Today we're excited to announce our investment to Pactum AI in their recent $20M Series B 🤩 Pactum’s autonomous bots can contact thousands of suppliers simultaneously seeking the best pricing and terms for routine corporate purchases in logistics and a wide range of other sectors. Launched in 2019, Pactum’s software is negotiating deals in 10 languages for dozens of Fortune 500-sized customers, such as Walmart, Vodafone and Veritiv. The largest autonomously signed deal so far was a $28 million purchase that generated savings of $750,000 🤝 Our story with the Pactum's founding team goes way back when Martin Rand, Kaspar Korjus and Kristjan Korjus first started building Pactum at our coworking space Palo Alto Club. We're thrilled to join their journey supporting procurement teams around the world as they embrace AI agents as their colleagues, alongside Karma Ventures, Atomico, Project A, Maersk Growth, 3VC and PortfoLion Capital Partners 🤩 Onwards! 🚀 https://lnkd.in/dBYNuN4w
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AI-based business journey observability leader, VuNet Systems, raised INR 60 Cr ($6.94 Mn) in the first close of its Series B funding round, led by Pravega Ventures. With participation from Kotak Securities, Mela Ventures, Athera Venture Partners, and others, the funding will propel global expansion, growth in India, and advancements in its AI-powered platform. Founded in 2014, VuNet’s innovative solutions provide real-time insights, optimizing IT operations and customer experiences for financial institutions. CEO Ashwin Ramachandran highlighted plans to integrate GenAI into workflows, strengthening VuNet’s position in the fast-growing AI ecosystem. #AI #StartupFunding #Innovation #fundingnews #GenAI
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AI-based business journey observability leader, VuNet Systems, raised INR 60 Cr ($6.94 Mn) in the first close of its Series B funding round, led by Pravega Ventures. With participation from Kotak Securities, Mela Ventures, Athera Venture Partners, and others, the funding will propel global expansion, growth in India, and advancements in its AI-powered platform. Founded in 2014, VuNet’s innovative solutions provide real-time insights, optimizing IT operations and customer experiences for financial institutions. CEO Ashwin Kumar Ramachandran highlighted plans to integrate GenAI into workflows, strengthening VuNet’s position in the fast-growing AI ecosystem. Full Article - https://lnkd.in/gk2GFWX4 #AI #StartupFunding #Innovation #fundingnews #GenAI
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Lebesgue, a marketing technology company from Zagreb, Croatia, has raised €2.9 million in a seed funding round. The funding was led by Interactive Venture Partners, with participation from Fil Rouge Capital, K20 Fund, Bridge Venture Fund and other U.S.-based investors. The company plans to use the funds to scale its sales and marketing efforts, expand operations in the U.S. and global markets, and refine its AI CMO platform. Josip Begic, CEO of Lebesgue, said the funding is a major milestone and will help businesses replace guesswork with data-driven marketing strategies. Read more: https://lnkd.in/gT8EJA_f 📰 Subscribe to the Daily AI Brief: https://lnkd.in/egYhx3tb #ai #artificialintelligence #aistartup #aifunding
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#News | Brazilian proptech Morada.ai has raised $1 million to enhance its AI technology and support growth. Specializing in AI solutions for real estate, Morada.ai’s chatbot, Mia, streamlines client interactions and investment simulations, driving significant growth this year with nearly 100 developers across 17 states. #RealtyNXT #Proptech #ArtificialIntelligence #RealEstateInnovation #SmartInvesting #BrazilianStartups #AIChatbots #DigitalTransformation Ramon Azevedo
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MilkStraw AI has raised $600,000 in pre-seed funding to expand across the MENA region. The funding round was led by Flat6Labs with participation from 🪽⚡️AngelSpark, Beyond Capital, and other angel investors. MilkStraw AI, founded in the US in 2024 by Jawad Shreim 🥛, focuses on automating and optimizing cloud infrastructure costs for businesses. The company plans to use the funding to grow its engineering and development teams, speed up product development, and improve customer support. Read more: https://lnkd.in/dJJe5XYB #ai #artificialintelligence #aifunding
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Portcast just raised $6.5M to transform the supply chain game with AI tech 🚀. The new funding will fuel their global expansion and innovative solutions across APAC and Europe. #SupplyChainTech https://lnkd.in/gwR7aqWU
Portcast Secures $6.5M to Supercharge Supply Chain AI - Techzi
https://techzi.co
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Starboard, an AI-driven logistics solution provider, has secured $5.5M in funding led by Eclipse, with participation from Garuda Ventures and Everywhere Ventures. The investment will accelerate Starboard's mission to simplify global trade by enhancing its AI-powered platform for freight forwarders. Founded in 2024 by Sumeet T. and Junyu Yang, Starboard aims to revolutionize the logistics industry, helping SMEs optimize operations and reduce costs. The funding supports the company's growth in Toronto and ongoing AI innovation. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/eR7sehfi 🚀 #AI #Logistics #SupplyChain #Funding
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#News | NYC-based Kaya AI raised $5.3M in Pre-Seed funding to revolutionize the construction supply chain with its AI-powered platform. Led by CEO Ojonimi Bako, the company aims to eliminate data silos, streamline procurement tracking, and enhance project efficiency. Backed by prominent investors, Kaya AI is poised for transformative industry growth. #RealtyNXT #ConstructionTech #AIInnovation #SupplyChain #PropTech #StartupFunding #TechForGood #ConstructionSolutions #AI #TechStartups #Innovation
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Vooma Raises $13 Million in Series A Vooma, a San Francisco, CA-based AI platform designed for freight brokers and carriers of all sizes, has raised $13 million in Series A funding. #AI #MultiChannelAI #BackOfficeAutomation #FreightBrokers #Logistics #SeriesA #Funding https://lnkd.in/g8xqyJhP
Vooma Raises $13 Million in Series A | The SaaS News
thesaasnews.com
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Vertice has raised $50 million to expand its AI-powered SaaS spend platform. The London-based startup has grown 13 times in three years and aims to standardize procurement processes for companies. CEO Roy Tuvey said Vertice integrates with business data to optimize purchasing and save money, cutting purchasing cycles in half and yielding savings of 20% to 30%. The Series C funding round was led by Lakestar, with participation from Perpetual Growth, CF Private Equity, and previous investors. Read more: https://lnkd.in/dh86iSM7 📰 Subscribe to the Daily AI Brief: https://lnkd.in/egYhx3tb #ai #artificialintelligence #ainews #aistartup #aifunding
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Thank you, Superangel team. We're all thrilled to have you involved. We'll need to dig out some photos from those Palo Alto days!