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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 3774004 | Tags:

Aramco expands global venture capital programme with $4 billion funds injection
Published: 19-04-2024 | 17:13:42 | By: Bob Koigi
It will take Aramco's overall venture capital allocation to $7.5bn, which also includes the $500 million venture capital fund Wa'ed Ventures that focuses on the start-up ecosystem in the Kingdom of Saudi Arabia.










The Batchery unveils its17th batch of innovative startups
Published: 26-10-2023 | 14:30:00 | By: Pie Kamau




Relocalize raises $2.5m seed round to decarbonize food & beverage manufacturing
Published: 10-10-2023 | 11:41:00 | By: Pie Kamau
Relocalize has raised $2.5m in the initial closing of $3.5m seed round.


STHL East Africa bets on demand for power tools to grow revenues
Published: 29-09-2023 | 13:30:00 | By: Bob Koigi
German power tools manufacturer, STIHL East Africa, has reported a significant increase in revenue in its first year of operation since upgrading its marketing office to a fully-fledged sales subsidiary.


UnitX raises $5m to elevate manufacturing quality with AI-powered defect detection
Published: 28-09-2023 | 15:20:00 | By: Pie Kamau
UnitX has announced a $5m investment from SE Ventures.


Hexagon announces nine startups set to transform manufacturing sustainability and digital reality
Published: 25-09-2023 | 14:49:00 | By: Pie Kamau
Hexagon has announced the nine startups chosen for its third Sixth Sense cohort.


STIHL East Africa set to introduce battered powered products
Published: 01-09-2023 | 14:00:00 | By: Bob Koigi
STIHL East Africa has announced plans to introduce battery powered products in the East African Market as the firm celebrates its one year anniversary in the region. 


SynBio startup Enzymit announces breakthrough in cell-free hyaluronic acid production
Published: 03-08-2023 | 14:03:00 | By: Pie Kamau
Enzymit announced its success in synthetically producing hyaluronic acid (HA).


Hexagon calls for startups to apply for its third Sixth Sense cohort
Published: 14-06-2023 | 15:50:00 | By: Pie Kamau
Hexagon's Manufacturing Intelligence division has announced a call for startups to apply for its third Sixth Sense cohort.


46VC invests in Exum Instruments' Series A funding round
Published: 31-05-2023 | 11:08:00 | By: Pie Kamau
FortySix Venture Capital (46VC), announced its strategic investment in Exum Instruments' Series A funding round.


Volition raises $11m to scale the world's largest industrial parts marketplace
Published: 25-05-2023 | 13:35:00 | By: Pie Kamau
Volition has announced an $11 million seed round led by Newark Venture Partners.


STIHL EA to invest Sh100 million to boost local manufacturing
Published: 16-05-2023 | 08:00:00 | By: Bob Koigi
Power tools manufacturer STIHL East Africa has announced it will invest Sh100 million in local accessories manufacturing every year as it seeks to localise its product development in the region.


Mitsubishi Electric’s Innovation Fund invests in Israeli cybersecurity startup SCADAfence
Published: 20-04-2023 | 14:17:58 | By: Bob Koigi
SCADAfence provides visibility to networks that support industrial systems and critical infrastructure, in an age where various types of malware, are threatening industrial systems and critical infrastructure, frequently shutting down their control systems and causing serious incidents.


Chinese electric truck startup DeepWay raises $117m Series A+ round to accelerate mass production of smart electric heavy-duty truck
Published: 28-03-2023 | 12:14:00 | By: Pie Kamau
DeepWay, a smart commercial vehicle developer and manufacturer, announced it had raised $117 million Series A+ financing.


Al-Abdullah Group invests $50m in Indian EV startup Kabira Mobility to accelerate growth
Published: 21-03-2023 | 11:42:00 | By: Pie Kamau
Kabira Mobility, a prominent electric bike manufacturer in India renowned for its KM3000 and KM4000 models, announced it has secured a $50 million investment from its strategic investor, Al-Abdulla Group (Qatar).


[Interview] Chris Okoro, CEO, Eunisell Interlinked, Nigeria
Published: 15-03-2023 | 12:14:00 | By: Pie Kamau
Chris Okoro is an entrepreneur and business strategist skilled in the Financial Services and Engineering sector. He's currently the Managing Director and CEO of Eunisell Interlinked, Nigeria.


[Column] Mark Wilson: The ERP and technology trends that will shape 2023
Published: 02-03-2023 | 10:31:00 | By: Pie Kamau
Following a year of disruption caused by Russia’s invasion of Ukraine, supply chain disruptions and record-breaking inflation, we look to the year ahead and what 2023 might have in store for manufacturers and distributors. 


IDTechEx explores nine startups innovating polymer additive manufacturing
Published: 10-02-2023 | 09:02:00 | By: Pie Kamau
Essential to understanding the evolution of the polymer 3D printing industry is exploring the change from low-cost printing technologies and materials to the slow growth and adoption of innovative polymer printing technologies.


Metal 3D printing startup Fabric8Labs closes $50m Series B financing for electrochemical additive manufacturing technology
Published: 08-02-2023 | 10:17:00 | By: Pie Kamau
Fabric8Labs, pioneer of electrochemical additive manufacturing, announced the close of a $50 million Series B investment round led by New Enterprise Associates (NEA).


