Funding News

SANTA CLARA, Calif.--(BUSINESS WIRE)--XCENA, providing memory-centric computing solutions for AI infrastructure, today announced it has closed $135 million (KRW 202 billion) in a Series B financing round. XCENA will use the funding to accelerate the company’s global expansion, scale customer deployments, and advance its next-generation computational memory solution. Total fundraising now stands at $185 million with a current valuation of $570 million. The round was co-led by Atinum Investment a...

SÃO PAULO--(BUSINESS WIRE)--Pax, an AI-native company that builds real-time intelligence platforms for public safety, announced today a $40 million seed round co-led by Greenoaks and Benchmark – one of the largest seed investments in the history of Latin America. In its first large-scale deployment, Pax cut violent crimes by 27 percent, doubled police efficiency, and increased public perception of safety by 59 percent – all within six months. Police forces using the platform have since resolved...

TOKYO--(BUSINESS WIRE)--Meiji Seika Pharma commits to invest in GHIC's Global Health Security Fund to accelerate innovations addressing pandemic preparedness and AMR....

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) today announced the completion by Universal Property & Casualty Insurance Company (“UPCIC”) and American Platinum Property and Casualty Insurance Company (“APPCIC”), the Company’s wholly-owned insurance company subsidiaries, of their combined 2026-2027 reinsurance program, effective June 1, 2026. “We are pleased to announce the completion of the 2026-2027 reinsurance program...

DUBLIN--(BUSINESS WIRE)--Fonoa, the AI tax operating system for global businesses, today made two major announcements to deepen its leadership in global indirect tax compliance: the acquisition of Indirect Tax Edge (Edge) from PricewaterhouseCoopers (PwC) and a $110 million Series C led by Headline and included participation from new investors Eurazeo and Forestay Capital, alongside existing investors Index Ventures, OMERS, Coatue, and Dawn Capital. Fonoa will further develop Edge following the...

NEW HAVEN, Conn.--(BUSINESS WIRE)--Unilever today unveiled plans to develop a new Global Innovation Center in New Haven, Connecticut, opening by spring 2029. The center will be a leading hub for the company’s research and development for its personal care, beauty and wellbeing businesses in the U.S. and globally. The center further propels Unilever’s growth strategy in the U.S. market, raising the bar for research and development in the consumer goods industry and powering the company’s portfol...

MINNEAPOLIS--(BUSINESS WIRE)--In celebration of Graco’s 100th anniversary, the Graco Foundation announced a $1 million Centennial Impact Initiative to support 10 Minnesota nonprofit organizations advancing self-sufficiency, stability and workforce development, including technical training and career pathways aligned with Minnesota’s manufacturing and industrial workforce needs. Through the initiative, each nonprofit partner will receive a $100,000 grant to commemorate Graco’s centennial anniver...

AUSTIN, Texas--(BUSINESS WIRE)--Today, OCA Foods was announced as the winner of the 2026 Austin FC Dream Starter Competition presented by Q2 Holdings, Inc. (NYSE: QTWO). OCA will receive $100,000 in funding to accelerate its business and mission as part of the Austin FC Dream Starter business initiative, which supports Austin entrepreneurs. OCA is a Brazilian-inspired snack company bringing a cleaner, preservative-free take on Paçoca—a beloved peanut bite traditionally enjoyed across Brazil—to...

SAN FRANCISCO--(BUSINESS WIRE)--Saris raises $28.8 million in Series A funding to scale its platform, deepen integrations, and grow the team that trains and deploys Saris' AI agents....

NEW YORK--(BUSINESS WIRE)--The Fund takes a multi-strategy approach to offer RIAs and family offices exposure to the next generation of transformative AI companies....