NVIDIA and Qualcomm Ventures have joined a coalition of U.S. and Indian investors backing India’s deep tech startups. The alliance comes alongside India’s new $12 billion research initiative aimed at building infrastructure-scale technology companies.
Nvidia is diving deep into India’s startup scene as a founding member of the $2 billion India Deep Tech Alliance. The chip giant will provide training and mentorship to emerging AI companies through its Deep Learning Institute. This comes as India prepares to host a major AI summit next year with gl
Germany’s Reflex Aerospace has closed a record €50 million Series A funding round, the largest in European New Space history. The funding comes as European governments commit tens of billions to space defense projects through 2030, with satellites being called Europe’s “Achilles heel.”
Rivian has created Mind Robotics, an industrial AI and robotics venture that’s already secured $110 million in external funding. This marks the electric vehicle maker’s second spinoff company this year following Also Inc in March.
Ilimex has raised €700,000 to tackle Avian Flu using its Flufence air sterilization technology. The startup is shifting from public spaces to the agri-food sector, targeting poultry and mushroom production.
Fit Collective, founded by Savile Row-trained designer Phoebe Gormley, has raised €3.4 million in pre-Seed funding. The platform uses AI to tackle fashion’s $230 billion sizing problem that drives massive returns. Major brands like Rixo and Boden are already using the technology to improve fit and p
EA promises creative freedom will remain intact after its massive $55 billion acquisition by Saudi Arabia’s PIF and Silver Lake. But can these assurances survive the financial pressures and political realities of the deal?
Andreessen Horowitz is pausing its Talent x Opportunity fund that supported underserved founders. The program backed over 60 companies with $175,000 investments and training since 2020.
The DuPont electronics division has spun off as Qnity Electronics, immediately earning Jim Cramer’s endorsement. This pure-play semiconductor materials company stands at the forefront of the AI infrastructure boom with deep industry partnerships and massive growth potential.
Indian fintech Pine Labs is taking a 40% valuation haircut for its IPO while pushing global expansion. Can its payments stack succeed internationally where others have struggled?