Israeli startup aiOla raises $25m to interface natural language to AI solutions in traditional manufacturing
Published: 24-01-2023 | 12:13:00 | By: Pie Kamau
Israeli startup aiOla announced it has secured $25 million in funding led by New Era with the participation of Hamilton Lane and other investors.


Former CEO of BMW Manufacturing Knudt Flor joins South Carolina startup Delta Bravo
Published: 20-01-2023 | 08:54:00 | By: Pie Kamau
Retired BMW Manufacturing CEO Knudt Flor has been appointed to the newly created advisory board at predictive analytics company Delta Bravo Artificial Intelligence (Delta Bravo AI).


Nigerian agritech startup Releaf secures $3.3m pre-Series A funding, unveils new technologies to drive profitability for consumer goods manufacturers
Published: 09-01-2023 | 10:21:00 | By: Pie Kamau
Releaf, a Nigerian agritech startup, has raised $3.3 million in an oversubscribed pre-Series A funding round.


Season Group acquires IoT tech startup Pycom to give all connected ideas an opportunity to succeed
Published: 14-12-2022 | 08:59:00 | By: Pie Kamau
Season Group, an international electronics design and manufacturing services provider headquartered in Hong Kong, announced its acquisition of all assets of Pycom, a full stack Internet of Things (IoT) company.


Rosotics raises $750,000 pre-seed round for novel approach to heavy industry 3D printing
Published: 24-11-2022 | 08:49:00 | By: Pie Kamau
Rosotics, innovators in additive manufacturing, announced $750,000 in pre-seed funding led by Draper Associates.


Austrian deep-tech startup Sarcura closes €7m to develop next-generation cell therapy manufacturing platform
Published: 18-11-2022 | 11:53:00 | By: Pie Kamau
Austrian deep-tech startup Sarcura announced the closing of an oversubscribed €7 million Seed Plus funding round to develop a next-generation cell therapy manufacturing platform.


[Forum] Promoting investment flows from South Korea to Vietnam
Published: 31-10-2022 | 10:09:00 | By: Pie Kamau
South Korea has been, is, and will be the leading investor in Vietnam. The two parties can cooperate to achieve "Dual Goals" of US$100 billion in bilateral trade and total investment in the near future.


Japanese startup SUN METALON raises $5.6m funding to democratize metal 3D manufacturing
Published: 25-10-2022 | 13:36:00 | By: Pie Kamau
SUN METALON, a Japanese startup developing a metal 3D printer, announced the procurement of $5.6 million in its pre-series A funding round.


German manufacturer The Stihl Group enters Kenyan market
Published: 11-08-2022 | 12:00:00 | By: Bob Koigi
The subsidiary dubbed Stihl East Africa will be its Eastern Africa hub servicing countries that include Kenya, Uganda, Tanzania, DRC, Rwanda, and Burundi among others.


Kenyan mobile commerce startup Copia unveils manufacturing unit for sugar and rice production
Published: 08-08-2022 | 09:48:39 | By: Pie Kamau
Copia Global, a Kenyan-based mobile commerce platform has unveiled a new manufacturing unit to enhance its output of affordable sugar and rice to the Kenyan market.


London-based startup Geomiq raises $8.5m to digitize manufacturing and deliver industry leading service levels
Published: 28-07-2022 | 11:32:00 | By: Pie Kamau
London-based startup Geomiq announced it has raised $8.5 million funding to digitize global manufacturing and deliver industry leading service levels for Engineers and Procurement teams.


Virginia-based fashion tech startup Circ raises $30m funding to expand recycle clothing, eliminate waste
Published: 19-07-2022 | 14:39:00 | By: Pie Kamau
The circular fashion company Circ announced over $30 million in Series B funding backed by some of the largest international apparel companies and venture capital firms.


Simplifyber secures $3.5m seed investment to reinvent how clothing is made with sustainable, advanced Manufacturing
Published: 06-07-2022 | 13:40:00 | By: Pie Kamau
Simplifyber, the creator of the world's first fully-molded garment and shoe uppers made directly from a cellulose-based liquid, announced the closing of a $3.5 million round of seed funding.


TDK Ventures joins forces with VueReal to accelerate microprinting for microLED
Published: 22-04-2022 | 13:39:00 | By: Pie Kamau
TDK Corporation announced that subsidiary TDK Ventures, has invested in microLED developer VueReal Inc. to accelerate and develop their microprinting manufacturing process.


Canadian tech startup Calico secures $2.1m to revolutionize modern supply chains
Published: 09-03-2022 | 09:50:00 | By: Pie Kamau
Calico, the developer of the first AI-powered smart supply chain management platform, announced it has raised $2 million in seed funding. The growth financing is led by Serena Ventures following 300% growth since January 2022.


Manufacturing technology startup OPT Industries raises $15m to address demand for novel materials design and production
Published: 02-03-2022 | 12:52:00 | By: Pie Kamau
OPT Industries, the manufacturing technology startup behind the InstaSwab high-efficacy medical applicator, announced it has raised $15 million in Series A financing.


