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Path Robotics raises $300 million at $2.45 billion valuation

Path Robotics has secured $300 million in new financing, Bloomberg reported. The funding nearly quadruples the startup's valuation to $2.45 billion. The company develops software for autonomous robots used in manufacturing, putting the new capital behind its industrial robotics business.
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Bloomberg Technology
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Redalpine closes €222.53 million fund for European startups

Swiss venture capital firm redalpine announced the final close of its Capital VIII fund at €222.53 million ($250 million), targeting approximately 20 early-stage companies across Europe. New investors include Aviva Investors, Flexstone Partners and KfW.

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AI Capital

Sparxity closes Series A, bringing total funding to $90M

Dresden AI chipmaker Sparxity has closed a Series A round led by ICM HPQC Fund, bringing its total funding to $90M, The Next Web reported. The company did not disclose the size of the round. Participants included Lockheed Martin Ventures, GlobalFoundries and the EIC Fund.

The Next Web
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Capital

Daylight raises $80 million to expand cybersecurity business

Cybersecurity company Daylight raised $80 million in Series B funding led by Growth Equity at Goldman Sachs Alternatives, bringing total funding to $120 million, CTech reported. New investor Okta Ventures joined existing backers in the round.

CTech