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Funding news

iPiD secures $5.3M from MonkHill, QED, Quona Cap

iPiD, a fintech startup specialising in payee verification and identification solutions, has secured $5.3 million in an oversubscribed pre-Series A funding round led by Monk’s Hill Ventures and joined by Quona Capital, QED Investors, and existing partners.

The funds will support product development to prevent payment-related fraud and expand iPiD’s presence in strategic markets, particularly Asia and Europe.

“This investment empowers us to tackle the pressing challenges in the payment industry—enhancing security and simplifying compliance. By advancing our validation technologies, we’re not just responding to regulatory demands; we’re actively enhancing trust and efficiency in global payment ecosystems that are increasingly targeted by fraudsters,” Damien Dugauquier, CEO and Founder of iPiD, said.

iPiD’s flagship product, Validate, verifies payee names and account details to combat fraud and enhance customer experience. iPiD serves customers across six continents, covering over 2.8 billion accounts and 6,000 banks.

Aegeus Tech raises debt round from Caspian Debt

Aegeus Technologies, a provider of IoT-driven green robotics solutions, has raised an undisclosed amount of venture debt from Caspian Debt to use for working capital and expansion.

Founded in 2017 by Suraj Vernekar and Nishith Shah, the company focuses on leveraging robotics, AI, and ML to revolutionise the operation and maintenance (O&M) of solar plants.

Its flagship product, Intelligent Waterless Solar Panel Cleaning Robots, is installed in over 8GW solar plants across India. The technology aims to enhance efficiency and return on investments by eliminating the need for water and manual cleaning efforts.

Other news

Qlik launches Talend Cloud and Answers to accelerate AI adoption

Qlik announced Qlik Talend Cloud and Qlik Answers at Qlik Connect 2024, aiming to eliminate barriers to enterprise AI adoption.

“Qlik is accelerating AI’s business value with the launch of Qlik Talend Cloud and Qlik Answers,” said Mike Capone, CEO of Qlik. “These innovations position us to meet market opportunity for end-to-end, technology-agnostic AI solutions. Thanks to our well-placed investments, extensive R&D, and deep partnerships, we provide a seamless, scalable path for enterprises to adopt AI, backed by Qlik’s incredible customer success track record,” he added.

Qlik Talend Cloud, a result of Qlik’s acquisition of Talend, offers no-code to pro-code AI-augmented data integration, ensuring data quality and governance. Qlik Answers, an AI-powered knowledge assistant, provides reliable, explainable insights from unstructured data. Both solutions are designed to enhance data integration and leverage AI, promoting competitive advantage.

(This article will be updated with the latest news throughout the day.)