Major financing in the cryptocurrency sector: AlloyX Limited secures a monumental $350 million deal
In the dynamic world of technology, startups continue to raise significant funds to fuel their growth and innovation. Here's a roundup of some recent fundraising achievements:
- Tangany, a digital asset custody provider, has successfully secured $11.64 million in a Series A round. The funds will be utilised to expand their services and strengthen their position in the digital asset custody market.
- Kite AI has managed to raise an impressive $18 million in a Series A round. The artificial intelligence company's investors include Immersion Ventures, General Catalyst, and 8VC. The funds will be used to further develop Kite AI's AI capabilities and accelerate its growth.
- Synthflow AI also announced a successful Series A financing round, raising $20 million between August 31 and September 6, 2022. The exact details of the investors involved in this round have not been disclosed.
- Everlyn has secured $15 million and boasts a fully diluted valuation of $250 million. The details of this funding round are not available, but the funds will undoubtedly be used to scale Everlyn's operations and continue its growth trajectory.
- Kea has raised $7 million in a Seed round, valuing the company at $47 million in its fully diluted state. The Seed round investors have not been disclosed.
- Plural has also joined the list of startups raising funds, securing $7.13 million in a Seed round. The investors in this round are yet to be revealed.
- Wildcat Labs has managed to raise $3.5 million in a Seed round, but details about the investors in this round are not yet available.
- Maiga AI has raised $2 million in a Strategic round, but the details of this round and the investors involved are not disclosed.
- Aria Protocol has raised $15 million in a Seed round. Notable investors in this round include Polychain Capital, Neoclassic, and Story Protocol.
- RISC Zero (Boundless) has raised $13.7 million with a fully diluted valuation of $290 million. The details of this funding round are not yet available.
It's important to clarify that these fundraising activities are not directly linked to the recent controversy surrounding the SEC, as Gary Gensler's texts were wiped during the FTX collapse. Similarly, there's no direct connection found between these fundraises and the statement that Ether can flip Bitcoin, according to Tom Lee. These tech startups' successes in securing substantial funds underscore the ongoing interest and investment in innovative technologies.
