Acquisitions Announced: Token Acquires AiChat, Strativity Group Purchased by UST, New Fund Launched by ADQ and OIA to Boost MENA Tech Innovation, and Additional Developments
In the dynamic world of technology, several startups have recently secured significant investments and acquisitions. Here's a roundup of some notable developments:
AIsphere, a video generative model developer based in Beijing, has secured over RMB 100 million in a Series A2 funding round, with Ant Group leading the investment.
In a separate development, Toku, a cloud communications and customer experience solutions provider, has announced its intent to acquire Singapore-based chatbot startup AiChat. This acquisition will enable Toku to supplement its voice, messaging, and cloud communications solutions with AiChat's artificial intelligence-powered capabilities.
UST, a digital solutions firm based in California, has continued its expansion by acquiring Melbourne-based business process optimization firm Leonardo in February. Additionally, UST has acquired Strativity Group, a Sydney-based business consultancy with expertise in customer experience, to strengthen its position in Australia and New Zealand. Following the acquisition, Strativity will spearhead UST's customer experience-related offerings in the region.
Da Instruments, a Shenzhen-registered test and measurement company, has completed an angel round of financing, raising over RMB 10 million.
In international news, Puro.earth, a company not based in China or India, has received 11 Million Euros in a Series B funding round led by Nasdaq. The Jasoor Fund, a technology-focused fund comprising USD 180 million in capital, aims to support innovative tech startups within the Middle East and North Africa. ADQ, an Abu Dhabi-based investment and holding company, has launched the Jasoor Fund in partnership with the Oman Investment Authority (OIA), with a focus on boosting sectors such as fintech, edtech, health tech, clean tech, agritech, and logistics in the region.
Nabhdrishti Aerospace, a Bengaluru-based deep tech startup specializing in gas turbine engine development, has raised INR 30 million (USD 360,160) in a pre-seed funding round. Dhruva Space, a space tech startup based in Hyderabad, has completed its Series A funding round, bagging USD 15 million.
Adukale, a Bengaluru-based instant food and snack brand, has raised USD 1.3 million in a pre-Series A funding round. Ecozen, a Pune-based deep tech startup focusing on sustainable agriculture, has received USD 30 million in debt and equity funding.
Simpure, a technology enterprise focused on solving problems in the chip supply chain, has announced the completion of its Series B funding round. Systech, a company specializing in the development of wet processing equipment for semiconductors, has raised over RMB 100 million in a Series B funding round.
Haomo.ai, an autonomous driving solutions provider, has raised RMB 300 million (USD 41.4 million) in its Series B2 funding round. The investment for Haomo.ai comes from a newly formed fund by existing investor JZ Capital and Changxing County in Huzhou, Zhejiang. Gu Weihao, CEO of Haomo.ai, plans to invest in large models, computing power, big data research, and cognition products to strengthen its technological foundation.
Lastly, Gatpor, a developer of laser and photoelectric sensors using direct time-of-flight (DTOF) ranging techniques, has completed an angel funding round, bagging an eight-figure RMB sum.
These developments underscore the continued growth and investment in the technology sector, with startups in various regions securing significant funding and acquisitions to drive innovation and expansion.
Read also:
- Show a modicum of decency, truly
- Advanced Brabus Model Not Suitable for Inexperienced Drivers
- Latest Developments in Electric Vehicle, Battery, and Charging: IBM, Tervine, ACM, Clarios, Altris, 25M, Lion Electric, InductEV, EVgo, Toyota, EVCS, StoreDot, and REE Are in Focus
- Latest updates for July 31: Introduction of Ather 450S with expanded battery, unveiling of new Tesla dealership, and additional news
