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Tag: raises

Robotic Automations

Team-GPT raises $4.5M to offer suite of AI tools to companies | TechCrunch


To stay competitive, some companies are scrambling to adopt AI, but they are sometimes unsure of the best way to integrate it into their business. Iliya Valchanov, co-founder and CEO of Team-GPT, thinks he has an answer to their worries.  In 2023, Valchanov and Ilko Kacharov, Yavor Belakov, Katya Vaptsarova, and Maria Valchanova launched Team-GPT […]

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Software Development in Sri Lanka

Robotic Automations

Riding high on open source ERP, Odoo raises $527M via secondaries lifting its valuation to $5.26B | TechCrunch


Belgium-based Odoo decided to use open-source tools as a way to attack the enterprise resource planning (ERP) software market, going up against giants like SAP. Fast forward a couple of decades and it’s now picking up €500 million in secondary investment — or around $527M at current exchange rates — led by CapitalG (Alphabet’s venture […]

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Software Development in Sri Lanka

Robotic Automations

Portugal's Tekever raises $74M for dual-use drone platform deployed to Ukraine | TechCrunch


Dual-use drone startup Tekever has raised €70 million ($74 million) to develop its product and expand into new markets, specifically the U.S.. The news is part of a trend of smaller tech-driven startups moving into markets normally dominated by large ‘defense primes’. It also shows that unmanned aerial drones are becoming far more sophisticated, in […]

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Software Development in Sri Lanka

Robotic Automations

Vecna Robotics raises $14.5M and taps former Motional CEO to lead startup | TechCrunch


Karl Iagnemma, an early pioneer in the autonomous vehicle industry who recently stepped down as president and CEO from Hyundai-backed Motional, is back in the AV and robotics game. Vecna Robotics, a Massachusetts-based startup that uses robots to handle materials in warehouses, has hired Iagnemma as CEO. The robotics startup, which has developed autonomous pallet […]

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Software Development in Sri Lanka

Robotic Automations

LocalStack raises $25M to help developers emulate and test cloud apps locally | TechCrunch


Knowing how your cloud application will behave in production usually requires significant development and testing in the environment in which it will be deployed, be that AWS, Azure, Google Cloud, or wherever. But this can be a resource-intensive endeavor, particularly with issues relating to latency (the time it takes to constantly send data) and the […]

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Software Development in Sri Lanka

Robotic Automations

Generative AI startup Writer raises $200M at a $1.9B valuation | TechCrunch


Writer has raised $200 million at a $1.9 billion valuation to expand its enterprise-focused generative AI platform. The Series C round was co-led by Premji Invest, Radical Ventures, and ICONIQ Growth, with participation from Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures. Writer CEO May Habib says the new cash, […]

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Software Development in Sri Lanka

Robotic Automations

The Exploration Company raises $160M to build Europe’s answer to SpaceX Dragon  | TechCrunch


Only two companies currently provide cargo delivery to and from the International Space Station, and both are based in the United States. The Exploration Company, which operates out of Germany, France, and Italy, is looking to change that: It just closed a large funding round to further its mission of building Europe’s first reusable space […]

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Software Development in Sri Lanka

Robotic Automations

Tourlane, the German travel startup, raises $26M led by Sequoia | TechCrunch


The travel industry continues to gain ground, expected to break $11 trillion in revenues this year, and consumers are evolving from so-called “revenge travel” post-Covid-19, to dedicating a growing share of their budget to a wider array of experiences away from home. Add AI into the mix, and that spells a bump of investment into […]

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Software Development in Sri Lanka

Robotic Automations

Tessl raises $125M at at $500M+ valuation to build AI that writes and maintains code | TechCrunch


Many startups and larger tech companies have taken a crack at building artificial intelligence to code software. Now, another new player is coming out of the shadows to throw its hat into the ring, with a mission to fix the many problems that will arise when humans and all those AIs are all writing code […]

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Software Development in Sri Lanka

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