Yazar: IŞIL AKPINAR

GxLocal aims to strengthen its presence in cross-border e-commerce with the technology investment from Vanora Ventures. Founded by Timur Tandoğar, Co-Founder of Evidea, GxLocal offers end-to-end product and service solutions that enable exporting companies to reach global markets faster and more efficiently. The company supports brands to grow on a global scale by providing solutions to challenges such as international price parameters, customs procedures and regulations.

Cohere, whose customers include big names like Spotify, Salesforce and Shopify, aims to grow its technical team with the new investment. Toronto-based artificial intelligence startup Cohere raised $500 million from Cisco, AMD, Fujitsu, PSP Investments and EDC in an investment round with a valuation of $5.5 billion. Cohere, founded by former Google employees Aidan Gomez, Ivan Zhang and Nick Frosst, aims to enable individuals and businesses to harness the power of artificial intelligence by developing big language models that everyone can access and use. Offering solutions in the fields of AI-based text creation, text analysis, summarization and translation, the startup enables language customization according to user needs.

Turkish fintech startup Smart Advice received an investment from Artificial Intelligence Venture Factory and İş Portföy Digital Venture Capital Fund, the financial details of which were not disclosed to the press. Smart Advice offers AI-powered financial solutions to companies and institutions in the fields of banking, investment, pension and asset management. Founded in Istanbul in 2017, the startup provides services such as software development, product design and user experience testing.

Hungary-based Lead Ventures has launched a new €100 million fund to support startups in Central and Eastern Europe. Focusing on long-term value creation, Lead Ventures plans to invest between €2 million and €10 million in seed and Series A rounds. 

Just 17 years old Eric Zhu's startup, which he started in a high school bathroom, is coming out of stealth with an investment of 2.3 million dollars. The startup, founded by Zhu, attracted attention in a short time and completed an important investment round. 

Seattle-based startup Phaidra has received a $12 million investment led by Index Ventures for its “virtual plant operator” technology that uses artificial intelligence to manage industrial operations. The investment will be used to expand the company's industrial AI solutions and improve energy efficiency. 

Fuzul Ventures, the young subsidiary of Fuzul Holding, one of Turkey's one of the well-established institutions, continues its investments without slowing down. Fuzul Ventures made its latest investment in WeBee, which has a valuation of 6 million dollars. Fuzul Ventures, which operates to encourage entrepreneurship and innovation, continues to contribute to the growth of the entrepreneurship ecosystem by investing in WeBee, a digital platform that facilitates hotel management.

Cloud-based design platform Figma has raised $700 million in an investment round co-led by Coatue Management, Alkeon Capital Management and General Catalyst Partners. This round of investment increased the company's valuation to $12.5 billion. 

Fintech startup wamo has announced that it has received an additional $5 million in a new round of investment, following a previous investment of $1.5 million from Finberg and Re-Pie. Logo Ventures, Finberg and Re-Pie took part in this round. Thus, Wamo's total investment amount reached 11.8 million dollars. 

Leya, which offers digital solutions for the legal sector, received an investment of 25 million dollars for its innovative platform that accelerates the workflow of lawyers. This investment will enable Leya to strengthen its technological infrastructure and deliver its services to a wider audience.