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The week before Thanksgiving is typically fussy with announcements of all form , but this week has been especially interesting . Money was flowing to bragging problems , like defense , cybersecurity , and health .
Most interesting startup stories from the week
Let ’s start with the forged news program and ( temporarily ? ) dash Hope . But there ’s undecomposed news too .
Low battery : Struggling Swedish unicorn Northvoltfiled for bankruptcy in the U.S. , deliver a setback to Europe ’s hopes of staking a claim in the battery - manufacturing place .
Above the stemma : German fintech unicorn N26had its first profitable stern , with a final operating income of € 2.8 million ( $ 2.9 million ) during the third after part of 2024 .
superstar corrupt Dazz : Cybersecurity heavyweight Wizacquired Dazz , a specialist in surety remedy and peril management . According to sources , the cash - and - portion tidy sum is valued at $ 450 million , slightly more than Dazz ’s recent $ 400 million post - money evaluation .
Data pipelines : Alongside its Q3 earnings , cloud company Snowflake annunciate it agreed toacquire data pipeline direction company Datavolofor an unrevealed essence .
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Most interesting fundraises this week
Some mega - beat were announced this hebdomad , and small but still respectable amount also go to startups harness big trouble .
Quick Commerce Department , quick funding : Indian quick - commerce inauguration Zepto raised$350 million in new funding , its third beat of financing in only six months ahead of a design IPO next year .
Gold closed chain : Finnish smart ring Godhead Oura raised a $ 75 million investment from glucose gimmick Jehovah Dexcom in a Series D bout of support that brought its valuation tomore than $ 5 billion .
New unicorn : Lighthouse , a data analytics platform for the hospitality diligence , raised a Series C round of $ 370 millionled by KKR at a $ 1 billion valuation .
Crossing the Atlantic : Lusitanian three-fold - use drone pipe startup Tekeverraised € 70 million($74 million ) in a Series B round lead by Scottish investment company Baillie Gifford & Co. and the NATO Innovation Fund . The backing will facilitate it expand into new marketplace , specifically the U.S.
Lightening up : Lightning AI , a inauguration that adapts PyTorch Lightning to enterprisingness indigence and supports their AI plans , recently secured $ 50 millionfrom Cisco Investments , J.P. Morgan , Nvidia , and K5 Global to expand the Lightning platform to raw markets and originate its customer base .
Most interesting VC and fund news this week
Bullish on Blue Bear : Blue Bear closeda $ 160 million third fundto back AI founders in climate , energy , and industry as part of its software package - centrical thesis .
bling bling , bling : Bling Capital , the seed VC firm founded by former Khosla Ventures universal cooperator Ben Ling , secured $ 270 million for its fourth store , half of which is appropriate for follow - on investments .
Last but not least
Defense tech startups raisedalmost $ 3 billion so farin 2024 , grant to Crunchbase . That ’s already more than 2022 ’s previous $ 2.6 billion record and over only 85 deals compared to 113 that year .
