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Startups News
Nickie Louise @ Startups News 1 place · 01/22/2024 08:54 EDT

Voice AI startup ElevenLabs reaches unicorn status with $80 million Series B raise

Artificial intelligence (AI) startup ElevenLabs announced on Monday it has raised $80 million in Series B funding. The round was led by venture capitalist Andreessen Horowitz, with participation from entrepreneurs Nat Friedman and Daniel Gross, along with others, including Sequoia ... Read more ›

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Startups News
Daniel Levi @ Startups News · 01/22/2024 08:11 EDT

Tech startup CEO died after falling 20 feet to the stage at a company event

Sanjay Shah, the founder and CEO of Vistex, a software startup based in Illinois, tragically passed away last week after an incident during a company event, as reported by multiple sources. The distressing incident was captured on video and shared ... Read more ›

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Startups News
chainwire @ Startups News · 01/22/2024 05:11 EDT

Social Network Whitepaper Introduces Bitcoin Staking and Layer 2 Protocol, Aiming to Scale Bitcoin

Singapore, Singapore, January 22nd, 2024, Chainwire The first protocol to scale Bitcoin Ordinals debuts their whitepaper [Singapore, January 18, 2024]  Social Network is the first decentralized Layer 2 Bitcoin Staking Protocol, has unveiled a whitepaper outlining a solution to address ... Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 01/19/2024 21:37 EDT

Meta’s Open AGI: Zuckerberg says Meta to build open-source artificial general intelligence (AGI) and make it available to all

Mark Zuckerberg announced on Thursday that Meta is planning to build its own artificial general intelligence (AGI) and release it as open-source (open AGI) software and make it freely available to the general public. “Our long-term vision is to build ... Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 01/19/2024 10:21 EDT

AI startup Cohere in talks to raise between $500 million to $1 billion in new funding, sources

Cohere, a Toronto-based AI startup specializing in AI foundation models, is currently in talks with investors to secure funding in the range of $500 million to $1 billion, according to an insider who shared the information with Reuters on Friday. ... Read more ›

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Startups News
chainwire @ Startups News 3 place · 01/19/2024 04:25 EDT

Nuvo Unveils Nuscription: Revolutionizing Blockchain Trading

Toronto, Canada, January 19th, 2024, Chainwire In the dynamic world of blockchain technology, Nuvo has indelibly marked its presence with the successful launch of Nuscription, a pioneering Ethscription platform within the Metis ecosystem. Since its introduction, Nuscription has not just ... Read more ›

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Startups News
Nickie Louise @ Startups News 3 place · 01/18/2024 13:55 EDT

TrusTrace, a Stockholm-based SaaS startup, raises $24 million in funding to expand its global footprint

TrusTrace, a Stockholm-based SaaS startup and provider of product traceability and compliance, has secured $24 million in growth funding. The funding round was led by Circularity Capital, a specialist investor in businesses contributing to the circular economy, and saw participation ... Read more ›

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Startups News
Daniel Levi @ Startups News · 01/18/2024 12:34 EDT

Bosch to cut 1,200 software jobs by 2026 amid rising costs and slowdown in automated driving sector

The world’s largest automotive supplier Bosch is planning to cut around 1,200 jobs in the software division by the end of 2026, 950 of them in Germany, the company confirmed in a statement with Italian Handelsblatt Daily on Thursday. Bosch, ... Read more ›

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Startups News
Daniel Levi @ Startups News · 01/18/2024 11:05 EDT

Fintech startup Kashable scores $25.6M in funding to boost employee financial wellness

Financial well-being is becoming a major concern for businesses, as financially stressed employees are more likely to be stressed, unproductive, and absent from work. Recognizing this issue, one fintech startup has made its mission to equip employees with tools and ... Read more ›

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Startups News
Nickie Louise @ Startups News · 01/18/2024 09:48 EDT

Barclays relaunches Cambridge coworking space for climate tech startups

Barclays, the British multinational universal bank, has relaunched its Cambridge Eagle Lab with a fresh emphasis on supporting high-growth climate tech startups in connecting, growing, and scaling, the bank announced on Thursday. The revamped space offers dedicated pre-seed and bridge ... Read more ›

