Sigma Software Tech Digest – May 21, 2025

Big moves across the tech landscape this week: Pathos lands $365M for oncology trials, Owner.com hits unicorn status, Gnosis makes a $15M Web3 acquisition, and Saudi Arabia doubles down on AI infrastructure. Plus, Salesforce ’s latest UK acquisition and bold expansions from Huma and PipeChain AB . Catch the full update in this week’s Sigma Software Tech Digest.

North America:

• Pathos AI secures $365M series D to fund trial of Novo Nordisk solid tumour drug
• Addepar  secures $230M in series G funding
• Stord  raises $200M in equity and debt to empower brands competing with Amazon
• Stash  Announces $146M Series H to Enable AI-Enhanced Financial Guidance
• Restaurant Tech Startup Owner.com Hits $1B Valuation
• TensorWave  Raises $100M in Series A Funding
• Cohere Health  Secures $90M Series C to Expand AI-Powered Platform Transforming Health Plan Clinical Decision-Making
• J&J, Eli Lilly join $85M financing for newly unveiled gene editing biotech Stylus

The UK & Ireland:

• With $110M raise, Ascendx Cloud gives Enterprise CRM data solutions an AI lift
• AdvancedAdvT makes £5.3M swoop for HFX
• Salesforce  acquires UK AI startup Convergence one year after launch
• UK’s Huma  expands US presence with Aluna acquisition

Nordic:

• Data Centers secures investment to launch more energy efficient data facility
• Swedish Supply Chain SaaS company, PipeChain AB , accelerates European growth by acquiring UK-based AdvanceFirst Technologies Ltd
• Imbox, bootstrapped and profitable Gothenburg-based customer relations SaaS solution, has been acquired by Swedish investment firm Pamir Partners  

DACH:

• German blockchain startup Gnosis acquires HQ.xyz for $15M to expand into Asia

Middle East:

• Google and Hub71  to support AI startups in Abu Dhabi
• NVIDIA , Cisco , Oracle and OpenAI  are backing the UAE Stargate data center project
• Sharjah’s economic department introduces AI trade name service, cutting processing time by 98%
• Saudi Arabia’s HUMAIN and AWS forge $5B-plus AI Zone partnership
• Saudi Arabia jumps 28 spots in Global Open Data rankings, now 9th in G20

LATAM:

• Brazilian-founded AI startup Openlayer  raised a $14.5M Series A round led by Race Capital
• Brazilian fintech Makasí  raised $21M in a debt round with undisclosed investors
• Chilean startup VMetrix  raised a $3.2M seed round led by Kayyak Ventures , with participation from Nazca