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Hello reader,
Infrastructure is absolutely critical to ensuring that everything works as it should. It’s especially important for those of us operating in the tech space. The coolest apps and the most amazing software mean nothing if the user we have in mind struggles even to get access to the internet – or running water, for that matter.
This week’s funding data emphasizes this. The largest deal – at a whopping US$1.59 billion, basically half the total disclosed funding raised this week – is a debt round closed by an Australian data center operator. The reality is, we need physical infrastructure to sustain the global AI boom, and players who can successfully build those foundations are certainly poised for success.
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.
— Stefanie
The biggest deals by market
🇦🇺 NextDC redefines Data Center as a Service in Australia through advanced infrastructure solutions. It has raised US$1.59 billion in debt funding from undisclosed investors.
🇨🇳 Aisphere is a China-based developer of AGI video technology. It has bagged US$441 million in series C funding from Alibaba Group, CloudAlpha, Eastern Bell Capital, Grand Mount Capital, Ivy Capital, Lollapalooza Capital, Mirae Asset Capital, and iGlobe Partners.
🇮🇳 Headquartered in India, Udaan is a B2B ecommerce platform designed to solve core trade problems for small, medium, and large businesses. It has secured US$160 million in a bridge round from undisclosed investors.
🇸🇬 Singapore-based PixVerse offers proprietary video-generation models and a full-stack media platform. It has raised US$139 million in a series C extension from Alibaba, BlueFocus Communication Group, CloudAlpha, Eastern Bell Capital, Grand Mount Capital, Ivy Capital, Lollapalooza Capital, Mirae Asset Capital, and iGlobe Partners.
🇰🇷 Holiday Robotics aims to commercialize general-purpose robots. Based in South Korea, it has raised US$100 million in series A funding from Atinum Investment, BonAngels, Dasung Ventures, Goodwater Capital, IMM Investment, Industrial Bank of Korea, InterVest, KB Investment, KDB Bank, Premier Partners, SJ Investment Partners, SL Investment, Springcamp, Stonebridge Capital, and Ulmus Investment.
Here’s the complete list of this week’s funding chart: 83 deals worth over US$2.7 billion.
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