Parsers VC - Weekly Funding / Startup / VC news of July 30, 2024

Venture Capital News. Funding rounds, statistics Week of July 23 - July 29: United States (40 - $3.69B), India (2 - $22M), United Kingdom (3 - $63M), Germany (3 - $33M)

July 30, 2024

In the fast-paced world of technology, the synergy between artificial intelligence (AI) and strategic partnerships is reshaping industries. Companies are not just adopting AI; they are integrating it into their core operations, enhancing productivity and customer experiences. This article explores recent developments in the tech landscape, highlighting how organizations are leveraging AI and partnerships to drive growth and innovation.

2. The Digital Tightrope: Navigating the New Age of Tech Vulnerabilities and Opportunities (Cited in 15 tech media)

In the digital age, we walk a tightrope. One misstep can send us tumbling into chaos. The recent global IT outage, triggered by a single software update from CrowdStrike, serves as a glaring reminder of our precarious balance. On July 19, 2024, this incident unraveled a web of interdependencies, affecting airlines, banks, and retailers worldwide. It was a wake-up call, echoing through the corridors of corporate offices and government buildings alike.

The crypto world is a volatile sea, and recent waves are sending ripples through the market. The long-awaited distribution of nearly $9 billion in assets from the infamous Mt. Gox exchange is set to begin. This event is like a storm brewing on the horizon, stirring anxiety among investors and traders alike.
Mt. Gox was once the titan of cryptocurrency exchanges, handling over 70% of all Bitcoin transactions in its heyday. But in 2014, it fell victim to a massive hack, leading to its collapse and leaving thousands of creditors in limbo. Now, a decade later, the tide is turning. Bitstamp, a well-known crypto exchange, is stepping in to facilitate the distribution of these long-lost assets. The first wave of payouts will start on Thursday, but not all creditors will see their funds immediately. U.K. customers are left waiting, a reminder that in the world of finance, timing is everything.

In the world of technology, the promise of holograms and 3D telepresence is like a mirage in the desert. It glimmers enticingly, but when you reach for it, you find only sand. Despite the hype, these technologies are far from becoming mainstream. They are caught in a web of complexity, cost, and practicality that keeps them at arm's length from everyday use.
Telepresence is a broad term. It encompasses any technology that allows a person to feel present in a location where they are not physically. This can range from simple video calls to advanced immersive experiences. But the goal remains the same: to create a sense of connection across distances.

The tech world is buzzing. Meta, the company once known as Facebook, is on the brink of a significant breakthrough. Speculation is swirling around a pair of augmented reality (AR) glasses that could redefine how we interact with the digital realm. The catalyst? A seemingly innocuous post from Mark Zuckerberg.
In a world where technology evolves at lightning speed, AR glasses could be the next frontier. Imagine a pair of glasses that overlay digital information onto the real world. It’s like wearing a window to the future. Zuckerberg’s post, dating back to April, featured a peculiar pair of chunky spectacles. They caught the eye of an internet sleuth, igniting a firestorm of speculation.

TikoMed, a Swedish biopharmaceutical company, has made significant strides with its investigational drug, ILB®. This low molecular weight dextran sulfate compound has recently completed a Phase II safety trial involving 11 ALS patients at the Queen Elizabeth Hospital in Birmingham, UK. The results are promising. Patients receiving weekly ILB® injections showed minimal side effects and an acceptable safety profile over a 48-week period. While the ALS Functional Rating Scale (ALSFRS-R) and the ALS Assessment Questionnaire (ALSAQ-40) scores indicated only slight changes, they suggest a potential slowing of disease progression.

The world of cryptocurrency is evolving. It’s no longer just a digital gold rush. It’s becoming a part of everyday life. Two recent developments highlight this shift: Fold’s SPAC merger and Ferrari’s embrace of crypto payments in Europe. Both signal a new era where digital assets are not just for trading but for spending and investing in luxury.
Fold, a New York-based company, is making waves with its cashback debit card. Instead of traditional rewards, users earn bitcoin. It’s a simple concept but revolutionary. Imagine getting a slice of the digital currency pie every time you swipe your card. Fold has processed over $2 billion in transactions and handed out more than $45 million in rewards. That’s a significant impact in a short time.

