OTO, a Riyadh, Saudi Arabia-based logistics and shipping technology company, has secured SAR 30 million ($8 million) in Series A funding. Investors The round was led by Sanabil Investments, with participation from Sadu Capital, Iliad Partners, Propeller, and Soma Capital. Founded in 2009, Sanabil Investments is an asset management firm …

Cohere, a Toronto, Canada-based generative AI startup, has raised $500 million in Series D funding, at a $5.5 billion valuation. Investors The investment came from investors such as Cisco, AMD, and Fujitsu. This round also included participation from Canadian pension investment manager PSP Investments and Canada’s export credit agency EDC, …

StepHow, a Seoul, South Korea-based startup that specializes in developing AI-driven automation solutions for business manuals, has secured initial investments. Investors The investment was from Mashup Ventures, The Ventures, and Antler Korea. StepHow Use of Funds The company will use the funding to enhance its AI-driven solutions for automating business …

Carbon Neutral Research Institute (CNRI), a South Korea-based provider of life cycle assessment (LCA) solution, raised pre-Series A funding. Investors The round was from notable investors, including Seoul Techno Holdings, GS Ventures, and MYSC. CNRI Use of Funds The company will use the funding for its SaaS platform, LynC. About …

Botrista, a San Francisco, CA-based developer of data-driven automated beverage platform, has secured $120 million in Series C funding. Investor The round was led by Jollibee Foods Corporation (JFC), a global restaurant conglomerate with 18 brands operating in 33 countries. JFC invests in companies that enable food service operators to …

Edit Cloud, a London, UK-based company that provides cloud editing platform, has raised £2 million in funding. Investors The round was led by Edge VC, with participation from angel investors including Simon Ward of Inspired Thinking Group and creative technology entrepreneur Justin Cooke. Edge VC is a specialist investment firm …

aiXplain, a San Jose, CA-based provider of essential infrastructure for accelerated AI development, has raised $6.5 million in pre-Series A funding, bringing its total raised capital to $16.5M. Investors The round was led by Wa’ed Ventures, with participation from angel investors, including Osama Elkady, CEO and Co-founder of Incorta, and …