London-based Bramble Energy closes £35m to fund its hydrogen fuel cell technology
Published: 14-02-2022 | 10:33:00 | By: Pie Kamau
London-based fuel cell company Bramble Energy has closed a £35 million investment round to help further expand its game changing capabilities in solving key challenges in the production and implementation of hydrogen fuel cell stacks.


Wellington-based metal casting startup Foundry Lab emerges from stealth, raises $8m Series A round
Published: 30-11-2021 | 12:43:00 | By: Pie Kamau
Digital metal casting startup Foundry Lab emerged from stealth, announcing a $8 million Series A raise led by Blackbird and showcasing its ability to create functional metal parts in less than a day.


P&G Ventures invites entries for its next Innovation Challenge
Published: 29-10-2021 | 16:05:09 | By: Pie Kamau
P&G Ventures, the early-stage startup studio within Procter & Gamble, announced the call for entries for its next Innovation Challenge.


JICA kicks off 2nd Cohort of its NINJA Accelerator in Kenya
Published: 28-10-2021 | 16:35:00 | By: Pie Kamau
The NINJA Accelerator in Kenya, powered by Japan International Cooperation Agency (JICA) in partnership with Double Feather Partners, Deloitte Tohmatsu and Kenyan implementation partner GrowthAfrica, is kicking off its 2nd cohort with five tech-enabled Kenyan startups.


Berlin-based startup Made of Air raises €5m seed round to make thermoplastics for Audi, H&M Group and other companies
Published: 08-10-2021 | 13:54:00 | By: Pie Kamau
Made of Air, the carbon negative materials startup that turns wood waste into thermoplastics, announced a €5 million in seed funding, led by Norwegian sustainability-focused family fund.


TDK Ventures invests in seed round for dry lithium-ion electrode manufacturing startup, AM Batteries
Published: 21-09-2021 | 09:45:00 | By: Pie Kamau
TDK Corporation announced that subsidiary TDK Ventures has invested in AM Batteries (AMB) to support the commercialization of its dry electrode coating technology that improves the manufacturing of lithium-ion batteries.


Workwear startup BRUNT raises $8.4m Series A funding to accelerate growth
Published: 15-09-2021 | 15:54:00 | By: Pie Kamau
BRUNT Workwear, a modern work boot and apparel brand designed for today's construction workers and tradespeople, closed an $8.4 million Series A round to accelerate its growth and meet demand as the company disrupts a $12 billion-dollar category in the US.


Ghanaian startup Plendify launches B2B e-Commerce marketplace
Published: 17-08-2021 | 12:29:00 | By: Pie Kamau
Ghanaian startup Plendify has launched a B2B e-Commerce marketplace to connect customers with small and large African wholesalers, manufacturers, exporters, and importers.


Tech executive Mark Bregman launches Quidnet Ventures, a venture capital fund based in New Zealand
Published: 03-08-2021 | 12:41:00 | By: Pie Kamau
Mark Bregman, a successful tech executive and entrepreneur, has launched Quidnet Ventures, a venture capital fund based in New Zealand and operated out of New Zealand, San Francisco and New York City.


Lithium-ion battery recycling and manufacturing startup Battery Resourcers appoints Kelly Kay to its Board of Directors
Published: 28-07-2021 | 15:20:00 | By: Pie Kamau
Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing startup announced the appointment of Kelly Kay to its Board of Directors.


TDK Ventures backs metal additive manufacturing startup, Fabric8Labs
Published: 21-07-2021 | 13:21:00 | By: Pie Kamau
TDK Corporation announced that subsidiary TDK Ventures Inc. will back Fabric8Labs, marking its second investment in the additive manufacturing space and first in metal printing.


Tech startup COSMO Technologies secures funding, announces new product launch
Published: 24-06-2021 | 12:32:00 | By: Pie Kamau
COSMO Technologies, a first-of-its-kind family technology design and manufacturing company, announced the closing of its Pre-Seed funding round.


Cirona Labs startup raises $1.5m in oversubscribed seed round for expansion
Published: 09-06-2021 | 16:30:00 | By: Pie Kamau
Cirona Labs, a premier innovator in cannabinoids and other functional botanical ingredient manufacturing, announced that it closed an oversubscribed $1.5 million seed round led by LiDestri Food & Drink, BevSource, and Sweetener Supply.


Manufacturing AI startup ExLattice joins NVIDIA Inception
Published: 26-05-2021 | 16:30:00 | By: Pie Kamau
ExLattice announced it has joined NVIDIA Inception, a program designed to nurture startups revolutionizing industries with advancements in AI and data sciences.


Chinese AI robotics startup Mech-Mind completes Series C funding
Published: 24-05-2021 | 14:31:35 | By: Pie Kamau
Chinese AI industrial robotics startup, Mech-Mind Robotics (Mech-Mind), completed Series C funding led by tech giant Meituan, bringing Mech-Mind's total funding to over $100 million, making Mech-Mind one of the world's most funded AI+ industrial robotics startups.


