Canada announced that it would rescind a digital services tax affecting US tech companies that was set to begin today in order to continue trade talks with the Trump administration. President Donald Trump previously said he was terminating discussions as a result of the "egregious" tax. The Canadian finance department said in a statement that the country's "preference has always been a multilateral agreement related to digital services taxation."
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Campfire, an AI-powered accounting startup, has raised $35 million in Series A funding. Campfire has gained traction by offering an alternative to traditional enterprise resource planning software, with features such as automated bill reconciliation and cash flow analysis.
Geothermal exploration company Ignis Energy has closed a $13.6 million Series A funding round to expand operations. The company is active in Turkey, the US, Indonesia and Italy.
Audos has raised $11.5 million in pre-seed and seed funding, and the funds will help expand operations and development efforts. The company supports solo entrepreneurs with human support, capital and AI tools.
Intuit has acquired technology from Seattle-based Relevvo, an AI-driven platform that helps B2B companies connect with buyers more effectively. "This new chapter represents an opportunity to apply our breakthrough innovation at scale," Relevvo CEO Aashish Dhamdhere wrote in announcing the deal. "Our technology will enhance Intuit's ability to serve mid-market customers with greater precision, speed, and insight."
Cred has raised $15 million in a funding round, and the company plans to use the funds to expand its AI-powered predictive intelligence platform beyond sports and entertainment into other verticals.
Woodchuck, a climate impact startup based in Grand Rapids, Mich., has raised $3.75 million in seed funding. The company plans to use the funds to expand operations and development of its AI platform, which integrates advanced image recognition to improve the efficiency and quality of biomass processing.
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The so-called "vote-a-rama" on the Senate tax and spending legislation began Monday, with lawmakers offering a number of amendments. If the bill passes the Senate, House lawmakers will need to consider the changes made in the upper chamber.
Private markets in the Asia-Pacific have entered a new phase characterized by limited liquidity and other factors, according to PitchBook. However, "Japan stands out as a regional bright spot, offering robust credit and private equity activity along with a maturing venture ecosystem."
