BlaBlaCar, a French carpooling service, has raised $114 million from French national railway SNCF and previous investors to buy Ouibus, a bus service previously run by SNCF. BlaBlaCar says owning Ouibus opens the door to working with other bus companies throughout Europe.
XM Cyber, an Israeli startup that uses artificial intelligence to guide automated responses to cyberattacks, raised $22 million in its most recent funding round. CEO and co-founder Noam Erez says the capital will be used to expand the company's sales, marketing and engineering efforts.
Guardian Optical Technologies, an Israeli computer vision startup, raised $2.5 million to press ahead with current projects, including a system that uses artificial intelligence to monitor what's going on inside cars. The Toyota-backed Mirai Creation Fund led the round to which this capital is an extension.
Ridecell, a startup that runs a fleet-management software-as-a-service platform, has raised more than $60 million in an extended round. Investors include BNP Paribas, LG Technology Ventures, Munich Re/ERGO Corporate Venture Fund and the Sony Innovation Fund.
ParkWhiz, a startup that uses technology to identify and charge fees for vehicles pulling into parking facilities, raised $5 million in an equity deal, an extension to its most recent funding round. Amazon's Alexa Fund joined the deal.
Europe's entrepreneurs have struggled for years to find capital, but that obstacle to growth may become a thing of the past. The availability of venture capital in Europe is surging, and unicorn valuations are rising faster there than in the US or Asia.
Banks are going digital to fend off the market entry of fintech firms eager to gain a foothold in consumer banking. DBS is finding that digital customers are more than twice as profitable than those who do branch-based banking.
Blockchain technology holds the potential to transform cross-border currency transfers. The Interbank Information Network project is showing that the technology works.
More US money managers are following sustainable investing strategies, as impact investing totals hit $12 trillion, reports Washington, D.C.-based Forum for Sustainable and Responsible Investment, or US SIF. "We're seeing more demand for sustainable and responsible investing, and more individual issues gaining attention, such as climate risk, board issues, tobacco and transparency," US SIF's Meg Voorhees said.