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Hello reader,
What are some sectors in tech that are exciting to you?
For me, two that stand out are AI and cleantech. We’ve already seen how AI can be transformative and cleantech – be it electric vehicles, decarbonization, or clean energy – is obviously crucial to answering the much larger question we’re grappling with around keeping our planet safe and habitable.
This week’s top-funded startups are mostly operating in the AI or EV space, which is really exciting – and also gratifying, since it seems that investors are just as optimistic as I am about these sectors.
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by market
🇨🇳 Hozon Auto is an EV developer from China. It raised US$960 million in a late-stage round.
🇮🇳 India-based KiranaKart, which operates e-grocery app Zepto, secured US$200 million in series E money from Glade Brook Capital, Goodwater Capital, Nexus Venture Partners, StepStone Group, and Lachy Groom.
🇮🇱 AI21 Labs aims to build AI-powered systems focused on understanding and generating natural language. Hailing from Israel, it raised US$155 million from Google, Nvidia, Pitango Venture Capital, SCB10X, Samsung Next, Walden Catalyst Ventures, and B2venture in a series C round.
🇰🇷 Sapeon is a South Korean firm that has developed a processor optimized for AI tasks. It closed a US$45 million series A funding round joined by Ascent Equities Partners, Hana Financial Investment, Mirae Asset Venture Investment, and We Ventures.
M&As
Startups that are raising funds
Killer pitch decks
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