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Startups News
Nickie Louise @ Startups News · 01/18/2024 08:57 EDT

BMW partners with AI robotics startup Figure to deploy humanoid robots in U.S. plants and take on Tesla

AI robotics startup Figure announced on Thursday it signed a partnership with BMW Manufacturing to deploy its humanoid robots at BMW’s facility in the U.S. The move reflects a growing trend among companies to utilize human-like robots for specific physical ... Read more ›

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Startups News
Nickie Louise @ Startups News · 01/18/2024 08:04 EDT

Reddit IPO: Reddit plans to go public in March

Reddit, the widely popular online forum celebrated for its lively communities and meme-driven culture, is gearing up for a major milestone: an impending initial public offering (IPO) potentially scheduled for as early as March 2024. This move has the potential ... Read more ›

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Startups News
chainwire @ Startups News · 01/17/2024 13:39 EDT

DeSo-Backed SocialFi App Focus raises $20 Million in under 24 hours

Los Angeles, California, January 17th, 2024, Chainwire Key Takeaways Focus, the revolutionary new decentralized SocialFi app, raised $20 million in less than 24 hours Focus rivals subscription platforms like OnlyFans and Patreon, a multi-billion-dollar industry The Social Airdrop offers users ... Read more ›

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Startups News
Daniel Levi @ Startups News · 01/17/2024 12:19 EDT

Apple overtakes Samsung to become world’s top smartphone seller

After 12 years of reign, Apple has toppled Samsung to become the world’s top smartphone seller. Apple dethroned Samsung Electronics as the leading global smartphone seller, securing a 20% market share, according to a report by the International Data Corp ... Read more ›

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Startups News
Nickie Louise @ Startups News · 01/17/2024 11:17 EDT

Uber shuts down Drizly, an alcohol delivery startup it bought 3 years ago for $1.1 billion

Uber is finally moving away from the alcohol delivery business, concluding its billion-dollar experiment with Drizly. The ride-hailing giant announced its decision to close down the Drizly platform by March, according to an exclusive report from Axios. Having acquired Drizly ... Read more ›

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Startups News
Nickie Louise @ Startups News · 01/17/2024 10:29 EDT

Generative AI meets online shopping: Amazon unveils AI tool to answer shoppers’ questions

Say goodbye to traditional product descriptions. Amazon is shaking things up by introducing an AI-powered tool to help shoppers get AI-powered answers to products on its website. The tech giant announced on Tuesday that it is rolling out an artificial ... Read more ›

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Startups News
Nickie Louise @ Startups News · 01/17/2024 09:37 EDT

From IPO darling to delisting: Self-driving tech startup TuSimple’s tumultuous journey ends with Nasdaq exit

TuSimple Holdings has decided to delist from the Nasdaq and end its registration with the U.S. securities regulator. This move has led to a 40% decrease in the autonomous driving technology company’s shares during premarket trading. The news comes just ... Read more ›

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Startups News
Nickie Louise @ Startups News · 01/16/2024 19:47 EDT

JPMorgan leads a $300M investment in Honeywell’s quantum computing spin-off Quantinuum, now valued at $5 billion

Quantinuum, a Honeywell’s quantum computing spin-off, has raised $300 million in new funding led by Wall Street giant JP Morgan. Honeywell International announced on Tuesday that Quantinuum closed a $300 million equity funding round at a $5 billion pre-money valuation The ... Read more ›

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Startups News
Nickie Louise @ Startups News · 01/16/2024 10:59 EDT

Synopsys acquires Ansys for $35 billion, marking the emergence of new engineering software powerhouse

Chip design software company Synopsys announced on Tuesday that it plans to acquire Ansys in a $35 billion cash-and-stock deal, marking a significant development in the engineering software industry. This move follows Synopsys co-founder Aart de Geus handing over the ... Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 01/15/2024 19:55 EDT

AI will impact 60% of jobs in advanced economies, IMF warned

The International Monetary Fund (IMF) warned that artificial intelligence is poised to transform a majority of work in developed economies as the looming job shift. In a statement on Monday, IMF Managing Director Kristalina Georgieva said at the World Economic ... Read more ›

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