SE3 raises $30M to expand software for autonomous drone fleets
Image: Primary
Image: Primary Wells Fargo & Co.-backed Norwest has raised $4 billion for its latest investment fund, Bloomberg reported. The fund will target early-stage AI startups alongside deals in sectors other investors have overlooked. The firm plans to announce the fund Thursday.
The UK National Wealth Fund invested in a $700 million financing round for drone startup Uforce, Bloomberg reported. The investment is the fund's largest in defense. Uforce was initially formed in Ukraine, and the fund participated in its financing alongside other investors.
Poste Italiane has launched a co-investment fund targeting €600 million ($665 million) for projects including data centers, Bloomberg reported. The fund expands the company's digital infrastructure ambitions following its takeover of Telecom Italia.
UK banking platform Griffin has raised a $20M Series B led by Octagon Partners to fund expansion into card issuing and stablecoin services. The round values the company at over $100M. Griffin lets fintechs and platforms embed accounts and payments into their products.
Lithuania's Biomatter has raised $18M in a Series A round led by Astanor to expand its AI enzyme design platform, The Next Web reported. Existing investors UVC Partners, Inventure and Metaplanet also participated. The company did not disclose a valuation.
Turin-based Nebuly has raised $21m in a Series A round led by Planven to expand its business measuring financial returns from enterprise AI.