University of Michigan's Desai Accelerator invests in four startups to launch 2021 cohort
Published: 19-05-2021 | 10:14:00 | By: Pie Kamau
The Desai Accelerator, a University of Michigan accelerator open to early-stage alumni startups, announced the four companies accepted into its 2021 cohort.


Kenya paint manufacturer Crown Paints announces COVID-19 safety net initiative
Published: 21-04-2021 | 09:00:00 | By: Bob Koigi
A recent study on how Covid-19 had caused an economic toll in nine countries, including Kenya, shows that 45 percent of people were forced to miss or reduce meals.


Phantom Space Corporation startup raises $5m seed funding to revolutionize space transportation
Published: 15-04-2021 | 10:02:00 | By: Pie Kamau
Phantom Space Corporation, a space transportation technology development and manufacturing company, announced the raise of $5 million in seed investment funding to make space commerce commonplace and to lower the barriers to space access.


Lithium-ion battery recycling and manufacturing startup Battery Resourcers raises $20m Series B funding
Published: 12-04-2021 | 13:33:00 | By: Pie Kamau
Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, completed a $20 million Series B equity round.


Digital marketing startup Rollick secures $8.5m in funding
Published: 05-03-2021 | 11:49:00 | By: Pie Kamau
Rollick Inc., which operates the GoRollick Powersports, RV, and Boat Buying Program Marketplace, announced the closing of $8.5 million in funding.


Chevron invests in carbon capture and utilization startup Blue Planet
Published: 15-01-2021 | 11:01:40 | By: Pie Kamau
Chevron Corporation announced a Series C investment in San Jose-based Blue Planet Systems Corporation (Blue Planet), a startup that manufactures and develops carbonate aggregates and carbon capture technology.


FemTech startup OCON Healthcare completes funding, appoints Anula Jayasuriya as Chairwoman
Published: 22-12-2020 | 12:45:00 | By: Pie Kamau
OCON Healthcare announced it has completed a USA-focused funding round led by Rhia Ventures, to bring its IUB Ballerine contraceptive and IUB SEAD point-of-care therapy for Abnormal Uterine Bleeding (AUB), to the US market.


Fashion tech startup uSizy helps UK retailers brace for record sales of £28 billion this Christmas
Published: 22-12-2020 | 12:23:00 | By: Pie Kamau
In the wake of recent retail closures across the UK, fashion technology startups are delivering much-needed innovation to help merchants maximise online sales and optimise unprecedented digital demand this Christmas.


Heathtech startup Blueprint secures $3.4m to empower mental health clinicians provide data-driven patient care
Published: 18-12-2020 | 12:59:00 | By: Pie Kamau
Blueprint, the software company helping mental health clinicians deliver more effective, efficient, and personalized results through measurement-based care, announced a $3.4 million seed round led by Bonfire Ventures.


AI video game wagering startup PLLAY launches MicroVentures campaign, builds on $3m seed round
Published: 18-12-2020 | 12:20:00 | By: Pie Kamau
PLLAY, a skill-based video game wagering platform, officially launched a campaign on MicroVentures, an equity-based crowdfunding website, opening an investment opportunity to the public.


SnapAP secures new equity investment financing led by Israel-based angel group
Published: 18-12-2020 | 11:56:45 | By: Pie Kamau
Snap Accounts Payable Corporation announced it has completed the first stages of a planned $2 million Seed Stage round of financing being led by a group of angel investors all located in Israel.


Social impact startup Deed announces $2m fundraise, launch of SaaS technology for brands
Published: 18-12-2020 | 11:32:00 | By: Pie Kamau
Social impact platform Deed announced a $2 million seed round and the launch of its SaaS technology for brands. Launch partners include Stripe and Sweetgreen, among other trailblazing and legacy companies.


Singapore-based blockchain startup AnRKey X lists native token $ANRX on Bithumb Global and Uniswap
Published: 18-12-2020 | 11:20:00 | By: Pie Kamau
Singapore-based blockchain startup, AnRKey X, announced that $ANRX will be listed on both Bithumb Global and Uniswap.


Indie beauty startup Green Bee Botanicals wins Best Serum in international clean beauty awards
Published: 17-12-2020 | 16:21:20 | By: Pie Kamau
San Francisco-based indie cannabis beauty startup Green Bee Botanicals won 'Best Serum' for its CBD-rich Perfecting Serum in the 2020 Dirty Thinkers' Choice Awards.


Plug and Play partners with SEDA to establish first-mile innovation hub in Savannah, GA
Published: 17-12-2020 | 16:05:00 | By: Pie Kamau
Plug and Play, the Silicon Valley based venture capital firm and corporate innovation platform, announced its partnership with the Savannah Economic Development Authority (SEDA) to establish a First-Mile Logistics innovation hub in Savannah, GA.


GSVlabs rebrands to OneValley to help startup communities pivot online
Published: 17-12-2020 | 15:42:00 | By: Pie Kamau
GSVlabs has rebranded as OneValley following the unprecedented growth of Passport, its online platform that expands access to the resources and connections traditionally found in Silicon Valley to innovators anywhere in the world.


