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Resistant AI, a SaaS-based AI and machine learning security company that protects financial services from manipulation, fraud and financial crime, has secured USD16.6 million in Series A funding.
GV (formerly Google Ventures) led the Series A, with participation from existing investors Index Ventures (led by partner Jan Hammer), Credo Ventures (led by Ondrej Bartos and Vladislav Jez) and Seedcamp, as well as several angel investors specialising in financial technology and security. The funding will be used to meet increasing demand from global financial institutions and to build out Resistant AI’s product, engineering, and sales operations teams beyond Prague, London and
Scorechain, a provider of crypto risk-AML and compliance solutions, has closed a pre-Series A funding round of EUR2 million led by Tioga Capital (Luxembourg) and followed by Blockrocket (Germany) and CVVC Crypto Valley (Switzerland).
Global tax software provider Sovos is to acquire Digital Planet, which provides cloud compliance solutions for continuous transaction controls (CTCs), including e-invoicing, e-receipts, e-delivery note and e-ledger.
Upon completion of this acquisition, Sovos will expand its Istanbul-based product development center of excellence in support of a growing base of channel partners, small-and-medium-sized businesses (SMB), and large enterprise customers in Turkey and across the region.
Turkey is one of only a few countries outside of Latin America with mature e-invoicing and digital tax and regulatory mandates. Following its 2019 acquisition of Foriba, Sovos established its European centre of excellence in
K2 Management (K2M), a leading renewable energy engineering and project management consultancy, has worked as owner’s engineer on the final phase of a vast renewable energy project in Vietnam, which has incorporated the development of the country’s largest salt production facility, powered by wind and solar.
Commercial operation has begun at the 22-turbine wind farm in Ninh Thuan, a joint venture between AC Energy and BIM Group.
Completion of this particular onshore wind project is the final milestone of a significant technical challenge to build a wind farm in a salt production hub, covering an area of 2,500 hectares. The
As part of a new partnership with AirPortr – a digital platform and provider of intelligent baggage management solutions – Swiss International Airlines (SWISS) is now offering passengers departing from Geneva Airport the option of having their baggage collected at home through the AirPortr service.
By booking online, SWISS passengers can have their bags securely collected up to 23 hours prior to departure from their home or hotel and delivered on to the destination airport. The service is available across the Lemanic Region, including Geneva, Nyon, Montreux and Lausanne, (with prices from CHF39 in Geneva or CHF59 in Lausanne), and
British satellite scale-up Satellite Vu, founded in 2016, has successfully raised GBP15 million (USD20.7 million), as it looks to ramp up its plans to launch seven thermal and infrared imaging satellites into space that will be able to provide real-time data on how green every building on the planet is.
Satellite Vu’s latest funding round of GBP15 million (USD20.7 million), which was oversubscribed, was led by the Seraphim Space Investment Trust Plc, the world’s first listed Space Tech Fund. Also investing in the round is Draper Esprit; A/O PropTech, Europe’s largest proptech VC; Ridgeline Ventures; Earth Science Foundation; E2MC Ventures
Fremman has acquired a majority stake in Palex, a distributor of high value-added MedTech equipment and solutions, from Ergon Capital Partners IV SCSp (Ergon) and Corpfin Capital (Corpfin), who will both remain as minority shareholders in the business.
Headquartered in Barcelona (Spain) and founded in 1955 by the Knuth family, Palex is the leading distributor of high value-added MedTech equipment and solutions for public and private hospitals and laboratories in Spain and Portugal. The Company leverages on a unique business model offering a wide product portfolio with over 130,000 references from +550 blue-chip suppliers, primarily distributed under exclusivity contracts, to
LBO France’s digital health venture strategy continues to gain ground with the Digital Health 2 fund, which has just completed its fundraising at EUR155 million, twice as much as its predecessor fund, SISA which closed in 2017 at EUR70 million.
As a pioneer in digital healthcare since 2014, LBO France received a renewed vote of confidence from almost all investors who had put their money in the first SISA fund, including institutional LPs such as Bpifrance, about 15 insurance companies and family offices. Most of these long-standing investors put even more money into the new fund. Digital Health 2 also
Alorsfaim, a Paris-based e-grocery company specialising in authentic and high-quality Asian food, has raised EUR4 million in seed funding, enabling the fast-growing start-up to continue its rapid expansion across the vast Asian community in France and Europe.
The round was led by iFly.vc with participation from Cathay Innovation and Goodwater Capital.
Founded in 2018, Alorsfaim initially started as a meal delivery platform collaborating with over 600 authentic Asian restaurants. In March 2020, during the most challenging period of the pandemic in France, the company launched its e-grocery delivery service to help sustain the Asian community’s access to products in high
Lafayette Square has selected Allvue Systems to provide its front-to-back-office solution. Lafayette Square is an impact investment platform founded by Damien Dwin that is working locally to create an inclusive American economy.
By investing capital and services locally, Lafayette Square aims to drive impact outcomes specific to the local community.
Allvue’s end-to-end technology is expected to streamline and automate Lafayette Square’s business functions to create operational efficiencies across the organisation and support further scalability. It also will enable the flow of data from portfolio management to investment accounting, saving time and empowering decision-making. The software will seamlessly integrate with
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