🤖 $260M Work AI Funding. $620M+ VC Funding Day.

Sawasdee 🎏

📈 Today's Global Economic Update: The British economy stagnated in July 2024, falling short of the expected 0.2% growth. Services saw a slight rise of 0.1%, while production and construction contracted by 0.8% and 0.4%, respectively.

👥 Deal of the Day: Glean, an enterprise Work AI platform provider, raised over a $260M Series E round to expand operations.

What's New?
🌍 Climate. Energy, animal-free dairy & mobility software
🩺 Health. Biotech
💻 Technology. Work AI & Quantum computers
📅 Economics. Euro area interest rate, Japan inflation, retail sales + more

🌍 Climate

🏭 ADNOC, the UAE’s national energy company, is set to acquire Covestro for $15.9B, a German chemicals firm.

🌱 Formo, a German biotech company creating animal-free dairy products, raised a $61M Series B from Lowercarbon Capital and M Ventures and launched its products in major grocery stores across Germany and Austria.

📲 Spare, a Canadian mobility software provider, raised a $31M Series B from Inovia Capital to accelerate the growth of its demand-responsive transit solutions.

🩺 Health

💊 Superluminal Medicines, a US-based biotech company, raised a $120M Series A, to support the progression of Superluminal’s lead program into clinical development.

💻 Technology

👥 Glean, a California-based enterprise Work AI platform provider, raised over in a $260M Series E round from Altimeter and DST Global, to expand operations.

🧑‍💻 Quantum Source, an Israel-based company developing practical photonic quantum computers, raised a $50M Series A, to enhance engineering capabilities and accelerate the commercialization of quantum solutions.

📅 Economic Calendar

Euro Area Interest Rate, Japan Inflation, Retail Sales+ More

Wednesday, September 11th 2024

🇺🇸 US Core Inflation Data, August
🇺🇸 US Inflation Data, August

Thursday, September 12th 2024

🇪🇦 Euro Area ECB Interest Rate Decision
🇺🇸 US PPI Data, August

Friday, September 13th 2024

🇺🇸 US Michigan Consumer Sentiment (Preliminary), September
🇨🇳 China Retail Sales Data, August

Tuesday, September 17th 2024

🇩🇪 Germany ZEW Economic Sentiment Index, September
🇨🇦 Canada Inflation Data, August
🇺🇸 US Retail Sales Data, August
🇯🇵 Japan Balance of Trade, August

Wednesday, September 18th 2024

🇬🇧 UK Inflation Data, August
🇺🇸 US Fed Interest Rate Decision

Thursday, September 19th 2024

🇬🇧 UK BoE Interest Rate Decision
🇯🇵 Japan Inflation Data, August

Friday, September 20th 2024

🇯🇵 Japan BoJ Interest Rate Decision
🇬🇧 UK Retail Sales Data, August

Like getting this newsletter? For unlimited access to more deals and economic updates, request a demo.

Thank you for reading. Have a great week ahead!
Have some feedback or want to sponsor this newsletter? Let us know at hello@holoniq.com