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Rivo Raises $3.1M to Build Self-Driving Money and End the Inertia Tax

SAN FRANCISCO--(BUSINESS WIRE)--Rivo raises $3.1M to build the AI layer for personal finance, starting with autonomous cash management....
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LoopX Raises $4.05M Seed Round Led by BDC Seed Venture Fund and Orion Industrial Ventures with Participation from Hatch

TORONTO & SUDBURY, Ontario--(BUSINESS WIRE)--LoopX Innovation Inc. ("LoopX"), a Physical AI company building machine intelligence for uncontrolled mining environments, today announced it has closed a $4.05M Seed financing led by BDC Seed Venture Fund and Orion Industrial Ventures, with participation from Hatch. The company will use the proceeds to expand its team across applied AI engineering, customer success, and go-to-market. Underground mining involves high-risk activities and challenging o...
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Playground Lab Launches Inaugural Cohort, Kicks Off First Venture: Boujee Pet Care

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Playground Lab, a semester-long tech incubator based in San Francisco and South Florida, today announced the launch of its inaugural cohort and first venture, Boujee Pet Care (www.boujeepetcare.com). The program pairs top university students with industry leaders to build real-world products from conception to launch.Cohort 01 will officially kick off with an in-person meeting on August 13 in West Palm Beach, Florida, bringing together students, mentors, a...
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Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program

LONDON & PALO ALTO, Calif & NEW YORK--(BUSINESS WIRE)--Volta, a fully vertically integrated artificial intelligence ("AI") infrastructure platform and NVIDIA Cloud Partner, today emerged from stealth with a mission to build The Utility of Compute™, enabling frontier AI labs, AI-native companies, and enterprises to access dedicated AI infrastructure that is dependable, scalable, and backed by low-cost infrastructure capital. AI is creating a new infrastructure economy, but access to dedicated AI...
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Mitsubishi Electric’s ME Innovation Fund Invests in JIJ, Startup Using Quantum Computers to Develop Mathematical Optimization Middleware

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in JIJ Inc., a Japanese startup that uses quantum computers and other technologies to develop middleware for mathematical optimization. The company’s JijZept development platform is highly regarded for helping businesses solve diverse challenges by using mathematical optimization without requiring specialized expertise. Quantum computing is currently transitioning from...
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Lumora Closes Pre-Seed Round to Tap South Korea's USD 145 Billion Industrial Solar Market

SEOUL, South Korea--(BUSINESS WIRE)--Lumora, South Korea's first industrial space IPP, secured pre-seed funding to target the USD 145 billion industrial solar market....
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Orbital Sentry Closes Pre-Seed Round Led by Ridgeline

WASHINGTON--(BUSINESS WIRE)--Orbital Sentry, a deep tech startup building persistent infrared imaging systems for geosynchronous orbit (GEO), today announced the close of a pre-seed funding round. The round was led by Ridgeline and with participation from Superorganism and Hustle Fund. These investor portfolios reflect Orbital Sentry’s dual-use commercial and defense potential. Orbital Sentry's platform is designed to deliver continuous, high-sensitivity infrared monitoring from GEO, closing a...
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Forbes Names Ossium Health a 2026 Next Billion-Dollar Startup

SAN FRANCISCO--(BUSINESS WIRE)--Ossium Health is one of 20 U.S. startups on the 2026 Forbes Next Billion-Dollar Startups list, all expected to reach a $1 billion valuation....
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How Arena Covered Its Entire ZoomInfo Contract Cost in the First Month

VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, has reported that Arena, a communication platform that helps businesses build online communities, generated enough business in its first month on ZoomInfo to cover the entire cost of its contract, according to the company. Arena, founded in 2017, gives companies of every size a way to connect their users through group conversations and direct messages. Its customers range from early-stage startups to publ...
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PitchBook and Madrona to Talk AI and Capital Concentration at Seattle Tech Week

SEATTLE--(BUSINESS WIRE)--PitchBook, the leading private capital market intelligence platform, today announced it will co-host a live recording of Madrona’s Founded & Funded podcast during the fourth annual Seattle Tech Week. The conversation will feature PitchBook Executive Vice President of Research & Market Intelligence Nizar Tarhuni and Madrona Partner Sabrina Albert. The event brings together two homegrown Seattle institutions, underscoring the region's continued momentum in tech a...