South Africa stands at a crossroads, where the currents of progress and challenges collide. From the bright lights of Koeberg Nuclear Power Station celebrating its 40th birthday to the dark shadows of corruption, the nation’s narrative is rich and complex.
Koeberg Nuclear Power Station, a beacon of energy, has reached a significant milestone. It’s 40 years old, a testament to resilience and innovation. This facility, once on the outskirts of Cape Town, now finds itself enveloped by urban sprawl. Yet, it continues to generate clean, affordable electricity. Eskom, the power utility, heralds this achievement as a triumph for sustainable energy. Surrounding Koeberg is a 3000-hectare nature reserve, a sanctuary for wildlife amidst the concrete jungle. This juxtaposition of nature and technology symbolizes South Africa's potential for harmony between development and environmental stewardship.

Last week's funding rounds

90 funding rounds, -30% from last week.

Number of funding rounds in the last quarter - July 29, 2024 by Parsers VC

Total raised $5.473 billion, -28% since last week

Total raised $, bln - July 29, 2024 by Parsers VC

Compare with the same week last year

Funding rounds -13% from last year

Number of funding rounds compared to last year - July 29, 2024 by Parsers VC

Total raised +130% since last year

Total raised compared to last year $, bln - July 29, 2024 by Parsers VC

Funding rounds in United States

  • Legacy Raises $7.5M 

  • Monarch Tractor Raises $133M Series C Round 

  • QA Wolf Raises $36M Series B Round 

  • Vanta Raises $150M Series C Round 

  • Language I/O Raises $5M from Gutbrain Ventures 

  • Lexicata Raises $900M 

  • Cypris Raises $5.3M 

  • Headway Raises $100M Series D Round at $2.3B Valuation 

  • NCPDPFoundation.org Raises $110K Grant Round 

  • IntelePeer Raises $140M 

  • Chainguard Raises $140M 

  • Snorkel AI Raises $22M 

  • Sony Music Entertainment Raises $700M 

  • CoachCare Raises $48M 

  • Education Cannot Wait (ECW) Raises $8M Grant Round 

  • Clarapath, Inc. Raises $36M Series B Round 

  • Thesis Raises $7.5M 

  • National Housing Trust Raises $20M Grant Round 

  • Applied Intuition Raises $300M from Fidelity Management and Research Company 

  • Aven Raises $142M Series D Round 

  • Leuko Raises $4.5M Grant Round 

  • TigerBeetle Raises $24M 

  • Pearl Raises $58M 

  • Recurrent Energy Raises $54.45M from European Investment Bank 

  • Plum Healthcare Group Raises $20.69M Series B Round 

  • Splight Raises $12M 

  • Paces Raises $11M 

  • Speaksee Raises $1.09M 

  • InnerPlant Raises $30M Series B Round 

  • Imperative Care Raises $150M Series E Round 

  • Resquared Raises $5M 

  • TMRW Life Sciences, Inc. Raises $28M Series D Round 

  • Vitable Health Raises $16M 

  • Lumos Raises $230M 

  • LevelAI Raises $39.4M 

  • Momentum Raises $13M 

  • Juno Child Insurance Raises $8.5M 

  • Dazz Raises $59M 

  • Arrcus, Inc. Raises $30M 

  • Geoh Raises $3M Seed Round 

Funding rounds in United Kingdom

  • Plum Raises $20.69M Series B Round 

  • FuturePlus Raises $3.49M Seed Round 

  • Addionics Raises $39M Series B Round 

Funding rounds in India

  • Stable Money Raises $15M Series A Round 

  • Ather Energy Raises $7.17M from InnoVen Capital 

Funding rounds in Germany

  • deepc Raises $13.07M Series A Round 

  • akirolabs Raises $5M Seed Round 

  • bunch Raises $15.46M Series A Round 

Follow new funding rounds every day on Twitter and Telegram

We prepare personalized newsletters depending on the Locations and Categories of Venture news that interest you.

Select Locations and News Categories for funding rounds, startups and venture capital funds and we will send you the news that interests you most.

Which Locations' news are you more interested in?

Login or Subscribe to participate in polls.

Which Category news are you more interested in?

Login or Subscribe to participate in polls.

Reply

or to participate.