Parsers VC - Weekly Funding / Startup / VC news of June 11, 2024

Most Popular Venture Capital News

1. Fibe Secures $90 Million in Series E Funding to Drive Expansion and Innovation (Cited in 10 tech media)

Fibe, a Mumbai-based consumer app catering to the mid-income group, has successfully raised $90 million in a Series E funding round led by prominent investors TR Capital, Trifecta Capital, and Amara Partners. This substantial investment is a testament to the company's growth potential and innovative approach to financial services in India.

2. Testsigma Secures $8.2M Funding Led by MassMutual Ventures (Cited in 7 tech media)

Testsigma, a low-code test automation platform powered by AI, recently secured $8.2 million in funding led by MassMutual Ventures, along with existing investors Accel, STRIVE, and BoldCap. Founded in 2019, Testsigma aims to revolutionize the way quality engineering teams automate tests without the need for coding expertise.

3. Storyblok's $80 Million Funding Boosts AI-Enhanced Content Management Revolution (Cited in 7 tech media)

In a groundbreaking move, Storyblok GmbH, a content management startup, has secured a whopping $80 million in Series C funding, spearheaded by Brighton Park Capital. This significant investment marks a pivotal moment for the company as it continues to redefine the landscape of content management systems (CMS). Storyblok's innovative approach, known as "headless" CMS, breaks free from traditional constraints by separating content management from storage and presentation, enabling dynamic and personalized content experiences across a multitude of platforms.

4. Xcimer Energy: A Bright Spark in the Fusion Industry (Cited in 6 tech media)

Xcimer Energy, a Denver-based inertial fusion company, recently secured $100 million in Series A funding. Led by Hedosophia, this funding round also saw participation from notable investors like Breakthrough Energy Ventures, Lowercarbon Capital, Prelude Ventures, Emerson Collective, Gigascale Capital, and Starlight Ventures. The company's ambitious goal is to demonstrate the viability of its high-energy laser approach by building a prototype system. CEO and CSO Conner Galloway expressed excitement about the support from industry-leading investors and partners, highlighting their mission to bring safe, reliable, zero-carbon, and economical energy to the world.

5. Cisco's Billion-Dollar Bet on AI: A Game-Changer in the Tech Industry (Cited in 6 tech media)

In a bold move that is set to shake up the tech industry, Cisco has launched a monumental $1 billion fund dedicated to investing in artificial intelligence startups. This strategic decision places Cisco at the forefront of the AI revolution, joining the ranks of other major technology companies that are actively seeking to capitalize on the potential of AI.

6. Neural Concept Revolutionizes Product Design with $27M Series B Funding (Cited in 6 tech media)

Neural Concept, a pioneer in Engineering Intelligence, secures a significant $27 million in Series B funding to propel its 3D Deep Learning platform to new heights. Manufacturers worldwide are grappling with escalating demands for performance, safety, and sustainability, coupled with the need to cut costs and accelerate innovation. Neural Concept steps in with AI-powered solutions that empower engineering teams to create superior products at a faster pace.

7. Nium's $50 Million Series E Funding Fuels Growth Ambitions in the Global Payments Market (Cited in 6 tech media)

Nium, a prominent player in the realm of real-time cross-border payments, recently secured a substantial $50 million in a Series E funding round. This funding, spearheaded by a sovereign wealth fund in Southeast Asia, has catapulted Nium's valuation to an impressive $1.4 billion post-money. The infusion of capital is poised to serve as a catalyst for Nium's ambitious growth plans, with a keen focus on expanding its footprint in the B2B payments sector.

8. Eko Health Secures $41 Million to Revolutionize Heart and Lung Detection (Cited in 5 tech media)

Eko Health, a trailblazer in the realm of AI-powered early detection of heart and lung diseases, has successfully closed a Series D financing round, raising an impressive $41 million. This significant funding round, spearheaded by ARTIS Ventures, Highland Capital Partners, NTTVC, and Questa Capital, marks a pivotal moment in Eko's journey towards expanding access to its groundbreaking platform not only in the United States but also on a global scale.

