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Nevertheless, the week saw a $1 billion round go to yet another AI startup, and biotech and blockchain also saw some big deals. Scale AI , $1B, artificialintelligence: This week was like many — one topped with a big AI round. Farcaster , $150M, blockchain: Is Web3 funding back?
After a couple of blistering weeks, large funding rounds slowed down to a crawl, with only two rounds hitting nine figures. Not surprisingly, those two rounds came from the cybersecurity and biotech industries. Eikon Therapeutics , $351M, biotech: Eikon Therapeutics raised one of the biggest biotech rounds thus far in this young year.
Halda Therapeutics , $126M, biotech: The big biotech round of the week came from New Haven, Connecticut-based Halda Therapeutics, a biotech startup developing therapies for prostate cancer and breast cancer, which raised a $126 million Series B extension from investors including Deep Track Capital and RA Capital Management.
Deep tech, medtech/biotech, climate tech, and crypto and blockchain are all areas that investors say they’re either actively investing in or watching for signs of scale. Blockchain NZ Chair Bryan Ventura. Now, certain industries are emerging as potential areas where New Zealand can win in the tech space.
The city’s tech ecosystem appears to have a robust space for machinelearning, artificialintelligence, biomedicine, fintech, travel tech, oil, renewables, e-commerce, gaming, health tech, deep tech, space tech and insurtech. Weak in blockchain and consumer. Strong in machinelearning/AI/digital.
Terray Therapeutics , $120M, biotech: Los Angeles-based Terray Therapeutics, a biotech startup developing small molecule drug therapeutics, raised a $120 million Series B led by new investor Bedford Ridge Capital and existing investor NVentures. Founded in 2021, the company has raised nearly $318 million, per Crunchbase.
April also saw a half-dozen rounds of a quarter-billion dollars or more, including a $1 billion round for an AI-enhanced biotech. Xaira Therapeutics , $1B, biotech: The biggest round in April was really big. Augment , $227M, artificialintelligence: AI coding startups are making a big splash. Let’s take a look.
Zephyr AI , $111M, biotech: Mclean, Virginia-based healthcare startup Zephyr AI closed a $111 million Series A from investors that included Revolution Growth and Eli Lilly & Company. Like many biotech startups raising big money currently, Zephyr is bringing AI to the sector. million Series A funding round led by Kleiner Perkins.
Mirador Therapeutics , $400M, biotech: More big biotech raises this week. With breakthroughs in genetics and machinelearning, the company is focused on precision medicine for chronic inflammation and fibrotic disease. Clasp Therapeutics , $150M, biotech: Clasp Therapeutics is the next biotech to raise huge.
xAI , $6B, artificialintelligence: Elon Musk ’s generative AI startup, xAI, officially announced its long-awaited fundraise — making it the second-most-valuable generative AI company in the world behind only competitor OpenAI. This allows customers to scale operations more quickly on the cloud and without the expense of equipment.
Of the new unicorns, three are artificialintelligence companies. The new unicorn companies minted in December 2023 were: AI One-year-old Mistral AI , a Paris-based foundation largelanguagemodel company, raised a Series A funding of $415 million at a $2 billion valuation.
Web3 Berachain , an Ethereum-compatible blockchain for financial applications, raised $69 million by selling digital tokens led by BH Digital and Framework Ventures. The bear-themed blockchain company based in the Cayman Islands was valued at $1.5 Let’s look at March’s new unicorn startups by sector. billion in the deal.
Recogni , $102M, artificialintelligence: Although most startup chipmakers have not seen much love from investors so far this year , Recogni seems to have bucked that trend. Eigen Labs , $100M, blockchain: Seattle-based Eigen Labs, the creator of EigenLayer for staking Ethereum, raised a $100 million round from a16z crypto.
The city appears to be strong in areas such as travel, AI, cybersecurity, fintech, agritech, travel tech, biotech, sports tech, and VR. The blockchain/crytpo scene could do with some improvement, according to a few respondents. Blockchain could be improved. Helena Ortiz Gil, CMO, Techer Team. What are you most excited by?
Intelligent software analysis for pest and disease prediction, soil management and other involved analytical tasks. Blockchain for cross-border trading. The machinery used on farms will be operated using smart technology and the artificialintelligence of robots. Weather forecasts. Automated irrigation.
The startup’s blockchain network allows IP owners to store their IP on the platform, embedding terms to use it — such as licensing fees — into smart contracts. Basically, the blockchain aims to ensure owners are compensated when their IP is used. The new round reportedly values the company at $2.25 Series F Illustration: Dom Guzman
Web3 Blockchain platform Berachain , a 2-year-old company based in the Cayman Islands, raised a $100 million Series B. The company is a layer 1 blockchain that can process Ethereum transactions faster. The 4-year-old company based in Los Angeles was valued at $1.2
Some people are more excited by emerging areas like artificialintelligence, which has been a focus of the country’s military for years, and like cybersecurity is now producing many fresh teams of founders. A great amount of talent is cultivated in the military, which has spawned innovative cyber, AI and machine-learning companies.
The events cover domains such as big data, cybersecurity, blockchain, and cryptocurrency. The scope includes companies working with machinelearning, fintech, biotech, cybersecurity, smart cities, voice recognition, and healthtech. TechAlpharetta. Tech Alpharetta’s Innovation Centre. Southern Data Science Conference 2020.
Pharma/Biotech: $3,295. The conference, which is hosted by the Cambridge Healthtech Institute, is a four-day program that provides education on the topics of biosensors, mobile devices and wearables, Internet of Things (IoT), mobile health platforms, artificialintelligence, and much more. Cost to Attend: . Standard: $3,595.
Jara, Chief Scientific Officer de Libelium; Alejandro Expsito, CIO y COO de la biotech Servatrix Biomed; y Zigor Gaubeca, CIO de Grupo Aire. Anticipamos un aumento en el nivel de inversin en el sector TI para 2025, explica Alejandro Expsito, CIO y COO de la biotech Servatrix Biomed. Se gastar ms en tecnologa?
Its preferred sectors are ‘techbio’ (by which he means tech-focused biotech businesses), software (especially software as a service, or SAAS), energy and fintech. It likes to invest in platforms, and picks and shovels, which means businesses which can become part of the essential infrastructure for many larger companies.
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