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News on Medial
Diraq Closes USD $15M Series A-2 Funding
Finsmes
·
1y ago
Medial
Sydney-based quantum computing firm Diraq has secured $15m in Series A-2 funding, led by Quantonation. The company plans to use the funds to support research and development efforts for its silicon quantum dot-based processors. Diraq aims to leverage existing silicon manufacturing processes to create faster and more cost-effective quantum processors, with the goal of producing energy-efficient processors containing billions of qubits on a single chip.
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Udaan closes another Rs 300 crore in debt from Lighthouse Canton, Stride Ventures, others
Economic Times
·
9m ago
Medial
B2B online platform Udaan has closed a debt-financing round of approximately Rs 300 crore. The funds were raised from investors Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. Udaan plans to use the capital to expand its reach across India, enhance its operations, streamline supply chain processes, and establish new micro-fulfilment centres. The funding confirms Udaan's sustained growth and will help it strengthen its position as a preferred partner for kirana stores and small businesses. This round follows Udaan's previous Series E funding of USD 340 million in December 2023.
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Digital supply chain platform Metalbook raises $15M in a Series A round
IndianStartupNews
·
1y ago
Medial
Metalbook, a digital supply chain platform for the metal industry, has secured $15 million in a Series A funding round. The round was led by Rigel Capital and included participation from other investors such as FJ Labs and Axilor Ventures. Metalbook offers solutions for metal manufacturing and procurement, including buying and selling, inventory management, logistics, financing, and more. With this funding, the company aims to strengthen its presence in the manufacturing and infrastructure supply chains and expand its global footprint. Metalbook expects to achieve an annual revenue run rate of $200 million by FY24.
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Elon Musk's Neuralink closes a $650M Series E
TechCrunch
·
2m ago
Medial
Neuralink, Elon Musk’s brain-computer interface startup, has raised $650 million in a Series E funding round, attracting investors like ARK Invest and Sequoia Capital. This follows a $280 million Series D in 2023. The company has advanced its brain chip technology with human trials involving individuals with severe paralysis. Additionally, Neuralink received a breakthrough device designation from the FDA, accelerating its development process, and is now reportedly valued at $9 billion pre-money.
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Altavo Closes €5M Series A Funding
Finsmes
·
1y ago
Medial
German AI-based voice rehabilitation company, Altavo, has raised €5 million in Series A funding. The funding round was led by Occident and saw participation from Novalis Biotech, Beteiligungsmanagement Thüringen, TGFS Technologiegründerfonds Sachsen, High-Tech Gründerfonds (HTGF), Saxonia Systems Holding, and TUDAG TU Dresden AG. Altavo plans to utilize the funds to accelerate growth, product development, conduct pivotal clinical trials, and expand internationally. The company is developing Artificial Voice, a medical device that helps individuals who have lost their voice regain a natural-sounding voice using non-invasive radar sensing and neural net architectures.
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Exostellar raises $15M to help companies optimize their cloud spend
TechCrunch
·
1y ago
Medial
Ithaca-based startup Exostellar has raised $15 million in a Series A funding round led by Celesta and Cambium Capital, valuing the company at $40 million. Exostellar's software optimizes cloud computing costs by dynamically allocating and moving workloads between the cheapest cloud infrastructure. It watches factors like spot instance pricing to predict when instances might be shut down and shifts workloads accordingly. The company plans to expand its platform to other cloud providers like Azure and Google Cloud and introduce support for GPU instances.
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RenewBuy closes $40million in Series D round from Dai-ichi Life Holdings Inc
OutlookIndia
·
2y ago
Medial
RenewBuy, a fintech startup, has successfully concluded a Series D funding round, raising $40 million. The investment was led by Dai-ichi Life Holdings Inc. The funding will likely be used to further expand and enhance RenewBuy's insurance platform, which offers digital solutions to customers, contributing to the company's growth and market presence in the insurance sector. This is part of the insurtech's ongoing Series D fundraising, which is expected to close soon
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AI-powered clinical trial design startup QuantHealth raises $15M led by Bertelsmann Investments, Pitango, others
TechCrunch
·
1y ago
Medial
QuantHealth, a Tel Aviv-based startup, secured $15M in a Series A funding round for its AI-powered platform aimed at improving drug development. The platform utilizes extensive integrated datasets to predict clinical trial outcomes with 86% accuracy, helping to optimize trial designs and identify patient responses to treatments. The funding will aid in expanding the platform's capabilities, supporting clinical development, and growing the team. The startup's approach aims to address the declining success rates and inefficiencies in clinical trials.
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Cluely, a startup that helps 'cheat on everything,' raises $15M from a16z | TechCrunch
TechCrunch
·
1m ago
Medial
Cluely, a startup that assists users in "cheating" on job interviews, exams, and sales calls, has raised $15 million in Series A funding led by Andreessen Horowitz, bringing its valuation to approximately $120 million. Co-founded in 2025 by Roy Lee and Neel Shanmugam, Cluely is already profitable. Known for its provocative marketing, Cluely gained attention with controversial videos and attempted to host a large after-party, which was shut down by police.
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Vessi Medical Closes $16.5M Series A Funding Round
Finsmes
·
1y ago
Medial
Misgav, Israel-based urology medical device company Vessi Medical has raised $16.5 million in Series A funding. The company has developed an IP-protected cryospray system for the treatment of non-muscle invasive bladder cancer (NMIBC), providing a minimally invasive alternative to traditional surgical therapy. The funding will support the expansion of the company's capabilities, clinical studies in Israel and the US, and regulatory clearance. CEO Eyal Kochavi expressed excitement about the round and highlighted the confidence shown by global strategic investors.
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AZmed Raises €15M in Funding
Finsmes
·
1y ago
Medial
Paris-based MedTech startup AZmed has secured €15m ($17.5m) in a funding round featuring Maison Worms, Techstars, and Teampact Ventures. AZmed offers AI-powered radiology software that aids trauma and chest X-ray diagnostics for doctors, enabling them to save time and focus on critical exams. The funding will support the company's expansion in medical imaging with AI, enhance its market presence in Europe, and expand operations globally, including in the US, the Middle East, Africa, and Asia. Currently, over 9,000 doctors in 40 countries use AZmed's solutions daily.
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