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Hello reader,
Happy Halloween!
It sure seems like a spooky time, and not necessarily in a fun way. As I’m writing this, Binance has been hacked, and Polymarket has halted trading due to a security breach. Then there was the whole PHP shebang last week. Yikes.
What’s a lot less spooky is this week’s funding numbers. We’ve crossed the billion-dollar mark in funding raised across the ecosystem, and FuriosaAI, a chip company from South Korea, sits at the top of the list.
Chipmakers are getting a lot of attention because, well, they underpin everything we do. You can’t have AI without semiconductors. As the demand for compute increases, we’ll need to find ways to make the hardware we need more effectively, and hopefully, affordably.
One thing’s for sure: The chips aren’t down for the semiconductor sector.
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 country
🇰🇷 FuriosaAI is an AI chip startup from South Korea. It has raised US$620 million in series D funding from Cisco Investments, DSC Investment, Hanwha Asset Management, Infinitum, Intellectual Discovery, Jericho Capital, KDB Bank, Kakao Investment, Korea Eximbank, Korea Investment Partners, MJM Investments, Naver, Naver Ventures, National Growth Fund, NeoFort Holding, Nextrans, QUDA Capital Partners, Quantum Ventures Korea, UAMCO, and Worldline Capital.
🇨🇳 NeuroXess, a China-based life science company specializing in brain-computer interface technologies, has bagged US$104 million in a series B round. Investors included China Fortune-Tech Capital, CoStone Capital, Huafu Securities, IDG Capital, Jiangxi Financial Holdings, SDIC Juli, Shanda Capital, Shanghai Junxi Capital, Shenzhen Capital Group, Triwise Capital, Xichen Capital, ZWC Partners, and Zhongping Capital.
🇮🇱 Mave reinvents security operations for the modern enterprise. Headquartered in Israel, which is located in West Asia, it has raised US$34 million in series A funding from Lumir Growth Partners and Red Dot Capital Partners.
M&A
Startups that are raising funds
Startup in the spotlight
Exclusive listicles
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