November 18 2024 – 5 Notable Articles To Read 𝗔𝗿𝘁𝗶𝗰𝗹𝗲: Danish software company Ziik acquires Whistleblower solution Walor.io 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: Walor.io enhances Ziik’s internal communication solutions by enabling customers to seamlessly integrate their intranet and whistleblower system into one unified platform. 𝗦𝗼𝘂𝗿𝗰𝗲: Tech.eu 𝗟𝗶𝗻𝗸: https://lnkd.in/dFNRtNJA 𝗔𝗿𝘁𝗶𝗰𝗹𝗲: Swiss VC firm Founderful closes oversubscribed $140M Fund II 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: This momentum builds on Founderful's success with its $90M Fund I, fully invested across 40 startups. Portfolio companies have collectively created over 1,100 jobs and attracted more than $450M in follow-on funding from global VC firms. 𝗦𝗼𝘂𝗿𝗰𝗲: Tech.eu 𝗟𝗶𝗻𝗸: https://lnkd.in/dfRYp7Z6 𝗔𝗿𝘁𝗶𝗰𝗹𝗲: TSMC secures $11.6B in funding as US Chips Act faces uncertain future 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: The agreement with the world’s largest chipmaker, which includes up to $6.6B in grants and up to $5B in loans, marks the first major award finalized under the Chips Act. According to the Department of Commerce, it also represents the largest foreign investment in a new manufacturing project in U.S. history. 𝗦𝗼𝘂𝗿𝗰𝗲: Financial Times 𝗟𝗶𝗻𝗸: https://lnkd.in/d_d_Ze-s 𝗔𝗿𝘁𝗶𝗰𝗹𝗲: A $100B Middle East AI Fund Plots Its U.S. Expansion 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: Mubadala and tech firm G42, which invested approximately $500M in OpenAI, have explored supporting xAI and aim to make significant investments in more AI companies. These efforts align with Abu Dhabi’s strategy to expand its presence in U.S. technology. 𝗦𝗼𝘂𝗿𝗰𝗲: The Information 𝗟𝗶𝗻𝗸: https://lnkd.in/d5jyFD3t 𝗔𝗿𝘁𝗶𝗰𝗹𝗲: Astorg Nears $2.5B Anaqua Sale to Nordic Capital 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: Boston-based Anaqua specializes in intellectual property management software solutions, employing over 800 people across offices in nine countries, including the US, UK, India, Japan, and Australia. In 2019, Astorg acquired the company from Insight Partners and Bessemer Venture Partners for an undisclosed sum. 𝗦𝗼𝘂𝗿𝗰𝗲: Bloomberg 𝗟𝗶𝗻𝗸: https://lnkd.in/dMydzi5e #news #business #ai #investment #research
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#GenAI #Finance: 🌍 #Sweden-based Grasp has issued new shares worth $1.9 million to Yanno Capital and Philian Invest. Together, they have acquired an ownership stake of just under 13%. 💰 The #investment will be used to accelerate the development of Grasp’s #AI platform and continue its global #expansion. More details about the world's first GenAI platform for finance professionals: https://lnkd.in/dAF_b2sS #news #technews #innovation #startup #technology #vcfunding #venturecapital #fundingnews #investment #eutech #nordicmade #sweden #aiassistant Richard Karlsson Johan Cederqvist Devér Simon Hällqvist Anna Storåkers
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#ai | #startups | #startupfunding : Scrut Automation raises $10 million in funding round from existing #investors . Governance, risk and #compliance platform Scrut Automation will use the funds to strengthen its platform capabilities, incorporate #generativeai use cases to reduce the manual effort for risk and compliance teams and expand to North American and European Markets. Read more at: https://lnkd.in/gFEzHwSu
Scrut Automation raises $10 million in funding round from existing investors
economictimes.indiatimes.com
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🚀 London AI Startup Capsa AI Raises £1.7M to Automate Business Compliance 💼 London-based Capsa AI has secured a £1.7 million funding round to automate compliance tasks for private equity (PE) funds. The AI-driven platform helps with tasks like creating company profiles, consolidating financial data, and reviewing contracts, aiming to replace "manual, low-skill" tasks in the PE industry. The round was led by Outward VC, with support from Cornerstone VC, Antler, and fintech angels. Capsa AI co-founder Danyal Özdüzenciler said the company is driving productivity in major PE firms and aims to transform decision-making in private capital. #AI #Startups #Funding #PrivateEquity #ComplianceTech https://lnkd.in/eZ2kDKnZ
AI investment due diligence platform Capsa scores £1.7m
https://www.uktech.news
