What happened in the startup ecosystem this week? 10

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 meets the needs of customers, and proper management of its financial resources. Building a startup therefore requires a great deal of risk and dedication, but can offer significant rewards when it succeeds. Let’s see what happened in the startup ecosystem this week.

Also See: Collective Receives $50 Million Investment

Startups that received investment

Highland Europe is leading the round, joined by previous backer Long Ridge. Oritain does not disclose its valuation except to confirm that it is higher than its predecessor due to an annual growth rate of over 90 percent and over 100 percent retention of its customers. Click for more information.

Turkish startup Segmentify received investment from Yapı Kredi Portföy Yönetimi A.Ş. Koç Group Companies First Private Venture Capital Investment Fund (GSYF), advised by Sabancı Ventures and Inventram.  Click for more information.

Turkish cloud kitchen startup Rafinera Cloud Kitchen announced that it has received an investment of 550 thousand dollars. Click for more information.

Pano AI is a company that provides an artificial intelligence solution for the detection of forest fires. It announced that it has raised $17 million in new funding to expand its network and capabilities to help professionals cope with these natural disasters by helping them catch them early.  Click for more information.

Miami-based Mascotte Health, whose founder is Turkish, raised $1.2 million in a pre-seed investment round. Click for more information.

Verifiable, which automates the authentication process in the healthcare industry, has raised $27 million in funding. Craft Ventures led the round. Click for more information.

The French plastic recycling robot company b:bot received an investment of 20 million euros with the participation of its existing investors, Eiffel Investment Group and Crédit Agricole Normandie-Seine. Click for more information.

Quazel, a startup offering AI-based language training, has raised €1.4 million in a seed investment round. Click for more information.

Tokyo-based Telexistence made a statement. It said it raised $170 million in a Series B financing round from the KDDI Open Innovation Fund, a fund established by SoftBank, Airbus Ventures, Monoful Partners, Foxconn and CTBC Financial Holdings.  Click for more information.

Hours before the general launch of Threads, a social media site developed by Meta as a competitor to the Twitter platform, Bluesky, another Twitter competitor, received investment. Click for more information.

DigitalOcean, a cloud hosting company, has acquired a New York-based cloud computing and artificial intelligence development startup.  Click for more information.

MotionWorks was founded in 2023. It was founded by Alihan İplik, Tankut Akgül, Samet Özcan and Göktürk Tanyeri. Now there is investment news for MotionWorks. Click for more information.

Quantagonia is a company focused on quantum computing software. It successfully completed seed fundraising led by Tensor Ventures. Click for more information.

AI-powered edtech startup Kinnu receives investment. From online university courses to corporate training, most learning experiences today are designed around the needs of the educational content creator, not the learner. Click for more information.

What’s new this week

Venture capital firm Sapphire Ventures said it plans to invest more than $1 billion in artificial intelligence-related startups. Reuters reported that the $1 billion capital will come from Sapphire’s existing funds, which have $10 billion under management and about $3 billion waiting to be deployed. The majority will be in the form of direct investment in artificial intelligence startups. Some will go to early-stage AI-focused startup funds through Sapphire’s limited partner fund Sapphire Partners. Click for more information.

A global commerce leader that connects millions of sellers and buyers around the world, eBay Inc. has made an announcement. Announced the acquisition of Certilogo, a provider of artificial intelligence-powered apparel and fashion product digital identities and authentication. When eBay first announced the acquisition in May, the company said the acquisition was a significant investment in the growing pre-loved fashion category. The company said it made the acquisition because it sees company as a trusted place to shop for beloved apparel and fashion products. It also explained that eBay gives customers more confidence to make informed purchasing choices in a more sustainable way. Click for more information.

Cyrusher has launched its new model, the Cyrusher Nitro. This electric bike features a 1,000W Bafang motor and an efficient battery pack. Thanks to its 960Wh battery, the Cyrusher Nitro can travel approximately 134 km on a single charge. This exciting e-bike is now available in Europe. The Cyrusher Nitro e-bike is powered by a Bafang M620 motor. This motor has a maximum power of 1.5 kW and a maximum torque of 160 Nm. The bike’s mid-drive motor pulls the center of gravity down for a more balanced ride. The e-bike’s battery has a long lifespan with around 800 usage cycles and takes up to 7 hours to fully charge. Click for more information.