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Funding News
Global Fintech Series
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Image Credit: Global Fintech Series
Zinemx Launches Options Trading to Empower Investors with Diversified Trading Opportunities
- Zinemx Exchange has introduced options trading to provide institutional investors with diversified trading opportunities and flexible risk management.
- The options profit calculator and strategy simulation system aid in developing optimal investment plans and reducing uncertainties due to market volatility.
- Investors at Zinemx Exchange can hedge against market fluctuations using options to minimize potential losses during sharp price movements.
- The platform allows for a leverage effect where investors can control larger market positions with relatively small capital input, enhancing capital efficiency.
- Different options combination strategies can be employed by investors to profit in rising and falling markets.
- Zinemx Exchange has launched intelligent trading tools including an options profit calculator and a strategy simulation system to assist investors in options trading.
- The market data analytics provided by Zinemx Exchange offer real-time options market data to help users stay informed about market trends.
- The options trading functionality is designed for both individual and institutional investors, offering a reliable trading environment with large order matching and risk control systems.
- The launch of options trading showcases Zinemx Exchange's commitment to crypto financial innovation and plans to expand its derivatives market in the future.
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SiliconCanals
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106
Image Credit: SiliconCanals
Axiles Bionics closes first €6M of its €8M Series A round to globalise its biomimetic prosthetic foot
- Axiles Bionics, a Brussels-based deeptech and medtech spin-off, has closed the first €6M tranche of its €8M Series A financing round.
- The funding, led by PE Group and supported by EIC Fund, Finance&Invest.brussels, private investors, entrepreneurs, and the company's management team, will aid in globalizing their biomimetic prosthetic foot Lunaris.
- Lunaris offers mechanical adaptability and embedded systems, currently used in clinical settings worldwide.
- Axiles Bionics is focused on developing bionic devices at the intersection of robotics, artificial intelligence, and biomechanics to enhance mobility through prosthetics.
- Their first product, Lunaris, is FDA and CE certified, mimicking natural walking patterns for lower limb amputees, with plans for future bionic technologies.
- PE Group CEO Stefan Yee praises Axiles Bionics for setting new standards in robotic prosthetics, poised to transform amputees' quality of life globally.
- European Innovation Council (EIC) Fund supports Axiles Bionics, acknowledging their commercial success and clinical advancements.
- Axiles Bionics aims to introduce advanced bionics as a standard, improving mobility and well-being, with a vision to reshape the global prosthetic technology standard.
- Investors like PE Group, EIC Fund, and Finance&Invest.brussels are providing financial and strategic support to Axiles Bionics for their innovative advancements in prosthetics.
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Medium
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384
Image Credit: Medium
Why VCs are dumb and how to use us
- VCs might not know more about a sector or business than founders or their teams.
- Building a strong relationship with VCs is vital for founders to get the most value out of them.
- Select VCs that are right for you and your company to ensure advocacy and support.
- Communicate effectively and be responsive to engender a positive relationship with VCs.
- Use VCs as a sounding board for business decisions and emotional support related to your company.
- Board meetings should focus on open debates rather than mundane updates.
- External investors like VCs can instill discipline and help with corporate governance.
- Make use of VCs' networks and expertise to benefit your company.
- Though VCs may not offer groundbreaking insights, they can still provide valuable support and networking opportunities.
- Founders are encouraged to leverage VCs' superpowers and build strong relationships with them.
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TechBullion
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378
Image Credit: TechBullion
Are classic cars a good investment in 2025? Insights from Sultan Rashid Abdullah Rashid Al Shene
- Investors are turning to tangible assets like real estate, art, and classic cars amidst financial uncertainty and declining trust in digital assets.
- Whether classic cars are a good investment in 2025 depends on strategy, market trends, and passion for vintage vehicles, as per Sultan Rashid Abdullah Rashid Al Shene.
- Sultan Al Shene, an automotive expert, suggests investing in timeless, high-quality cars with proven market demand, rather than following fads.
- Advantages of investing in classic cars include increasing demand, particularly in regions like the Middle East, Africa, and Southeast Asia, with online auction platforms expanding opportunities for financial growth.
- However, risks exist, and thorough research is vital to ensure paying the right value for vintage automobiles.
- Sultan Al Shene believes that old cars can be a good investment in 2025 for patient, detail-oriented collectors who value asset appreciation and personal satisfaction.
- Old cars offer a unique blend of asset appreciation and personal enjoyment for collectors willing to navigate challenges.
- In 2025, the right models of classic cars may be a smart addition to an alternative investment portfolio.
