Funding – News

AI Startup Secures $9 Million to Tackle Industrial Inefficiencies in Middle East

A new artificial intelligence startup has secured $9 million in funding to address massive inefficiencies in critical Middle Eastern industries. The company targets sectors where mega-projects frequently run over budget and behind schedule.

Major Funding for Industrial AI Solutions

Artificial intelligence startup 1001 AI has reportedly secured $9 million in funding to develop AI infrastructure for critical industries across the Middle East and North Africa region, according to recent reports. The funding, announced in October, will enable the company to advance its mission of addressing significant inefficiencies in sectors including aviation, construction, and oil and gas.

by Jessica Moore P.E.October 20, 2025November 2, 2025

Funding Startups

Oxford Biotech Firm Wild Bio Secures $60M for AI-Driven Crop Innovation

Wild Bioscience, the Oxford-based agricultural technology company co-founded by Irish professor Steve Kelly, has reportedly secured $60 million in Series A funding. The investment round was led by the Ellison Institute of Technology to accelerate the development of climate-resilient crop varieties using artificial intelligence and precision breeding techniques.

Major Funding for Agricultural Innovation

Wild Bioscience, the Oxford University spinout co-founded by Irish academic Prof Steve Kelly, has reportedly raised $60 million in a Series A funding round led by the Ellison Institute of Technology (EIT). According to reports, the substantial investment will accelerate the company’s mission to develop improved crop varieties using genetics research and precision breeding technologies to address global sustainability challenges in agriculture.

by Jessica Moore P.E.October 20, 2025November 2, 2025

Funding Startups

Oura Raises $900M Funding at $11B Valuation for Smart Ring Expansion

Oura has raised $900 million in new funding led by Fidelity Management & Research Company, valuing the smart ring maker at approximately $11 billion. The Finnish company plans to expand AI capabilities, health features, and global distribution while dominating the smart ring market.

Finnish health technology company Oura has secured a massive $900 million funding round that doubles its valuation to approximately $11 billion, signaling strong investor confidence in the smart ring market’s growth potential. The funding was led by Fidelity Management & Research Company with participation from new investor ICONIQ and contributions from existing backers Whale Rock and Atreides Management. This substantial capital infusion comes just months after the company’s previous round in December, demonstrating rapid acceleration in both valuation and market position for the smart ring manufacturer.