Biotech startup TurtleTree Labs raises $6.2m in Pre-A funding round
Published: 17-12-2020 | 15:26:00 | By: Pie Kamau
TurtleTree Labs, a biotech company pioneering the method to produce milk using cell-based technology, announced the close of an oversubscribed $6.2 million Pre-A funding round from new and existing global investors.


Australian AI startup HIVERY partners with JR East Water Business to optimize vending machines in Japan
Published: 16-12-2020 | 15:52:24 | By: Pie Kamau
Retail AI pioneer, HIVERY and JR East Water Business, have agreed to rollout HIVERY Enhance, an AI-driven vending machine optimization solution, to 6,000 vending machines across East Japan Railway's train stations.


54gene, Kobo360, myFanPark, Sokowatch among 12 startups to win AppsAfrica Awards 2020
Published: 16-12-2020 | 15:29:00 | By: Pie Kamau
54gene, Kobo360, myFanPark and Sokowatch have been named among the 12 winners of AppsAfrica Awards 2020. The awards celebrates the best startups in mobile and tech from across Africa.


Minnesota-based healthtech startup Ōmcare raises $2.5m for commercialization
Published: 16-12-2020 | 14:50:00 | By: Pie Kamau
Ōmcare, a Minnesota-based digital health company, announced a $2.5 million investment along with future follow-on investments for its Ōmcare Home Health Hub commercialization.


[Startup Interview]  Julien Morin, CEO, Wiboot, France
Published: 16-12-2020 | 10:07:00 | By: Bob Koigi
Wiboot is a French-based startup that combines IOT and AI different stacks in a single integrated platform, allowing professionals to create rapidly their application and maximize their return on investment.


African startup StarNews Mobile secures first funding from Investisseurs & Partenaires
Published: 15-12-2020 | 14:34:32 | By: Pie Kamau
African startup StarNews Mobile, specialized in the field of mobile video, achieved its first fundraising with Investisseurs & Partenaires, a pioneering impact investing group dedicated to small and medium-sized enterprises in Sub-Saharan Africa.


Helios partners with BIM to invest in BIM’s Moroccan business
Published: 15-12-2020 | 11:08:00 | By: Pie Kamau
Helios Investment Partners, Africa-focused private investment firm, announced a partnership with BİM BİRLEŞİK MAĞAZALAR (BIM), discount grocery retailer in Turkey listed on the Borsa İstanbul, to invest in BIM’s Moroccan business.


Healthtech startup Ilara Health raises $3.75m to provide life-saving diagnostics across sub-Saharan Africa
Published: 15-12-2020 | 10:36:00 | By: Pie Kamau
Ilara Health, a healthtech startup focused on bringing essential, affordable and life-saving diagnostics to African consumers, raised $3.75 million in Series A funding to expand its diagnostic reach across the continent.


[Startup Interview] James Adebisi, Founder, Xpora Academy, Nigeria
Published: 15-12-2020 | 09:41:00 | By: Bob Koigi
Xpora Academy is a Nigeria-based e-learning platform that equips the youth with in-demand digital skills relevant to the present and future of work.


HexGn, AFRIEF launch startup program to accelerate African youth careers
Published: 15-12-2020 | 08:59:00 | By: Pie Kamau
HexGn, a consulting firm known for fast-tracking entrepreneurship and upcoming technologies globally, has joined hands with the Africa Islamic Economic Foundation (AFRIEF), to launch its flagship startup program, HexGn Startup Explore, in Africa.


InfraCredit secures $27m investment to unlock infrastructure finance in Nigeria
Published: 14-12-2020 | 16:56:00 | By: Pie Kamau
InfraCredit, a specialised local currency infrastructure credit guarantee institution, announced the completion of $27 million equity investment from InfraCo Africa.


Smart video interview startup raises $5m to bring recruitment process into the video age
Published: 14-12-2020 | 16:28:00 | By: Pie Kamau
myInterview, a smart video interview platform prioritizing personality in the hiring process, announced a $5 million Seed round led by Aleph, with participation from previous investors Entrée Capital and SeedIL Ventures.


Danish legaltech startup Contractbook raises $9.4m to accelerate data-driven document automation
Published: 14-12-2020 | 16:05:00 | By: Pie Kamau
Contractbook, a legal tech automation company based in Copenhagen, Denmark, announced it has closed on a $9.4 million Series A investment round, led by Bessemer Venture Partners with participation from existing investors.


New York-based proptech startup Stuf raises $1.8m to reimagine self-storage for modern users
Published: 14-12-2020 | 15:03:00 | By: Pie Kamau
Self-storage startup Stuf raised $1.8 million in seed funding led by Wilshire Lane Partners and Harlem Capital, to accelerate company's first mover advantage in monetizing underutilized real estate.


Exceed.ai raises $4m for AI assistant to automatically qualify marketing leads
Published: 11-12-2020 | 15:23:00 | By: Pie Kamau
Exceed.ai has raised $4 million in funding for its AI-powered assistant that helps companies scale their marketing and sales operations by automatically qualifying leads through email, webchat, and SMS.


Cybersecurity startup Kapalya closes seed funding round to further enhance its Encryption Management Platform
Published: 11-12-2020 | 15:07:15 | By: Pie Kamau
Kapalya, an enterprise grade cybersecurity startup, closed seed funding round led by Caltrop Holdings, a global holdings company, headquartered in Irvine, California, USA.


