⚡April witnessed a strong wave of investments in the technology sector, with total funding exceeding $2.37 billion spread across 93 deals. Here are the most notable deals that caught attention:
The largest deal:
Auradine secured a massive investment of $153 million to enhance cybersecurity solutions and digital infrastructure.
Other major deals:
LayerZero attracted $55 million to develop blockchain technologies, while Alpaca received $52 million to enhance its decentralized finance platform.
Strong competition in the artificial intelligence sector:
Nous Research managed to attract $50 million to develop advanced artificial intelligence solutions, and both Blackbird and Wunder Social secured $50 million each to enhance web3 experiences and digital communication.
Innovative projects stand out strongly:
Meanwhile secured $40 million to reimagine the concept of digital insurance, while Symbiotic attracted $29 million to develop decentralized finance tools.
* A strong push for future technologies:
Miden managed to secure $25 million to build its advanced network, while Camp Network received $25 million to drive development in the metaverse.
Why is April considered an exceptional month?
Artificial intelligence and blockchain technologies dominated most investments, accounting for nearly 70% of the total funding. The month also saw a noticeable increase in the number of major deals compared to the previous month.