Investments

Investments
Nirvana Raises $24.2 Million to Expand Health Insurance Verification Platform
September 13, 2024

Nirvana has raised $24.2 million in a Series A funding round to add more specialties to its platform that provides insurance verification and cost estimates to both healthcare providers and their patients. The platform leverages artificial intelligence to provide this information, saving time and money...

Investments
Report: UAE State-Backed Investment Company MGX Considers Investment in OpenAI
September 12, 2024

MGX, a United Arab Emirates (UAE) state-backed technology investment company, is reportedly considering participating in a multibillion funding round for OpenAI. The fund has not determined the size of its potential investment, the Wall Street Journal (WSJ) reported Thursday (Sept. 12). OpenAI is seeking $6.5 billion in funding...

Investments
Illuma Labs Raises $9 Million for Bank Voice Verification
September 12, 2024

Illuma Labs has raised $9 million to speed the development of its voice verification tools. The company, which makes voice authentication technology for banking contact centers, announced its series A funding round in a news release Thursday (Sept. 12), saying it would help banks address...

Investments
Form3 Raises $60 Million to Expand Account-to-Account Platform
September 12, 2024

Form3 completed a $60 million Series C extension and said it will use the new funding to develop new products and services and support the growth of its cloud-native account-to-account (A2A) platform in the United Kingdom, Europe and the United States. The company’s newest investor,...

Investments
Google Ventures-Backed Bounti Raises $16 Million for AI Teammate for Sales Teams
September 12, 2024

Bounti has come out of stealth and announced it raised $16 million in seed funding for its artificial intelligence (AI) teammate platform for sales, marketing and customer success teams. The company’s platform is designed to perform repetitive, non-revenue generating work that would otherwise be done by these...

Investments
VC Firm Upload Ventures Trades Credit FinTechs for AI Investments
September 11, 2024

Brazilian investment firm Upload Ventures is reportedly upping its artificial intelligence (AI) investments while avoiding credit FinTechs. That’s according to a Bloomberg News interview Wednesday (Sept. 11) with Carlos Simonsen, co-founder and managing partner of the venture capital (VC) firm. “There are a lot of...

Investments
Paymob Raises $22 Million to Expand in Egypt and GCC Countries
September 11, 2024

Financial services enabler Paymob raised another $22 million to expand its offering in its core market of Egypt and its newer markets in Gulf Cooperation Council (GCC) countries. The $22 million Series B extension round follows a $50 million initial Series B funding round in...

Investments
French Startup Neat Raises $55 Million for Embedded Insurance Offering
September 10, 2024

French embedded insurance startup Neat has raised 50 million euros (about $55 million). This total includes about 60% in equity and 40% in debt, TechCrunch reported Tuesday (Sept. 10). Neat helps retailers and other companies sell embedded insurance products to their customers, pays them a commission...

Investments
Citigroup Says Demand for High-Growth Stocks Could Benefit Tech Companies
September 10, 2024

A top Citigroup banker reportedly said that a handful of tech companies are considering going public on U.S. exchanges before the end of the year and that they could benefit from demand for high-growth stocks. Paul Abrahimzadeh, co-head of equity capital markets for North America at...