Venture Capital Funding: Wultra, Norm Ai, Proxima Fusion
Wultra, Norm Ai, and Proxima Fusion announced major venture capital raises, securing funds for cybersecurity, legal AI, and fusion energy projects.Summary
Wultra announced a €6.8 million Series A funding round led by Tensor Ventures, with participation from Elevator Ventures, J&T Ventures, and existing investors, to expand its post-quantum digital identity and authentication platform for banks and fintechs. Norm Ai secured $120 million in a Series C round led by Khosla Ventures, reaching a $1.2 billion valuation and aiming to grow its AI-powered legal and compliance software for enterprises. Proxima Fusion raised €411 million (about $469.69 million) in a financing round backed by Google’s Alphabet and German utility RWE, valuing the company at roughly €2.4 billion to advance its magnetic fusion technology for carbon-free electricity, including for AI-driven data centers.
(Source：Infotech Lead)