Parsers VC - Weekly Funding / Startup / VC news of August 13, 2024

Venture Capital News. Funding rounds, statistics Week of August 6 - August 12: United States (33 - $8.46B), India (12 - $2.52B), United Kingdom (4 - $399M)

August 13, 2024

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In a world where technology and work dynamics are in constant flux, the UK finds itself at a crossroads. Recent developments reveal a landscape marked by ambition, disappointment, and a quest for balance. The British government has made headlines by scrapping two major contracts aimed at enhancing the nation’s technological prowess. Meanwhile, a growing desire for workplace flexibility among Scottish workers signals a shift in priorities. Together, these narratives paint a vivid picture of a nation grappling with its future.sing dynamic changes that reflect the evolving landscape of the industry.

The Indian startup ecosystem is buzzing. Recent funding rounds showcase a diverse array of sectors, from medtech to agritech, and even dating apps. Investors are eager to back innovative ideas. The landscape is shifting, and the stakes are high.
SigTuple, a medtech startup, recently secured $4 million in funding. This cash infusion comes from Sidbi Venture Capital and other existing investors. SigTuple specializes in digital microscopy solutions powered by artificial intelligence. Their technology aims to revolutionize diagnostics. The medical field is ripe for disruption. With this funding, SigTuple can expand its geographical reach and enhance its product portfolio. The future looks bright for this ambitious startup.

In the world of technology, change is the only constant. The rise of PowerShell is a testament to this truth. Once upon a time, system administration was a tedious task. Administrators relied on clunky command-line tools, often feeling like they were trying to navigate a maze blindfolded. Enter Jeffrey Snover, a visionary who saw the potential for a revolution.
Back in 2003, Snover and his team embarked on a journey to create a new shell. They named it Monad, a name that hinted at its powerful capabilities. The goal was clear: automate administrative tasks and streamline processes. The first public beta emerged in 2005, but it wasn’t until 2006 that Monad transformed into Windows PowerShell. This was a game-changer.

India stands at a crossroads. The nation is balancing economic growth with the pressing need for sustainability. Recent developments in the industrial sector highlight this delicate dance. From the looming Carbon Border Adjustment Mechanism (CBAM) to innovative corporate leadership, the landscape is shifting rapidly.
The CBAM is a specter haunting India's steel and aluminum industries. Proposed taxes of 20-35% could slice into 0.5% of India's GDP. This isn't just a number; it's a wake-up call. The steel industry, currently emitting 2.5 tonnes of CO2 for every tonne of crude steel, faces immense pressure. The need for green technologies is urgent. Yet, these technologies come with high costs and restrictive intellectual property regimes. It's a tightrope walk between development and decarbonization.

In the ever-evolving landscape of technology and politics, two titans are embroiled in battles that could reshape the future. Donald Trump, the former president, has issued a stark warning to Google, while Elon Musk reignites his legal feud with OpenAI. Both conflicts highlight the tension between innovation, regulation, and the power dynamics of Silicon Valley.

In the ever-evolving landscape of streaming services, Disney is at a crossroads. The company is raising prices again, leaving subscribers feeling like they’re on a rollercoaster with no end in sight. Starting October 17, 2024, Disney+, Hulu, and ESPN+ will see price increases of up to 25%. This marks the second hike in less than a year. For many, it feels like a betrayal.
Disney+ is not just a streaming service; it’s a cultural phenomenon. It houses beloved franchises and iconic characters. Yet, the joy of binge-watching is now shadowed by rising costs. The new pricing structure reveals a stark reality. Disney+ with ads will jump from $8 to $10 per month. Without ads, it will rise from $14 to $16. Hulu and ESPN+ are following suit, with similar increases. The math is simple: more money for the same content.

The electric vehicle (EV) revolution is upon us. As cities grow greener and technology advances, the need for efficient energy solutions becomes paramount. Enter battery banks—a concept that promises to reshape the landscape of EV infrastructure. Recently, U Power Limited and Velo Labs Technology Ltd. announced a partnership aimed at establishing a trading platform for battery assets in Thailand. This collaboration is not just a business move; it’s a leap into the future of energy management.

