What happened in the startup ecosystem this week? 40

Startups, unlike traditional businesses, are established with the goal of rapid growth and often take risks and receive a large amount of investment. These investments are used to accelerate the growth of the business and they often develop projects that focus on technological innovation. However, the survival and growth of startups is often a challenging process.

Entrepreneurs have to constantly improve their product and business model, impress their customers and satisfy investors in order for their business to succeed. A successful startup is achieved with a team that believes in and is excited about its product, a business model that meets the needs of customers, and proper management of its financial resources. Building a startup therefore requires a great deal of risk and dedication, but can offer significant rewards when it succeeds. Let’s see what happened in the startup ecosystem this week.

Also See: Unstructured Receives $40 Million Investment

Startups that received investment

LG Electronics may no longer be a name in smartphones, but it still sees a big future in devices like robots. The company today confirmed a $60 million investment in Bear Robotics, a Californian startup that makes AI-powered waiter robots (autonomous tray towers on wheels that are intended to replace waiters) for restaurants and other venues.  Click for more information.

Ocient, the leading data analytics software solutions company, announced that it has closed $49.4 million in financing. This latest raise is an extension of Ocient’s Series B financing, previously led by Greycroft and OCA Ventures.  Click for more information.

Kaedim, which offers tools to make it easier to create 3D asset content, announced that it has raised $15 million in a Series A funding round. The startup recently launched a new AI-powered marketplace of 10,000 pre-built 3D assets, which will also showcase user-generated 3D assets.  Click for more information.

Technology company Wisersense draws attention with its innovative solutions in the field of artificial intelligence. The company announced that it has completed a new financing round worth 630 thousand euros. Click for more information.

DraftWise announced that it has received $20 million investment led by Index Ventures in a series A investment round. Y Combinator and Earlybird Digital East Ventures also participated in the investment round.  Click for more information.

Unstructured, a startup that prepares user data for big language models, announced that it has received $40 million in investment. Unstructured raised $40 million in a Series B investment round. Click for more information.