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Funding plans: Optibus plans to expand its software platform to cover all public transportation planning and operations. It’s also looking to expand into new product and service offerings including real-time operations and electric vehicle management.
Startup: Metatheory is an entertainment company attempting to build Web3 games and virtual worlds.
Latest funding: $24 million, series A
Lead investor: Andreessen Horowitz
Other investors: Pantera Capital, FTX Ventures, Breyer Capital, Merit Circle, Recharge Thematic Ventures, Dragonfly Capital Partners, Daedalus, Sfermion, Global Coin Research
Funding plans: Metatheory wants to build virtual worlds with franchisable IPs. Its first game, DuskBreakers, launched last December, selling 10,000 NFTS in just six days.
Startup: Tractian is a Brazilian-based developer of tools that monitor machines and electrical infrastructure.
Latest funding: $15 million, series A
Lead investor: Next47
Other investors: Y Combinator
Funding plans: The company will continue to develop its product while looking to expand its team size and geographical presence.
Startup: ZMO.ai is a Chinese company using ML technologies to generate virtual models for e-commerce clothing sites.
Latest funding: $8 million, series A
Lead investor: GL Ventures
Other investors: GGV Capital, GSR Ventures
Funding plans: ZMO wants to try other models, like GPT-3, to allow the models to talk.
Startup: Kaizan is a London-based company that is building client intelligence platforms to help companies grow revenue.
Latest funding: $1.2 million, pre-seeding funding
Lead investor: Jigsaw
Other investors: Entrepreneur First, Charlotte St Capital, Founders Factory, Silicon Roundabout Ventures, NICE, Ledger, IPONWEB, MIQ, Gtmhub
Funding plans: Kaizan plans to use the funds to continue its R&D
Startup: Cyscale is a British developer of a cloud-monitoring platform to enable better visibility and security.
Cyscale founders Ovidiu Cical, right, and Manuela Ticudean, left.
Latest funding: $3.2 million,
Lead investor: Notion Capital
Other investors: Seedcamp, GapMinder, founder of Wercker Micha Hernandez van Leuffen, and David Mytton, founder of Console.dev and Server Density
Funding plans: The funding will be used to grow the team and enable international expansion
In other news
Venture capital firm Flying Fish launches $70 million AI/ML fund
The Seattle-based VC plans to invest in early-stage machine learning and artificial intelligence startups across the U.S.
This is Flying Fish's second fund; its first was a $37 million fund that primarily focused on tech startups in the Pacific Northwest. It has previously backed the likes of smart calendar tool makers Reclaim.ai, virtual assistant developers Finn AI and e-commerce startup MessageYes, which was acquired by Nordstrom.