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This week substantiate that even when current events cloud the outlook , some startups still manage to conjure up substantial amount of financial backing , with those link up to security measure and reign finding tailwinds .
Most interesting startup stories from the week
Uncertainty normally does n’t rime with investment . But there ’s always money for security , whether online or IRL .
Countercyclical : AI startupsraised $ 110 billion in 2024 , a 62 % increase compare to 2023 , while overall startup funding was down 12 % year on yr .
Meanwhile , European startups in the defense , security , and resilience tech outer space raised $ 5.2 billion last class , a book 10 % of all VC fundingin the region .
European AI : French supporter Mistral AI was in the limelight this week during the Paris AI Summit , with its AI assistant Le Chat becomingthe most downloaded iOS appin France .
Security M&As : Security compliance firm Data acquire computer software security reassessment startup SafeBasefor $ 250 million . And CyberArk , an identity security measure company , buy inauguration Zilla Securityfor $ 165 million in cash , with an additional $ 10 million detail on sure milestones .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Most interesting VC and funding news this week
Startups in a wide range of sectors harbinger funding rounds this week . Plus , Founders Fund should soon have more majuscule to place .
Money in the bank : Zeta , a Bengaluru - based provider of banking software , is nowvalued at $ 2 billionafter raising $ 50 million from a strategic investor .
Quantum notes : Google - second Boston quantum startup QuEra secured$230 million in debtvia a translatable note , at an undisclosed rating that its chief operating officer said “ represented “ a very substantial increase ” compare to its late round .
Forestation : Carbon removal startup Chestnut Carbonclosed a $ 160 million Series B round of financingto turn honest-to-god farms into forests .
Firstname.ai : Australian health tech startup Harrison.ai raiseda $ 112 million Series C roundfor its AI - enable aesculapian diagnostic software , Annalise.ai , which is focused on radiology , and Franklin.ai , which is focus on pathology .
Easy note : Only six month after raising $ 29 million , American startup Candid Healthclosed a $ 52.5 million Series Cto simplify aesculapian billing .
Manifest : Latent Labs , an AI biotechnology startup founded by a former inquiry scientist at DeepMind , come out of stealth modewith $ 50 million in support .
Crystal clod : Israeli startup Voyantisscored $ 41 millionto use AI to serve companies figure out the lifetime value of their customers .
Three times lucky?Peter Thiel ’s Founders Fund is on data track to closeanother $ 3 billion investment company , according to sources . This will be the house ’s third growth monetary fund .
Last but not least
If you are reading this , you may be one of Sheel Mohnot ’s 150,000 X follower . But even if you ’re not , Mary Ann Azevedo ’s audience with the co - laminitis and general mate of Better Tomorrow Ventures iswell worth listening to .
In their confab , Mohnot talked about his Twitter fame , and about AI and fintech , which he is as bullish about as ever . “ I ’m stir about a lot of the stuff and nonsense that we always believed in , which is ‘ the everything is fintech ’ account , which persists today , ” he said .
