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Q3 Wrapped
- Spain-based Tuio, an AI-first insurance company that offers products including those for pets and life and home coverages, raised €15m ($17.5m) in a series A funding round led by QED Investors. Participants in the round included BAMCAP and BlackRock, as well as existing investors. The funds raised are expected to be used for Tuio's expansion into other Southern European markets, as well as developing new products with a focus on customer experience and operational efficiency through advanced technologies.
- India- and US-based Qure.ai is looking to expand the use of artificial intelligence to detect diseases, following a $65m Series D funding round led by Lightspeed Venture Partners. The company has used its AI-powered software to detect brain tumours, tuberculosis and Covid-19 among other diseases and has already earned regulatory approval in some countries. The new funding round is expected to help Qure.ai develop its products further.
- Indebted, an Australian company which uses a chat-based service to help people pay off debt, raised AUD65m ($47.7m) in a Series C funding round. The round was led by Airtree, with participation from existing investors including Reinventure Group and Carthona Capital, among others. Indebted plans to use the proceeds to launch in the UAE and Mexico next month, while expanding into South America and Europe at a later stage.
- Cancer diagnostic provider Qritive announced its collaboration with Roche, allowing pathologists to utilise AI technology within its navify® Digital Pathology platform. The technology aims to improve diagnostic accuracy while also speed up diagnosis and treatment times.
- See-Mode Technologies has received clearance for its ultrasound imaging artificial intelligence software from the US FDA. The AI, one of the most comprehensive to have been approved, is used for the detection and diagnosis of thyroid problems within its scans. The software was used to successfully identify the presence of Covid-19 in clinical studies, according to the company.
- Fertility and reproductive health start-up Daye will partner with UK fertility community IVFN, in a joint bid to further fertility research through the use of technology. Daye is known for its plant-based menstrual care products, as well as its innovative use of technology to enhance reproductive health outcomes.
- Market research firm Milieu Insight appointed Sundip Chahal as CEO. Chahal previously was global COO at YouGov, where he grew the team from 15 to 3,000 across 60 countries. He is expected to use his industry expertise to galvanise Milieu's role as a major player in the market research industry.
- Sugar.fit was named Health Tech Start-up of the Year at the 2024 Entrepreneur India Awards. The start-up provides assistance to diabetes sufferers through the use of proprietary tech, wearables and remote coaching.
- Treehouse has launched a new product to its ecosystem. tETH is a fully crypto interest asset that unifies fragmented on-chain interest rates, thereby streamlining yield-based blockchain financial products.
- Zluri, a specialist provider of software-as-a-service management platforms, was identified as a leader in the latest Gartner Magic Quadrant reports. The company is recognised as leading when it comes to executing its SaaS services. This point was raised by one customer, who stated that Zluri offers “one of the most comprehensive solutions in the market.
- Venture capital firm QED Investors has invested in Tuio’s €15m ($17.5m) Series A funding round alongside BlackRock and BAMCAP. Tuio is a Spanish insurtech that leverages artificial intelligence to offer products such as coverages for pets, life and home. The insurtech will use the money to grow its customer base and develop new products.
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