

AI versus SaaS, EV charging, and a new $250M fund
18 snips Jan 17, 2024
Vertice secures $25 million to help companies cut cloud costs with AI-driven tools. Electra grabs $330 million to expand its EV charging network, betting on long-term success. Meanwhile, Build a Rocket Boy raises $110 million, hinting at exciting gaming releases on the horizon. Thomvest launches a new $250 million fund, signaling robust investment opportunities. Additionally, there's a spotlight on emerging trends in startup funding and a hopeful outlook for African entrepreneurs.
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AI-Powered Savings
- Virtus uses AI to analyze software spending and help companies save money.
- Its annual recurring revenue grew sevenfold in 2023, attracting venture capital interest.
EV Charging Investment
- Electra, building an EV charging network in Europe, secured $330 million in Series B funding.
- This entirely equity-based round highlights investor confidence in EV charging infrastructure.
Gaming Investment
- Build a Rocket Boy, founded by a former Grand Theft Auto developer, raised $110 million in Series D funding.
- This investment signals strong belief in their upcoming, yet-to-be-released game titles.