Weekly Tech Pulse
From Helion landing $425M to Tacora raising $268.7M for new fund and Eclypsium raising $45M to help companies secure their infrastructure
US & International Startup & Tech News
Helion lands $425M to expedite its race to try and claim fusion power, clean energy's holy grail
Helion Energy secured $425 million in new funding to advance its efforts in nuclear fusion technology, aiming to provide a clean and sustainable energy source. The company plans to use the funding to accelerate the development of its seventh-generation Polaris prototype, with ambitions of achieving commercial fusion energy production by 2028.
Source: GeekWire
Peter Thiel-backed venture debt firm Tacora raises $268.7M for new fund
Tacora Capital, a venture debt firm backed by Peter Thiel, raised $268.7 million for its latest fund aimed at supporting startups and growth-stage companies. The firm plans to provide alternative financing solutions to businesses in technology and other sectors.
Source: TechCrunch
Cybersecurity startup Eclypsium raises $45M to help companies secure their infrastructure
Eclypsium, a cybersecurity company focused on protecting critical hardware, firmware, and software infrastructure, raised $45 million in its latest funding round. The company plans to scale its product offerings and expand its market presence as demand for robust cybersecurity measures grows.
Source: GeekWire
SoftBank-backed TravelPerk doubles valuation, plans fintech push
TravelPerk, a corporate travel management platform backed by SoftBank, announced it has doubled its valuation following a new funding round. The company plans to expand into fintech by introducing new financial services for business travelers.
Source: Cnbc
LATAM Startup & Tech News
Finaktiva has mobilized volume worth US$5.5 billion
Finaktiva, a Colombian fintech company, has facilitated a mobilized transaction volume of $5.5 billion USD. The company focuses on offering financing solutions to small and medium-sized enterprises in Latin America.
Source: Msn
Paytrack raises $40M Series B led by Riverwood Capital
Paytrack, a Brazilian accounts payable automation platform, raised $40 million in a Series B funding round led by Riverwood Capital. The funds will be used to scale the company’s operations, enhance its technology, and expand its presence in the Latin American market.
Source: LatamList
Salesforce will invest 500 million dollars in Argentina to promote artificial intelligence and digital transformation
FinMaq secured $29 million in funding, led by Alive Ventures, to help small businesses purchase machinery. The funds aim to close the credit gap for SMEs and stimulate economic growth.
Source: ElObservador
Wenance: the Argentine fintech that succeeds in Spain with $50M
Wenance, an Argentine fintech specializing in personal loans, announced its success in the Spanish market, managing $50 million in loans. The company attributes its growth to a strong digital platform and increasing demand for alternative financial services.
Source: Diario Region
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