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Fintechnews
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365
Image Credit: Fintechnews
Finom Raises €115 Million in Series C to Expand European SME Services
- Finom, a digital financial services platform for entrepreneurs and SMEs, secures €115 million in Series C funding led by AVP and supported by Headline Growth, General Catalyst, Northzone, and Cogito Capital.
- The company has raised over €300 million in total to aid its expansion across Europe.
- Finom offers various services such as business banking, invoicing, expense management, payment processing, and foreign exchange through a unified platform.
- It currently serves over 125,000 customers with local IBAN accounts in five European countries and aims to reach one million business customers by 2026.
- Since its Series B round in 2024, Finom has doubled its revenue and grown its employee base to over 500.
- CEO Andrey Petrov emphasizes supporting European entrepreneurs with innovative financial solutions.
- Finom has expanded into the lending market, providing credit lines for Dutch businesses.
- The Series C funds will be utilized for product development, market expansion, and potential acquisitions.
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21 Likes
Siliconangle
4w
35
Image Credit: Siliconangle
Chatbot startup Decagon gets $131M to build personalized AI agents for every consumer
- Decagon AI Inc., a startup specializing in AI-powered customer service agents, has raised $131 million in a Series C funding round, bringing its valuation to $1.5 billion.
- The funding was led by Andreessen Horowitz and Accel, with participation from existing investors like A*, Bain Capital Ventures, and others.
- Decagon provides text- and voice-based customer support bots that can automate interactions across chat, email, and phone calls, with customization tools for companies.
- Its chatbots have 'agentic' capabilities, allowing them to act on behalf of customers throughout the support lifecycle, improving performance through customer feedback.
- The company combines third-party language models with its AI algorithms to create intelligent chatbots that are continuously tested for reliability and accuracy.
- Decagon, heavily funded, competes in AI-powered customer support against big players like Salesforce and smaller firms like Sierra Technologies.
- Customers include Hertz, Duolingo, Eventbrite, and Chime Financial, with Chime reducing contact center costs by over 60% and doubling their net promoter score using AI agents.
- Decagon plans to use the funding to expand its teams, enhance sales efforts to more enterprises, and create personalized AI agents for brands to offer 24/7 customer interactions.
- CEO Jesse Zhang envisions a future where every brand provides personalized AI agents for enhanced customer experience.
- Decagon aims for proactive, authentic, intelligent, and satisfying customer interactions.
- The company is founded by tech visionaries John Furrier and Dave Vellante and operates in the digital media and AI space.
- SiliconANGLE Media, the parent company, is a leader in digital media innovation serving tech professionals with influential content and AI technology.
- The company's ecosystem includes theCUBE Network, theCUBE Research, and theCUBE SuperStudios, using AI Video cloud for audience interaction.
- SiliconANGLE Media has a reach of over 15 million tech professionals and focuses on data-driven decisions for technology companies.
- Decagon's funding round and innovative approach to personalized AI agents showcase its significant impact in the AI-powered customer support sector.
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Siliconangle
4w
115
Image Credit: Siliconangle
Superconducting chip startup Snowcap Compute reels in $23M
- Snowcap Compute Inc. has raised $23 million in funding for developing processors from semiconducting materials.
- Former Intel CEO Pat Gelsinger has joined Snowcap's board.
- The startup, based in Palo Alto, plans to use superconducting logic for enhanced processing speed and efficiency.
- Electrons passing through superconducting materials do not generate heat, potentially increasing data center efficiency.
- Snowcap aims to produce chips using niobium titanium nitride for AI accelerators and other applications.
- The company's superconducting technology is claimed to be 25 times more power-efficient than current chips.
- Hydrogen-powered cryogenic equipment will be used to cool the superconducting materials used in Snowcap's chips.
- Snowcap's processors will utilize Josephson junctions, addressing technical challenges and reducing manufacturing costs.
- The company plans to manufacture its first chip by the end of 2026, followed by more advanced systems.
- Snowcap aims to make superconductor-based chips more accessible by utilizing existing fabs and 300-millimeter wafers.
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Siliconangle
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57
Image Credit: Siliconangle
Harvey raises $300M in funding for its legal AI assistant
- Harvey, an AI software developer for legal professionals, raised $300 million in Series E funding led by Kleiner Perkins and Coatue, valuing the company at $5 billion.
- Harvey's AI tools aim to boost productivity for legal teams, with its platform used by over 330 law firms and generating $75 million in revenue annually.
- Its flagship AI tool, Harvey Assistant, helps automate legal document drafting, reviews drafts against internal guidelines, proofreads, translates, and auto-fills contract fields.
- Harvey's redlining feature automates summarizing document changes, leveraging a custom AI model with about 100,000 parameters and neural network architecture.
- The company uses off-the-shelf language models and plans to incorporate AI models from LexisNexis post-funding.
