Resourcify, a waste management and recycling platform, today announced that it raised €14 million ~($14.94 million) in a Series A round led by Vorwerk Ventures with participation from Revent, Ananda Impact Ventures, Speedinvest, BonVenture and WEPA Ventures. It’s a win for Gary Lewis, Resourcify’s CEO, who joined forces with Felix Heinricy in 2018 to launch...
BANGKOK (Reuters) – Thailand’s central bank unexpectedly raised its key interest rate for an eighth straight meeting on Wednesday, despite slowing economic growth, below-target inflation and rising global uncertainties. The Bank of Thailand’s (BOT) monetary policy committee voted to hike the one-day repurchase rate by 25 basis points to 2.50%. The rate has now been...
Sierra Space has raised $290 million in a Series B round to scale its Dream Chaser spaceplane and commercial space station projects, bringing its valuation to $5.3 billion. The company has now raised $1.7 billion to date, a record-setting figure for investment for a commercial space company, Sierra said in a statement. The equity round...
Kolena, a startup building tools to test, benchmark and validate the performance of AI models, today announced that it raised $15 million in a funding round led by Lobby Capital with participation from SignalFire and Bloomberg Beta. The new cash brings Kolena’s total raised to $21 million, and will be put toward growing the company’s...
Employee surveillance is on the rise. According to one poll, searches for staff monitoring software rose by 75% in March 2020 compared with the 2019 monthly average — and demand remained strong in 2021 and 2022. It’s a spike mostly attributable to the shift during the pandemic to hybrid work. A 2022 Microsoft survey found...
Kneron, which is developing AI chips to power self-driving cars, among other autonomous machines, today announced that it raised $49 million in an extension to its Series B round from investors including Foxconn, Alltek, Horizon Ventures, Liteon Technology Corp, Adata and Palpilot. Kneron’s CEO, Albert Liu, says that the new tranche, which brings Kneron’s total...
© Reuters. FILE PHOTO: Customers dine near a giant screen broadcasting news footage of aircraft of the Air Force under the Eastern Theatre Command of China’s People’s Liberation Army (PLA) taking part in a combat readiness patrol and “Joint Sword” exercises around T TAIPEI (Reuters) – The increased frequency of China’s military activities around Taiwan...
Gizmo, a generative AI learning startup that uses gamified quizzes to engage learners, today announced $3.5 million in seed funding from NFX, Ada Ventures, and Capital T. The company will use the funding to scale its platform globally, hire more engineers and roll out new features. Gizmo generates quizzes from user’s class notes, which can...
© Shutterstock In a series of central bank decisions that have dominated markets over the past week, Sweden’s Riksbank has raised its key policy rate from 3.75% to 4.00%, as part of its ongoing efforts to combat high inflation. The bank announced on Thursday that it might need to further increase rates for inflation to...
Artificial intelligence continues to be a major force in the world of healthcare, and in one of the latest developments, a Copenhagen startup called Corti has raised $60 million to expand its contribution to the field: an AI assistant designed to support healthcare clinicians with patient assessments in real time. Prosus Ventures and Atomico are...