Riding high on open source ERP, Odoo raises $527M via secondaries lifting its valuation to $5.26B

[ad_1] Belgium-based Odoo decided to use open-source tools as a way to attack the enterprise resource planning (ERP) software market, going up against giants like SAP. Fast forward a couple of decades and it’s now picking up €500 million in secondary investment — or around $527M at current exchange rates — led by CapitalG (Alphabet’s … Read more

Portugal’s Tekever raises $74M for dual-use drone platform deployed to Ukraine

[ad_1] Dual-use drone startup Tekever has raised €70 million ($74 million) to develop its product and expand into new markets, specifically the U.S.. The news is part of a trend of smaller tech-driven startups moving into markets normally dominated by large ‘defense primes’. It also shows that unmanned aerial drones are becoming far more sophisticated, … Read more

The Exploration Company raises $160M to build Europe’s answer to SpaceX Dragon 

[ad_1] Only two companies currently provide cargo delivery to and from the International Space Station, and both are based in the United States. The Exploration Company, which operates out of Germany, France, and Italy, is looking to change that: It just closed a large funding round to further its mission of building Europe’s first reusable … Read more

Drone manufacturer Skydio raises $170 million extension round 

[ad_1] American drone manufacturer Skydio has raised an extension round of $170 million, adding onto the $230 million Series E it closed early last year. The new tranche of funding brings in strategic investors like Japanese telecom operator KDDI and Axon, the creator of the taser and other police tech. It also includes previous investors, … Read more

Tessl raises $125M at at $500M+ valuation to build AI that writes and maintains code

[ad_1] Many startups and larger tech companies have taken a crack at building artificial intelligence to code software. Now, another new player is coming out of the shadows to throw its hat into the ring, with a mission to fix the many problems that will arise when humans and all those AIs are all writing … Read more