Last week's funding rounds

131 funding rounds, +35% from last week.

Total raised $4.088 billion, +25% since last week

Compare with the same week last year

Weekly report last year

Funding rounds +7% from last year

Total raised -21% since last year

Funding rounds in United States

• AcuityMD Raises $45M Series B Round 

• Stacklet Raises $14.5M Series B Round 

• Twelve Labs Raises $50M Series A Round 

• Sword Health Raises $130M 

• Eko Raises $41M 

• HYPR Raises $30M 

• restor3d Raises $70M 

• SiTration Raises $11.8M Seed Round 

• Sixfold Raises $15M Series A Round from Salesforce 

• Understory Raises $15M Series A Round 

• Wevr Raises $3.5M 

• SciTech Raises $3.2M 

• Raydiant Oximetry, Inc. Raises $7.5M Series A Round 

• Vilya Raises $71M Series A Round 

• Avail Medsystems Raises $43M Series A Round 

• Field Materials Raises $3.5M 

• ashbyhq Raises $30M Series C Round 

• Spike API Raises $3.5M Seed Round 

• Workbox Company Raises $17.5M 

• LiveKit Raises $22M Series A Round 

• Vantage Discovery Raises $16M Series A Round 

• Mitiga Raises $8.69M Series A Round 

• Sware Raises $6M 

• SpyCloud Raises $35M 

• Prolific Machines Raises $55M 

• Torpago Raises $10M Series B Round 

• Fizz Raises $14.4M Seed Round 

• Whizz Raises $12M Series A Round 

• Cube Dev Raises $25M 

• Rising Team Raises $8M Series A Round 

• Doowii, Inc Raises $4.1M 

• Kraken Exchange Raises $100M Pre-IPO Round 

• indico Raises $19M 

• Lazzaro Medical Raises $2.4M Grant Round 

• Relay Raises $35M 

Funding rounds in United Kingdom

• Unibloom Raises $832.6K Pre-Seed Round 

• Aeropowder Raises $191.4K 

• WealthOS Raises $5.1M Seed Round 

• iCOMAT Raises $22.5M from 8VC 

• Sofant Technologies Raises $4.35M 

• Kelpi Raises $5.49M 

• DataForm Lab Raises $1.41M 

• Visibly Raises $7.51M from Creandum, Seedcamp 

• Amber Therapeutics Raises $100M Series A Round 

Funding rounds in India

• Shriram Finance Limited Raises $468M 

• Satin Creditcare Network Limited Raises $40M 

• Testsigma Raises $8.2M from MassMutual Ventures 

• Lenskart.com  Raises $200M at $5B Valuation 

• Maruti Suzuki Driving School Raises $53.97M 

• ixigo Raises $21.08M Pre-IPO Round 

• Fibe Raises $90M Series E Round 

Funding rounds in Germany

• Plancraft Raises $13.03M Series A Round 

• Coboworx Raises $12.4M 

• JUPUS (by iurtech) Raises $1.42M 

• Isar Aerospace Raises $20M 

• Seqana Raises $2.29M Seed Round 

• ITM Isotope Technologies Munich SE Raises $204.57M 

Funding rounds in Canada

• Spare Raises $10M 

• Saguaro Raises $3M Seed Round 

• The Logic Raises $2.92M 

• Triple Hair Raises $4M 

Funding rounds in Switzerland

• Neural Concept Raises $27M Series B Round 

• microcaps Raises $10.41M Series A Round 

• Synthara AG Raises $11M 

• Kaspar& Raises $2.8M Seed Round 

More funding rounds in the article…

Success Story

Rows Success Story. 10 OOTB questions to founder Torben Schulz

Rows recently raised $8.7 million in funding. Success story to Torben Schulz in 10 out-of-the-box questions

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Rows recently raised $8.7 million in funding. Success story to Torben Schulz in 10 out-of-the-box questions

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