Scale AI, a Montreal, Quebec-based Canadian AI Global Innovation Cluster dedicated to building the next-generation supply chain and boosting industry performance by leveraging AI technologies, announced record-breaking financing round with $117 million in investments supporting 15 projects in AI. The figure includes $77 million from various companies that stand to …

Procyon, a Santa Clara, CA-based company, launched a next-generation cloud-based privilege access management (PAM) solution for multi-cloud identity and access management and also announced that it raised $6.5 million in equity financing. The round was led by Lobby Capital, with participation from GTM Capital and First Rays Venture Partners. This …

Trace.Space, Riga, Latvia-based SaaS startup building AI-powered tools for engineering product development, raised $1.5 million in pre-seed funding. The round was led by Fiedler Capital, with participation from Nebular, Tiny VC, Foreword VC, Microsoft’s former GM Charlie Songhurst, and Change Ventures. The company will use the proceeds to grow the …

EthonAI, a Zurich, Switzerland-based AI-powered platform that detects, monitors, and prevents quality defects in manufacturing, raised $6.8 million in seed funding to bring its cutting-edge quality management platform to a broader market. The round was co-led by Earlybird and La Famiglia, with additional investment from existing investors, Wingman and Acequia …

Venwiz, a Bengaluru, India-based industrial services platform, raised $8.3 million in Series A funding for product enhancement and team expansion, bringing the total capital raised to $11.3 million. The round was led by Sorin Investments, with participation from Accel and Nexus Venture Partners, JAFCO Asia, Riverwalk Holdings, and Force Ventures. …

Sandbox AQ, a Silicon Valley, CA-based quantum computing software startup that spun off from Alphabet Inc. last year, closed a $500 million round of funding. Breyer Capital, T. Rowe Price funds, Salesforce Inc. founder Marc Benioff's TIME Ventures, and Chairman Eric Schmidt, the former CEO of Google LLC, all participated …

Capsule, a New York-based startup that provides a collaborative video platform, closed on $4.75 million in seed funding to commercialize the product. Investors backing the company in the new seed round that closed late January include Human Ventures, Swift Ventures, InVision founder Clark Valberg’s Tiferes Ventures, Behind Genius Ventures, plus …