- Proceeds from the investment will double Harvey's workforce and support expansion into new market segments beyond law.
- Harvey's technology involves turning PDF contracts into images and applying filters before inputting into AI models to enhance accuracy and inference speed.
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3 Likes
The Robot Report
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VC reflects on robotics trade show season
- May and June were significant months for robotics in the U.S. with trade shows in Boston, Detroit, Houston, and Atlanta showcasing new technologies.
- Automate, organized by A3, highlighted the positive impact of robots on job creation and productivity.
- Interest in Cambrian Robotics surged with demonstrations of advanced AI-infused technologies at trade shows.
- Startups like Kinisi and Nexus Intelligence showcased innovative AI-driven robotics solutions at Automate.
- Xponential in Houston revealed advancements in defense technology with a focus on autonomous systems and drones.
- The relation between startups and the military has transformed, with significant investment in defense tech companies like Anduril.
- Anduril's success in securing a substantial funding round reflects the potential growth in the defense tech market.
- Palmer Luckey discussed Anduril's development of autonomous fighter jets for the U.S. Air Force.
- The robotics trade show season concluded in Boston with Robotics Tech Week, featuring discussions on industry growth and technological advancements.
- Oliver Mitchell's book launch at MassRobotics signified a reflection on the industry's progress and future prospects.
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18 Likes
Pymnts
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160
Image Credit: Pymnts
Botpress Raises $25 Million to Expand Infrastructure for AI Agents
- Botpress has raised $25 million in a Series B funding round to expand its platform for building and deploying artificial intelligence (AI) agents.
- The company plans to use the new capital to enhance its global customer support and scale its engineering and go-to-market teams.
- Botpress Founder and CEO Sylvain Perron highlighted that AI agents will gradually replace entire categories of software by the next decade.
- The company has been developing the necessary infrastructure for running AI agents safely at scale.
- Botpress' cloud platform has attracted thousands of customers across various industries utilizing AI agents.
- Botpress' platform offers the necessary infrastructure for companies to transition their AI agents from experimentation to deployment.
- With a rising number of AI agents moving into production, the funding aims to further scale their existing operations.
- Framework Venture Partners led the funding round and expressed Botpress as a robust AI platform for production at scale.
- Botpress empowers builders to develop, deploy, and monitor intelligent agents and conversational AI.
- Uber AI Solutions recently launched new solutions available globally, and Thomson Reuters debuted an agentic AI platform called CoCounsel to automate workflows.
- Botpress secures $25 million in Series B funding to enhance infrastructure for AI agents.
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9 Likes
Pymnts
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227
Image Credit: Pymnts
Tensec Raises $12 Million to Promote Real-Time X-Border Payments
- Cross-border payments FinTech Tensec raised $12 million in new funding to provide real-time payments and financial services for companies in the cross-border payments market.
- Tensec aims to offer real-time payments and transaction banking services to small- to medium-sized businesses, empowering global trading companies to deliver financial services directly to their partners.
- The platform uses artificial intelligence, real-time payments, and global FinTech infrastructure to enable trading companies to offer FX services, cross-border payments, treasury, and other financial services to SMB customers.
- SMB cross-border payments have been lagging behind despite making up a significant portion of annual physical goods trade.
- Tensec's innovative services skip legacy banking infrastructure to offer financial services innovations directly to companies engaged in global trade.
- PYMNTS reported on challenges facing SMBs related to cross-border payments, including concerns about digital wallets, security, integration, complexity, and regulatory uncertainty.
- Financial service providers have an opportunity to address the disconnect by offering streamlined onboarding, compliance clarity, and interoperability across global networks.
- The funding will help Tensec bridge the gap in SMB cross-border payments and drive global commerce accessibility.
- Tensec's goal is to make global commerce faster, cheaper, and more accessible by empowering trading companies with innovative financial services.
- The company's focus on real-time payments and transaction banking services aims to enhance the cross-border payments experience for SMBs.
- Legacy banking infrastructure has hindered SMBs in accessing the necessary financial tools for global trade, prompting Tensec to offer a modern solution.
- The PYMNTS Intelligence report highlighted the reluctance of SMBs to use digital wallets for cross-border payments due to industry standards, partner acceptance, security, integration, and regulatory concerns.
- Tensec's use of AI, real-time payments, and FinTech infrastructure is geared towards transforming the SMB cross-border payments landscape.
- The company plans to disrupt the traditional cross-border payment methods by providing innovative financial services directly to companies engaged in global trade.
- The $12 million funding will support Tensec in its mission to modernize and streamline the cross-border payment experience for SMBs.
- The initiative by Tensec reflects the growing demand for efficient and accessible cross-border payment solutions in the global trade market.
