Saturday, 26 April 2025
Dataminr, one of the world's leading AI companies, announced the closing of a $100 million convertible financing from funds managed by affiliates of Fortress Investment Group ("Fortress"). Ted Bailey, Founder and CEO of Dataminr, said, "We are excited to welcome Fortress as a new investor, and excited by the experience the firm brings as a lifecycle investor. The era of Gen AI and Agentic AI ho
Huspy (www.huspy.com), the UAE's leading homebuying technology platform headquarteredin Dubai, has launched the GCC's first AI-powered mortgage chatbot on WhatsApp at the Dubai AI Retreat, as part of Dubai AI Week 2025. Huspy's AI-powered chatbot was unveiled by Founder & CEO, Jad Antoun, in the presence of UAE government leaders and business executives.
Tourmo, a leading provider of AI-powered Fleet Operations intelligence solutions, has secured a significant growth funding package from Decathlon Capital Partners. The growth-debt investment will fuel Tourmo's continued platform development, expansion of client service capabilities, and efforts to support new customer onboarding. Details of the revenue-based investments were not disclosed. Base
Scout AI Inc. announced its emergence from stealth mode with a bold mission: to build the AGI brain for defense robotics. The company also unveiled an oversubscribed $15 million seed round led by Align Ventures and Booz Allen Ventures, and revealed it has been selected for multiple Department of Defense (DoD) contracts. Founded in August 2024 by Colby Adcock
Colt Data Centre Services (Colt DCS), a leading global provider of hyperscale and large enterprise data centre solutions, has announced plans to develop four new data centres in Germany. The four facilities will consist of Frankfurt 4 & 5 and Berlin 1 & 2. The two Frankfurt data centres will be built on an 18-acre site and provide a combined 63MW, while the Berlin data centres will be c
Bloomberg announced the launch of AI-Powered Document Insights which uses generative AI to make it easier for research analysts and corporate decision makers to quickly surface insights from a company document by asking questions in everyday conversational language. This innovative research solution is an evolution of Bloomberg's AI-Powered Earnings Call Summaries, complements AI-Powered News Su
Hydrolix announced the closing of an $80 million Series C investment round, led by QED Investors, joined by Blumberg Capital, Frontline Ventures, Pruven Capital and Sozo Ventures, alongside existing investors that include Akamai, AV8 Ventures, Ericsson Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, Uncorrelated Venturesand Wing Venture Capital. Chuckie Reddy, QED partner and he
Acquisition of Dotmatics, a leader in Life Sciences R&D software for $5.1 billion Expands Siemens' market-leading position in industrial software by extending AI-powered Product Lifecycle Management (PLM) portfolio into Life Sciences to seamlessly connect R&D through manufacturing Increases Siemens' industrial software total addressable market by $11 billion; aligns with strategic go
AZmed, one of the leading AI companies in medical imaging,announced that it has received two new U.S. Food and Drug Administration (FDA) clearances for its AI tool AZchest. The clearances include applications intended to assist radiologists in the interpretation and detection of chest X-rays for lung nodules and triage capabilities for pneumothorax and pleural effusion. A standalone study on ch
Chef Robotics announced it has raised $43.1M in new Series A funding that includes $20.6M in equity and $22.5M in equipment financing debt; the latter will be used to cover the financing of Chef's robotic systems for Robotics-as-a-Service (RaaS) so Chef's customers don't have to front CapEx for their robots. The equity round was led by Avataar Ventures and included investments from Construct Ca
Artificial Intelligence (AI) is set to revolutionise industries in 2025, with emerging technologies such as Agentic AI, MLOps platforms, and foundational models driving unprecedented advancements in automation, efficiency, and ethical AI governance. As businesses accelerate their digital transformation, AI is becoming a cornerstone of enterprise applications, reshaping customer experience (CX)
China’s National Development and Reform Commission has announced to set up a state-backed venture capital fund focused on robotics, AI and cutting-edge innovation. The long-term fund is expected to attract nearly 1 trillion yuan (US$138 billion) in capital from local governments and the private sector over 20 years. This initiative aims to continue China's technology-driven success s
Fractal (www.fractal.ai), a global provider of enterprise AI solutions and services to Fortune 500® companies, today announced a $20 million strategic investment in one of its product companies, Asper.ai, a purpose-built AI for growth platform for consumer goods and manufacturing. The funding aims to power Asper's next phase of growth, focusing on scaling its product development an
Dataminr, one of the world's leading AI companies, announced it has secured $85 million in new funding from NightDragon and HSBC through a combination of convertible financing and credit. The new capital will allow Dataminr to accelerate its growth trajectory and continue to pioneer trailblazing Generative AI and Agentic AI capabilities that shape the future of real-time information.
Beroe Inc., a global leader in procurement decision intelligence, has acquired nnamu GmbH, a pioneering negotiation technology business that has created the world's first game theory-based AI agent. nnamu uses advanced game theory principles to recommend and deliver optimal negotiation strategies, generating substantial cost savings and total cost of ownership improvements.
Nimblemind.ai, an AI-powered data infrastructure platform designed to help healthcare providers structure and leverage their clinical data, has secured $2.5 million in funding to accelerate its mission. The round was led by Bread & Butter Ventures, and included participation from Great Oaks Venture Capital, SpringTime Ventures, Stone Mountain Ventures, Victorum Capital, Techstars, and s
Disputed.ai, the most advanced AI-driven chargeback management platform for enterprise merchants, announced today that it has raised $1.12 million in seed funding. This investment will accelerate the company's mission to redefine how large merchants handle chargebacks through intelligence, automation, and innovation. Founded by former merchants and technologists who experienced firsthan
Recently, the Information Office of Wuhan Municipal People's Government held a press conference on several policy measures to promote the development of the artificial intelligence (AI) industry in Wuhan. The city announced the launch of an "AI+" initiative this year, aiming to promote large model applications across more than 20 industries. This ini
CoreWeave announced a deal to deliver AI infrastructure to OpenAI, expanding OpenAI's compute capacity for training and delivering its latest models at scale to its hundreds of millions of users around the world. The contract value for this strategic deal is up to $11.9 billion. As part of this deal, OpenAI will become an investor in CoreWeave through the issuance of $350.0 million o
Shield AI, the deep-tech company building state-of-the-art autonomy software products and defense aircraft, today announced it has completed a $240 million, F-1 strategic funding round, raising the company's valuation to $5.3 billion. The financing was completed with major participation from strategic investors L3Harris (NYSE: LHX) and Hanwha Aerosp
At MWC 2025, Huawei Cloud will unveil its groundbreaking Cloud Device solutions, designed to rejuvenate carrier innovation and drive transformation in the mobile Internet era. As carriers transition from 2G to 5G, they face increasing demands for storage and computing power. Huawei's Cloud Device empower carriers to overcome these challenges by modernizing business models, diversifying serv
VerAI Discoveries (VerAI), a pioneering AI-driven mineral asset company, is pleased to announce a $24 million first closing of its Series B round. The investment was led by Insight Partners, a global software investor specializing in high-growth technology and software investments, with continued support from existing investors Blumberg Capital, Chrysalix Venture Capital, and Orion Industri
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