World business news 25.07-31.07

To develop its network of autonomous robots for delivery, Ottonomy.IO raises $3.3 million

Ottonomy.IO, with offices in New York and founded in late 2020 by Ritukar Vijay, Pradyot Korupolu, Ashish Gupta, and Hardik Sharma, creates robots with sensors, such as 3D lidar sensors and cameras. The business, which has roughly 25 employees across the US and India, also creates the AI algorithms and software that power the sensors.

Bluecopa, a company in Hyderabad, raises $2.3 million

Blume Ventures headed the seed round of financing for the platform for automating financial procedures.
Bluecopa, a platform for automating financial operations with offices in Hyderabad, has received $2.3 million.

With participation from Titan Capital, T-Fund, Speciale Invest, Bharat Founders Fund, T2D3, Amplify, and Force Ventures, it was a seed round led by Blume Ventures.

Electric scooter startup River raises $11 million to be on sale the following year

Toyota Ventures joined the Lowcarbon Capital-led investment round as a participant.

River intends to use the incoming cash to build a manufacturing plant close to Bengaluru and grow the staff.

The business is in discussions to raise an additional $100 million and will do so before it begins selling its two-wheelers.

Cybrary receives $25 million to expand its cybersecurity training platform

The cybersecurity sector has recently suffered as a result of layoffs and a general investment retreat brought on by economic challenges. The cybersecurity training platform Cybrary, which has revealed that it raised $25 million in a Series C fundraising round, is one of the companies that has managed to remain unaffected. The investment, which brings Cybrary’s total funding to $48 million, was led by BuildGroup and Gula Tech Adventure, according to CEO Kevin Hanes, and will be used to enhance “content and capabilities” on the company’s platform.

MarqVision secures $20 million for an AI-powered IP protection technology to track down counterfeiters

By 2020, counterfeiting—an illegal activity that causes significant losses to both brands and customers—would have cost the garment industry roughly $27 billion in yearly sales. According to a survey on the threat posed by intellectual property crime in 2022, clothing, accessories, and luxury products are the most often counterfeited product categories. But that’s not where the issue ends—a large number of digital copycats have also emerged as a result of the expansion of digital material.

$10M is raised by Aurora Hydrogen

The business revealed a $10 million Series A round yesterday, led by Energy Innovation Capital with participation from the George Kaiser Family Foundation, Williams Companies, Shell Ventures, and Chevron Technology Ventures.

According to Aurora, its microwave-based method can produce hydrogen with less carbon emissions and 80% less electricity than the most environmentally friendly method.

Bounty raises $4.7M to help everyday TikTokers make money from reviews

Today, early-stage consumer tech venture capital firm M13 announced that Bounty, a website service that assists TikTok producers in monetizing brand reviews and recommendations, closed on a $4.7 million seed round.

The new service, which is presently in beta, is intended for regular TikTok users who want to make money by reviewing brands’ items, not simply for professional producers.

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