Several tech startups — Qdrant, Cryptio, Genspark, among others, have announced their venture capital funding to bolster innovation and business growth.
Qdrant Raises $50 mn
Qdrant announced $50 million in Series B funding to accelerate development of its vector search infrastructure designed for production-grade AI applications. The round was led by AVP (Almaz Capital Venture Partners) with participation from Bosch Ventures, Unusual Ventures, Spark Capital, and 42CAP. The company was founded by André Zayarni and Artem Rodichev, who built Qdrant as an open-source vector database written in Rust to power large-scale semantic search, retrieval-augmented generation (RAG), and agentic AI workloads. The funding will support platform expansion across cloud, hybrid, and edge deployments. The investment reflects strong VC interest in retrieval infrastructure that enables scalable AI systems and enterprise AI applications.
Cryptio Raises $45 mn
Cryptio secured $45 million in Series B funding to expand its digital asset accounting and compliance platform for financial institutions. The investment round was led by Alven with participation from existing investors Point Nine, BlueYard Capital, and Tim Draper’s Draper Associates. Cryptio was founded by Antoine Scalia and Amine Brahimi to help banks, exchanges, and fintech companies manage digital-asset reporting, reconciliation, and regulatory compliance. The capital will be used to accelerate product development, expand integrations with blockchain networks, and scale global operations. The funding highlights venture capital demand for enterprise-grade infrastructure supporting regulated digital asset markets.
Genspark Raises $385 mn
Genspark announced an extension of its Series B funding round to $385 million, bringing the company’s valuation to nearly $1.6 billion. The round included backing from multiple venture investors (names not fully disclosed in the announcement) supporting the company’s AI-driven productivity platform. Founded by Eric Jing, Genspark develops enterprise AI workspace software that integrates autonomous AI “employees,” workflow automation, and data intelligence tools. The new funding will accelerate product innovation and the rollout of its AI Workspace platform globally as demand grows for enterprise automation technologies powered by generative AI and advanced machine learning.
THASNIYA VP
