Month: February 2024
Anti-child labour funding start-up smashes targets with oversubscribed seed funding round.
- Anti-child labour start-up, Hace: Data Changing Child Labour, closes oversubscribed seed funding round of £450,000
- Funding led by Manchester Angels with co-investments from GC Angels, Ada Ventures, Found Capital, and individual angels
- Capital to be used for developing Child Labour Index product to help wealth and asset managers identify and engage with businesses at risk
- Plans to grow independent business advisory board and research into child labour as an investment risk
- Board of directors includes industry experts such as Eric Solomons and John Freeman, with CEO Eleanor Harry expressing gratitude for support
Introduction: Anti-child Labour Start-Up Secures Oversubscribed Seed Funding
Hace: Data Changing Child Labour, a Manchester-based start-up, has successfully closed an oversubscribed seed funding round, receiving £450,000 in funding to further its mission of combating child labour in business supply chains. Read more
Figure AI Funding Soars to $675M in Series B, Sets Sights on Humanoid Robotic Advancements
- Figure AI secures a groundbreaking $675M in Series B funding from tech giants, advancing humanoid robotics for commercial use
- Backed by Microsoft, OpenAI, Jeff Bezos, NVIDIA, Amazon, Intel Capital, and ARK Invest, the funding propels Figure AI to a $2.6 billion valuation
- The company’s Figure 01 humanoid, developed by a team from Boston Dynamics, shows potential in addressing labor shortages in challenging sectors
- Collaboration with OpenAI and Microsoft Azure aims to enhance AI models tailored for humanoid robots, accelerating technological progress
- Despite challenges like cost reduction and achieving artificial general intelligence, the market potential for humanoid robots is projected to reach $38 billion by 2030
Figure AI Secures $675M in Series B Funding
In a groundbreaking move that is set to revolutionize the field of robotics, Figure AI has secured a massive $675 million in Series B funding. Read more
Data Privacy Solutions Pioneer, Silence Laboratories, Secures Impressive $4 Million in Funding
- Tech startup Silence Laboratories secures $4 million in funding for data privacy solutions, co-led by Pi Ventures and Kira Studio
- Founded in 2021 by Jay Prakash and Andrei Bytes, specializing in privacy technology and collaborative computation
- Funds will be used to advance technologies and scale up tech and business teams for global privacy-compliant collaboration infrastructure
- Utilizes cutting-edge technologies like multiparty computation (MPC) for data privacy and decentralized authorization
- Focus on developing privacy-enhancing technologies (PETs), strategic partnerships with key players, and creating a global data collaboration network
Empowering Data Privacy Solutions: Silence Laboratories Secures $4 Million in Funding
In the fast-evolving landscape of technology, data privacy has become a critical concern for businesses and individuals alike. Read more