Startupnews week 37 - 2024

Marc Nemitz Marc Nemitz | 13.09.2024

Parloa presents new GenAI platform. M3E and TRC enter into strategic partnership. Seaya opens new office in London. Previero takes over Parini. Dataciders Group: Acquisition of PASO Solutions. PanTera receives 93 million euros. Blitzy raises $4.4 million. Qualifyze secures $54 million. Twin Science & Robotics secures £1.25 million.

Parloa unveils new GenAI platform for customer service

At the WAVE 2024 conference in Berlin, Parloa presented its new AI Agent Management Platform (AMP), which is based on generative AI and represents an advancement in customer service. AMP enables companies to provide scalable and personalized customer experiences through the use of qualified AI agents, available 24/7 and in multiple languages. The platform integrates real-time translations and automated response suggestions to increase efficiency and improve customer service. Parloa is taking an AI-first approach with AMP, with AI agents handling the majority of customer queries independently and only forwarding complex cases to human agents. The platform will be available worldwide from September 12 and has already been successfully tested by the Barmenia Insurance Group.

Financing rounds

Blitzy raises $4.4 million

The AI company Blitzy, founded by NVIDIA inventor Sid Pardeshi and serial entrepreneur Brian Elliott, has received $4.4 million in a first round of funding from well-known investors such as Link Ventures, Bessemer and NFX. Blitzy, which emerged from the Harvard Innovation Lab, is developing a platform designed to automate the entire software development process. With a unique orchestration framework and patented technologies, Blitzy enables companies to create customized software solutions quickly and efficiently. The platform receives requirements, creates design documents and automatically deploys the code to GitHub.

Qualifyze secures 54 million US dollars

Team Qualifyze

Qualifyze, a supplier risk management company for the life sciences industry, has raised 54 million US dollars in a Series B funding round led by Insight Partners. With the new funding, Qualifyze plans to expand into the US market, further develop its technology and strengthen its go-to-market strategy. Qualifyze provides a platform that centralizes the planning, execution and tracking of audits, enabling companies to better assess supplier risk and ensure compliance. Its customers include more than 1,200 companies, including industry leaders such as Merck and Teva. With the funding, Qualifyze aims to set new standards in risk management and create long-term value for its global customers.

PanTera receives 93 million euros

Stockholm - EQT Life Sciences has led an oversubscribed EUR 93 million Series A financing round for PanTera, a Belgian manufacturer of radioisotopes. With additional equity and debt financing, the total capital raised amounts to EUR 134 million. The funds will be invested in the construction of a state-of-the-art production facility for Actinium-225 (225Ac), which is crucial for the novel cancer therapy "Targeted Alpha Therapy". This treatment enables the targeted and effective destruction of cancer cells using high-energy alpha rays.

Twin Science & Robotics secures £1.25 million

Twin Science & Robotics team picture

Twin Science & Robotics, an award-winning UK EdTech startup, has closed a £1.25 million funding round led by Soulmates Ventures. The investment will be used to drive the company's international expansion and strengthen its presence, particularly in the US. Since its founding in 2017, Twin Science & Robotics has reached over 1.5 million students in 40 countries, providing innovative STEM education solutions that connect technology to the United Nations' Sustainable Development Goals.

M3E and TRC enter into strategic partnership

M3E CEO Dr. Christian Milan

M3E, a European electric mobility consultancy, and TRC Companies, a US-based global consulting and engineering firm, have announced a strategic partnership to drive the international mobility transition. The aim of the cooperation is to support companies worldwide through joint expertise in overcoming regulatory challenges and implementing sustainable mobility solutions. The partnership will be further intensified at the IAA Transportation 2024 in Hanover.

Seaya opens new office in London and strengthens commitment in Europe

Serhat Aydogdu

Seaya, a global venture capital platform, is expanding its international presence with a new office in the prestigious Mayfair district of London. This is Seaya's first office in Europe outside of Spain and marks an important step in the company's strategic expansion into the European market. Serhat Aydogdu joins as Investment Director for Seaya Andromeda to lead investments in European climate tech companies. Since its inception in 2013, Seaya has built a strong global presence, with offices in Madrid, Barcelona, Mexico City and now London, and currently has €650 million in assets under management. As recently as July 2024 we reported on Seaya's latest investment.

M & A

Dataciders Group: Acquisition of PASO Solutions

The Dataciders Group is strengthening its position as a provider of data & AI solutions in the DACH region with the acquisition of Austrian company PASO Solutions. This is the third acquisition since the entry of Rivean Capital in January 2024. PASO Solutions, specialized in Data & AI services and particularly active in the field of supply chain management, brings expertise in the development and implementation of customer-specific software solutions. With this acquisition, Dataciders expands its offering and strengthens its presence in Austria.

Previero takes over Parini

Previero, a plastics recycling company and part of the Ambienta platform, has acquired the Italian company Parini. Parini, known for its mechanical sorting systems for the separation and purification of waste streams, becomes Previero's first strategic expansion since Ambienta's investment. The acquisition expands Previero's range of turnkey recycling solutions and strengthens its position in the mechanical sorting sector.


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