VOI FOUNDERS LAUNCH AI STARTUP PIT WITH $16M SEED
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Pit, a new AI startup founded by the cofounders of European scooter company Voi, has secured $16 million in seed funding led by Andreessen Horowitz. The Stockholm-based startup joins a growing wave of AI ventures emerging from the Nordic region.
■ MORE FROM THE STARTUPS DESK
Humanoid, a London-based robotics company, secured $150 million in its Series A first tranche at a $1.2 billion pre-money valuation. The startup is targeting an additional $80-100 million by September.
African startups are shifting strategy as global venture capital flows toward US-based artificial intelligence companies. The capital drain is forcing emerging market entrepreneurs to seek alternative funding sources.
Fora, an online platform serving travel agents, has raised $60 million in new funding at a $1 billion valuation. The capital will fund artificial intelligence tools designed to help travel advisers streamline and expand their operations.
AI-powered travel agency Fora has reached a $1 billion valuation after closing a $60 million Series D funding round. Forerunner and Tactile Ventures led the investment.