Frontline Ventures, which provides venture capital to B2B software companies, announces two new investment funds totaling $200 million. These new funds, called Frontline Growth and Frontline Seed, focus on the transatlantic expansion of B2B software companies, driving innovation in both North America and Europe.
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Mindflow, a company specializing in Cyber and IT operations automation through AI technology, recently secured €5 million in a seed funding round. This investment was led by Auriga Cyber Ventures, Nauta Capital, Thales, and Olivier Pomel, the Co-founder of Datadog. The funding signifies an important phase in Mindflow’s development, aiming to redefine cybersecurity and IT operations through AI-powered automation.
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Helsinki is emerging as a prominent destination for venture capital (VC) investment and startups, especially as the global VC landscape looks for recovery from a notable downturn. Recognized for high-profit investments, strategic location, and strong support infrastructure, Helsinki is attracting international venture capitalists.
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Robot developer Riverfield will be is developing the Saroa Surgical System, a surgical assist robot, using VxWorks from Wind River. Riverfield is a robotics research and development company with a strong focus on medical devices. The Saroa Surgical System is a surgical assist robot that reproduces the sense-of-force tactile sensation using pneumatic pressure when driving its robotic forceps.
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Vection Technologies, provider of 3D and virtual reality (VR) solutions for enterprises, has unveiled 3DFrame for Webex by Cisco. 3Dframe is the no-code metaverse presentations App that brings Webex meetings’ content to life.
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Research: Metaverse could contribute 2.8% to global GDP in its first decade
Economic experts at Analysis Group, an international economics consulting firm, released a report suggesting that if metaverse adoption and impact evolves similarly to mobile technology, it could contribute 2.8% to global gross domestic product (GDP) in the 10th year after adoption begins.