This week's startup news highlights significant investments in tech that addresses pressing global issues. Notably, defense tech startups have raised over $3 billion in 2024, surpassing the previous record set in 2022. Cybersecurity company Wiz acquired Dazz for $450 million, and Snowflake agreed to purchase data pipeline management company Datavolo for an undisclosed sum.

Additionally, Indian quick-commerce startup Zepto secured $350 million in funding ahead of its planned IPO next year. Finnish smart ring maker Oura raised a $75 million investment from glucose device maker Dexcom, increasing its valuation to over $5 billion.

Several startups received notable investments to expand their operations and tackle big problems. These include Lighthouse's data analytics platform for the hospitality industry, which raised $370 million at a $1 billion valuation; Tekever's dual-use drone startup, which secured €70 million ($74 million) to enter new markets; and OneCell Diagnostics, which received $16 million for its cancer recurrence AI work.

Source: https://techcrunch.com/2024/11/22/money-for-tech-that-matters/