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We’re thrilled to share that Midas AI has been accepted into the IAEngine SPARKS Cohort! 🎉 Being selected for the SPARKS programme is an exciting milestone for us. We’re looking forward to diving into this accelerator, learning from industry leaders, and discovering new ways to help equity research analysts work smarter with cutting-edge technology. Our goal is to shake up the way equity research is done by cutting down the time analysts spend on report writing—from hours to just minutes. Being part of the SPARKS Cohort will help us take things to the next level, refine our solution, and connect with incredible experts to make equity research faster and more efficient. A huge shoutout to our fellow participants: 🚀 Shizen, Inc. – making climate data actionable for investment teams. 🚀 DataSync – redefining data integration and quality management in investment management. Thanks so much to the IAEngine team for this amazing opportunity. We can’t wait to get started and collaborate with such a talented group of people over the coming months. Here’s to shaping the future of finance! 🚀 #FinTech #Innovation #AI #EquityResearch #AssetManagement
IAEngine, the IA's FinTech hub, is excited to announce the latest cohort of its SPARKS programme, an accelerator programme which validates and develops pre-seed FinTech startups in the asset and wealth management space. The three FinTech firms selected to take part in this year’s SPARKS cohort are: 🚀 Shizen, Inc. - an AI powered decision intelligence platform for investment and climate teams to make sense of climate data for investment decisions and products in net-zero transition journey. 🚀 Midas AI – an innovative solution which automates report writing for equity research analysts using AI agents, reducing hours of manual work to minutes. 🚀 DataSync - an intelligence (AI-powered) data integration, quality, and management solution designed for investment management firms, which reduces the time it takes to implement data strategies from years to weeks and reduces the operating cost of managing data by 33% All three firms offer a fantastic example of the benefits emerging technology can bring to our industry, and we are so excited to work with them and our expert Engine Advisory Panel over the coming weeks and months. Later this afternoon, IA Engine will also be hosting its latest TalkingTech event on cyber risk and resilience in partnership with Covington & Burling LLP. Final spaces still available – register below for what promises to be a fantastic afternoon! https://lnkd.in/ebbNMe7i
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IAEngine, the IA's FinTech hub, is excited to announce the latest cohort of its SPARKS programme, an accelerator programme which validates and develops pre-seed FinTech startups in the asset and wealth management space. The three FinTech firms selected to take part in this year’s SPARKS cohort are: 🚀 Shizen, Inc. - an AI powered decision intelligence platform for investment and climate teams to make sense of climate data for investment decisions and products in net-zero transition journey. 🚀 Midas AI – an innovative solution which automates report writing for equity research analysts using AI agents, reducing hours of manual work to minutes. 🚀 DataSync - an intelligence (AI-powered) data integration, quality, and management solution designed for investment management firms, which reduces the time it takes to implement data strategies from years to weeks and reduces the operating cost of managing data by 33% All three firms offer a fantastic example of the benefits emerging technology can bring to our industry, and we are so excited to work with them and our expert Engine Advisory Panel over the coming weeks and months. Later this afternoon, IA Engine will also be hosting its latest TalkingTech event on cyber risk and resilience in partnership with Covington & Burling LLP. Final spaces still available – register below for what promises to be a fantastic afternoon! https://lnkd.in/ebbNMe7i
