Weekly Tech Pulse
From General Fusion’s $22M rebound to Strand Therapeutics lighting up tumors with $153M in fresh funding.
US & International Startup & Tech News
MIT Spinout Strand Therapeutics Raises $153M for mRNA Cancer Therapy
Strand Therapeutics, an MIT spinout, secured $153 million to advance its programmable mRNA therapies that make tumors visible to the immune system. Early clinical trials showed promising results, with tumor shrinkage in patients who had exhausted other treatments. The funding, led by Kinnevik and joined by Amgen, Eli Lilly, and others, brings Strand’s valuation to $550 million as it targets market entry by 2030.
Source: Forbes
SRE.ai Launches with $7.2M to Automate Enterprise DevOps
SRE.ai, a YCombinator alum, emerged from stealth with $7.2 million in seed funding to automate complex DevOps workflows using AI agents. Founded by ex-Google researchers, the platform streamlines tasks like integration, testing, and metadata conflict resolution across cloud services like AWS, Azure, and Salesforce. Backed by Salesforce Ventures and Crane Venture Partners, the startup aims to free IT teams from tedious work and accelerate enterprise agility.
Source: TechCrunch
General Fusion Secures $22M After Public Funding Appeal
British Columbia-based General Fusion raised $22 million following a public plea for investment, helping the company recover from recent layoffs and financial strain. The funding will support continued development of its LM26 fusion demonstration reactor, which aims to replicate the sun’s energy-generating process. Backed by investors like Segra Capital and PenderFund, the company plans to deliver fusion power to the grid by the mid-2030s.
Source: Geekwire
LATAM Startup & Tech News
Rappi to Receive $100 Million from Kirkoswald Private Credit to Finance Expansion
Rappi has secured $100 million in funding from Kirkoswald Private Credit to support its regional growth. The Colombian delivery and superapp platform plans to use the capital to strengthen its logistics infrastructure and expand its footprint across Latin America. This investment reflects continued confidence in Rappi’s business model despite a challenging funding environment.
Source: Msn
Tapi Raised $31 Million in Two Years and Acquired a Company in Mexico
Argentine paytech Tapi raised $31 million over two years and acquired two business units from Arcus, a Mastercard-owned firm in Mexico. Originally a consumer-facing wallet, Tapi pivoted to B2B infrastructure, now serving over 80 clients across five countries. The acquisition doubled its transaction volume and solidified its position in Mexico’s fintech ecosystem.
Source: Yahoo
David Vélez Sold 33 Million Nu Shares for $435 Million
David Vélez, founder and CEO of Nubank, sold 33 million Class A shares of Nu Holdings for approximately $435 million. The transaction represents 3.5% of his stake and was part of a personal estate planning strategy. The sale follows Nubank’s announcement of record quarterly profits, with a net income of $637 million and a customer base of 122.7 million across Brazil, Mexico, and Colombia..
Source: Forbes
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