Africa's Markets, Startups & Money Moves — Updated Daily

OpenAI Researcher Miles Wang to Launch AI Drug Discovery Startup

Miles Wang, an OpenAI researcher whose work includes using AI to accelerate scientific and biological discovery to launch a new startup focused on developing AI models for drug discovery

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Zetwerk Secures Approval from SEBI for Its IPO

Zetwerk has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), according to sources aware of the development.

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SolarSquare Raises $53 Million in Its Series C Funding Round

Solar rooftop startup SolarSquare recently raised $53 million in its Series C funding round led by B Capital, with participation from existing investors including Lightspeed, Lowercarbon, Rainmatter.

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Triomics to Bring Oncology-Specific AI to Cancer Centers

Triomics, a startup building an AI-powered platform to help oncologists and administrative staff automate data-heavy tasks

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Military Drone Startup Helsing Close to Raising a New $1.2 Billion Round

Five-year-old European military drone startup Helsing is reportedly close to raising a new $1.2 billion round at about an $18 billion valuation.

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Healthcare Automation Startup Coral Raises $12.5 Million

Coral, a healthcare automation startup focused on the US administrative market, has raised $12.5 million from Z47 (formerly Matrix Partners India) and Lightspeed.

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Portkey Raises $15 Million in a Series A Round

Artificial intelligence apps building platform Portkey has raised $15 million in a Series A round led by Elevation Capital, with participation from existing investor Lightspeed.

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Emversity Closes $30 Million in Series A Funding Round

Emversity has raised $30 million (Rs 271 crore) in a Series A funding round led by Premji Invest, with participation from Lightspeed and Z47.

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Rain Secures $250 Million in Series C Funding

Rain, a NYC-based provider of an enterprise-grade infrastructure for stablecoin-powered payments, raised $250M in Series C funding.

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