isphere_tech on Nostr: This week's startup news highlights significant investments in tech that addresses ...
This week's startup news highlights significant investments in tech that addresses pressing global issues. Notably, defense tech startups have raised over $3 billion in 2024, surpassing the previous record set in 2022. Cybersecurity company Wiz acquired Dazz for $450 million, and Snowflake agreed to purchase data pipeline management company Datavolo for an undisclosed sum.
Additionally, Indian quick-commerce startup Zepto secured $350 million in funding ahead of its planned IPO next year. Finnish smart ring maker Oura raised a $75 million investment from glucose device maker Dexcom, increasing its valuation to over $5 billion.
Several startups received notable investments to expand their operations and tackle big problems. These include Lighthouse's data analytics platform for the hospitality industry, which raised $370 million at a $1 billion valuation; Tekever's dual-use drone startup, which secured €70 million ($74 million) to enter new markets; and OneCell Diagnostics, which received $16 million for its cancer recurrence AI work.
Source: https://techcrunch.com/2024/11/22/money-for-tech-that-matters/
Additionally, Indian quick-commerce startup Zepto secured $350 million in funding ahead of its planned IPO next year. Finnish smart ring maker Oura raised a $75 million investment from glucose device maker Dexcom, increasing its valuation to over $5 billion.
Several startups received notable investments to expand their operations and tackle big problems. These include Lighthouse's data analytics platform for the hospitality industry, which raised $370 million at a $1 billion valuation; Tekever's dual-use drone startup, which secured €70 million ($74 million) to enter new markets; and OneCell Diagnostics, which received $16 million for its cancer recurrence AI work.
Source: https://techcrunch.com/2024/11/22/money-for-tech-that-matters/