SimScale, a Munich, Germany-based tech startup and the provider of the world’s first production-ready SaaS application for engineering simulation, today announced that it has closed $29.78 million (€27 million) in Series C funding to accelerate the expansion of its cloud-based computer-aided […]
RoadSafe Traffic Systems (“RoadSafe”), a Chicago-based construction startup and the nation’s largest provider of traffic control and pavement marking services, announced today the acquisition of A Cone Zone Inc. Founded in 2003 and based in Corona, California, A Cone Zone […]
RedShift Bioanalytics (formerly known as RedShift Systems), a biotech startup and a provider of innovative analytical solutions for protein characterization used in biotherapeutic drug development, announced it has closed $18M Series D Preferred Stock financing for commercial expansion and continued innovation. The […]
The New York State Energy Research and Development Authority (NYSERDA) today announced a new Co-Investment Fund, making an initial $6 million available for clean energy companies seeking to match investments from qualified investors and stimulate their advancement. Today’s announcement supports […]
Good morning! Below are the top tech startups news for today, Wednesday, January 29, 2020. Apple generated $56 billion in iPhone sales in just 3 months. Apple’s iPhone strength is back. Yesterday, Apple reported iPhone revenue of $56 billion for its fiscal […]
The Michigan Angel Fund (MAF) concluded 2019 investing a total of $1,043,000 in 13 early stage Michigan-based startups, including three deals through the recently created MAF IV which opened in April and closed in December with $2 million in investment […]
99math, an EdTech startup that created eSports style competitions for math students just raised $500k to help accelerate its growth. Co-founded by a 19-year-old Estonian recent high school grad and gaming lover, Timo Timmi, 99math has already had 30,000 elementary […]
ATO-GEAR, a wearable electronics startup for B2C and B2B sports markets, announced today that it has closed an investment round with Dutch high-tech venture capital fund Innovation Industries. Earlier investors, the BOM Brabant Ventures and a consortium of business angels, […]
Okapi AI, an AI startup and provider of the platform for streamlining commercial real estate operations through artificial intelligence and machine learning algorithms, today announced the hiring of two new senior sales professionals to bolster the company’s national expansion. Effective […]
Good morning! Below are the top tech startups news for today, Tuesday, January 28, 2020. Peter Thiel-backed mobile bank N26 says it’s luring deposits from US heavyweights like Chase and Citibank. German mobile bank N26 said its planning to lure deposits […]
In 2018, the global Campaign Management Software market size was $2.1 billion and it is expected to reach $5.9 billion by the end of 2025. ActiveCampaign is a Chicago, IL-based tech startup and a provider of customer experience automation (CXA) Platform […]
ServiceNow today announced it has signed an agreement to acquire Passage AI, a Mountain View, Calif.-based conversational AI platform company. The total amount of the deal was not disclosed. The transaction will advance ServiceNow’s deep learning AI capabilities and will […]
Following a successful $5.5 million from Barclays, B2B Invoicing and payments company Crowdz, today announced the launching of its private pilot for the world’s first invoice financing marketplace, InvoiceXchange. Businesses accepted into the pilot will have the ability to auction off […]
Upgrade Pack, a U.K. fintech startup that provides the world’s first app providing exclusive, discounted flight and hotel upgrades, has surpassed $6.5 million (£5 million) in seed funding after finalizing a new £1.5m private investment round today. Founded in 2018 […]
The demand for AI applications is on the rise. According to Gartner, AI augmentation alone will create $2.9 trillion of business value in 2021. However, there are still many challenges in deploying AI solutions in an effective and scalable way. […]
Good morning! Below are the top tech startups news for today, Monday, January 27, 2020. General Motors (GM) to invest $2.2 billion at Detroit factory to make electric trucks, SUVs. Under intense competition and pressure from Tesla, GM is boosting […]
Yogi, an AI startup that provides actionable product insights and helps companies to better understand their customers, has raised $2.3 million in seed funding to expand its deep learning customer feedback analytics platform. The round was led RTP Ventures leading, and Felton Group […]
GLS Capital, a private investment firm founded by trio of industry veterans, today announced the closing of $345 million fundraising for its inaugural litigation finance fund, GLS Capital Partners Fund I, LP. The Fund’s diverse institutional investor base includes global financial institutions, […]
Quench Bio, a biotech startup co-founded by Arix Bioscience and Atlas Venture, has emerged from stealth mode with a total of $50 million in Series A funding. Quench is leveraging new insights into gasdermin biology and innate immunity to develop medicines for […]
In a sign of positive turnaround for the office-sharing startup, WeWork reportedly clinched a 3-year deal to provide office space to 250 employees of gym membership app startup Gympass in New York, according to a report from Reuters, citing people familiar […]
