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Verve Motion raises $20M to grow its exosuit business

December 13, 2023

Verve Motion, a startup building a robotic “exosuit” designed to help workers complete physically demanding tasks in factories and other like environments, today announced that it raised $20 million in a Series B round led by Cybernetix Ventures with participation from Construct Capital, Pillar VC, OUP and angel investors including Okta co-founder Frederic Kerrest. The […]

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Guardz collects $18M to expand its AI-based security platform for SMBs

December 13, 2023

Thanks to advances in AI, small and medium businesses have become a significant target in the world of cybercrime, accounting for roughly half of all breaches worldwide by some estimates. Now, one of the companies building security tools for SMBs has raised a round of funding to expand its business, underscoring the demand in the […]

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Kakao names Shina Chung, previously its VC lead, as its new CEO amid ongoing crisis 

December 13, 2023

South Korean internet giant Kakao — in the middle of multiple investigations over antitrust and securities violations — has appointed a new CEO as it tries to turn the ship around. Shina Chung, who had been running the company’s venture arm, is moving to the top role at the company.   Chung will officially step […]

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China’s autonomous vehicle regulation requires safety operators, in-car recordings

December 13, 2023

When it comes to spurring the development of cutting-edge technologies, the Chinese government is rather pragmatic in its policymaking process. In the field of autonomous driving, the country has made some big strides in defining the parameters and limitations for service providers, removing regulatory ambiguity and granting industry players the freedom to test the nascent […]

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Ex-Metaswitch CEO John Lazar joins Copia’s board as the Kenyan e-commerce outfit rakes in $20M to push toward profitability 

December 13, 2023

Kenyan e-commerce and fintech platform for mass market consumers Copia Global has appointed John Lazar, the ex-CEO of Metaswitch, a Microsoft subsidiary, to its board off the back of $20 million in new funding. Enza Capital, the Pan-African VC firm that Lazar co-founded in 2019, was among the large participants in the Series C extension […]

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South African e-commerce startup TUNL gets funding to accelerate growth of its exports platform

December 13, 2023

TUNL, a South African parcel shipping platform, has secured $1 million in pre-seed funding from investors, including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The platform, which claims to help e-commerce merchants save between 50% and 80% on international shipping costs, said the funding will fuel its expansion in its primary […]

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Metafuels lands $8 million bet on greener skies ahead

December 13, 2023

Metafuels sets out to change the landscape of sustainable jet fuel, and has just picked up an $8 million suitcase from baggage carousel 3 at its local ZRH. Ahh, Zurich. The company is making the sky green — literally — with its new fuel, which it calls aerobrew. Sure, it sounds a little like a […]

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Procurement software startup Pivot raises $21.6 million just a few months after its creation

December 13, 2023

French startup Pivot is an interesting startup story as it is scaling at a rapid pace even though startup investments are down in Europe. After raising a $5.3 million pre-seed round in April (€5 million), the company worked on the first iteration of its procurement tool over the summer. In September, Pivot started selling its […]

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