Canadian City MOGULS launches online startup pitch competition
Published: 11-12-2020 | 14:20:00 | By: Pie Kamau
Toronto-based City MOGULS lauched Moguls in The Making, an opportunity for startups to pitch their business in front of a panel of expert judges and live audience on December 16, 2020.


Plug and Play launches new office in Chicago, Illinois
Published: 11-12-2020 | 13:53:00 | By: Pie Kamau
Global innovation platform, Plug and Play, announced its newest location in Chicago, Illinois, to focus on connecting startups, corporations, and investors working on innovating the food and beverage industry.


Remote work startup Turing.com announces $32m Series B financing
Published: 11-12-2020 | 13:26:00 | By: Pie Kamau
Turing.com, an automated platform that lets companies hire Silicon Valley caliber remote developers at the touch of a button, announced a $32-million Series B funding round led by $3.3-billion fund WestBridge Capital.


Industrial AI solutions startup MakinaRocks joins NVIDIA Inception
Published: 11-12-2020 | 12:42:40 | By: Pie Kamau
MakinaRocks, a startup based in Seoul and Silicon Valley, specializes in the emerging field of industrial AI software with a primary focus on anomaly detection and intelligent control technology.


2112 announces Comcast Business startup studio to support small business in Chicago
Published: 09-12-2020 | 15:51:00 | By: Pie Kamau
2112 has partnered with Comcast Business on the development of a Startup Studio, with additional support provided by Shure, Wintrust, Hughes Foundation, and Karp Designs.


Mobility technology startup Ettifos unveils world's first SDR-based 5G NR V2X solution
Published: 09-12-2020 | 15:38:44 | By: Pie Kamau
Ettifos, a U.S.-based connected mobility technology startup, released the world's first software-based 5G NR V2X (Vehicle-to-Everything). Ettifos' technology eclipses that of Qualcomm, the world's largest communication chipset company, by about one year.


Nigerian logistics startup Kobo360, IFC invite for innovative cooling solution projects in Nigeria
Published: 09-12-2020 | 08:58:00 | By: Pie Kamau
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, announced an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria.


Cross-platform Mod and UGС service mod.io raises $4m led by Makers Fund and Sequoia's Surge
Published: 08-12-2020 | 14:12:00 | By: Pie Kamau
Makers Fund, a global venture capital fund specializing in interactive entertainment, announced a $4 million seed round for mod.io, a cross-platform UGC and modding service based in Melbourne, Australia.


Canadian medtech startup Kenota Health raises $11m to bring point-of-care allergy testing to healthcare clinics
Published: 08-12-2020 | 13:59:00 | By: Pie Kamau
Kenota Health, an innovative medical technology company based in Canada, has raised $11 million in funding with the aim of providing rapid and reliable allergy testing for physicians to test and treat more patients within a single clinic visit.


Healthcare startup Centivo raises $34m to help employers deliver affordable, high-quality healthcare to their employees
Published: 08-12-2020 | 13:36:00 | By: Pie Kamau
Centivo, a new type of digital health plan that is built to save 15% or more compared with traditional insurance carriers and is easy to use for employers and employees, announced it has raised $34 million in Series B funding.


Cybersecurity startup Intezer launches community edition of Intezer Protect
Published: 08-12-2020 | 12:59:00 | By: Pie Kamau
Cybersecurity startup, Intezer, launched the free community edition of Intezer Protect, a runtime Cloud Workload Protection Platform (CWPP).


South Korean blockchain e-contract startup FirmaChain announces partnership with DTT Alliance
Published: 07-12-2020 | 19:50:00 | By: Pie Kamau
South Korea based FirmaChain, a blockchain-based global electronic contract platform, announced it has joined the DTT Alliance (Decentralized Trusted Timestamping Alliance).


Cincinnati-based startup Pay Theory launches new purpose-built payment solution for education
Published: 07-12-2020 | 19:39:00 | By: Pie Kamau
Pay Theory, a Cincinnati-based startup, launched a new payment processing platform with the mission of making school fees and payments straightforward for all involved parties: families, educators, and administrators.


Nigerian Fintech startup CredPal raises $1.5m funding round
Published: 07-12-2020 | 19:24:00 | By: Pie Kamau
Nigerian consumer credit startup CredPal raised a $1.5million funding round, as the startup prepares to launch its credit cards for consumers in Nigeria.


South African tech startup LetMeIn.to raises R2.2m to scale its visitor and access management platform
Published: 07-12-2020 | 19:16:00 | By: Pie Kamau
South African tech startup LetMeIn.to raised R2.2 million in funding from an undisclosed impact investor to scale up and expand its visitor and access management platform.


Climatetrade announces partnership with Algorand and Investment from Borderless Capital
Published: 04-12-2020 | 14:08:23 | By: Pie Kamau
Climatetrade, a blockchain-marketplace for CO2 carbon offsetting, announced it will leverage the Algorand, a scalable, secure and decentralized digital blockchain technology network to bring its technology to the next level.


