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https://www.newcomer.co/p/exclusive-thrive-netted-24x-dpi-from?hide_intro_popup=true

https://www.theregister.com/2026/02/23/ibm_share_dive_anthropic_cobol/

India has cleared a $1.1 billion state-backed venture capital program that will channel government money into startups through private investors, doubling down on its effort to finance high-risk areas such as artificial intelligence, advanced manufacturing, and other sectors broadly referred to by the industry as deep tech.https://techcrunch.com/2026/02/14/india-doubles-down-on-state-backed-venture-capital-approving-1-1b-fund/

Wayve, a London-based autonomous driving and artificial intelligence company, has raised $1.2 billion in a new funding round from a high-profile group of automotive manufacturers and technology giants as it prepares to roll out its first robotaxi service in London in 2026. The transaction underscores strong investor confidence in Wayve’s “generalisable” AI driving software and its potential to accelerate the commercial adoption of self-driving vehicles across global markets.Founded in 2017 by Alex Kendall and Amar Shah, Wayve develops a foundational AI platform that learns to drive from real-world data, enabling a wide range of autonomous capabilities without relying on detailed maps or extensive hand-coded rules. Headquartered in London, United Kingdom, the company’s technologies are designed both for future robotaxi fleets and for integration with OEM partner vehicles, allowing flexible deployment across different vehicle types and geographies.Funding Round and Investors - The latest financing includes participation from major automakers Mercedes-Benz, Stellantis and Nissan, along with technology powerhouses Nvidia, Microsoft and ride-hailing partner Uber, marking Wayve’s first direct backing from traditional automotive manufacturers alongside Big Tech investors. This round increases Wayve’s total funding to an estimated $2.5 billion to $2.8 billion and supports the company’s efforts to commercialise its AI-based autonomous systems in both robotaxi services and embedded driver assistance products.The fresh capital will accelerate Wayve’s robotaxi deployment plans in London while backing the company’s broader strategy to embed its scalable AI driving software in production vehicles through collaborative OEM partnerships. By offering adaptable autonomy software rather than building its own fleet, Wayve positions itself as a strategic technology provider poised to capitalize on the growing demand for autonomous solutions in mobility and logistics.

Wootzwork, a Delhi-based industrial engineering and manufacturing solutions company, has secured $6.6 million in a Series A funding round led by Z47, with participation from Nexus Venture Partners, AdvantEdge Founders and Stride Ventures. This latest capital will be deployed to expand the company’s engineering footprint, deepen manufacturing control systems and support larger, mission-critical original equipment manufacturer (OEM) programmes across India and Southeast Asia.Founded in 2023 by Karan Anand and Himanshu Uniyal, Wootzwork integrates advanced engineering execution with precision manufacturing and digitally governed quality systems to help global OEMs overcome coordination gaps in complex industrial supply chains. Its platform orchestrates production across a network of more than 300 suppliers, delivering over 30 million parts and assemblies with greater than 98 percent on-time delivery and quality compliance under international frameworks. The company supports clients across sectors such as renewable energy, automotive engineering, material handling and industrial hardware.Funding Round and Investors - The Series A was led by Z47, joined by Nexus Venture Partners and AdvantEdge Founders from previous rounds, along with Stride Ventures as a new participant. Prior to this round, Wootzwork raised $3.5 million in a seed round, bringing its total capital raised to nearly $10 million. The fresh funds will help the company scale teams across India, the United States, the United Kingdom, Italy and Germany, accelerate execution capabilities and take on larger cross-border manufacturing programmes.The company’s approach tackles fragmented global manufacturing by acting as a single accountable partner for industrial execution, compressing supply-chain timelines from years to weeks and enabling OEMs to focus on product engineering rather than coordination complexity. Wootzwork has executed programmes for more than 22 global enterprises across 12 international trade lanes spanning North America, Europe and the Asia-Pacific region.

Bengaluru, India Cross-border B2B payments fintech Xflow has secured $16.6 million in a Series A funding round, valuing the company at approximately $85 million as it looks to accelerate global expansion and enhance its international payments infrastructure. The fresh capital comes on the heels of a strong growth year and regulatory milestones that solidify its role in facilitating seamless payments for Indian businesses selling overseas.Founded in 2021 by a team of seasoned payments veterans, Xflow provides API-driven infrastructure that helps exporters, SaaS firms, IT services companies and freelancers collect international payments swiftly and with greater transparency. The platform supports collections from more than 100 countries in over 25 currencies, helping clients manage foreign exchange and settlement challenges inherent in cross-border transactions.Funding Round and Investors - The Series A round was led by General Catalyst, with participation from existing backers Square Peg, Stripe, Lightspeed and Moore Capital, alongside new investor PayPal Ventures. With this capital injection, the company’s total funding to date has surpassed $32 million. The new funds will be channeled toward product development, scaling global operations and strengthening regulatory compliance across new markets.Xflow has also achieved final Payment Aggregator-Cross Border (PA-CB) authorisation for both exports and imports from the Reserve Bank of India, enabling it to offer fully regulated cross-border payment services under India’s evolving fintech framework. The company’s AI-powered foreign exchange analytics tools are designed to help clients make data-driven treasury decisions, with the goal of improving conversion outcomes and reducing hidden costs.In 2025, Xflow’s customer base grew to nearly 15,000 businesses, spanning sectors such as SaaS, global capability centres and goods exports. The firm also extends its infrastructure to other fintech platforms, integrating capabilities for partners and enabling broader global payments flows.