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1 month ago | 
techfundingnews.com | Abhinaya Prabhu |byAbhinaya Prabhu |bySofia Chesnokova |byAkansha Dimri
AI startups continue to dominate venture capital funding, with one in every three VC dollars globally in 2024 flowing into the sector. According to PitchBook, AI and machine learning startups accounted for 35.7% of total VC deal value, reaching $131.5 billion, a 50% increase from the previous year.
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1 month ago | 
techfundingnews.com | Abhinaya Prabhu |byAbhinaya Prabhu |bySofia Chesnokova |byAkansha Dimri
Reflection AI, a Brooklyn-based startup specialising in the development of super-intelligent autonomous systems, has secured a total of $130 million through seed and Series A funding rounds. This underscores investor confidence in its mission to innovate within the AI landscape. The funding journey of Reflection AI commenced with a $25 million seed round led by Sequoia Capital and CRV. This initial investment laid the groundwork for the company’s ambitious projects.
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1 month ago | 
techfundingnews.com | Sofia Chesnokova |bySofia Chesnokova |byAbhinaya Prabhu |byAkansha Dimri
Energy bills have risen significantly, with U.S. electricity prices outpacing inflation and UK households facing higher costs despite recent price reductions. Mixergy, a leading tech company specialising in smart hot water storage and home energy solutions, has developed technology that can reduce hot water bills by up to 60%.
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1 month ago | 
techfundingnews.com | Abhinaya Prabhu |byAbhinaya Prabhu |byAkansha Dimri |bySofia Chesnokova
OpenAI isn’t just building AI models but is shaping the future of AI-driven businesses. Through the OpenAI Startup Fund, the company is strategically investing in startups that push the boundaries of AI, ensuring its technology is applied to high-impact industries like healthcare, law, and software development. Launched in 2021, the OpenAI Startup Fund is managed by a dedicated team with expertise in investing, ML, engineering, talent and operations.
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1 month ago | 
techfundingnews.com | Abhinaya Prabhu |byAbhinaya Prabhu |byAkansha Dimri |bySofia Chesnokova
The AI-powered identity verification industry just got a major shakeup! Germany’s IDnow has been acquired in an all-cash private equity deal worth $295 million by New York-headquartered Corsair Capital, marking one of Europe’s biggest exits in recent years. This follows the €60 million debt financing the company received from funds and accounts managed by BlackRock. This is not the first collaboration between the two entities.
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1 month ago | 
techfundingnews.com | Sofia Chesnokova |bySofia Chesnokova |byAkansha Dimri |byAbhinaya Prabhu
Klarna, the Swedish fintech poster boy and leading buy-now-pay-later (BNPL) service, is reportedly preparing for its IPO with a $15 billion target valuation on the New York Stock Exchange. Industry experts indicate the company plans to raise at least $1 billion through an initial public offering, with a public filing expected as early as next week. Earlier in November 2024, the company announced its filing for IPO in the US.
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1 month ago | 
techfundingnews.com | Akansha Dimri |byAkansha Dimri |byAbhinaya Prabhu |bySofia Chesnokova
As we approach International Women’s Day in 2025, the female entrepreneurship and funding landscape has evolved significantly, presenting opportunities and challenges in the UK and Europe. Just this week, the Female Innovation Index 2025 report revealed that 1,196 European female-founded startups raised €5.76 billion through 1,305 deals in 2024. The rise of women-led startups has become a defining trend, with an increasing number of funding programs specifically targeting female founders.
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1 month ago | 
techfundingnews.com | Abhinaya Prabhu |byAkansha Dimri |byAbhinaya Prabhu |bySofia Chesnokova
What if your car could predict an accident before it even happens? That’s exactly what London-based AI tech startup InsureVision is working on – and they just raised $2.7 million in a seed funding round to make it a reality. Big names in insurance are taking notice. State Farm Ventures (yes, the same State Farm that insures millions of drivers) joined Rethink Ventures and Twin Path Ventures to fund this round.
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1 month ago | 
techfundingnews.com | Akansha Dimri |byAkansha Dimri |bySofia Chesnokova |byAbhinaya Prabhu
U.S. defence technology companies are securing large investments as demand for advanced military technology grows. Shield AI, a defence tech company developing artificial intelligence (AI) pilots for aircraft, has raised $240 million in a new funding round. This latest investment brings the company’s valuation to $5.3 billion, making it the second-highest valued defence tech startup after Anduril Industries.
