Bootstrapped for 8 years, Xensam has now snapped up $40M for AI that manages software assets

Software asset management — an area of enterprise IT designed, in part, to help companies save money — continues to draw a lot of money itself. In the latest development, Xensam — a startup out of Stockholm that provides AI-based tools to help businesses understand and track where and how software is being used — … Read more

Prove Identity nabs $40M at a “unicorn status” valuation to expand in mobile-based authentication tech

Prove Identity, the smartphone-based identity verification startup that originally made its name years ago as Payfone before rebranding in 2020, has raised $40 million. According to the company, the funding is coming in at a “unicorn status” valuation which would pip it past the $1 billion mark. The company, which has around 1,000 business customers, … Read more

Science lab automation and robotics startup Automata raises $40M

Automata, a company that combines software and hardware to automate science labs around the globe, has raised $40 million in an equity-based round of funding, as the U.K.-based startup looks to double down on recent growth across Europe and the U.S. Founded out of London in 2015, Automata in its original guise targeted myriad industries … Read more

Mycoprotein producer Sufficient raises €40M towards doubling its manufacturing capability

Making protein out of mushrooms is just not a brand new idea; nevertheless, Sufficient believes its expertise — and the power to scale manufacturing rapidly — will set it aside. The Scotland-based firm grabbed €40 million ($43.5 million in right this moment’s {dollars}) in new development funding to check out that concept. Sufficient is pumping … Read more