President Joe Biden’s administration is looking to fund efforts that improve semiconductor manufacturing by using digital twins. Digital twins are virtual models used to test and optimize physical objects and systems. For example, auto manufacturers are looking to use digital twins of their factories to experiment with new manufacturing processes without disrupting production. The Biden […]
Tiger Global-backed Innovaccer in talks to raise $250M in new funding, sources say
Innovaccer, a health tech startup that aggregates patient data across systems and care settings, is in advanced stages of talks with investors to raise as much as $ 250 million in a new financing round, three sources familiar with the matter told TechCrunch. The deliberation for the new funding round is ongoing, and the current […]
With $175M in new funding, Island is putting the browser at the center of enterprise security
Island, the enterprise browser company, may be the most valuable startup that you have never heard of. The company, which is putting the browser at the center of security, announced a $ 175 million Series D investment on Tuesday at a whopping $ 3 billion valuation. Island has now raised a total of $ 487 […]
Productive solar technologies draw investors as global off-grid solar sector funding slumps
Productive Use of Renewable Energy (PURE) technologies, especially those in the solar irrigation and cold chain segment, saw increased investor interest last year, despite a 43% funding slump recorded in the global off-grid solar sector. The global association for the off-grid solar energy industry, GOGLA, says PURE technologies raised $ 65 million in 2023, double […]
Nigeria’s YC-backed Chowdeck hopes to scale food delivery, a notoriously tough market, with $2.5M funding
Food is significant to Nigerians, with households spending nearly 60% of their income on it, the highest globally, according to official reports. This strong affinity for food, coupled with the rise of online shopping, sets the stage for Nigeria’s food delivery market to potentially reach $ 2 billion to $ 3 billion by 2032. Despite […]