Weekly Tech Pulse
From Castelion Raising $350M Series B to Scale Hypersonic Missile Business To Lovable On Track to Raise $150M at $2B Valuation
US & International Startup & Tech News
Seattle Leaders Scrutinize $90M Tax Plan: Relief for Small Businesses, Higher Bills for Big Tech
Seattle officials are debating a $90 million tax proposal that would lower costs for small businesses while increasing taxes on major tech companies. The plan aims to rebalance the city’s tax burden amid growing concerns about affordability and economic equity. Some tech leaders warn it could stifle innovation and investment.
Source: Geek Wire
Castelion Raises $350M Series B to Scale Hypersonic Missile Business
Castelion has secured $350 million in Series B funding to expand its hypersonic missile operations. The defense startup plans to grow its workforce and production capacity to meet rising demand for next-generation weapons. Investors see it as a critical player in modern military technology.
Source: TechCrunch
Vultr Raises $300 Million in Debt from Bank of America, Citi, Goldman
Cloud infrastructure firm Vultr has raised $300 million in debt financing from major banks including Bank of America, Citigroup, and Goldman Sachs. The funds will help the company expand its global data center footprint. Vultr aims to compete with cloud giants by offering affordable alternatives.
Source: CNBC
Israeli Quantum Startup Qedma Just Raised $26 Million With IBM Joining In
Qedma, an Israeli quantum computing startup, has raised $26 million in a round that includes IBM as a strategic investor. The company is developing software tools to enhance quantum computing performance. This funding will accelerate research and broaden global partnerships.
Source: TechCrunch
Ramp Valued at $16 Billion in Peter Thiel, Founders Fund-Led Deal
Corporate card and spend management firm Ramp has reached a $16 billion valuation after a new funding round led by Peter Thiel’s Founders Fund. Ramp plans to use the capital to expand its offerings and grow its client base. The company is one of the fastest-growing fintechs in the US.
Source: CNBC
Seattle Startup Circulate Health Raises $12M for Pricey Blood-Cleaning Longevity Service
Circulate Health, a Seattle-based startup, has raised $12 million to fund its longevity-focused blood filtration treatments. The company markets its service as a premium option for health-conscious customers looking to extend their lifespan. Some experts question the affordability and scientific backing of the approach.
Source: GeekWire
Lovable On Track to Raise $150M at $2B Valuation
Subscription lingerie brand Lovable is close to finalizing a $150 million funding round at a $2 billion valuation. The company plans to expand its product lines and reach new international markets. Investors are betting on continued growth in direct-to-consumer intimate apparel.
Source: TechCrunch
LATAM Startup & Tech News
Brazilian Firm Principia Raises $32 Million to Boost Productivity in Educational Institutions
Principia, a Brazilian edtech company, has raised $32 million to improve productivity in schools and universities. The startup provides digital tools to optimize learning and administrative processes. It plans to expand its reach across Latin America with this new funding.
Source: Contxto
Mexican Fintech Klar Raises $190 Million, Valued at $800 Million
Klar, a Mexican fintech firm, has raised $190 million in new funding, pushing its valuation to $800 million. The company offers credit and digital banking services to underserved customers. Klar aims to challenge traditional banks by providing faster, more accessible financial solutions.
Source: Bloomberg
Clear, Actionable Information Empowers Policyholders
Access to clear and actionable health information is helping Mexican insurance policyholders make better decisions. Improved transparency allows people to better understand coverage, costs, and benefits. Experts say this shift could increase trust and participation in private health plans.
Source: Mexico Business
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