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📣 Investment momentum in UK tech continued last week with significant funding rounds and strategic acquisitions. Here's a snapshot of what TechMarketView analysts covered: 🔹 Investments and funding: - London-based Genie AI raised £13.3m in Series A funding from GV (Google Ventures) and Khosla Ventures for its AI legal editor platform. - Vortexa secured $25m in strategic debt financing from CIBC Innovation Banking for its energy and freight analytics platform. - Stripe agreed to acquire US stablecoin platform Bridge for $1.1bn to enhance its crypto development capabilities. 🔹 AI developments: - IBM released Granite 3.0, its most advanced family of AI models designed for enterprise use. - Google Cloud partnered with Honeywell to integrate Vertex AI with industrial data for autonomous operations. - Accenture invested in Reality Defender to bring deepfake detection capabilities to market. In other news: 🔹 The Data (Use and Access) Bill was introduced to Parliament, aiming to generate £10bn for the UK economy over the next decade. 🔹 The FCA launched an AI Lab to support safe AI adoption in financial services. 🔹 Wipro UK secured an end-to-end platform services contract with Wealthtime for digital transformation. Don't miss out on the latest tech news and insights from the TechMarketView analysts. Sign up for our FREE UKHotViews newsletter 📩 👇 at: https://lnkd.in/eiqfN8QV
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Fintech startup Mili raises $2 Mn led by Chiratae and BoldCap: AI meeting assistant for wealth management firm Mili has raised $2 million in its seed round led by Chiratae and BoldCap with participating investors Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher (Quent Capital), and Better Capital. The proceeds will be used to enhance and accelerate Mili’s product, including expanding customization capabilities, deepening integrations, ramping up its partnerships, and growing the engineering and customer success teams. Founded in early 2024 and is led by Chirag Gandhi, Mili provides enterprise-grade meeting documentation software that helps wealth management firms streamline their advisory workflows while maintaining the highest standards of compliance and customization. The platform enables financial advisors to focus on client relationships by reducing administrative overhead through secure, real-time AI assistance that works seamlessly with existing systems. According to the company, it has an industry-leading compliance architecture built for enterprise wealth management, with customizable templates and firm-specific rubrics that adapt to each practice's unique needs. Mili has a rapidly expanding integration suite supporting major wealth management platforms, backed by an SOC 2-certified infrastructure with enterprise-grade security. #Fintech #Investment #Startup
Fintech startup Mili raises $2 Mn led by Chiratae and BoldCap
entrackr.com
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Insightful report from #KPMG sees a pick up in Q2 as investors make more strategic choices across the AI, Biotech and Fintech sectors.
Higher VC investment in Q2 but deal numbers down - KPMG
rte.ie
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Today, Capsa AI announced the closing of its £1.7 million seed round. Founded just 8 months ago, Danyal Özdüzenciler and Callum Downie have developed an #AI solution that is focused on making PE professionals more efficient. Working and understanding #PrivateEquity use cases, the Capsa team helps automate time-consuming, repetitive tasks in private market transactions. The seed round closing marks a great milestone, which will enable the further development of the platform to fulfil the needs of Capsa's existing and future private equity clients. Use case by use case, Capsa AI will help investment professionals harness the power of AI. Outward VC, Antler and Cornerstone VC alongside business angles and PE execs have contributed to this funding round. Advising Danyal and Callum since the early days of Capsa has been a great joy for me. They have built on their experience and listened to their clients - and I look forward to celebrating more milestones with them in the future! Press coverage: https://lnkd.in/eX5-x-pp #SeedFunding #TechInnovation #Efficiency
AI investment due diligence platform Capsa scores £1.7m
https://www.uktech.news
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Want to stay ahead of the curve? 🚀 Private equity partners approaching #2025 must strategically position themselves to capitalize on explosive growth within the tech sector. By balancing regulatory compliance, leveraging #AI both internally and externally, and adopting robust evaluation frameworks, they can mitigate risks while maximizing returns. Discover top 6 private equity trends influencing 2025—and what they mean for your strategy ▶️ https://lnkd.in/g3ibUsdu #PrivateEquity #PE
The Top 6 Private Equity Trends for 2025 | KMS Technology
https://kms-technology.com
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