AI investment research platform LinqAlpha has raised $22 million in Series A funding, led by AVP and others.
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"Derui Pharma" completes $52 million Series B financing.
Mars Finance reports that Derui Pharma, a technology company focused on AI-driven new drug development, has announced the completion of a $52 million Series B financing round, with multiple investment institutions and industry funds participating. Kaicheng Capital served as the exclusive financial advisor for this round. The funds raised will be primarily invested in the in-depth technological iteration of the company's self-developed full-chain AI pharmaceutical engine, MAP (Molecule Arts Platform), continuously improving its multi-agent collaborative system and clinical data-in-the-Loop. Simultaneously, the company will advance the Phase III clinical development and commercialization of its self-developed oral GLP-1RA small molecule MDR-001, accelerating the expansion of its differentiated innovative drug pipeline.
Mowito, a physics-based AI startup, has raised $3 million in funding to train factory robots through demonstrations rather than code.
PANews reported on July 8 that, according to the Economic Times, physics AI startup Mowito has completed a $3 million Pre-Seed funding round, led by Version One Ventures, with participation from All In Capital, Unisol, and iSeed. AI researcher Soumith Chintala and founders of Foundry Robotics, Better Capital, and other companies participated as angel investors.
KOR Protocol raises $7.5 million in Series A funding, valuing the company at $100 million.
According to ChainCatcher, KOR Protocol, an on-chain clearinghouse in the entertainment sector, has announced the completion of a $7.5 million Series A funding round, valuing the company at $100 million. Investors include 1kx, Blockchain Capital, and previous investors such as Republic Crypto, Sfermion, Alumni Ventures, and SevenX.
Tether makes a $20 million strategic investment in Mercado Bitcoin to accelerate on-chain infrastructure development in Latin America.
Mars Finance reports that stablecoin issuer Tether has announced a $20 million strategic funding round for Latin American on-chain financial services platform Mercado Bitcoin. This funding will support Mercado Bitcoin's development in asset tokenization, payments, lending, capital markets, and compliant digital financial services. Founded in 2013, Mercado Bitcoin has expanded from a digital asset trading platform into a comprehensive on-chain financial infrastructure platform, covering trading services, tokenized investment products, lending, stablecoin payments, banking infrastructure, and cross-border financial services. The funds raised will primarily be used to expand payment infrastructure, increase the scale of tokenized products for institutional and retail investors, develop lending business, advance on-chain capital markets, seek strategic partnerships, and drive international expansion.
EDX Markets completes $76 million Series C funding round
According to Foresight News , Citadel-backed cryptocurrency exchange EDX Markets has completed a $76 million Series C funding round, led by SBI Holdings. This funding will support EDX's continued growth, enabling it to expand its trading, clearing, and settlement capabilities, accelerate product development, and scale its global operations.
AI-powered legal services company Norm has raised $120 million in funding, led by Khosla Ventures.
PANews reported on July 7th that, according to Bloomberg, AI legal startup Norm has completed a new funding round of $120 million, valuing the company at approximately $1.2 billion post-money. The round was led by Khosla Ventures, with participation from Blackstone, Bain Capital Ventures, Coatue Management, and others, bringing its total funding to over $260 million. Founded in 2023, Norm differs from traditional software vendors by operating its own Norm Law firm, providing clients directly with legal services delivered by lawyers and AI engineers, charging based on results rather than hourly rates. The company is also developing "AI-driven regulatory AI" compliance agents for regulated industries such as finance and healthcare, and plans to use the new funding to expand its engineering and legal teams and strengthen its systems.