tech:

taffy

Paradromics raises $7 million

Paradromics, a company that says is developing bidirectional data streaming capabilities between brains and computers, has completed a $7 million seed round of financing. Arkitekt Ventures and Synergy Ventures led the investment round, with participation from It-Farm, Dolby Ventures, Alpha Edison, Loup Ventures, and existing investor, Fusion Fund.

The new funding adds to over $18 million in research funding from the Defense Advances Research Projects Agency (DARPA).

Enke Bashllari, the managing director of Arkitekt Ventures, has joined the Paradromics board.

[Image courtesy: Paradromics]

Also see:

UpdateAI raises $2.3M

Pasadena, Calif.-based UpdateAI, a ChatGPT-powered customer success platform that generates smart summaries of customer meeting notes and automates a follow-up workflow, has raised a $2.3 million funding round.

Ariga raises $18M (Israel)

Tel Aviv, Israel-based Ariga, a company that provides software engineering teams with a way to manage database schema changes efficiently, has raised $18 millon in a funding round from Tiger Global and TLV Partners.

Platformatic raises $3.5M

San Francisco, Calif.-based Platformatic, providers of a backend platform for developers, has raised $3.5 million. The funding round was led by venture capital firm Decibel, featuring contributions from Panache Ventures and angel investors.

Spellbook raises $10.9M (Canada)

Toronto & St. John's, Newfoundland-based Spellbook has raised $10.9 million in funding.

Axelera AI raises $50M (The Netherlands)

Axelera AI announced the addition of new investors in its Series A round, thereby raising the total amount to $50 million.