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ETtech Deals Digest: Startups raise $505 million this week, up 83% on-year

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Startups raised around $504.6 million between October 18 and 24, an 83.3% increase from the $275.3 million raised during the same period last year, driven by enterprise artificial intelligence (AI) firm Uniphore’s $260 million funding round.

The tally was, however, 25.4% lower than the $676.1 million raised the previous week.

The number of deals dropped sharply on a year-on-year (YoY) basis, with eight transactions recorded this week compared with 20 a year earlier.

Top deals of the week

Uniphore: Enterprise AI company Uniphore

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