Innovation

Ubyx Raises Funding From Arab Bank Fintech Accelerator AB Xelerate

By Amit Chowdhry ● Yesterday at 9:09 AM

AB Xelerate, the fintech accelerator of Arab Bank, has made a strategic investment in Ubyx, a provider of clearing and acceptance infrastructure for tokenised deposits and regulated stablecoins, as regulated digital money moves from pilot initiatives to broader execution across global financial markets.

Step Pharma Secures €2.5 Million EIC Grant To Advance Dencatistat In CTPS2 Null Gynaecological Cancers

By Amit Chowdhry ● Yesterday at 8:53 AM

Step Pharma has secured a €2.5 million blended finance grant from the European Innovation Council under the EIC Accelerator programme, with the award also including the potential for up to €10 million in equity investment. The funding will support the continued development of the company’s lead product, dencatistat, a first-in-class, highly selective, orally bioavailable CTPS1 inhibitor, for CTPS2 null ovarian and endometrial cancers.

SUSE Acquires Industrial IoT Platform Losant To Complete Edge Vision

By Amit Chowdhry ● Yesterday at 8:40 AM

SUSE, an enterprise open source software company, announced it has acquired Losant, an Industrial Internet of Things platform, in a move designed to complete its Edge strategy and expand its reach from the Near and Far Edge to the Tiny Edge. The acquisition positions SUSE to deliver what it describes as a full-stack open process automation platform for industrial IoT, combining infrastructure, orchestration, and application enablement at the edge.

Odynn: $9.5 Million Seed Funding Raised For AI Travel And Loyalty Infrastructure Platform

By Amit Chowdhry ● Yesterday at 8:32 AM

Odynn, an AI-powered platform that enables banks and fintechs to launch personalized travel and loyalty programs, has raised $9.5 million in seed funding led by Bonfire Ventures and co-led by Fiat Ventures. The company positions itself as the “AI Shopify for loyalty and travel,” helping financial institutions deploy personalized, branded travel portals in a matter of weeks rather than years.

Code Metal: $125 Million Series B Raised For Verifiable Code Translation Platform

By Amit Chowdhry ● Feb 21, 2026

Boston-based Code Metal, a company focused on verifiable code translation for mission-critical industries, has closed a $125 million Series B financing round led by Salesforce Ventures. Additional participants in the round include Accel, B Capital, Smith Point Capital, J2 Ventures, Shield Capital, Overmatch, RTX, and others. The company also announced that Ryan Aytay, former CEO of Tableau, has joined as President and Chief Operating Officer.

Jump: $80 Million Series B Secured For Expanding Advisor Intelligence Engine

By Amit Chowdhry ● Feb 21, 2026

Jump, an AI platform built for financial advisors and other financial services professionals, announced it has closed an $80 million Series B funding round led by Insight Partners. The round included participation from new investors F-Prime, Allianz Life Ventures, TIAA Ventures and Peterson Partners, along with existing backers Battery Ventures, Sorenson Capital, Pelion Venture Partners and Citi Ventures, as well as several angel investors. The financing brings Jump’s total capital raised to $105 million, following a $20 million Series A round led by Battery Ventures last year.

Freeform Announces $67 Million Series B To Advance Scalable AI-Native Manufacturing

By Amit Chowdhry ● Feb 21, 2026

Freeform announced that it has closed a $67 million Series B funding round to accelerate its mission of scaling advanced metal additive manufacturing and eliminate traditional constraints on production capacity. The company said demand for its platform now consistently exceeds available capacity, shifting its focus from validating the technology to rapidly scaling production.

Origen Technology: $50 Million Strategic Investment Secured For Scaling AI In Real-World Applications

By Amit Chowdhry ● Feb 21, 2026

Origen Technology, an artificial intelligence company focused on deploying AI in real-world commercial environments, announced it has secured a $50 million strategic investment from BlueFive Capital.

Stacks: $23 Million Series A Raised For Agentic Enterprise Finance Platform

By Amit Chowdhry ● Feb 21, 2026

Stacks, an agentic artificial intelligence platform built for enterprise finance teams, announced it has raised a $23 million Series A round led by Lightspeed Venture Partners, with participation from EQT Ventures, General Catalyst and S16VC. The financing comes less than a year after the company’s $12 million seed round led by General Catalyst, underscoring its early traction and growth momentum.

NuCube Energy: $13 Million Raised For Nuclear Technology

By Amit Chowdhry ● Feb 21, 2026

NuCube Energy announced it has secured $13 million in funding as electricity demand surges across artificial intelligence, advanced manufacturing, and industrial reshoring sectors in the United States. The financing round was led by Arizona Nuclear Ventures and included investments from Emission Reduction Corporation and individual investors Rob Walton and Jordan Rose Walton.

