Financial agreements summarized: NSG BioLabs secures $14.5 million, SoftBank spearheads Wayve's Series C funding round, and 12 transactions between China and India, among other developments
In the realm of innovation and technology, several startups have recently secured substantial funding in various funding rounds. Here's a roundup of some notable investments:
Superplum, a Noida-based fruit supplier, has secured USD 15 million in a Series A funding round led by Erik Ragatz. This investment will enable Superplum to expand its operations and improve its supply chain, ensuring a steady flow of fresh produce to its customers.
NSG BioLabs, a provider of coworking biotechnology laboratories and office space in Singapore, has completed a USD 14.5 million funding round. The funding round was jointly led by Celadon Partners and Temasek's ClavystBio. NSG BioLabs has also secured partnerships with Enterprise Singapore and Merck to bolster the biotechnology landscape.
GyanLive, an edtech startup, has received an undisclosed amount of investment from Classpass. The exact amount of the investment was not disclosed, but it marks a significant step forward for GyanLive as it continues to expand its educational offerings.
Japanese startup Orange, which has developed a manga localization tool, has raised JPY 2.9 billion (USD 18.7 million) in a pre-Series A funding round. The funds will be allocated toward the development of a localization product based on deep learning models and the launch of a digital manga store in the summer of 2024.
Parseable, a Bengaluru-based log analytics company, has raised USD 2.75 million in a seed funding round jointly led by Peak XV Partners' Surge and NP-Hard Ventures. This investment will help Parseable scale its operations and further develop its log analytics platform.
Trunk, a Chinese firm developing Level 4 self-driving technology for trucking and port logistics, has raised a nine-figure RMB sum in a round of financing. The exact amount of the funding was not disclosed, but it represents a significant investment in the development of autonomous driving technology.
Wayve, a British self-driving technology startup, has secured a significant investment in its Series C round. SoftBank Group has spearheaded the round, leading a USD 1.05 billion investment. Wayve aims to fully develop and launch the first embodied AI products for production vehicles. With this investment, Wayve's total funds raised now exceed USD 1.3 billion.
Icon, a D2C seller of luggage and travel accessories, has announced the completion of a seed funding round, raising USD 1.2 million. This investment will support Icon's growth and expansion into new markets.
Rapid Flex, a Shanghai-based FPGA technology developer, has bagged an eight-figure RMB sum of angel funding from Chengwei Capital, PDVC, SND Financial Holdings, and other investors. This funding will enable Rapid Flex to accelerate its research and development efforts.
Eternz, a Bengaluru-based jewelry e-commerce company, has secured USD 1.15 million in a pre-seed funding round. This investment will help Eternz expand its product offerings and improve its customer experience.
Astathera, a Ningbo-registered medtech company, has secured an eight-figure RMB sum of funding in a round jointly led by the Ningbo-Fudan Innovation Center and Junan Holding. This investment will support Astathera's research and development efforts in the medical technology sector.
Lendingkart, another fintech startup, has raised USD 10 million via external commercial borrowing. This funding will enable Lendingkart to expand its lending operations and support small businesses in their growth.
The investors involved in Ai Palette's Series A1 funding round have not been disclosed in the provided search results. However, this investment represents the largest funding round to date for a British startup focused on developing AI technology.
These investments underscore the ongoing interest in innovative startups across various sectors, from technology and education to biotechnology and finance. The funding will enable these startups to accelerate their research and development efforts, expand their operations, and bring new products and services to market.
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