Scale Venture Partners announces close of new $600m fund
Published: 04-12-2020 | 13:50:00 | By: Pie Kamau
Scale Venture Partners announced it has closed Scale Venture Partners Fund VII with $600 million in committed capital.


Cinch Home Services partners with insurance technology startup GloveBox to simplify home management
Published: 04-12-2020 | 13:37:00 | By: Pie Kamau
Cinch Home Services (Cinch), provider of home service solutions, has partnered with GloveBox, an insurance technology that allows policyholders to manage all of their insurance in a single, centralized digital platform.


AI-powered home maintenance startup Dobby secures $1.7m in seed round to accelerate growth
Published: 04-12-2020 | 13:22:00 | By: Pie Kamau
Dobby, an AI-powered home maintenance platform announced its seed capital raise of $1.7 million, to strengthen the company's growth initiatives.


South African startup myFanPark merges with Starsona to create a global celebrity engagement platform
Published: 04-12-2020 | 11:19:00 | By: Pie Kamau
South African startup myFanPark has announced its merger with Silicon Valley-based celebrity engagement platform Starsona.


[Startup Interview] Marcin Kierdelewicz, Founder, Biami.io, UK
Published: 04-12-2020 | 08:21:00 | By: Bob Koigi
Biami.io is a London tech startup that uses its own intelligent automation software framework to help customers build business process-driven software, platforms and robots to run their business processes at scale. The startup’s founder Marcin Kierdelewicz elaborates.


Datawords, French startup FACIL'iti join forces to promote digital inclusion
Published: 03-12-2020 | 15:16:00 | By: Pie Kamau
The Datawords Group, a global leader in multicultural technologies, announced the launch of a partnership with FACIL'iti, a French startup offering digital inclusion solution capable of adapting the display of a website to the needs of each internet user.


Mexican gig worker startup Heru raises $1.7m in seed financing
Published: 03-12-2020 | 15:03:00 | By: Pie Kamau
Heru, a new startup that provides the first comprehensive digital worker service platform in Mexico, announced it has raised a $1.7 million pre-seed venture financing.


Tech startup Fylamynt launches with $6.5m seed to automate cloud workflows
Published: 03-12-2020 | 14:36:00 | By: Pie Kamau
Fylamynt, a cloud automation platform, announced its launch with $6.5 million in seed funding led by Gradient Ventures, Google's AI-focused fund, with additional investment from Mango Capital and Point72 Ventures.


Plug and Play Japan selects 103 startups for its Winter/Spring 2021 Batch accelerator program
Published: 03-12-2020 | 14:16:00 | By: Pie Kamau
Plug and Play Japan has selected 103 startups in IoT, Fintech, Insurtech, Mobility, Brand & Retail, Hardtech & Health, and newly launched vertical, Smart Cities, for the Winter/Spring 2021 Batch accelerator program.


Cloud-based startup Segmed raises $2m to advance dataset sharing for medical AI
Published: 02-12-2020 | 15:14:00 | By: Pie Kamau
Segmed, a cloud-based platform that curates medical data by anonymizing, standardizing and labeling, to accelerate innovation in healthcare, closed $2 million dollars in seed funding led by Blumberg Capital.


Plant-based activewear startup TVAAG launches on Kickstarter
Published: 02-12-2020 | 15:03:49 | By: Pie Kamau
Plant-based activewear startup TVAAG announced its launch on on Kickstarter. Founded in P.E.I in 2020, TVAAG uses a combination of Indian traditional textile manufacturing principles and modern fabric technology in sustainable fashion.


AirDeck raises $3.4m to transform communication, add voice and video narration to documents and presentations online
Published: 02-12-2020 | 14:43:00 | By: Pie Kamau
AirDeck, Inc., an online platform that helps users create narrated presentations and documents for on-demand viewing, has raised $3.4 million in venture capital funding.


Atento's innovation hub launches startup accelerator program and open innovation platform in the U.S
Published: 02-12-2020 | 14:25:00 | By: Pie Kamau
Atento, the largest customer relationship management and business process outsourcing services provider in Latin America, and among the top five companies globally, announced the launch of two programs within the Company's Innovation Hub.


[Startup Interview] Alexander Hotz, Co-Founder, Talenter, Germany
Published: 02-12-2020 | 11:56:00 | By: Bob Koigi
Talenter is a fully tradable crypto currency that offers people access to any type of service and course globally, from low-specialized jobs like lawn mowing or dishwashing to highly qualified services like translation or wood carving.


Video game wagering startup PLLAY secures $3m seed round to accelerate growth
Published: 01-12-2020 | 12:49:00 | By: Pie Kamau
PLLAY, a skill-based video game wagering platform, has closed a $3 million seed funding round led by Screen Play Ventures.


Pet supply startup Petpal raises capital via equity crowdfunding to expand e-Commerce operations in India
Published: 01-12-2020 | 12:29:00 | By: Pie Kamau
Pet supply startup Petpal has developed a one-stop platform for pet owners to get the food, medicine, and accessories they need to keep their pets happy and healthy.


Innovative startup Sell&Buy USA launches online marketplace exclusively for American-made products
Published: 01-12-2020 | 12:10:00 | By: Pie Kamau
Innovative startup Sell&Buy USA has launched an online marketplace exclusively for American-made products, co-founded by tech entrepreneurs Kiché Rubalcava and Mariam Bulin-Diarra.


