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# 🤖 $260M Work AI Funding. $620M+ VC Funding Day.
- URL: https://newsletters.qs.com/260m-work-ai-funding-620m-vc-funding-day/
- Published: 2024-09-11T11:15:47.000Z
- Updated: 2024-09-11T11:15:46.000Z
- Description: Daily Impact Deals #178 looks at major deals and M&A in impact industries and upcoming economic releases.
- Author: QS
- Tags: Deals

[**Sawasdee**](https://en.wikipedia.org/wiki/Thai%5Flanguage?ref=newsletters.qs.com)🎏

📈 **Today's Global Economic Update:** The British economy stagnated in July 2024, [falling short of the expected 0.2% growth](https://www.ons.gov.uk/?ref=newsletters.qs.com). Services saw a slight rise of 0.1%, while production and construction contracted by 0.8% and 0.4%, respectively.

👥 **Deal of the Day:** Glean, an enterprise Work AI platform provider, raised over a [$260M Series E](https://www.finsmes.com/2024/09/glean-raises-over-260m-in-series-e-funding-at-4-6-billion-valuation.html?ref=newsletters.qs.com) round to expand operations.

**What's New?** 
**🌍 Climate.** Energy, animal-free dairy & mobility software  
**🩺 Health.** Biotech  
**💻 Technology.** Work AI&Quantum computers  
📅 **Economics.** Euro area interest rate, Japan inflation, retail sales + more

## **🌍** Climate

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🏭 **ADNOC**, the UAE’s national energy company, is set to [acquire](https://gulfbusiness.com/adnoc-group-to-acquire-covestro-for-15-9bn/?ref=newsletters.qs.com) Covestro for $15.9B, a German chemicals firm.

🌱 **Formo**, a German biotech company creating animal-free dairy products, raised a [$61M Series B](https://techcrunch.com/2024/09/09/formo-gets-investors-mouths-watering-with-koji-protein-based-animal-free-cheese/?ref=newsletters.qs.com) from Lowercarbon Capital and M Ventures and launched its products in major grocery stores across Germany and Austria.

📲 **Spare**, a Canadian mobility software provider, raised a [$31M Series B](https://www.newswire.com/news/spare-secures-42m-in-series-b-funding-to-accelerate-growth-in-demand-22420161?ref=newsletters.qs.com) from Inovia Capital to accelerate the growth of its demand-responsive transit solutions.

## **🩺** Health

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💊 **Superluminal Medicines,** a US-based biotech company, raised a [$120M Series A](https://www.thepharmaletter.com/series-a-supercharges-superluminals-gpcr-mission?ref=newsletters.qs.com), to support the progression of Superluminal’s lead program into clinical development.

## **💻** Technology

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👥 **Glean**, a California-based enterprise Work AI platform provider, raised over in a [$260M Series E](https://www.finsmes.com/2024/09/glean-raises-over-260m-in-series-e-funding-at-4-6-billion-valuation.html?ref=newsletters.qs.com) round from Altimeter and DST Global, to expand operations.

🧑‍💻 **Quantum Source**, an Israel-based company developing practical photonic quantum computers, raised a [$50M Series A](https://www.finsmes.com/2024/09/quantum-source-raises-50m-in-series-a-funding.html?ref=newsletters.qs.com), to enhance engineering capabilities and accelerate the commercialization of quantum solutions.

## **📅** Economic Calendar

Euro Area Interest Rate, Japan Inflation, Retail Sales+ More

### Wednesday, September 11th 2024

[🇺🇸 US Core Inflation Data, August](http://www.bls.gov/?ref=newsletters.qs.com)  
[🇺🇸 US Inflation Data, ](http://www.bls.gov/?ref=newsletters.qs.com)[August](http://www.bls.gov/?ref=newsletters.qs.com)

### Thursday, September 12th 2024

[🇪🇦 Euro Area ECB Interest Rate Decision](https://www.ecb.europa.eu/?ref=newsletters.qs.com)  
[🇺🇸 US PPI Data, ](https://www.bls.gov/?ref=newsletters.qs.com)[August](http://www.bls.gov/?ref=newsletters.qs.com)

### Friday, September 13th 2024

[🇺🇸 US Michigan Consumer Sentiment (Preliminary), September](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com)  
[🇨🇳 China Retail Sales Data, ](http://www.stats.gov.cn/?ref=newsletters.qs.com)[August](http://www.bls.gov/?ref=newsletters.qs.com)

### Tuesday, September 17th 2024

[🇩🇪 Germany ZEW Economic Sentiment Index, September](http://www.zew.de/?ref=newsletters.qs.com)  
[🇨🇦 Canada Inflation Data, August](http://www.statcan.gc.ca/?ref=newsletters.qs.com)  
[🇺🇸 US Retail Sales Data, August](https://www.census.gov/?ref=newsletters.qs.com)  
[🇯🇵 Japan Balance of Trade, August](https://www.mof.go.jp/english/index.htm?ref=newsletters.qs.com)

### Wednesday, September 18th 2024

[🇬🇧 UK Inflation Data, August](http://www.ons.gov.uk/?ref=newsletters.qs.com)  
[🇺🇸 US Fed Interest Rate Decision](https://www.federalreserve.gov/)

### Thursday, September 19th 2024

[🇬🇧 UK BoE Interest Rate Decision](https://www.bankofengland.co.uk/?ref=newsletters.qs.com)  
[🇯🇵 Japan Inflation Data, August](http://www.stat.go.jp/?ref=newsletters.qs.com)

### Friday, September 20th 2024

[🇯🇵 Japan BoJ Interest Rate Decision](https://www.boj.or.jp/?ref=newsletters.qs.com)  
[🇬🇧 UK Retail Sales Data, August](http://www.ons.gov.uk/?ref=newsletters.qs.com)

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