Weekly Tech Pulse
From Microsoft Stock Jumping 6% and Plenful Raising $50M to Seattle Legal Tech Startup Supio Landing $60M
US & International Startup & Tech News
Microsoft Stock Jumps 6% After Topping Estimates with $70.1B in Revenue, $25.8B in Profits
Microsoft's Q3 earnings surpassed expectations, with $70.1 billion in revenue and $25.8 billion in profits, driven by a 33% growth in Azure cloud services, notably fueled by AI demand. The strong performance led to a 6% rise in after-hours stock trading.
Source: GeekWire
New $5M Fund Aims to Lure Founders from Universities
Critical Venture Partners, founded by University of Pennsylvania alumni, launched a $5 million fund targeting university-based entrepreneurs tackling issues like climate change and healthcare. Initial investments include startups focusing on CO₂ conversion, metal recovery, and enhanced MRI diagnostics.
Source: TechCrunch
Plenful Raises $50M to Transform Healthcare Providers' Back Office with AI, Saving Millions
Plenful secured $50 million to enhance healthcare administrative operations using AI, aiming to reduce costs and improve efficiency in back-office tasks. The funding will support the expansion of their AI-driven solutions across healthcare providers.
Source: Forbes
Retail Returns Business BuyWander Raises $2M and Plans Warehouse Near Seattle
BuyWander, specializing in managing retail returns, raised $2 million to establish a new warehouse near Seattle. The facility aims to streamline the returns process and enhance logistics for retailers.
Source: GeekWire
Hitachi Ventures Raises $400M Fund to Invest in Everything from Fusion to AI
Hitachi Ventures announced a $400 million fund to invest in advanced technologies, including nuclear fusion and artificial intelligence. The fund reflects the firm's commitment to supporting innovative solutions across various sectors.
Source: TechCrunch
Seattle Legal Tech Startup Supio Lands $60M to Help Lawyers Streamline Data Analysis
Supio, a Seattle-based legal tech startup, secured $60 million to develop AI tools that assist lawyers in analyzing large volumes of data efficiently. The funding will accelerate product development and market expansion.
Source: GeekWire
Manifest Lands $15M to Bring Software and AI Supply Chain Transparency
Manifest raised $15 million to enhance supply chain transparency using software and AI, aiming to provide businesses with better insights into their operations. The company plans to expand its platform to meet growing demand.
Source: Forbes
Microsoft Awards $5M to Wash. Initiatives Using AI in Sustainability, Health, and Education Challenges
Microsoft allocated $5 million in grants to Washington state initiatives leveraging AI to address challenges in sustainability, healthcare, and education. The funding supports projects that apply AI solutions to real-world problems.
Source: GeekWire
LATAM Startup & Tech News
How a Fintech VC Achieved an Oversubscribed Debut Fund
A fintech-focused venture capital firm successfully closed its debut fund, exceeding its initial target due to strong investor interest. The fund aims to support early-stage fintech startups in the region.
Source: Forbes
AI Assistant Zapia Raises 725 Million Dollars
An AI assistant company Zapia raised $725 million to expand its services across Latin America, focusing on enhancing customer service experiences through artificial intelligence. The investment will drive technological advancements and market penetration.
Source: El Financiero
Latin American Fintech Clara Raises US$80 Million to Grow in the Region
Clara, a Latin American fintech company, secured $80 million to fuel its growth and expand financial services across the region. The funding will support product development and regional expansion efforts.
Source: Bloomberg
IDB Invest Provides $500 Million Financing
BID Invest provided $500 million in financing to support infrastructure and development projects in Latin America, aiming to stimulate economic growth and sustainability. The funds will be allocated to various sectors, including energy and transportation.
Source: Yahoo News
Nuvia Raises $1.7M to Scale AI Agents for B2B Sales
Nuvia, a startup developing AI agents for B2B sales, raised $1.7 million to enhance its technology and expand its client base. The company focuses on automating sales processes to improve efficiency.
Source: LatamList
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