Dutch cyber security startup EclecticIQ raises €20m Series C funding for expansion
Published: 01-12-2020 | 11:26:00 | By: Pie Kamau
EclecticIQ, a global threat intelligence, hunting and response technology provider, has raised €20 million in Series C financing, led by Ace Management, Europe's leading cyber growth investor.


Community app Malaeb joins MENA's sportstech accelerator, Vooora
Published: 01-12-2020 | 07:31:00 | By: Pie Kamau
Vooora Ventures, the first SportsTech Accelerator in MENA, powered by Kooora.com, the digital sports platform in the Arab World, signed an acceleration partnership agreement with Malaeb, a community app that connects people through sports.


New manufacturing startup JTEC Energy announces the close of its initial seed round
Published: 30-11-2020 | 14:33:00 | By: Pie Kamau
New manufacturing startup JTEC Energy announced it closed on an initial seed fundraising round, to hire additional scientists and engineers in order to accelerate the development of the the company.


Dutch tech startup Avy completes successful test flight with first solar fixed-wing drone
Published: 23-10-2020 | 11:46:00 | By: Pie Kamau
Dutch solar drone manufacturer Avy announced a successful test flight of its first solar fixed-wing drone, equipped with custom solar foil developed by Wattlab to reflect and absorb more sunlight.


IRI acquires supply chain analytics provider, RSi
Published: 13-10-2020 | 13:20:23 | By: Bob Koigi
IRI, a global company in innovative solutions and services for consumer, CPG, retail and media companies, has acquired Retail Solutions, Inc. (RSi), a provider of supply chain solutions for CPG manufacturers and retailers.


Seegrid acquires Box Robotics to boost deep learning in manufacturing space
Published: 08-10-2020 | 14:44:44 | By: Bob Koigi
Seegrid Corporation has acquired Box Robotics, a mobile robotics startup bringing high-definition maps, three-dimensional LiDAR, and deep learning to the warehouse and manufacturing space.


Legendary Ventures invests in Elon Musk's SpaceX
Published: 23-09-2020 | 13:34:00 | By: Pie Kamau
Legendary Ventures announced an investment in Space Exploration Technologies Corp. (SpaceX) through its Series N funding round.


South Korean healthcare startup WellsCare signs in-store contract with b8ta for IASO
Published: 21-09-2020 | 14:00:35 | By: Pie Kamau
WellsCare, a member company of the Born2Global Centre, signed a store contract with b8ta, a famous American flagship store that is dedicated to innovative products.


IME Medical Electrospinning secures €3m financing from Dutch VCs to expand its Medispin XL production platform
Published: 14-09-2020 | 12:37:00 | By: Pie Kamau
IME Medical Electrospinning, a global leader in electrospun medical devices and regenerative medicine, announced it has successfully raised €3 million in equity financing and debt.


Smart consumer technology startup Dreame raises $14.6m in Series B+ funding
Published: 07-09-2020 | 16:16:00 | By: Pie Kamau
Dreame Technology (Dreame), a smart consumer technology company specializing in cordless vacuum cleaners, robot vacuum cleaners and mops, announced it raised $14.6 million in its Series B+ funding led by IDG Capital.


Tech startup MITO Material Solutions announces oversubscribed $1m Series Seed funding round
Published: 31-08-2020 | 15:44:00 | By: Pie Kamau
MITO Material Solutions, a cutting edge developer of additives that enable polymer manufacturers to enhance product performance, announced an oversubscribed $1 million Series Seed funding round.


[Startup Interview] Mangaldas Gupta, CEO, Magma Ash Tech, India
Published: 13-08-2020 | 12:13:00 | By: Bob Koigi
Magma Ash Tech is an Indian startup involved in the procurement, processing and export of Flyas, one of the residues produced during combustion of coal. Fly ash is used mainly as a bonding agent mainly in cement plants, ready mix concrete units, manufacture of blocks, bricks and boards.


[Startup Interview] Kaxton Kabogoza, Founder, Kenda Interlocking Bricks, Kenya
Published: 08-08-2020 | 09:43:09 | By: Bob Koigi
Kenda Interlocking Bricks is a Kenya start up in the manufacturing sector that is championing the use of eco-friendly and affordable construction materials as it seeks to bridge the housing deficit in Kenya and the East African region. Engineer Kaxton Kabogoza the founder explains.


U.S. electric-vehicle startup Fisker completes $50m private financing to launch its Ocean all-electric luxury SUV in 2022
Published: 09-07-2020 | 15:04:00 | By: Pie Kamau
Fisker, designer and manufacturer of the world’s most emotionstirring, eco-friendly electric vehicles and advanced mobility solutions announced the successful completion of a $50 million Series C financing round.


Luxembourg startup Wizata secures €2.7 million financing to digitize manufacturing with AI
Published: 04-06-2020 | 15:27:00 | By: Bob Koigi
Wizata, the Industry 4.0 Artificial Intelligence (AI) startup from Luxembourg, has raised €2.7 million from the original founders.