Exceptional: Sequoia can make very first defense tech expenditure in Mach Industries

June 15 (Reuters) – Protection startup Mach Industries has raised $5.7 million in a seed round led by Sequoia Money, the first-ever protection tech financial investment in the undertaking capital giant’s historical past, the two providers explained.

Sequoia’s funding of a technological innovation that aims to use hydrogen creation on the battlefield indicators the most current fascination from Silicon Valley investors in backing technologies that bolster U.S. countrywide stability and performing with the Division of Protection.

“There is a engineering changeover happening, and recent situations like the war in Ukraine have highlighted the hole in present-day defense methods,” Shaun Maguire,

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Sequoia will make Gulf debut with $33 million expenditure in Saudi fintech

DUBAI, United Arab Emirates — Saudi fintech start out-up Lean Systems has received a $33 million Series A spherical funding injection from Sequoia Capital India, marking the firm’s to start with foray into investing in the Arab Gulf area.

Sequoia Capital India’s fund is in the same spouse and children as U.S.-based venture capital big Sequoia, which has beforehand backed Google and Stripe. Its fund is independent, even so, and its money motivation to the Saudi fintech’s Collection A round is joined by other worldwide traders together with New York-primarily based Liberty City Ventures and previous Basic Electric powered CEO

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