African defensetech Terra Industries, founded by two Gen Zers, raises additional $22M in a month Just one month after raising $11.75 million in a round led by Joe Lonsdale’s 8VC, African defensetech Terra Industries announced that it’s raised an additional $22 million in funding, led by Lux Capital. Nathan Nwachuku, 22, and Maxwell Maduka, 24, launched Terra Industries in 2024 to design...

Trump is threatening to block a new bridge between Detroit and Canada from opening FILE - The Saginaw passes construction on the Gordie Howe International Bridge connecting on the Detroit River connecting Windsor, Ontario and Detroit, Oct. 25, 2023....

Canva acquires startups working on animation and marketing On Monday, creative suite maker Canva announced the dual acquisition of startups Cavalry, which works on animation, and Mango AI, which works on improving ad performance. UK-based Cavalry works on 2D motion animation for different verticals such as advertising, marketing, gaming, and generative art. Canva said that Cavalry’s tooling...

Peak XV raises $1.3B, doubles down on AI as global VC rivalry in India heats up Peak XV announced on Friday that it has raised $1.3 billion across new India and Asia-focused funds. The firm, which now manages more than $10 billion in assets, is sharpening its focus on artificial intelligence and cross-border bets amid intensifying competition for deals in the region. The capital will be...

Skyryse, a company focused on making flying easier and safer, has recently raised an impressive $300 million in funding. With this new investment, the company's total value has reached $1.15 billion. Skyryse is working on a universal operating system designed for all types of aircraft, including helicopters. This system aims to streamline the flying experience, making it more accessible to...