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Nickie Louise @ Startups News · 07/09/2024 12:05 EDT

Cloud storage startup Nasuni valued at $1.2 billion in funding led by Vista

Cloud storage startup Nasuni has reached a valuation of approximately $1.2 billion after securing a strategic growth investment led by Vista Equity Partners. The Boston-based enterprise data platform startup added that Vista will be joined by TCV and KKR in ... Read more ›

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

Agrotoken partners with Tanssi to revolutionize agro-finance in South America using blockchain

Appchain infrastructure platform Tanssi announced on Tuesday it has teamed up with Agrotoken, a global tokenization platform for agricultural commodities, to introduce decentralized tools to transform the agrotech markets in South America. This partnership aims to develop an innovative agro-finance ... Read more ›

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Startups News
Nickie Louise @ Startups News · 07/09/2024 09:41 EDT

AI startup funding more than doubles in Q2, surges to $24 billion

The artificial intelligence boom, ignited by the success of ChatGPT two years ago, shows no signs of slowing down as investors continue to funnel billions into generative AI startups. According to the latest data from Crunchbase, investments in AI startups ... Read more ›

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Startups News
Nickie Louise @ Startups News · 07/08/2024 18:06 EDT

Beneficial ownership information reporting: US startups must disclose their owners to comply with new FinCEN’s transparency rule

In a move to increase corporate transparency and combat financial crimes, the US Financial Crimes and Enforcement Network (FinCEN) now requires most US businesses to disclose information about their beneficial owners. This new regulation, part of the Corporate Transparency Act ... Read more ›

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Startups News
Nickie Louise @ Startups News · 07/08/2024 11:19 EDT

German online food delivery giant Delivery Hero faces a potential €400 million fine over antitrust violations

German online food delivery giant Delivery Hero revealed on Sunday that it may face a fine from the European Commission over alleged antitrust violations. The Berlin-based company told investors that it could be fined over €400 million ($433 million) due ... Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 07/08/2024 10:27 EDT

Bitfarms names new CEO just a month after rejecting Riot Platforms’ takeover bid

Bitcoin mining startup Bitfarms has appointed insider Ben Gagnon as its new Chief Executive Officer to steer the company through a strategic review and an ongoing dispute with its largest shareholder and rival, Riot Platforms. The news comes just a month ... Read more ›

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Startups News
Daniel Levi @ Startups News · 07/08/2024 09:27 EDT

PRConnect partners with MediaFuse to enhance its news and content distribution service

SAN MATEO, California — July 8, 2024 — PRConnect, a leading digital content marketing services provider, has entered into a strategic partnership agreement with MediaFuse, an innovative vertical newswire service and the publisher of Chainwire, FinanceWire, CyberNewsWire and GamingWire. The ... Read more ›

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Startups News
Daniel Levi @ Startups News 1 place · 07/05/2024 11:36 EDT

OpenAI Hacked: Hacker stole OpenAI’s internal AI secrets in a data breach, NYT reports

In a major security breach last year, a hacker infiltrated the internal messaging systems at OpenAI, stealing sensitive details about the company’s artificial intelligence technologies, the New York Times reported on Thursday. The breach also exposed internal conversations among researchers ... Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 07/03/2024 16:59 EDT

Jeff Bezos to sell $5 billion of Amazon share after stock hits record high

In a move that may raise eyebrows across the markets, Amazon founder and executive chair Jeff Bezos plans to sell almost $5 billion worth of shares in the e-commerce behemoth, according to a recent regulatory filing. This announcement follows Amazon’s ... Read more ›

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Startups News
Daniel Levi @ Startups News 3 place · 07/03/2024 11:49 EDT

Amazon is launching a new discount marketplace to compete with Temu

Amazon is gearing up to launch a new shopping section designed to directly compete with emerging e-commerce giants Temu and Shein, according to a report from The Information. This new section, or possibly an app, will offer a range of ... Read more ›

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Startups News
Nickie Louise @ Startups News · 07/03/2024 10:08 EDT

AI coding startup Magic seeks to raise $200 million at a $1.5 billion valuation

Magic, a generative AI startup developing artificial intelligence models to write software, is in advanced discussions to raise over $200 million in a new funding round, which would value the company at $1.5 billion, according to an exclusive report from ... Read more ›

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Startups News
Nickie Louise @ Startups News · 07/02/2024 12:01 EDT

Industry Ventures secures $900 million hybrid fund to invest in early-stage tech startups

Industry Ventures, a pioneer investment firm specializing in private technology companies, has closed a $900 million fund for its latest fund, Industry Ventures Partnership Holdings VII (Fund VII). This news comes as a boon for non-generative AI startups that are ... Read more ›

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