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Daniel Levi @ Startups News 3 place · 07/15/2024 12:25 EDT

KKR-backed enterprise software startup OneStream eyes $4.38 billion valuation in US IPO

OneStream Software, an enterprise software startup backed by private equity giant KKR, is targeting a valuation of about $4.38 billion in its upcoming U.S. initial public offering (IPO). The news comes a month after the company confidentially filed for the ... Read more

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Startups News
Nickie Louise @ Startups News 1 place · 07/15/2024 10:26 EDT

Google nears a deal to acquire Israeli cybersecurity startup Wiz for $23 billion, its largest-ever deal

Google is reportedly near a deal to acquire Israeli cybersecurity startup Wiz for $23 billion, the Wall Street Journal (WSJ) reported on Sunday, citing sources familiar with the ongoing negotiations. The deal, which would be Google’s largest acquisition ever, could ... Read more

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Startups News
Nickie Louise @ Startups News · 07/15/2024 09:29 EDT

Atos secures $1.82 billion in funding to restructure its debt

Atos, once a beacon of promise in France’s tech industry, announced on Monday that it has secured €1.675 billion ($1.82 billion) in funding to restructure its debt. This lifeline comes through a lock-up agreement with a coalition of banks and bondholders ... Read more

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Startups News
Daniel Levi @ Startups News 1 place · 07/12/2024 21:41 EDT

These 3 companies control 88% of the largest corporations in America

The United States has long been admired for its vibrant marketplace, a breeding ground for innovation and independent businesses. However, a recent study by Cambridge University Press reveals a concerning trend of corporate consolidation that threatens the very essence of ... Read more

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Startups News
Daniel Levi @ Startups News 2 place · 07/12/2024 16:28 EDT

AT&T Hacked: AT&T confirms hackers stole records of 109 million US customers in a massive data breach

AT&T revealed on Friday that it had fallen victim to a massive hacking incident. AT&T confirmed today that it suffered a significant data breach in April, resulting in the unauthorized download of records from approximately 109 million customer accounts. The stolen ... Read more

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Startups News
Daniel Levi @ Startups News 1 place · 07/12/2024 13:03 EDT

SpaceX Falcon 9 rocket suffers first major malfunction in 7 years; imperils Starlink satellite mission

In a rare misstep, SpaceX’s Falcon 9 rocket experienced a malfunction with its second-stage engine during a Starlink mission on Thursday night, endangering its payload of Starlink satellites. This incident marks the first failure in over seven years for a ... Read more

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Startups News
Nickie Louise @ Startups News · 07/12/2024 11:51 EDT

Pixelverse raises additional $2 million from leading Web3 VCs, hits $7.5 million funding goal

Just a month after securing $5.5 million to fuel its rapid growth and accelerate the mass adoption of Web3 gaming, metaverse upstart Pixelverse announced Friday that it raised an additional $2 million in private funding. Recognizing the company’s rapid momentum ... Read more

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Startups News
Daniel Levi @ Startups News 1 place · 07/11/2024 11:37 EDT

Bixby gets AI boost: Samsung to launch upgraded assistant with AI for smarter voice control

In 2017, Samsung made its foray into the smart speaker market with the launch of Samsung’s Bixby-powered smart device, aimed to rival Google Home, Amazon Echo, and Apple HomePod. Fast forward five years later, Samsung is now gearing up to ... Read more

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Startups News
Nickie Louise @ Startups News 1 place · 07/11/2024 10:01 EDT

Israeli tech startup Buildots secures $15M investment led by Intel Capital to revolutionize construction with AI

Israeli construction tech startup Buildots has secured a $15 million investment led by Intel Capital, with participation from OG Tech Partners and existing investors. This marks Intel Capital’s first foray into the construction tech sector. The venture capital arm of ... Read more

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Startups News
Nickie Louise @ Startups News · 07/10/2024 20:56 EDT

Deep learning startup Chorology launches AI-powered data governance platform after $9M funding round

Chorology, a new player in the data governance space, has officially launched its AI-driven data governance platform, designed to transform how enterprises manage their data. The startup recently emerged from stealth with a $9 million Series A investment and a ... Read more

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Startups News
Nickie Louise @ Startups News · 07/10/2024 16:26 EDT

Google abandons plans to buy HubSpot

In a surprising turn of events, Google parent Alphabet has decided to walk away from its planned acquisition of online marketing software company HubSpot, according to a Bloomberg report that cites sources familiar with the matter. This news comes just ... Read more

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Startups News
Nickie Louise @ Startups News · 07/10/2024 11:48 EDT

AMD to acquire Finnish AI startup Silo AI for $665 million as AI race heats up

Advanced Micro Devices (AMD) announced on Wednesday it has reached an agreement to acquire Finnish artificial intelligence startup Silo AI for approximately $665 million in cash. This strategic acquisition is aimed at bolstering the company’s AI chip capabilities to better ... Read more

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Startups News
Daniel Levi @ Startups News · 07/10/2024 10:21 EDT

What Does it Take to Be an Industry-Leading Casino Games Developer?

Joining a fully licensed and regulated website to play games like digital fruit machines, classic table games, or live dealer content might surprise some players. Many don’t realize that the website operator often doesn’t create the digital content available on ... Read more

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Startups News
Nickie Louise @ Startups News · 07/10/2024 09:44 EDT

TurboTax-parent Intuit to lay off about 1,800 jobs (10% of its workforce) amid shift towards AI

TurboTax parent company Intuit announced on Wednesday it’s laying off about 1,800 employees, or 10% of its workforce. This move comes as the company aims to reallocate resources to other critical areas including artificial intelligence. In recent years, Intuit has ... Read more

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Startups News
Nickie Louise @ Startups News · 07/09/2024 21:05 EDT

Elon Musk’s AI startup xAI ends talks on $10 billion server deal with Oracle

Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended their discussion over a potential $10 billion server deal,  The Information reported on Tuesday. Following the news, shares of Oracle saw a significant dip, falling as much as ... Read more

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