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Investments & Funding;Startups

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

The African Development Bank Group has approved a EUR 6.5 million commitment to the Saviu II venture capital fund to strengthen seed-stage technology financing in Francophone West and Central Africa. The investment, supported by the European Commission under Boost Africa, aims to accelerate digital entrepreneurship and regional market integration.

Central Africa;Western Africa | 3 hours ago

Mergers & Acquisitions

US Commerce Department to invest up to $150 million in in chip laser startup

The U.S. Department of Commerce plans to invest up to $150 million in xLight, a startup developing free-electron laser systems for semiconductor lithography. The proposed funding marks the first investment under the administration’s semiconductor R&D framework.

3 hours ago • United States

Startups

AI Search Startup Onton raises $7.5 million seed round to expand AI-driven search platform globally

Onton has raised $7.5 million in seed funding led by Footwork, with participation from Liquid 2, Parable Ventures and 43, bringing total funding to about $10 million. The capital will support product expansion, team growth and international market development.

3 hours ago • United States

AI & Automation

NVIDIA unveils £2 billion plan to boost the U.K.’s AI startup landscape

NVIDIA has announced a £2 billion investment to supercharge the United Kingdom’s artificial intelligence startup ecosystem. The initiative aims to improve access to advanced computing, support emerging AI founders, create jobs, and strengthen the U.K.’s global standing in the AI sector.

3 hours ago • United Kingdom

Latest News

Transportation | 2 hours ago

NHAI awards HAM-based Odisha ring road contract to H.G. Infra Engineering

India’s highway authority has issued a project award to H.G. Infra Engineering for a six-lane access-controlled ring road segment in Odisha under the HAM framework, expanding the contractor’s order book and reinforcing long-term annuity-led infrastructure development in eastern India.

Business & Corporate | 3 hours ago

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

Industry & Manufacturing | 2 hours ago

STRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansion

STRABAG’s subsidiary ZÜBLIN has secured two large-scale contracts from Codelco to advance the underground transformation of the Chuquicamata copper mine in Chile. The project includes more than 54 kilometres of tunnelling and critical infrastructure works, with completion targeted for 2031 and a workforce of around 1,200.

Agriculture & Food | 2 hours ago

Mizoram tables ₹174.7 billion FY27 budget prioritising agriculture and connectivity

Mizoram has proposed a ₹174.7 billion budget for FY2026–27, with allocations focused on agriculture, connectivity and social infrastructure. The plan includes continued funding for farmer support programmes and supplementary grants of ₹37.24 billion for the current fiscal, reflecting a calibrated approach to fiscal management and development spending.