Microsoft has acquired robotic process automation (RPA) company Softomotive. The move was reported earlier this month by Bloomberg, but only confirmed yesterday. The cost of the deal is not yet known. The…
Yamaha’s Investment Arm Splashes $7.1m on Australian AgTech Startup The Yield
Yamaha Motor Ventures, a Silicon Valley-based investment arm of the Japanese multinational, has led a $7.1 million initial funding round for The Yield, an Australian agriculture-technology startup focusing on providing data for…
London’s TransFICC Wins $7.1m Series A Round
British fintech startup TransFICC has raised a £5.75 million ($7.14m) Series A funding round, as it aims to extend market coverage for its e-trading API solution. The round was led by AlbionVC,…
Berlin Blockchain Startup Gapless Wins $6m Round
Gapless, a Berlin-based blockchain startup, has received €5.5 million ($6m) seed financing round, led by a top blockchain developer’s investment vehicle. The FinLab EOS VC Fund, a joint project from FinLab and…
India’s VC Investment Plummets, as Country Grapples with COVID
Venture capital investments in India have dropped to $2.2 billion in the first quarter of 2020—down from $6bn the previous quarter—as the country’s tech industry struggles with a downturn in capital risk…
AI Platform Codota Wins $12m Series A Round
Israeli AI firm Codota has raised $12 million in Series A funding, which will help the startup expand its suite of software-building solutions. The round, led by San Francisco’s e.ventures with participation…
Convosight Raises $4m from Sequoia Accelerator, Others
Indian community management startup Convosight has closed a $4 million pre-Series A funding round from Sequoia Capital’s accelerator Surge and IvyCap Ventures. The round will allow Convosight, which leverages data analytics and…
UK Startups to Government: Bail Us Out or Risk Future
A dozen of the UK’s leading startup founders have written an open letter to the country’s chancellor, Rishi Sunak, pleading for changes to Downing Street’s COVID-19 business relief packages. The letter, released…
Swedish Logistics Startup Instabox Wins $39m Finance Round
Swedish logistics outfit Instabox has secured a €36 million ($39m) financing round, as it looks beyond its Scandinavian home market. The company, founded five years ago by Alexis Prifitis, Johan Lundin and…
RTP Global Launches $650m Early-stage Fund
Russian investment firm RTP Global has announced a $650 million early-stage fund – its biggest to date by far. The Moscow-headquartered company will plough its cash into startups in Europe, North America,…