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Hello reader,
Who doesn’t love a good garage startup story? There’s something exciting about the idea that a big company can begin with just a couple of founders and their laptops, a humble home garage, and cheap meals fueling an ambitious dream.
But this week’s funding list is a reminder that not all startups can be built this way – some businesses need more than grit and a Wi-Fi connection.
At the top is China’s Robotera, which is working on embodied AI and humanoid robotics. The firm raised a large round backed by state-linked and industrial investors. Also on the list is Gestala, a healthtech startup developing brain-computer interface technology.
While these companies belong to different sectors, they both sit in spaces where the cost of trying is high, timelines are long, and investors need a lot of patience.
Sure, big ideas still shape the future, but some get expensive before they get exciting.
You can find all other important investment deals from the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that have recently taken place.
— Lilian
The biggest deals by market
🇨🇳 Based in China, Robotera develops humanoid robots, service robots, and dexterous robotic hands. The firm has bagged US$148 million in a strategic funding round from China Chengtong Holdings, Guoyuan Equity, Hangzhou Capital, Hony Capital, Houxue Capital, Jiangxi State-Owned Private Equity Fund, Juntai Capital, and Ubiquant.
🇮🇱 Alta aims to enhance sales and revenue management using AI-powered virtual agents. Headquartered in Israel, which is located in West Asia, the startup has raised US$25 million in series A money from Entrée Capital, IN Venture, LeumiTech, Mindset Ventures, Target Global, and Verissimo Ventures.
🇮🇳 Adage Automation, an industrial gas analytics and environmental monitoring company from India, has secured US$24.2 million in a series A round. Participating investors were Global South Capital, InCred Growth Partners Fund, and Prachetas Capital.
M&As
Startups that are raising funds
Behind the Glasswall
Turn AI ambition into production outcomes
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