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The Weekly Notable Startup Funding Report: 4/22/24 – AlleyWatch

The Weekly Notable Startup Funding Report: 4/22/24 – AlleyWatch
alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.

Ripcord, the Steve Wozniak-backed file scanning startup, is raising new cash

Ripcord, a startup developing robots that can automatically digitize paper records, is hoping to raise $20 million to $25 million in a new funding round that would value the company at $110 million pre-money, according to a source familiar with the matter and a pitch deck viewed by TechCrunch. Alphabet's GV, Lux Capital and MUFG are in talks to participate in the round. GV and Lux previously invested in Ripcord; MUFG, a Japanese bank chain, appears to be a new backer.

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