Knox lands $6.5M to compete with Palantir in the federal compliance market
While highly sought after, federal software contracts frequently come with a hidden cost: Achieving government SaaS security compliance, known as FedRAMP, can take years and require substantial resources. Achieving this certification typically takes up to three years and costs more than $3 million, covering everything from security operations engineer salaries to security audits
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Rivian spinoff Also raises another $200M to build e-bikes and more
The micromobility startup that spun out of Rivian this year, was raised $200 million from Greenoaks Capital. Also, French AI startup Mistral is in talks to raise up to $1 billion in equity from investors including Abu Dhabi’s MGX fund, reports Bloomberg
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European VC breaks taboo by investing in pure defense tech from Ukraine’s war zones
With a fundraising target of €25 million, Darkstar’s goal is to help startups bring battle-tested products to military customers both in Ukraine and throughout Europe.
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LangChain is about to become a unicorn, sources say
AI infrastructure startup LangChain is raising a new round at about $1 billion valuation led by IVP.
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Why this LA-based VC firm was an early investor in Slate Auto
Slate Auto, which came out of stealth mode earlier this year with a surprising – and surprisingly affordable – customizable electric truck, has raised $700 million to date. But long before the EV startup broke cover, it quietly raised a Series A round of more than $100 million in 2023.
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