Mirai: $10 Million Seed Funding Raised For Building AI Capability Layer

By Amit Chowdhry ● Feb 21, 2026

Mirai announced it has raised $10 million in seed funding to build an on-device AI capability layer designed to make local inference accessible and efficient for developers. The round was led by Uncork Capital.

Hook: $10 Million Series A Closed For Expanding Licensed Fan Remix Ecosystem

By Amit Chowdhry ● Feb 21, 2026

Hook, an artist-first social platform for fan-powered music creation, announced it has raised $10 million in a Series A funding round led by Khosla Ventures, with participation from existing investors Point72 Ventures, Imaginary Ventures, and Waverley Capital. The round brings the company’s total funding to $16 million. Existing investors across the music ecosystem include Palm Tree Crew, Three Six Zero, Avex, The Raine Group, and musician and DJ KSHMR.

Rapidata: $8.5 Million Seed Funding Closed For Scaling Global Human Feedback Network

By Amit Chowdhry ● Feb 21, 2026

Rapidata announced it has raised an $8.5 million seed round to accelerate AI development by scaling on-demand human feedback for model training and evaluation. The round was co-led by Canaan Partners and IA Ventures, with participation from Acequia Capital and BlueYard Capital.

Quantonation Closes €220 Million Second Fund To Scale Quantum And Industrial Technologies

By Amit Chowdhry ● Feb 21, 2026

New York and Paris-based venture capital firm Quantonation Ventures has closed its second flagship fund at €220 million, surpassing its €200 million target and becoming the largest dedicated quantum investment firm globally by assets under management.

OSS Ventures Announces First Close Of €75 Million Fund To Expand European And US Software Portfolio

By Amit Chowdhry ● Feb 21, 2026

OSS Ventures, an industrial venture studio focused on building and scaling vertical software companies, announced the first close of its new €75 million fund dedicated to accelerating the digital transformation of manufacturing and industrial businesses across Europe and the United States.

Unicity Labs Raises $3 Million Seed Funding Round To Scale Peer-To-Peer Infrastructure For Autonomous AI Agents

By Amit Chowdhry ● Feb 21, 2026

Unicity Labs has raised $3 million in seed funding to advance its peer-to-peer cryptographic architecture designed for autonomous AI agents and agentic marketplaces. The round was led by Blockchange Ventures, with participation from Tawasal and Outlier Ventures. The company said the capital will support the development of the Unicity Protocol, which aims to enable AI agents to form trustless, peer-to-peer marketplaces at machine speed.

Hybridity AI Raises SEK 22 Million To Accelerate AI-Driven Compliance

By Amit Chowdhry ● Feb 21, 2026

Stockholm-based AI RegTech company Hybridity AI has raised SEK 22 million to accelerate the commercialization of its AI-native compliance platform, Hy5. Founded in 2023, the company has built a system designed to automate the most resource-intensive aspects of regulatory compliance, from interpreting complex regulations to ensuring ongoing adherence.

Mondra Merges With European Sustainability Intelligence Firm inoqo

By Amit Chowdhry ● Feb 21, 2026

Mondra, the leading Scope 3 SaaS solution for the retail sector, and inoqo, the premier European sustainability intelligence platform, have announced a strategic merger, creating a single, unified global entity focused on accelerating decarbonisation and strengthening resilience across the global food system.

Voloridge Acquires Harbourside Place Property To Expand Jupiter Footprint

By Amit Chowdhry ● Feb 21, 2026

Voloridge has acquired a portion of Harbourside Place in Jupiter, marking a significant expansion of its local presence and reinforcing its long-term growth plans in the region. The acquisition supports the creation of approximately 100 to 200 new high-tech and professional jobs and includes plans to construct a new building designed with an emphasis on health and wellness. The expansion reflects Voloridge’s strategy to attract top talent while fostering innovation across both finance and healthcare.

Caterpillar Acquires Mining Software Company RPMGlobal

By Amit Chowdhry ● Feb 21, 2026

Caterpillar has completed its acquisition of RPMGlobal Holdings Limited, expanding its portfolio of data-driven mining technology and software solutions to improve how customers plan, operate, and manage mine sites. The deal, first announced in October 2025, brings Brisbane-based RPMGlobal’s mining software expertise into Caterpillar’s Resource Industries segment. RPMGlobal is known for delivering data-driven software solutions across the mining value chain, helping operators optimize performance at every stage of the mining lifecycle.

TitanX Acquires FrontSpin In Eight-Figure Deal To Create Precision Dialing Solution

By Amit Chowdhry ● Feb 21, 2026

TitanX, a pioneer of the Phone Intent category, has acquired FrontSpin in an eight-figure transaction, unifying phone intent intelligence with enterprise-grade dialing technology to create what the company describes as a complete precision platform for phone-led sales teams.

