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Monumental Raises $25M in Funding

Finsmes · 1y ago

Monumental Raises $25M in Funding

Monumental, a robotics startup based in Amsterdam, has secured $25 million in funding. The round was led by Plural and Hummingbird, with participation from Northzone, Foundamental, NP-Hard Ventures, and angel investors. The company plans to use the funds to expand its team of hardware and software engineers, increase the number of robots deployed across Europe, and enhance the capabilities of its robots in managing construction tasks. Founded in 2021, Monumental specializes in building construction robots that can autonomously work alongside human workers.

Related News

BluSmart raises Rs. 200 Crores ($25M)

TechCrunch · 1y ago

BluSmart raises Rs. 200 Crores ($25M)

BluSmart, an Indian electric ride-hailing startup, has secured $25 million in fresh funding from impact fund ResponsAbility to expand its electric vehicle (EV) charging infrastructure. The Gurugram-based company plans to increase its charging stations from 35 to around 95–100 in the coming months. BluSmart, founded in 2019, operates an all-electric fleet of 6,000 EVs, including MG Motor's ZS SUVs and Tata Tigor sedans. The additional funding will support BluSmart's goal of having 10,000 EVs by mid-2024 and further contribute to India's aim of electrifying 30% of four-wheelers by 2030.

Niron Magnetics Raises $25M in Funding

Finsmes · 1y ago

Niron Magnetics Raises $25M in Funding

Minneapolis-based Niron Magnetics has secured $25m in funding to expand its production facilities and scale manufacturing capacity for its rare earth-free permanent magnets. The funding round was led by Samsung Ventures, with participation from Allison Ventures, Magna, Shakopee Mdewakanton Sioux Community, and the University of Minnesota. The company's Clean Earth Magnet technology, based on Iron Nitride, allows for the production of high magnetization magnets without the use of rare earths or other critical materials, offering new possibilities in the design of electric motors and generators.

Kinetic Green raises $25M from Greater Pacific Capital

YourStory

YourStory · 1y ago

Kinetic Green raises $25M from Greater Pacific Capital

Indian electric vehicle manufacturer Kinetic Green has secured $25m in funding from private equity firm Greater Pacific Capital. The funds were raised as part of a targeted Series A funding round, with the aim of raising up to $40m. Kinetic Green plans to use the capital to expand production at its manufacturing facility in Supa, Maharashtra, and invest in research and development of new products. The move comes as the Indian electric vehicle market is experiencing rapid growth, and government policies aim for 30% EV penetration by 2030.

Trucking aggregator LetsTransport raises $25M led by Bertelsmann India Investments (BII)

IndianStartupNews

IndianStartupNews · 2y ago

Trucking aggregator LetsTransport raises $25M led by Bertelsmann India Investments (BII)

LetsTransport, an enterprise-level trucking aggregator, has raised $25 million in a new funding round led by Bertelsmann India Investments (BII), with participation from other undisclosed investors.

Zeno Health specializing in generic medicines raises $25M in a Series C round

IndianStartupNews

IndianStartupNews · 1y ago

Zeno Health specializing in generic medicines raises $25M in a Series C round

Mumbai-based startup Zeno Health has raised $25 million in a Series C funding round led by STIC Investments, with participation from existing investor Lightbox Ventures. The funding will be used to expand Zeno Health's consumer base and enhance its technological infrastructure. The startup operates omnichannel stores and micro-franchises across Maharashtra, providing prescription medicines and non-prescription goods. Zeno Health aims to serve one crore consumers monthly and reduce their healthcare expenditure by 50%. The company has served 25 lakh consumers to date.

Gen AI startup Ema raises $25M led by Accel, Prosus, others

IndianStartupNews

IndianStartupNews · 1y ago

Gen AI startup Ema raises $25M led by Accel, Prosus, others

Ema, a startup founded by ex-Google employees, is revolutionizing workplace productivity with its Universal AI Employee. Launched in 2023, Ema aims to streamline complex tasks by creating generative AI personas and applications. The company recently raised $25 million in funding led by Accel, Section 32, and Prosus Ventures, with participation from industry leaders such as Sheryl Sandberg. Ema's AI solution, powered by integration with various software applications and language models, has already been adopted in multiple industries for tasks including customer support and compliance. The founders bring a wealth of experience from companies like Coinbase and Okta to Ema's mission.

Cyber Guru Raises $25M (€23M) in Series B to Expand AI-Driven Cybersecurity Training Platform

deepnewz

deepnewz · 10m ago

Cyber Guru Raises $25M (€23M) in Series B to Expand AI-Driven Cybersecurity Training Platform

Italian startup Cyber Guru has raised $25 million in a Series B funding round led by U.S. Venture Partners. The funding will be used to further develop their AI-driven cybersecurity awareness training platform, which focuses on helping organizations improve their resilience against cyber threats. This investment highlights the increasing interest in cybersecurity solutions as businesses prioritize digital security.

Remofirst raises $25M to take on Deel and Rippling in the global HR tech space

TechCrunch · 1y ago

Remofirst raises $25M to take on Deel and Rippling in the global HR tech space

Remofirst, an HR tech startup, has raised $25 million in its Series A funding round to challenge industry giants Deel and Rippling. The company acts as an Employer of Record, hiring employees and contractors on behalf of businesses in over 180 countries without the need for local entities. This saves time and money for companies while ensuring compliance. Remofirst differentiates itself by offering more affordable fees, starting at $199 per month for employees compared to competitors' fees starting at $599 per month. The funding will be used to expand its international presence and serve a broader range of companies.

Rocket Lab backer Outset raises $25M to fund New Zealand's deep tech moonshots | TechCrunch

TechCrunch · 3m ago

Rocket Lab backer Outset raises $25M to fund New Zealand's deep tech moonshots | TechCrunch

Outset Ventures, an Auckland-based venture firm, secured $25 million USD in funding to support New Zealand’s deep tech sector, with a total fund of $41.5 million NZD. The firm focuses on hard science and engineering startups, especially in energy generation and storage, due to New Zealand's unique strengths. Successful ventures include nuclear fusion startup OpenStar and offshore wind firm EnergyBank. This positions New Zealand as a leader in deep tech innovation, leveraging local and international investments.

Ikigai lands $25M investment to bring generative AI to tabular data

TechCrunch · 2y ago

Ikigai lands $25M investment to bring generative AI to tabular data

Ikigai Labs, a startup founded by Devavrat Shah and Vinayak Ramesh, has raised $25 million in a Series A funding round led by Premji Invest, with participation from Foundation Capital and E& Capital VC. Ikigai aims to empower enterprises with AI through its no-code platform that utilizes graphical models for prediction, sparse data reconciliation, and optimization. These graphical models are particularly suited for tabular data commonly found in enterprise settings. The funding will be used to expand the team from 30 to 70 employees and further develop the platform.

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