Parsers VC - Weekly Funding / Startup / VC news of August 20, 2024

Venture Capital News. Funding rounds, statistics Week of August 13 - August 19: United States (28 - $3.5B), India (4 - $171M), United Kingdom (6 - $75M), Germany (2 - $4M), Singapore (3 - $69M)

August 20, 2024

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In the fast-paced world of fintech, Syfe is making waves. The Singapore-based investment platform has just secured $27 million in a funding round led by notable investors, including Peter Thiel’s Valar Ventures and the London-based firm Unbound. This latest infusion brings Syfe’s total funding to a striking $79 million. It’s a testament to the company’s vision and ambition.
Founded in 2019 by Dhruv Arora, Syfe has quickly carved a niche in the wealth management landscape. The platform offers a suite of services, including managed portfolios, cash management solutions, and brokerage services. Its mission? To help individuals build wealth and secure a brighter financial future.

Caresyntax is on a mission. The startup has just raised $180 million to transform surgical data management. This funding comes as an extension of its Series C round, originally closed in 2021. The infusion consists of $80 million in equity and $100 million in growth debt. Investors include heavyweights like BlackRock and surgical.ai.
The heart of Caresyntax's innovation lies in its Smart OR Box. This device is like a watchful eye in the operating room. It collects data from various medical devices, streaming it to a cloud-based platform. Surgeons can access this information in real-time, enhancing their decision-making during procedures. After surgery, the data serves as a treasure trove for analysis. Medical teams can dissect complications and refine their techniques.

The digital landscape is shifting. Everyday AI is on the brink of mainstream adoption. In less than two years, it promises to reshape how we work. This technology aims to enhance productivity and streamline daily tasks. Imagine a world where AI assists in writing reports, summarizing emails, and facilitating collaboration. It’s not just a dream; it’s a forecast from Gartner, a leading research firm.
Everyday AI is more than a buzzword. It’s a tool designed to reduce digital friction. In the workplace, this means fewer obstacles for employees. They can focus on what truly matters—creativity and innovation. As organizations adapt to hybrid work models, the need for such technology intensifies. Companies are seeking ways to boost productivity beyond traditional methods. Everyday AI is the answer.

In the ever-evolving landscape of technology, two innovations stand out: Neuralink and VirtualFriend. Both represent the intersection of human experience and digital realms. One aims to restore lost abilities, while the other revives forgotten gaming memories. Together, they paint a vivid picture of what the future might hold.
Neuralink, founded by Elon Musk, is on a mission to change lives. Its recent operations showcase the potential of brain-computer interfaces. The second successful surgery marks a significant milestone. A patient, paralyzed below the neck, now interacts with the digital world through thought alone. Imagine that—a mind controlling a computer. It’s like wielding a magic wand in a world of ones and zeros.

The digital marketplace is a bustling bazaar. Consumers browse, compare, and decide based on reviews. But what if those reviews are lies? The U.S. Federal Trade Commission (FTC) has stepped in to clear the air. On August 14, 2024, the FTC finalized a ban on the buying and selling of fake online reviews. This move aims to restore trust in a system plagued by deception.
The ban is a powerful tool against the shadowy world of fake reviews. It targets companies that knowingly engage in this practice. Whether it’s a nonexistent customer, an insider, or even artificial intelligence, the FTC is drawing a line in the sand. The stakes are high. Companies caught in this web of deceit could face fines up to $51,744 per violation. This is not just a slap on the wrist; it’s a wake-up call.

China's economy is like a ship caught in a storm. The winds of uncertainty blow fiercely, and the waves of consumer caution crash against the hull of its e-commerce giants. Alibaba, a titan in the online retail world, recently reported disappointing earnings, sending shockwaves through the market. The company’s revenue fell short of expectations, a clear sign that the economic recovery is more of a mirage than a reality.
In the first quarter, Alibaba's revenue reached 243.24 billion yuan, approximately $33.98 billion. Analysts had anticipated a higher figure of 249.05 billion yuan. This shortfall reflects a broader trend. Chinese consumers are tightening their belts, a response to a sluggish economy and a housing market that feels like quicksand. The fear of job loss looms large, casting a shadow over spending habits.

The world of industrial automation is undergoing a seismic shift. Robotics is no longer a futuristic dream; it’s a present-day reality. Companies are racing to harness the power of offline programming (OLP) software. This software is the backbone of modern robotics, enabling machines to perform complex tasks with precision and efficiency. ABI Research recently ranked the top players in this field, highlighting the importance of software in driving automation forward.

In the bustling world of artificial intelligence, a new player has emerged, promising to reshape the landscape. Sahara AI Ltd. has recently secured $43 million in funding, a significant boost for its ambitious mission. This startup is not just another tech company; it’s a beacon of hope for creators and data contributors in the age of AI.
Sahara AI is pioneering a decentralized platform that leverages blockchain technology. This approach aims to tackle pressing issues surrounding copyright, privacy, and resource management in AI training data. In a world where data is the new oil, Sahara is here to ensure that the rights of the data contributors are not just acknowledged but celebrated.

Last week's funding rounds

65 funding rounds, -23% from last week.

Number of funding rounds in the last quarter - August 19, 2024 by Parsers VC

Total raised $3.86 billion, -213% since last week

Total raised $, bln - August 19, 2024 by Parsers VC

Funding rounds in United States

  • Inspirato Raises $10M 

  • EliseAI Raises $75M Series D Round 

  • Guidewheel Raises $31M Series B Round 

  • GOVX Raises $22K 

  • MD Ally – Public Safety Telehealth Raises $14M Series A Round 

  • Kiteworks Raises $456M from Sixth Street Growth, Insight Partners 

  • Caresyntax Raises $180M 

  • Quantum Circuits, Inc. Raises $60M Series B Round 

  • SupplyHouse.com Raises $50K 

  • Texas Instruments Raises $1.6B 

  • Histosonics Inc. Raises $102M 

  • Actuate Raises $11.5M 

  • Photon Raises $9M 

  • MYAVANA Raises $5.9M Seed Round 

  • Jumia.com Raises $99.6M 

  • ITpipes Raises $20M 

  • CapShift Raises $4M Series B Round 

  • Atlas Renewable Energy Raises $289M 

  • NextGen Policy Raises $6M Grant Round 

  • NRx Pharma Raises $16M 

  • Duquesne University Center for Career Development Raises $1.5M Grant Round 

  • Your Money Line Raises $4.5M Series A Round 

  • Patient-Centered Outcomes Research Institute (PCORI) Raises $165M 

  • Prana Thoracic Raises $3M Series A Round 

  • PayZen Raises $232M 

  • IDRx Raises $120M 

  • Consensus Raises $11.5M Series A Round 

  • UptimeAI Inc. Raises $14M Series A Round 

Funding rounds in United Kingdom

  • Gaussion Raises $12M Series A Round 

  • Hexarad Ltd Raises $14.26M 

  • trumpet Raises $6.35M 

  • Adamo Foods Raises $2.5M 

  • Promethean Particles Raises $10.19M 

  • Encord Raises $30M 

Funding rounds in India

  • Innoviti Payment Solutions  Raises $8.34M Series E Round 

  • JSW Group Raises $120M 

  • Sahara Raises $43M 

  • Ecom Express Limited Raises $309.7K 

Funding rounds in Germany

  • Digity GmbH Raises $1.53M Seed Round 

  • VoiceLine Raises $2.62M Seed Round 

Funding rounds in Singapore

  • Aevice Health Raises $7M Seed Round 

  • Syfe: Investing & Cash Management For All Raises $27M from Valar Ventures 

  • OATSIDE Raises $35M Series B Round 

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