Elvisridge Capital Forms Surface Innovation To Unite Innovative Concrete Technology And Surfacelogix

By Amit Chowdhry ● Feb 21, 2026

Elvisridge Capital has announced the formation of Surface Innovation, a new operating platform that brings together Innovative Concrete Technology and Surfacelogix under a single operating company. Surface Innovation is designed to combine the complementary strengths of both businesses while maintaining their distinct brands, product lines, and market focus. ICT and Surfacelogix will continue to operate independently in the marketplace but will now share resources to improve service, operational efficiency, and customer support across the hardscape and concrete coatings industries.

Versaterm Acquires Aloft To Integrate Airspace Intelligence Into Drone Operations Platform

By Amit Chowdhry ● Feb 21, 2026

Versaterm, a global provider of public safety technology solutions, has acquired Aloft, an FAA-approved Unmanned Service Supplier (USS) specializing in real-time airspace intelligence and flight authorization services. Aloft powers the majority of Low Altitude Authorization and Notification Capability (LAANC) authorizations in the United States, serving as critical infrastructure for compliant drone operations in complex and restricted airspace. As an FAA-approved USS, the company provides the regulatory backbone that enables operators to secure flight approvals and maintain airspace compliance.

FCH Acquires Axiflow Technologies To Expand Twin-Screw Pump Capabilities

By Amit Chowdhry ● Feb 21, 2026

FCH has completed the acquisition of Axiflow Technologies, a specialist in sanitary twin-screw pump solutions serving the food, beverage, and pharmaceutical industries. The transaction expands FCH’s presence in hygienic process applications and strengthens its position as a technology-driven manufacturer in high-purity fluid handling.

EncorVita Health Acquires Assets From Eterna To Expand Training In Aesthetic Clinics

By Amit Chowdhry ● Feb 21, 2026

EncorVita Health, a women’s health company focused on expanding care for women navigating perimenopause and menopause, has acquired provider-facing menopause and sexual health education and clinical assets from Eterna. The assets include intellectual property originally developed through more than a decade of clinical practice across multi-state women’s health clinics at HerMD.

Bain & Company Appoints Tom De Waele As Regional Managing Partner For Europe, Middle East And Africa

By Amit Chowdhry ● Feb 21, 2026

Bain & Company has appointed Tom De Waele as its new regional managing partner for Europe, the Middle East and Africa (EMEA), effective January 26. The announcement comes as the firm reports strong expansion across the region, delivering robust double-digit growth across its practices and capabilities.

Google: America-India Connect Initiative Expands Fiber-Optic And Subsea Infrastructure Across Four Continents

By Amit Chowdhry ● Feb 21, 2026

Google announced a major expansion of its global digital infrastructure with the launch of the America-India Connect initiative, a program designed to strengthen fiber-optic and subsea connectivity between the United States, India, and regions across the Southern Hemisphere. The initiative builds on the company’s previously announced five-year, 15 billion AI infrastructure investment in India and aims to increase the reach, reliability, and resilience of global digital networks.

Remitly Appoints Sebastian Gunningham As Chief Executive Officer

By Amit Chowdhry ● Feb 21, 2026

Remitly Global announced the appointment of Sebastian J. Gunningham as Chief Executive Officer and member of the Board of Directors, effective February 19, 2026. He succeeds Co-Founder Matt Oppenheimer, who is transitioning from the CEO role after nearly 15 years leading the company’s growth and will continue to serve as Chairman of the Board.

Energy Vault Raises $135.5 Million Financing And Reports First Positive Adjusted EBITDA

By Amit Chowdhry ● Feb 21, 2026

Energy Vault, a sustainable grid-scale energy storage and AI power infrastructure company, announced it has closed a financing transaction generating $135.5 million in proceeds, net of initial purchaser commissions. The company also previewed selected Q4 2025 financial results, highlighting its first positive quarterly Adjusted EBITDA and continued expansion into AI infrastructure and long-duration energy storage projects in Australia.

PolyGone Systems: Princeton University Spinout Raises $4 Million Seed Round To Scale Microplastic Monitoring And Removal

By Amit Chowdhry ● Feb 21, 2026

PolyGone Systems, a cleantech company and Princeton University spinout focused on microplastic monitoring and removal, announced it has raised $4 million in Seed funding to expand its filtration and water analysis capabilities. The round was led by FYRFLY Venture Partners, with participation from Tech Council Ventures, Interstate Fusion Ventures, Golden Seeds, and angel investors. The New Jersey Innovation Evergreen Fund matched $1.65 million of the raise.