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# 🤖 $70M AI Funding. $270M+ VC Funding Day.
- URL: https://newsletters.qs.com/70m-ai-funding-270m-vc-funding-day/
- Published: 2024-09-26T11:15:50.000Z
- Updated: 2024-09-26T11:15:49.000Z
- Description: Daily Impact Deals #189 looks at major deals and M&A in impact industries and upcoming economic releases.
- Author: QS
- Tags: Deals

**Ahoj** 🍺

📈 **Today's Global Economic Update:** The GfK Consumer Climate Indicator for Germany [increased to -21.2 in October 2024](https://www.gfk.com/de/home?ref=newsletters.qs.com), exceeding forecasts, driven by improved income expectations. 

**🤖 Deal of the Day:** Torq, a NYC-based AI-first security hyper-automation company, raised a [$70 Series C](https://www.finsmes.com/2024/09/torq-raises-70m-in-series-c-funding.html?ref=newsletters.qs.com#google%5Fvignette) to increase expansion across EMEA and APAC.

**What's New?** 
**🌍 Climate.** Green hydrogen and recycling  
**🩺 Health.** Biotech  
**💻 Technology.** Artificial Intelligence  
📅 **Economics.** Euro area inflation, US employment, balance of trade data + more

## 🩺 Health  

**🧬 Genespire**, an Italian biotech company secured a [$52M Series B](https://www.finsmes.com/2024/09/genespire-raises-e46-6m-in-series-b-funding.html?ref=newsletters.qs.com) from investors like Sofinnova Partners and XGEN Venture to advance its gene therapy pipeline.

## **🌍** Climate

## 

**💧 Utility Global,** a Texas-based green hydrogen company raised a[ $53M Series C](https://www.finsmes.com/2024/09/utility-global-raises-53m-in-ongoing-series-c-financing.html?ref=newsletters.qs.com) from OPG Pension Plan to advance its technology, aimed at reducing emissions in hard-to-abate industries.

**♻️ Cyclic Materials**, a Canadian recycling company, raised a [$53M Series B](https://www.finsmes.com/2024/09/cyclic-materials-raises-usd-53m-in-series-b-funding.html?ref=newsletters.qs.com) from AcrTern Ventures to develop a circular supply chain for recycling rare earth elements.

## 💻 Technology

## 

**🤖 Torq**, a NYC-based AI-first security hyper-automation company, raised a [$70 Series C](https://www.finsmes.com/2024/09/torq-raises-70m-in-series-c-funding.html?ref=newsletters.qs.com#google%5Fvignette) to increase expansion across EMEA and APAC.

## **📅** Economic Calendar

Euro Area Inflation, US Employment, Balance of Trade Data + More

### Thursday, September 26th 2024

[🇺🇸 US Durable Goods Orders Data](https://www.census.gov/?ref=newsletters.qs.com)  
[🇺🇸 US GDP Growth Data, Q2](http://www.bea.gov/?ref=newsletters.qs.com)

### Friday, September 27th 2024

[🇫🇷 France Inflation Data (Preliminary), September](https://www.insee.fr/fr/accueil?ref=newsletters.qs.com)  
[🇺🇸 US Core PCE Price Index](https://www.bea.gov/?ref=newsletters.qs.com)  
[🇺🇸 US Personal Income & Spending Data](https://www.bea.gov/?ref=newsletters.qs.com)

### Monday, September 30th 2024

[🇨🇳 China NBS Manufacturing PMI, ](https://www.stats.gov.cn/?ref=newsletters.qs.com)September  
🇨🇳 China Caixin Manufacturing PMI, September  
[🇮🇹 Italy Inflation Data (Preliminary),](https://www.istat.it/?ref=newsletters.qs.com) September  
🇩🇪 Germany Inflation Data (Preliminary), September

### Tuesday, October 01st 2024

[🇯🇵 Japan Consumer Confidence Index, ](https://www.cao.go.jp/?ref=newsletters.qs.com)September  
[🇪🇺 Euro Area Inflation Data (Flash), ](https://ec.europa.eu/eurostat/?ref=newsletters.qs.com)September  
[🇺🇸 ISM Manufacturing PMI, ](https://www.ismworld.org/?ref=newsletters.qs.com)September  
[🇺🇸 US JOLTs Job Openings, ](http://www.bls.gov/?ref=newsletters.qs.com)September

### Wednesday, October 02nd 2024

[🇦🇺 Australia Balance of Trade Data, ](https://www.abs.gov.au/?ref=newsletters.qs.com)August

### Friday, October 04th 2024

[🇨🇦 Canada Balance of Trade Data, ](https://www.statcan.gc.ca/?ref=newsletters.qs.com)August  
[🇺🇸 US Employment Data, ](https://www.bls.gov/?ref=newsletters.qs.com)September

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