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Confido raises $55M Series B led by Insight Partners

New York-based Confido raised a $55M Series B led by Insight Partners, AlleyWatch reported. Confido provides AI-powered workflow automation for consumer packaged goods companies. Its tools address finance, accounting, trade spending and operations work, functions that help those companies manage thin margins.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Infrastructure Capital
Infrastructure Capital

Nscale secures $3.36 billion in financing ahead of planned IPO

British AI data center developer Nscale said it secured $3.36 billion in convertible-note financing ahead of a planned US stock-market listing. The Third Point-led deal makes $2.36 billion available immediately, while a further $1...

Capital AI
Capital AI

Enveda raises $311 million to advance AI-assisted drug candidates

Enveda has raised $311 million in Series E financing at a $2 billion valuation as it moves drug candidates found through its AI-assisted search of natural compounds into human testing. Catalio Capital Management led the round, wit...

Capital AI
Capital AI

NUS Enterprise launches patent-matching platform and Munich outpost

NUS Enterprise says it has launched Nova, an AI platform developed with Zima Labs to help its staff find commercial partners for university research. It has also established an outpost in Munich through a partnership with Unterneh...

AI Capital
AI Capital

Cognition's annualized revenue reaches $1 billion pace, source says

Cognition AI is on track for $1 billion in annualized revenue based on its performance this month, Bloomberg reports, citing a person familiar with the matter. The pace roughly doubles the AI coding startup's run rate from about f...

Capital AI
Capital AI

Ando emerges from stealth with $20M for team messaging platform

Ando has emerged from stealth with $20M in pre-seed and seed funding, TechCrunch reports. The company is building a team messaging platform for people and AI agents. Founder Sara Du had heard requests from companies seeking to use...