Here’s what you need to know today in startup and venture news, updated by the 附近上门 News staff throughout the day to keep you in the know.
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TikTok asks court to block ban
is seeking a court order to block the Trump administration from imposing a ban on its video-sharing app over alleged national security concerns.
In a Wednesday filing with a D.C. district court judge, TikTok argued that the proposed ban violates constitutional provisions for free speech and due process.
Meanwhile, TikTok鈥檚 Chinese parent company, , said it is seeking approval from Beijing for a plan to turn the short-video app into a U.S.-based company, a deal that involves partnering with and .
ChargePoint to be public company
Electric vehicle charging network said Thursday it will with energy special purpose acquisition company (NYSE: SBE). [Read more]
Funding rounds
- Ripjar raises $37M for fintech AI:聽, a U.K. fintech company who formerly worked in British intelligence, has raised $36.8 million in a Series B round led by . Its AI-driven technology is used in detection of financial crimes.
- MineralTree raises $50M, closes acquisitions: Accounts payable and payments automation solution provider announced a $50 million Series D investment round with participation from existing investors , and . In addition to the investment, MineralTree said it closed on two acquisitions of and .
- IONpath raises $18M: , a developer of ion beam imaging services announced an $18 million Series B financing led by . New investor was also involved, as well as existing investors including , , Paladin Partners Investments, Trancos IONpath Investors, and .
- Babson Diagnostics closes on $13.7M for blood sample analysis: Medical technology company announced $13.7 million in cumulative Series A funding, led by , Prism Ventures, and Lago Consulting Group. Babson鈥檚 technology is designed to analyze capillary blood samples using only one-tenth the volume typically collected with venipuncture without sacrificing quality, accuracy, or menu breadth, all from a simple finger stick.
- Spectrum Labs raises $10M to identify toxic online behavior: , which provides patent-pending technology and services to consumer internet brands to help identify toxic behavior online, secured a $10 million Series A investment led by , with participation from , , and .
- Omnirobotic inks $5M for factory robots: Canada-based , a robotics automation startup, said it closed on a $5 million seed round to further develop and commercialize its AI platform for factory robots. and led the round, with participation from and a joint venture including the company’s current employees.
- CameraIQ adds $5M to Series A: , developing an augmented reality platform for camera marketing, said it brought it an additional $5 million in Series A funding, bringing its total funding raised to-date to over $14 million. Led by s, the round also includes participation from existing investors , , , as well as new investors , and .
- Exizent secures $4.1M for bereavement platform: , a Glasgow-based technology firm, raised approximately $4.1 million from several investors, including , to build out a bereavement platform that connects data, services and the network of people involved when someone passes away so that the process is less stressful for family members experiencing loss.
- Data Gumbo closes $4M Industrial blockchain network: announced the first close of $4 million for its Series B funding round led by new investor with support from existing investors and. GumboNet enables participants to reduce contract leakage, free up working capital, improve cash and financial management, and deliver material provenance through the deployment of blockchain-powered smart contracts.
M&A
- Snyk acquires DeepCode:聽Cybersecurity unicorn announced that it is acquiring Swiss startup , a provider of machine learning-enabled code review tools, for an undisclosed sum.
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