Aramco Ventures believes generative AI will be part of helping the Saudi oil major meet its 2050 net zero target.
Category: Firms
Nvidia co-launches accelerator for AI startups in Singapore
The AI accelerator jointly created by Nvidia, Tribe and Digital Industry Singapore will choose 15 Singaporean startups for its first cohort.
Where are the Canadian CVCs?
Only 6% of large Canadian corporations invest in startups — and most of their spending is directed abroad, according to a new survey by Deloitte Ventures.
Sinclair and TelevisaUnivision earmark $50m for media fund
The mass media firms committed to Mercurius Media Capital’s new media-for-equity initiative, which is aiming to double its size by next year.
Tencent bets on China’s growing healthcare needs
Around 11% of Tencent’s startup investments have been in the healthcare sector over the past five years as the internet company diversifies.
Real estate developer Tokyu Land backs university deeptech fund
Japan’s Tokyu Land joined the Tokyo Metropolitan Government to back University of Tokyo’s third investment initiative, ASA Fund.
Chevron gets $500m for third Future Energy Fund
The US petroleum supplier will continue to target areas such as decarbonisation, energy storage and carbon capture.
Bain-backed VC focuses on AI for first investments
Bain alumni-founded Vendelux, Common Sense Privacy, Duckbill, Hived and Qube received funding from the management consultancy-backed fund.
Drinks maker Beam Suntory launches investment unit
Venture services firm Mach49 has helped the owner of alcohol brands Jim Beam, Maker’s Mark and Yamazaki to launch the CVC initiative.
Toyota Ventures gets $300m injection
Frontier Fund II and Climate Fund II have each received $150m to further explore technologies like AI and renewable energy for the carmaker.
Metalab launches $15m CVC unit
Metalab Ventures, backed by the interface design firm and other investors, will seek product-led startups from pre-seed to series A stages.
Rio Tinto to back seed startups through $9.5m accelerator
The joint programme with Founders Factory will target technologies strategic to the mining industry such as decarbonisation and automation.
Bupa APAC looks to fill funding gap for Australian healthcare startups
The UK-headquartered health insurer has set up a A$20m fund in Australia to back young startups in healthcare areas like genomics and wearables.
French nuclear energy provider Orano launches $54m CVC fund
Orano Venture Fund will run for five years and invest in about 20 industrial startups.