In the world of defense contracting, the stakes are high and the competition is fierce. Recent announcements from General Dynamics Electric Boat and the U.S. Army signal a pivotal moment in military procurement. These developments reflect a broader strategy to enhance capabilities and streamline operations.
On August 5, 2024, General Dynamics Electric Boat secured a hefty $1.3 billion contract modification. This deal focuses on long lead time materials for the Virginia-class Block VI submarines. It’s a significant step for the U.S. Navy, as these submarines are designed to meet the complex demands of modern warfare. The Virginia-class submarines are not just vessels; they are floating fortresses, equipped for anti-submarine warfare, surface ship engagements, and special operations.

Last week's funding rounds

80 funding rounds, -27% from last week.

Number of funding rounds in the last quarter - August 12, 2024 by Parsers VC

Total raised $12.09 billion, +255% since last week

Total raised $, bln - August 12, 2024 by Parsers VC

Compare with the same week last year

Funding rounds -26% from last year

Number of funding rounds compared to last year - August 12, 2024 by Parsers VC

Total raised +238% since last year

Total raised compared to last year $, bln - August 12, 2024 by Parsers VC

Funding rounds in United States

  • Groq Raises $640M 

  • MBX Biosciences, Inc. Raises $63.5M Series C Round 

  • STACK Infrastructure Raises $3B 

  • Seeq Corporation Raises $50M Series D Round from Sixth Street 

  • Guidehealth Raises $14M Seed Round 

  • CompoSecure Raises $372M 

  • Artax Raises $8M 

  • NeuroTherapia, Inc. Raises $12.3M Series B Round 

  • Chaiz Raises $3.7M Seed Round 

  • Andrena Raises $18M 

  • Lucid Motors Raises $1.5B 

  • Abnormal Security Raises $250M at $5.1B Valuation 

  • Franpos Raises $20M 

  • Placer.ai Raises $75M 

  • MuonSpace Raises $56M Series B Round 

  • H3X Technologies Raises $20M Series A Round 

  • Savvy Wealth Raises $15.5M 

  • Anjuna Raises $25M 

  • SK hynix Raises $450M 

  • Remi Raises $21M Series A Round 

  • Octane Raises $50M Series E Round 

  • Rose Raises $30.5M 

  • Metadome.ai Raises $6.5M Series A Round 

  • Embue Raises $335K Grant Round 

  • Levitate Raises $15M Series D Round 

  • Gigpro logo Raises $16M Series A Round 

  • Neon Raises $25M 

  • DevRev Raises $100M 

  • Anduril Industries Raises $1.5B Series F Round 

  • Haus Raises $20M 

  • Reforged Labs (YC W22) Raises $3.9M 

  • Oats Overnight Raises $35M Series B Round 

  • Rewst Raises $45M 

Funding rounds in United Kingdom

  • Riverlane Raises $75.12M Series C Round 

  • CloudPay Raises $120M 

  • ThinCats Raises $95.62M from CPP Investments 

  • Yodel Raises $108.37M 

Funding rounds in India

  • Country Delight Raises $8.36M from Alteria Capital 

  • Pantomath Group Raises $238.7K Pre-IPO Round 

  • Unicommerce Raises $15M 

  • FirstCry.com (BrainBees Solutions Pvt. Ltd.) Raises $227M IPO Round 

  • Ola Electric Raises $1.8B IPO Round 

  • Agrizy Raises $9.8M Series A Round from Accion Venture Lab, Omnivore Partners 

  • kindlife.in Raises $8M Series A Round 

  • BlueBinaries Engineering and Solutions Pvt Ltd Raises $7.15M from Anicut Capital 

  • Fourth Partner Energy Raises $275M 

  • SigTuple Raises $4M from SIDBI 

  • OYO Raises $175M Series G Round 

  • GenWorks Health Raises $4.88M from Evolvence India 

Follow new funding rounds every day on Twitter and Telegram

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