Weekly Tech Pulse
Better Tomorrow Ventures closes $140M fintech fund while Phaidra raises $50M to cut data center energy costs by 30% & Temporal hits $2.5B with $105M secondary round
US & International Startup & Tech News
Seattle startup Temporal hits $2.5B valuation after $105M secondary round.
Temporal, a Seattle-based workflow orchestration platform, has reached a $2.5 billion valuation following a $105 million secondary funding round. The company, which helps developers build reliable distributed applications, continues to see strong demand from enterprises managing complex software systems. This valuation marks significant growth for the startup as it expands its presence in the developer tools market. The secondary round primarily provides liquidity to early employees and investors rather than adding cash to the company’s balance sheet. Temporal’s platform is used by major companies to manage mission-critical workflows, and the company has been experiencing rapid revenue growth as organizations increasingly rely on distributed systems.
Source: Geek Wire
Supabase nabs $5B valuation four months after hitting $2B.
Supabase, the open-source Firebase alternative, has skyrocketed to a $5 billion valuation just four months after reaching $2 billion. The rapid valuation increase reflects the company’s explosive growth as more developers adopt its backend-as-a-service platform for building applications. Supabase’s combination of open-source technology and developer-friendly tools has positioned it as a leading player in the cloud database and backend services market. The company has seen tremendous adoption from developers who appreciate its PostgreSQL-based approach and comprehensive suite of tools including authentication, storage, and real-time subscriptions. This meteoric rise makes Supabase one of the fastest-growing developer infrastructure companies, competing directly with established players like Google’s Firebase.
Source: Tech Crunch
Better Tomorrow Ventures closes $140M, remains bullish on fintech.
Better Tomorrow Ventures has successfully closed a $140 million fund, maintaining its strong commitment to fintech investments despite market uncertainties. The venture capital firm plans to continue backing early-stage companies that are building financial technology solutions across various sectors. The fund demonstrates sustained investor confidence in fintech innovation and the firm’s track record in the space. The firm focuses on companies that promote financial inclusion and accessible financial services, particularly in underserved markets. Better Tomorrow Ventures has previously invested in successful fintech startups and continues to see opportunities in areas like embedded finance, digital banking, and payment infrastructure.
Source: Tech Crunch
Phaidra raises $50M to help AI data centers run smarter, not just harder, by boosting energy efficiency.
Phaidra has raised $50 million to develop AI-powered solutions that optimize energy efficiency in data centers. The company’s technology uses machine learning to automatically adjust cooling and power systems, reducing energy consumption without sacrificing performance. As AI workloads continue to grow, Phaidra’s approach addresses the critical challenge of making data centers more sustainable and cost-effective. The startup’s autonomous control systems can reduce cooling energy usage by up to 30%, translating to significant cost savings for large-scale data center operators. With the explosion of AI computing demands, Phaidra’s technology is positioned to help the industry manage its growing environmental footprint while maintaining operational efficiency.
Source: Geek Wire
LATAM Startup & Tech News
Michamba raises USD $2.25M in a pre-seed round.
Michamba, a Mexican startup that has successfully raised millions in funding to expand its operations. The company is working to scale its business and strengthen its market position in the region. This investment represents growing confidence in Mexican startups and their potential for growth in Latin America. The funding will be used to enhance the company’s technology platform and expand its team to support increased demand. Michamba’s business model has attracted attention from both local and international investors who see significant potential in the Mexican market.
Source: El Financiero
Uruguayan startup Metabix Biotech captured an investment of more than US $1M and plans to grow in Mexico and the US.
Metabix Biotech, a Uruguayan biotechnology startup, has secured over $1 million in investment funding. The company plans to use the capital to expand into the Mexican and United States markets, scaling its biotech solutions. This investment highlights the growing potential of Uruguayan startups to compete internationally in the life sciences sector. Metabix Biotech specializes in developing innovative biotechnology products and services that address key challenges in the industry. The company’s expansion strategy focuses on establishing partnerships and distribution channels in North America while maintaining its research and development operations in Uruguay.
Source: El Pais
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