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Welcome to Startups Weekly — your hebdomadary review of everything you ca n’t miss from the earthly concern of startups . Want it in your inbox every Friday?Sign up here .
This first week of February was busy on the geopolitical front , as well as in the creation of startup and VC news , with many announcement and significant sum of money of capital changing hands .
Most interesting startup stories from the week
Startups took unlike views on the recurring dilemma of whether to married person or not . Plus , a cautionary tale on high burn rates , and IPOs ahead .
And space startup OurSky and PlaneWavemerged to create evident Space , a new companionship that aims to produce the next propagation of telescope .
go solo : Robotics fellowship Figure AIexited its softwood with OpenAI , choose rather to focus on in - planetary house AI owe to a “ major breakthrough . ” The inauguration is develop a cosmopolitan - intention humanoid robot for commercial-grade and residential manipulation .
And Google ’s Xspun out Heritable Agriculture , a startup using AI to meliorate crop payoff . The “ moonshot manufactory ” has been spinning off several ventures under the leadership of Astro Teller .
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Takeover : XOi , a inauguration that build up software for maintenance people , acquired competition Specifxto expand its datasets on repairs . The accomplishment was made for an unrevealed sum and fund by a $ 230 million round that the society also announced this calendar week .
high-pitched burn : Failed Canada - based accounting inauguration Benchburned through $ 135 millionover the yr before file for bankruptcy , records revealed .
IPOs ahead : TechCrunch compiled a list oftech company that could go public this year , including two space and defense tech startups that lodge to go public last month : Karman and Voyager Technologies . Deel was not on the lean , but amajor lowly salesuggests that the IPO the fintech / 60 minutes inauguration antecedently tease for “ the 2025/2026 time frame ” is go closer .
Most interesting VC and funding news this week
This week also brought us interesting funding tidings : deal unit of ammunition , but also new funds , and even funds of funds .
Adtech : Canadian programmatic advertizement startup StackAdapt raise a$235 million outgrowth financial backing roundled by Teachers ’ Venture Growth ( TVG ) , the investment arm of the Ontario Teachers ’ Pension Plan .
FoF : India announced a new$1.15 billion fund of funds for startupsas part of its federal budget for 2025 - 26 . The FoF is mean to have an “ expanded setting ” compared to previous inauguration financing programs , and New Delhi will search make a disjoined rich tech FoF.
Amerindic LLMs : Ola billionaire founding father Bhavish Aggarwal announced that he would invest$230 million into Krutrim , the AI inauguration he create in a pushing for Indian LLMs .
Deep tech : Munich - based CVC Hitachi Venturessecured $ 400 millionfor its fourth fund , which will keep on targeting Series A investments into thick technical school startups , but with 55 % of the capital reserved for follow - on investments .
Ozempic effect : Berry Street and Fay , two inauguration that pair dietitians with patients , each raised a $ 50 million funding round , as GLP-1 drugs created tailwinds for nutrition guidance .
Riot!French startup Riotraised a $ 30 million Series B roundto expand its focus beyond educating employees about cybersecurity risks , and now poke at them further into minimizing threats . With a post - money valuation north of $ 170 million according to sources , the company reached $ 10 million in one-year revenue in 2024 .
Cherry on top : German VC firm Cherry Venturesraised a new $ 500 million fundto make early - level and keep an eye on - on investments . Its previous fund , announced in 2022 , had conclude at approximately $ 312 million .
First fund : European VC business firm Emblem , which is ground in Paris , raised $ 85 millionfor its initial investment firm . Its world-wide partners previously enthrone in troupe like Gourmey and Sorare , among others .
Last but not least
European AI startupscollectively raised $ 8 billion in 2024 , fit in to the French AI Report . release jointly by early - level VC firm Galion.exe , development investment funds firm Revaia , and consultive firm Chausson Partners , it also revealed that 70 % of that capital endure into seed to Series B rounds , suggesting that the anatomy could increase as the picture matures .
