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Nickie Louise @ Startups News · 07/17/2024 09:51 EDT

GitLab, a Google-backed cloud developer valued at $8 billion, considers sale as acquisition interest grows

GitLab, a Google-backed software developer renowned for its popular open-source code collaboration platform, is reportedly exploring a potential sale. According to an exclusive report from Reuters, the software developer is working with investment bankers after attracting interest from several companies, ... Read more

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Startups News
Daniel Levi @ Startups News · 07/16/2024 21:39 EDT

Ozy Media and CEO Carlos Watson convicted of fraud after staged calls with Goldman Sachs

In a stunning conclusion to a high-profile case, Ozy Media and its CEO, Carlos Watson, have been found guilty of defrauding investors about the financial health of his once-promising premium and digital media startup. The charges included allegations that Watson ... Read more

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Startups News
Daniel Levi @ Startups News · 07/16/2024 16:18 EDT

Elon Musk is moving SpaceX and X headquarters to Texas, citing new CA trans student privacy law

In a decisive move spurred by recent legislative changes, SpaceX CEO and X owner Elon Musk said Tuesday that he will move the headquarters of both companies from California to Texas. This decision to relocate the headquarters of the two ... Read more

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Startups News
Nickie Louise @ Startups News · 07/16/2024 15:26 EDT

OpenAI founding member, Tesla engineer Andrej Karpathy launches AI education startup, Eureka Labs

OpenAI founding member and former Tesla engineer Andrej Karpathy announced the launch of Eureka Labs, an AI-integrated education platform startup. This news comes just five months after Karpathy left OpenAI to “work on personal projects.” Drawing on his extensive experience ... Read more

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Startups News
Nickie Louise @ Startups News · 07/16/2024 10:14 EDT

Profitable AI startup SymphonyAI eyes late 2025 IPO after strong growth of $500 million revenue run rate

Profitable AI startup SymphonyAI is gearing up for a public listing in the second half of next year, CEO Sanjay Dhawan said in a recent interview. The decision follows the company achieving a $500 million revenue run rate last year ... Read more

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Startups News
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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