The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.
Startups secured $225 million in funding across 19 rounds during the second week of June, a 22% year-on-year increase. Hygenco Green Energies led deal activity with a $105 million round for green hydrogen projects.
The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for […]
The latest round comes about 18 months after SolarSquare raised $40 million in a funding round led by Lightspeed. That round had also seen participation from Lightrock, Elevation Capital, Lowercarbon, Rainmatter and Gruhas Proptech.
The round also saw participation from Think Investments, Valiant Fund, PhonePe founder Sameer Nigam, and Zubin Bharti Mittal, among others. The lead investors had also co-led the company's $10 million Series A in November 2024, along with Reddy. The founder, son of GVK Group vice chairman Sanjay Reddy, has transitioned from managing physical assets to building digital platforms.
Equal AI said that its AI-powered call assistant now has over a million monthly active users.
Former Paisabazaar CEO Naveen Kukreja is reportedly seeking $9 million for his new wealthtech startup, aiming to build a platform for retail investors. The venture will focus on investment advisory, including emergency funds, insurance gaps, and asset allocation rebalancing, while also offering distribution services. This move enters a competitive market with existing players targeting similar demographics.
Bengaluru-based Rekise Marine secured $9.7 million from Accel and NKSquared. The funding will accelerate the development of autonomous ships and submarines for the Indian Navy. The company focuses on full-stack development of unmanned maritime systems. This investment supports the expansion of engineering talent and the advancement of their extra-large autonomous underwater vehicle, Jalkapi.
VC firm Aum Ventures has launched its second fund, India Innovation Fund II, targeting Rs 750 crore. The fund aims to invest in 25-30 innovative, IP-driven startups over five years, focusing on pre-seed and seed-stage companies. This follows their previous deployment of $30 million across 24 early-stage ventures.
Prometheus, Jeff Bezos' AI Startup, Is Now Worth $41 Billion
SpaceX alumni Andrew Redd is betting the ocean has vast amounts of untapped geothermal energy.
Indian space startup SatSure Analytics received a $2.57 million grant to develop AI models for Earth observation, bolstering the nation's sovereign AI capabilities. This initiative aims to create tailored geospatial intelligence systems, reducing reliance on foreign technology for critical applications like climate management and national security.
The craft chocolate company plans to use the funding to expand its retail footprint to 18 stores in the next two years, adding more product categories and entering new markets. Currently, it has three retail shops in Hyderabad and the Delhi National Capital Region.
Deeptech startup Ethereal Machines secured $28.5 million in funding. This capital will fuel the construction of a large manufacturing facility near Bengaluru. The company will also develop India's first indigenous CNC controller. Expansion of its AI-driven software platform is also planned. New teams will be established in the US and Europe.
Precision oncology startup 4baseCare has raised Rs 128 crore. This funding will expand its genomics labs globally and scale its AI platform, OncoTwin. The company aims to make precision oncology inclusive for under-represented populations. 4baseCare is also decentralising genomic testing infrastructure in India. This move brings advanced cancer diagnostics closer to patients and doctors.
AI coding agent startup Niteshift has raised a $7 million seed round from a who's who of angels. It's betting companies will want power over, not lock-in, with model makers.
Rivvun AI, a Seattle and Pune-based startup, has secured $7.55 million in seed funding to help large companies recover lost revenue. The company's AI platform analyses enterprise data to identify and rectify financial leakages from operational issues and billing errors. This capital will fuel go-to-market expansion, product development, and team growth.
The funding round was led by Norwest, with participation S Capital VC, Cerca Partners, and Oceans Ventures. Snowflake Ventures also participated as a strategic investor.
Data security firm Cyera secured a significant funding round. The company raised 600 million dollars valuing it at 12 billion dollars. This marks a substantial increase from its valuation last year. The investment highlights growing investor confidence in data security solutions. Cyera's software helps businesses manage sensitive data and comply with regulations.