by Yangtze River-CMB International Industry Fund, Wuhan Optical Valley Financial Holding Group, Wuhan Hi-Tech Holding Group, Hubei KTLC and Guangzhou Jinkong Fund. Additionally, CMG-SDIC Capital, Silicon Paradise Asset Management and Yangtze River […]
Unisun Energy Group, a Shanghai, China-based provider of industrial and commercial intelligent green power services, raised an undisclosed amount in Series C funding. The round was led by Cathay Capital and Source Code Capital.The company intends to use the funds for developing and constructing power plants, R&D and manufacturing of integrated energy storage systems, and […]
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INDIA – Mixi, Inc., a Tokyo, Japan-based mobile entertainment company, is to begin investment activities into startups in India. Through its subsidiary, MIXI Global Investments, Inc., the firm will invest 50 million USD (around 7.5 billion JPY) in startups developing 2C (to-consumer) services, mainly in the entertainment industry in India, to create synergies with portfolio […]
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INDIA – Credgenics, an Indian provider of a SaaS based debt collections platform, raised $50M in Series B funding round. Backers in the round, which valued Credgenics at $340M, included WestBridge Capital, Accel India, Tanglin Venture Partners, and Beams FinTech Fund. The company intends to use the funds to expand its offerings, and its business […]
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FRANCE – Stamus Networks, an Indianapolis, and Paris, France-based, Suricata-based network security company, closed a $6m series A funding. The round was led by First Analysis, with participation from new investor SmoothBrain, and existing seed stage investors Elevate Ventures and VisionTech Partners. The company intends to use the funds to advance product innovation, elevate customer experience, and scale go-to-market resources and programs.Led […]