VC Deals
It’s anticipated that the autonomous vehicles market will reach $667.77 billion by 2026, and according to marketing firm ABI, as many as 8 million driverless cars will be added to the road in 2025. Startups like ZongMu Technology are taking full advantage of the influx of venture capital, unsurprisingly. The Shanghai-based company today revealed that it has secured a $14.5 million follow-on series C investment led by Qualcomm Ventures, with participation from Lenovo Group’s Legend Capital and Chuangtu Investments. More
It’s anticipated that the autonomous vehicles market will reach $667.77 billion by 2026, and according to marketing firm ABI, as many as 8 million driverless cars will be added to the road in 2025. Startups like ZongMu Technology are taking full advantage of the influx of venture capital, unsurprisingly. The Shanghai-based company today revealed that it has secured a $14.5 million follow-on series C investment led by Qualcomm Ventures, with participation from Lenovo Group’s Legend Capital and Chuangtu Investments. More
There’s a reason why mothers are instructed to breastfeed their babies soon after they’re born. The milk they produce in the days after giving birth is rich in nutrients, immune cells, and antibodies. While this “first milk,” also known as colostrum, is crucial in getting newborns off to a healthy start, PanTheryx CEO Mark Braman says the fluid’s components can also help resolve gastrointestinal disorders rooted in the gut microbiome. Now, the company has $50 million in new capital to ramp up its research. More
SINGAPORE Life - a fintech with an insurance and wealth focus - has secured a US$90 million investment from Sumitomo Life Insurance, with the major life insurer in Japan buying about 25 per cent in Singapore Life. The latest fund injection brings Singapore Life's valuation to US$358 million. More
India’s Ola is further widening its lead over Uber in the nation — and getting the help it needs from their mutual investor. Ola Electric has raised $250 million from SoftBank as India’s largest ride-hailing firm pushes to scale its electric vehicles business in the country. More
Sweet Escape, a startup founded in Indonesia that helps connect photographers with customers, is all smiles today after it announced a $6 million Series A round. More
Versant Ventures’ Century Therapeutics has exited stealth with $250 million to take allogeneic cell therapies into the clinic. Bayer’s VC wing led the investment with the support of Versant and Fujifilm Cellular Dynamics (FCDI). Century, like other allogeneic cell therapy players, is trying to improve on autologous products that require the administration of a patient’s own cells back to them by creating off-the-shelf alternatives. More
Venture Global LNG, Inc., an Arlington, Va.-based provider of American-produced liquefied natural gas, raised $675m in additional capital from institutional investors. The capital will be used for the further development of the company’s 20 million tonnes per annum (MTPA) Plaquemines LNG export project in Plaquemines Parish, Louisiana. More
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New Funds
Insight Venture Partners (Insight), a leading global private equity and venture capital firm, announced today the close of its Fund X at $6.3 billion, the firm's largest to date. The oversubscribed fund will be used to further its leading growth equity technology investment engine. With the close of the new fund. More
The firm e.ventures, a 20-year-old, early-stage venture outfit that has historically invested out of dedicated funds in numerous geographies, including the U.S., Russia, Germany, Asia and Brazil, has raised $400 million in fresh capital across two new funds: a $225 million U.S.-focused fund that’s based in San Francisco, and a $175 million fund that’s focused on Europe and based in Berlin. More
Sony is doubling down on the world of startup investment. The Japanese tech giant announced a new fund that is aiming to raise 20 billion JPY (around $185 million) to invest in companies within “key high-growth industries.” More
Exits
SpaceLife Origin is pulling out of its plans to help people conceive and deliver babies in space. The Netherlands-based startup made headlines in October with the lofty goal of becoming the first company to "make human reproduction in space safely possible." But, according to a statement posted by CEO Kees Mulder on the company's website in June, there were "serious ethical, safety, and medical concerns" that have caused him to suspend the two missions planning to safely conceive and deliver babies in space. More
Acquisitions & Mergers
With a new acquisition, Independence-based cybersecurity firm Keyfactor is going international. Keyfactor has acquired Spain-based Redtrust, which is described as a "digital identity solutions company providing centralized certificate and digital signature management." Terms of the deal were not disclosed. More
A U.S.-based diagnostics company is expanding its presence in lung cancer with the acquisition of assets from a firm based in the U.K. Boulder, Colorado-based Biodesix said Friday that it would buy Nottingham, U.K.-based Oncimmune’s U.S. operations, including a CLIA lab in De Soto, Kansas, and its incidental pulmonary nodule malignancy test. More
Partnerships
Global automakers BMW and Daimler will join forces in a new long-term partnership to co-develop automated driving technologies, including levels of automation all the way up to SAE Level 4, which is defined as full self-driving, no human intervention required, but only under exactly defined conditions or domains – steering wheel and brakes not necessarily even present I the car. More
AI News
The World Economic Forum today announced its list of 56 companies selected as Technology Pioneers, and this year’s class demonstrates the growing embrace of artificial intelligence and machine learning across a broad range of sectors. Of those selected, at least 20 companies say they are using AI or machine learning in some fashion to tackle challenges in fields such as advertising technology, smart cities, cleantech, supply chain, manufacturing, cybersecurity, autonomous vehicles, and drones. More
5G News
As the first half of 2019 came to a close, every major cellular carrier in the United States was officially offering 5G service to customers: Just days after blasting rivals AT&T and Verizon for lying about their limited 5G offerings, T-Mobile commenced initial service on June 28, becoming the last U.S. national carrier to launch 5G. More
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