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13 Likes
Medium
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400
Image Credit: Medium
Halter Continues Rapid Growth, Raises $100M Series D
- Halter raised $100M Series D round led by BOND, with NewView and existing investors participating.
- The company, employing over 200 people, offers technology for managing beef ranches and dairy farms using Physical AI through smart collars.
- Halter serves customers in New Zealand, Australia, and the US, revolutionizing ranch and farm operations.
- Users report higher profitability and improved herd management, soil health, and land management through Halter's system.
- The cattle industry, generating over $1 trillion annually, has embraced Halter's Physical AI technology.
- Halter's platform evolution and high quality have made it a unique offering in agriculture.
- The system offers ranchers and farmers operational advantages, including ease of use and various features.
- Halter has built a strong position in the market due to its hardware/software technology platform.
- Promus Ventures, a Halter investor, praises the company's perseverance and success despite doubts in the early stages.
- Successful DeepTech investments often face early skepticism, but Halter's team has proven naysayers wrong.
- The Halter Board is composed of supportive investors, acknowledging the company's potential for global scalability and industry impact.
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24 Likes
TechBullion
4w
392
Image Credit: TechBullion
Unlock Efficiency: How BIM Boosts Project Performance & Profit
- Building Information Modeling (BIM) in construction revolutionizes project delivery by offering a data-rich approach and boosting performance and profitability.
- BIM enhances collaboration by providing a shared 3D model for all stakeholders, streamlining communication and reducing errors.
- BIM's detailed 3D models enable better visualization, allowing stakeholders to explore designs virtually and make informed decisions early.
- The integration of BIM in projects leads to more accurate cost estimations, reducing manual errors and material wastage.
- BIM's clash detection capabilities minimize rework by identifying conflicts early in the design phase, saving costs and time.
- Utilizing 4D models, BIM helps simulate construction sequences, optimize timelines, and improve resource allocation for faster project completion.
- BIM extends benefits beyond construction into building operations, providing valuable data for maintenance, energy analysis, and asset value enhancement.
- By reducing errors, minimizing rework, optimizing schedules, and enhancing collaboration, BIM significantly increases profitability and ROI for companies.
- Surveys show that BIM adoption results in increased project profitability, cost reduction, shortened project durations, and significant ROI within a few years.
- BIM is crucial for achieving efficiency, performance, and profitability in the AEC industry, offering a robust framework for successful project delivery.
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23 Likes
TechCrunch
4w
49
Image Credit: TechCrunch
Four months after a $3B valuation, Harvey AI grows to $5B
- Harvey AI, a legal automation startup, raised $300 million in Series E funding, valuing the company at $5 billion.
- The funding round was led by Kleiner Perkins and Coatue, with participation from existing investors like Conviction, Elad Gil, and Sequoia.
- This funding round comes shortly after Harvey raised $300 million in Series D funding at a $3 billion valuation.
- Harvey AI plans to double its staff from 340 employees with the new funds, focusing on expanding AI products for services beyond the legal sector, including tax accounting.
- The company's AI solutions aid lawyers in document review and contract drafting, serving 337 legal clients.
- In April, Harvey reached an annualized run-rate revenue of $75 million, up from $50 million earlier this year.
- Competitors of Harvey AI include older legal startups like Ironclad and Clio, which raised a $300 million round at a $3 billion valuation last year.
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2 Likes
TechCrunch
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133
Image Credit: TechCrunch
TechCrunch Disrupt 2025: The Builders Stage agenda is now live and taking shape
- TechCrunch Disrupt 2025's Builders Stage offers insights from industry leaders like Elad Gil, Dick Costolo, and Ryan Petersen on tactics for startup success.
- Sessions at the event cover topics like raising capital, achieving product-market fit, hiring early employees, leveraging AI, and rethinking traditional startup practices.
- Speakers share strategies, experiences, and advice for navigating the challenges of building and scaling successful startups.
- The Builders Stage agenda includes discussions on seed funding, Series A investments, later-stage fundraising, and attracting top talent.
- Insightful panels dive into key aspects of entrepreneurship, including product development, go-to-market strategies, fundraising, and industry trends.
- Attendees can learn from experts in the field and gain actionable insights to help their startups thrive in a competitive landscape.
- Discover how to build a successful GTM engine, craft compelling pitches for investors, and navigate the evolving tech ecosystem.
- Early-stage founders can benefit from understanding the latest investment trends, growth strategies, and methods for building sustainable businesses.
- With a lineup of renowned speakers and engaging discussions, TechCrunch Disrupt 2025 provides valuable resources for startup entrepreneurs looking to succeed.
- Save on tickets now to access a wealth of knowledge, networking opportunities, and practical advice at this premier event for the startup community.
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