AI21 Labs Ltd., a startup providing cloud-based broad language models for developers, announced that it has raised $53 million in new funding. The capital was provided as an extension of the Series C investment the company first announced in August. The new raise was led by the venture capital arms of Intel Corp. and Comcast Corp. at a valuation of $1.4 billion. Their investment brings AI21’s total external financing to $336 million. Tel Aviv-based AI21 was founded in 2017 by Co-Chief Executive Officers Ori Goshen and Yoav Shoham. The company’s third co-founder is Amnon Shashua, CEO of vehicle chip maker…
Author: Işıl Akpınar
CoinGecko plans to strategically acquire data monitoring and infrastructure provider Zash to provide users with new features and facilitate access to NFT data. Zash provides institutional-grade, indexed NFT data across 87 unique markets across Ethereum, Polygon, Binance Smart Chain, Solana and Bitcoin Ordinals. This acquisition strengthens CoinGecko’s commitment to providing reliable, accurate and comprehensive cryptocurrency data. Also Read: Broadcom Acquires VMware for $69 Billion CoinGecko Increases NFT Data Capacity by Acquiring Zash TM Lee, Co-Founder and CEO of CoinGecko, stated that they find Zash superior to other NFT data providers, stating that Zash has the most comprehensive NFT data coverage…
Despite taking a year and a half, Broadcom (AVGO) has finally acquired rival software firm VMware (VMW). The closing of the $69 billion deal, first announced in May 2022, had been delayed three times by regulators concerned that the merger would reduce competition. The $69 billion acquisition was completed with regulatory approval from China, the last major market. There were concerns that the deal would not materialise due to tensions between the US and China over President Joe Biden’s new export sanctions on technology products. These tensions eased somewhat after President Biden met with Chinese leader Xi Jinping at an…
Matsmart-Motatos is tackling food waste with a €40 million investment led by Circularity Capital. Matsmart solves the problem of waste in the food supply chain by sourcing and reselling surplus products that traditional retailers cannot buy. Circularity Capital and another new investor SevenVentures, the investment arm of ProSiebenSat.1 and part of the Group’s Trading and Ventures division, participated in the growth capital round. Also Read: Turkish Startup igor Announces Investment at $8.5 Million Valuation Matsmart-Motatos Our plan for the next five years includes significant growth in the Nordic and DACH regions, and our most important upcoming investment will be the…
Igor, a Turkish startup offering banking and payment services, announced that it has received investments worth over $8.5 million. It was announced that the investments came from DOMINO Ventures, Aegean Ventures and Fikir Evi Araştırma Geliştirme ve Danışmanlık A.Ş. as well as individual investors. Also See: Turkish Health Startup Salus Receives $4.7 Million Investment igor’s $8.5 Million Investment Igor, which claims that it continues its vision of working to build more than a bank, announced that they have received an investment of $ 8.5 million. Igor, a Turkish startup that stands out with its banking and payment infrastructure services, also…
Salus, a Turkish health startup building a comprehensive preventive health world, announced that they have received an investment of 4.7 million dollars in Northzone’s investment round in Turkey. Also See: QSoft Receives Investment Over TRY 100 Million Valuation Salus Salus made a post on their official accounts, “We completed our seed investment round with 4.7 million”. In the post, it was announced that in the investment round led by Northzone as the first investment in Turkey, they received a total investment of 4.7 million dollars from important angel investors such as Adam Anders (Anterra Capital), Can Yücaoğlu (MAP Investment), Mehmet…
QSoft offers solutions to companies with its RPA and Chat Bot supported platform. According to the information obtained, it received an investment of TRY 100 million in the first round. It reached a valuation of TRY 100 million with the investment it received from Destek Patent and Gençpa. QSoft sees this financial support as a valuable opportunity to achieve its goal of moving its services to international markets. Also Read: Aonic Acquires nDreams! QSoft A signing ceremony was organised within the scope of the investment. QSoft founder Murat Çim and COO Gürkan Taşkıran, Destek Patent’s Chairman Kemal Yamankaradeniz, CEO Faruk…
Aonic has acquired UK-based virtual reality games publisher and developer nDreams in a $110 million deal. It will further advance Aonic’s position in the VR games market. It will add nDreams to a stable market already home to UK-based digital game and animation development studio Milky Tea and Germany’s Exmox, a game-focused performance marketing network. In late March 2022, Aonic acquired a minority stake in nDreams with an investment of $35 million. This, in turn, helped nDreams acquire Brighton-based immersive gaming studio Near Light. Also See: What happened in the startup ecosystem this week? Aonic & nDreams The company was…
Startups, unlike traditional businesses, are established with the goal of rapid growth and often take risks and receive a large amount of investment. These investments are used to accelerate the growth of the business and they often develop projects that focus on technological innovation. However, the survival and growth of startups is often a challenging process. Entrepreneurs have to constantly improve their product and business model, impress their customers and satisfy investors in order for their business to succeed. A successful startup is achieved with a team that believes in and is excited about its product, a business model that…
Turkish startup Blueit is developing a water management platform that monitors water consumption in industrial plants and commercial buildings in real time. According to the information obtained, Sabancı ARF programme received an investment of 250 thousand dollars. Also Read: Artisan Receives Investment Blueit was Founded by Hülya Tomak in 2021 The startup measures water consumption in real time with sensors placed at installation connection points. It processes water consumption data and analyses energy and carbon emissions related to consumption. It should be noted that the startup reports its data to companies on a daily, weekly and monthly basis. It also…