Welcome March and happy Monday!! Here are the latest weekly startup stories for you. Before starting the new week, let's grab the latest updates from the startup world.
Picture Courtesy: Gitai
Gitai, Japanese space startup has raised a $17.1 million funding round, a Series B funding for the robotics startup. New funds will be used for hiring, development and execution of an on-orbit demonstration mission for the company’s robotic technology. Read more
Israel-based company Axonius is a cybersecurity asset management company that offers subscription-based software. A startup that has built a cybersecurity platform to help manage all the devices connecting to organizations. Read more
Picture Courtesy: Humaans
Real-estate brokerage startup Compass, backed by roughly $1.6 billion in venture funding. One of the greatest things about companies going public is that we get insight into their financials. Read more
Rohlik, a Czech startup that has built an online grocery ordering and delivery business. The company — which has some 17 thousand items in its online store — saw revenues rise 101% in FY 2020 to €300 million on 750,000 customers, and it is profitable. Read more
London-based HR startup Humaans, has raised $5 million in seed funding to accelerate the development of its employee on-boarding and management platform. Read more
Picture Courtesy: Flying taxi
Volocopter, a startup out of southern Germany, has been building and testing electric VTOL (vertical take-off and landing) aircraft, has picked up €200 million (about $241 million) in a Series D round of funding. Read more
San Francisco-based Real estate tech startup Doma, earlier known as States Title. Doma has developed patented machine learning technology that reduces title processing time. Read more
Fraud prevention startup Identiq has raised $47 million, as the company aims for international growth, driven in large part by the spike in online spending during the pandemic. Read more
Picture Courtesy: Bottomless
The Y Combinator-backed startup Bottomless. which is a coffee-sourcing engine. Now the product works by letting users pick the type of coffee they are interested in, be it caffeine level, price and the like. Read more
Payfazz, an agent-based financial services network in Indonesia, invested $30 million into payments infrastructure provider Xfers. Payfazz and Xfers, two startups that want to increase financial inclusion in Southeast Asia, have joined to create a new holding entity called Fazz Financial Group. Read more
Aero, a startup backed by Garrett Camp’s startup studio Expa, has raised $20 million in Series A funding. The startup spent the next couples of months buying and retrofitting planes, with plans for a summer launch. Read more
Picture Courtesy: Coursera
An online education platform Coursera, is planning to file or its initial public offering. Coursera has had a busy pandemic. Similar to Udemy, another massive open online course provider planning to go public. Read more
Berkeley-based fintech Flourish has raised $1.5 million in a funding round. The startup offers an “engagement and financial wellness” services for banks, fintechs and credit unions with the goal of helping them engage and retain clients. Read more
Siroker is now CEO at Scribe, which is taking signups for its first product. That product integrates into Zoom meetings and transforms them into searchable, shareable transcripts. Scribe has raised around $5 million in funding, Read more
AI and machine learning advancements from around the world and explains why they might be important to tech, startups or civilization. Read more
Eco, Personal banking startup raised $26 million of new funding from investors. Eco offers users up to 5% annually on deposits and 5% cashback that can be used at Amazon, Uber, and other companies. Read more
Hong Kong-listed Meitu Inc. , which makes image and video processing software, it bought 15,000 ETH and 379.1 BTC in open market transactions. First time a firm has disclosed a major purchase of ETH for its treasury. Read more
If you missed out the previous week or entire month updates of startup world news, follow the link to read it now and stay updated with every passing update with us.
We, at OpenGrowth, are constantly looking for latest news in the startup ecosystem. If you want to share any important news from last week, then do let us know in the comment section below.
*Note: The content published above was made in collaboration with our members.
Amritanshu, a geek, an explorer, traveler and innovative creator by heart. Experimenting with new ideas and exploring innovative technologies are his break-through talent. Endless craze for technology and creativity. Associated with editorial team at OpenGrowth and keenly serving great stuff from startup world.