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BlackRock Invests in Abaxx, AI-Powered CarePods, and a $220 Million Rare Earths IPO

BlackRock Invests in Abaxx, AI-Powered CarePods, and a $220 Million Rare Earths IPO

Uncovering the world’s most exciting early stage companies. Discover what’s next.

November 28, 2023

BlackRock is Backing a New Type of Energy Exchange

BlackRock, the world’s largest asset manager, has backed Abaxx Technologies (CBOE:ABXX), a Canadian public company that is building a new type of futures market for energy transition metals and commodities. BlackRock’s investment puts them alongside other notable shareholders in Abaxx, including Canoe Financial, K2 Associates, and legendary mining financier Robert Friedland.

The New AI-Powered Doctor’s Office

Forward Health has raised $100 million in new funding to launch AI-powered doctor’s offices called CarePods. The small, purpose built physical locations can be deployed in office buildings, malls or public spaces, and can conduct a full body scan, check blood pressure, screen for diabetes, and even check vital organs.

Australia's Wealthiest Woman is Backing This Rare Earths IPO

Brazilian Rare Earths is set to IPO on the Australian Stock Exchange at a valuation of approximately $220 million USD. Gina Rinehart, a legendary mining financier and Australia’s wealthiest woman, is one of the largest backers of the company.

The Sprint

Stardust Power has announced a $490 million SPAC deal with Global Partner Acquisition Corp II (NASDAQ:GPAC) to bring lithium refining to the United States.
BigRep has filed to go public in Germany, and is aiming to disrupt 3D printing through their purpose built printers and customized software that have been used in vehicles, robotics, furniture, and more.
OpenAI has made a $5 million investment into Ghost Autonomy, an autonomous driving startup that aims to enable multiple different car manufacturers to seamlessly integrate their technology.
Aigen has raised $12 million in a Series A financing to advance their solar-powered agricultural robots that utilize artificial intelligence to navigate, weed and analyze crops.