What happened in the startup ecosystem this week? 33

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: GreyOrange Receives $135 Million Investment

Startups that received investment

Dataroid, a digital interaction and analytics management platform, aims to expand its global marketing activities with the new investment. Thus, it will start operating in Europe and the Middle East. At the same time, it aims to strengthen both its products and its team while expanding with investment. Click for more information.

Roamless is a startup that focuses on eSIM technology, which has become very popular in recent years. According to the information provided by Roamless, the company received an investment of $ 2.6 million. It was co-led by Paribu Ventures and Revo Capital. Click for more information.

Jori offers a multi-modal artificial intelligence (AI) and machine learning (ML) platform with the goal of circularity in fashion. According to the information reported, it received investment from Startupfon. However, it should be noted that the financial details of the investment and Jori’s valuation were not shared with the press. Click for more information.

Cybersecurity startup Halcyon Tech Inc. announced that it has raised $40 million in new funding to expand the company’s engineering, research, development and sales functions. Founded in 2020, Halcyon offers multi-layered prevention and endpoint resilience with automated encryption key material capture and autonomous decryption capabilities. The platform is designed to give organisations peace of mind knowing that their valuable data and systems are protected. Click for more information.

Branchsight, a Turkish digital marketing platform, received investment from Arz Portföy GSYF. However, the financial details of this investment were not shared with the press. Click for more information.

GreyOrange, the AI-driven warehouse and retail automation leader, announced that it has received an investment of $135 million. The company emphasised that thanks to this investment, GreyOrange will further accelerate its growth and leadership in warehouse and retail automation. Akash Gupta, co-founder and CEO of the company, said that the series D financing strengthens their commitment to leadership in the field of artificial intelligence and robotic regulation. Click for more information.