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News on Medial
Mubadala-backed Andalusia labs secures $48 million Series A funding
Startup News FYI
·
1y ago
Medial
Andalusia Labs, a blockchain risk management infrastructure company, has raised $48 million in a Series A funding round led by Lightspeed Venture Partners and Mubadala Capital. The company also announced its global headquarters will be located in Abu Dhabi. The funds will be utilized to accelerate product development, enhance institutional partnerships, and expand globally. Andalusia Labs offers a range of technology solutions for blockchain security including Karak, Subsea, and Watchtower. These solutions aim to provide risk management and security for the digital asset industry.
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Mubadala-backed unicorn Tabby secures $700m debt financing from JP Morgan
Startup News FYI
·
1y ago
Medial
Tabby, the Mubadala-backed buy now, pay later platform, has raised $700 million in debt financing from JP Morgan through receivables securitization, strengthening its position in the growing BNPL market of the Middle East. The Riyadh-based startup also secured an additional $250 million in its extended Series D funding round from Hassana Investment Company, Soros Capital Management, and Saudi Venture Capital. These funds will support Tabby's expansion plans and its future unicorn IPO in Saudi Arabia. The global BNPL market is expected to reach $565.8 billion by 2026.
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HexaHealth, SatLeo Labs, Stimuler, others secure early-stage funding
VCCircle
·
3m ago
Medial
Several startups have secured early-stage funding from various investors. HexaHealth raised $12 million to expand its surgery care platform. SatLeo Labs received $3.3 million to develop thermal and optical imaging payloads for satellites. Stimuler secured $3.75 million to enhance its AI-powered voice tutoring platform. QNu Labs obtained Rs 60 crore for quantum cybersecurity solutions. Vividobots was funded Rs 1.47 crore for robotic automation development, and Anveshan raised Rs 48 crore for its food products business.
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Mubadala-backed proptech firm Stake to raise Series B round to fuel expansion
VCCircle
·
2m ago
Medial
Dubai-based proptech firm Stake plans a larger Series B funding round to expand its regional operations, especially in Saudi Arabia, where it recently entered. Backed by Mubadala, Stake facilitates fractional investment in rental properties. The funds will support the company's growth ambitions in the region, building on its current presence and enhancing its market reach. This strategic move underscores Stake's commitment to broadening its footprint and offering innovative property investment solutions.
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Avanse Financial looks to raise $250 million in private round after shelving IPO
Livemint
·
20d ago
Medial
Avanse Financial Services, an NBFC backed by Kedaara Capital and Warburg Pincus, is planning to raise $200-250 million through a private funding round after shelving its IPO plans due to market volatility. Known for dominating the overseas education loan sector in India with HDFC Credila Financial Services, Avanse's funding round will be primarily secondary, facilitated by recent capital infusions from existing investors such as Kedaara Capital, Mubadala Investment Company, and Avendus PE Investment Advisors.
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AI startup AI21 Labs valued at $1.4 billion after latest fund raise
Economic Times
·
1y ago
Medial
Israel-based AI startup AI21 Labs has secured $155 million in a Series C funding round with participation from Google and Nvidia. The funding brings AI21's total capital raised to $283 million, valuing the company at $1.4 billion. The AI21 team's innovative work aims to enhance enterprise productivity and efficiency using generative AI-based systems. The startup has gained traction among various industries, from consumers to Fortune 100 companies, and is part of the booming AI investment trend following the success of Microsoft-backed OpenAI's ChatGPT.
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Hedra Secures $32M Series A Led by Andreessen Horowitz for AI Video Generation with Character-3 Model
Business Bytes
·
2m ago
Medial
Hedra Labs has secured $32 million in a Series A funding round led by Andreessen Horowitz. The company is focused on leveraging AI for video generation and character creation. This investment marks a significant milestone in Hedra's journey, enhancing its ability to innovate in the AI-driven content creation space. The enthusiasm from the investor community reflects the potential seen in Hedra's technology, aligning with the broader trends in AI advancements within the creative industry.
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Garuda Aerospace secures Series B funding from Venture Catalysts
VCCircle
·
3m ago
Medial
Garuda Aerospace has secured Rs 100 crore in Series B funding from Venture Catalysts, valuing the company at $270 million. Founded in 2015 by Agnishwar Jayaprakash and Rithika Agnishwar, the drone manufacturer aims to scale production and expedite its Chennai-based R&D facility. The company, backed by MS Dhoni, plans to leverage the funds to enhance manufacturing and innovation. Garuda operates India's largest drone fleet, serving clients like TATA Elxsi and Godrej Agrovate.
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Jeff Bezos-Backed Altos Labs Acquires Dorian Therapeutics, NewLimit Raises $130M for Anti-Aging Therapies | DeepNewz VC
Business Bytes
·
2m ago
Medial
Jeff Bezos-backed Altos Labs has acquired Dorian Therapeutics, a small Peninsula company focused on anti-aging technologies. Altos Labs, which has raised $3 billion in funding, aims to explore solutions for longevity and combat aging processes. In another development, NewLimit, another company within the biotech sphere, successfully secured $130 million to support its initiatives. Both acquisitions and funding illustrate the burgeoning interest and investment in anti-aging research and therapies.
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Sugar.fit secures additional $5M in Series A
Inshorts
·
1y ago
Medial
Healthtech startup Sugar.fit has secured an additional $5 million in Series A funding led by B Capital, bringing the total funding raised in the round to $16 million. Existing investors MassMutual Ventures, Tanglin Venture Partners, Endiya Partners, and Cure.Fit also participated in the round.
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Shell-backed Orb Energy starts Series D fundraising, aims $48 mn
VCCircle
·
10m ago
Medial
Shell-backed renewable energy company, Orb Energy, has launched its Series D fundraising round with a target of $48 million. The Bengaluru-based firm offers integrated solar energy solutions and provides a range of services from manufacturing and designing to installation, servicing, and financing of solar panels. With backing from oil giant Shell, Orb Energy is well-positioned to expand its operations and contribute to the growth of renewable energy adoption.
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