Browsing: Raises

Pennylane SAS, a Paris-based provider of accounting software, today announced that it has raised $204 million in late-stage funding from a consortium led by TCV.

Developers detest drudgery. The entire field of programming is proof of how hard people will work to automate away the boring tasks involved in building things. And, as vibe coding has proved, they’ve even managed to find ways to not do most of the work in putting products together.

Kraft Heinz Co. raised its annual forecasts after posting better-than-expected results in the second quarter. The CPG company said it would increase investment to build on efforts to revive the business and regain market share

The defence-tech boom has a new marker. Hadrian builds automated factories for the Pentagon and its contractors. Founded in 2021, it has announced a $1.37bn Series D that values it at $7.87bn. In January the same company was worth $1.6bn.

Malachyte Co-Founders Ian Anderson (CTO), Shivaditya Sinha (COO) and Sidd Motwani (CEO)

Aleph, one of Israel’s top funds, is backing a new artificial intelligence-native venture studio with $6 million in pre-seed funding so it can build and launch dozens of new software startups by the end of the year. The studio is called Inevitable AI Group, and its co-founders Nimrod Lehavi (pictured, left) and Ofer Bar-Or (right)…

Faye, the AI-powered travel protection platform known for its award-winning app and near-instant claims payouts, has raised $50m in a Series C funding round, taking its total funding to $100m.