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Nickie Louise @ Startups News · 06/19/2024 09:31 EDT

Nvidia is now the world’s most valuable company, surpassing Microsoft

In a stunning turn of events, Nvidia has unseated Microsoft to become the world’s most valuable company. This milestone comes just two weeks after Nvidia surpassed Apple to secure the second-most valuable company position. On Tuesday, Nvidia’s shares surged by ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/18/2024 19:23 EDT

Sonic secures $12 million in Series A funding to boost gaming on Solana

Sonic, the first gaming-focused layer-2 blockchain to launch on Solana, has secured $12 million in Series A funding. The round was led by BITKRAFT Ventures, with additional investments from Galaxy Interactive, Big Brain Holdings, and other notable firms. This latest ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/18/2024 18:52 EDT

Top venture funding news for today, June 18, 2024: Maxim AI, Huntress, Companion, Ramify, Hark, & Echion

Good evening! It’s been over a year since our last edition of the Top Startup News of the Day, and we’ve been hard at work behind the scenes to introduce a new feature: the Startup Directory. This tool allows you ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/18/2024 14:12 EDT

Amazon generated $140 billion in revenue from seller fees in 2023, putting small businesses on edge

In 2023, Amazon’s revenue from seller fees skyrocketed to a staggering $140 billion, marking a significant 25% of its total revenue. This surge in fees has placed immense pressure on small businesses, with 33% now on high alert due to ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/18/2024 13:09 EDT

AI startup You.com is raising $50M in funding to pivot from AI-powered search engine to AI assistant market

In 2021, we reported on You.com, an AI startup that raised $20 million in funding to take on Google with a more customizable search engine that summarizes web content. Three years later, You.com appears to be pivoting towards the AI ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/18/2024 10:21 EDT

Cybersecurity startup Huntress raises $150M in Series D funding; doubles its valuation to over $1.5 billion

Cybersecurity startup Huntress has secured $150 million in Series D funding to secure IT infrastructure and bolster security for small businesses and the service providers that support them. The round, led by Kleiner Perkins, Meritech Capital, and existing investor Sapphire Ventures, ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/18/2024 09:48 EDT

AI startup Decagon emerges from stealth with $35M in funding to revolutionize customer service with AI

The gold rush for artificial intelligence shows no signs of slowing down as investors and VC firms pour billions into innovative generative AI startups. One of the latest beneficiaries of this funding wave is Decagon, a tech startup specializing in ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/17/2024 17:04 EDT

ChatGPT is down again, second outage in about two weeks

After a major outage left millions without access, OpenAI’s ChatGPT appears to be down again for the second outage in about two weeks. OpenAI’s ChatGPT is experiencing a significant outage, lasting around four hours. As we deal with these disruptions ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/17/2024 11:24 EDT

Microsoft-owned GitHub lays off 80% of its employees in India

Even offshored jobs are feeling the heat as companies increasingly turn to artificial intelligence (AI) to streamline operations and trim their workforce. The latest instance is Microsoft-owned GitHub, which is laying off a significant portion of its Indian employees. According ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/17/2024 09:52 EDT

OpenAI considers becoming a for-profit company, paving the way for IPO

OpenAI CEO Sam Altman privately told some shareholders that the company is considering a potential change in its governance structure to a for-profit business independent of its nonprofit board, The Information reported on Friday. One proposed scenario is transforming OpenAI ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/17/2024 09:00 EDT

Naver’s Webtoon Entertainment targets up to $2.67 billion valuation in US IPO

Webtoon Entertainment, the online comics platform owned by South Korean tech giant Naver, announced on Monday its plans to seek a valuation of up to $2.67 billion in its upcoming U.S. initial public offering. The company, which is majority-owned by ... Read more ›

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Startups News
Daniel Levi @ Startups News 1 place · 06/15/2024 16:56 EDT

Bill Gates: “Cows have a digestion system that emits methane. We need to change cows and work towards artificial meat”

“Cows have a digestion system that emits methane. We need to change cows and work towards artificial meat” ~ Bill Gates. In May 2021, Bill Gates officially stepped down from the board of Microsoft, the tech giant he co-founded nearly ... Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 06/14/2024 12:02 EDT

Dublin-based fintech startup CleverCards raises $8.6 million to help businesses issue prepaid cards and prevent misuse

CleverCards, a Dublin-based fintech startup that helps businesses stop employees from abusing corporate expenses, has secured €8 million ($8.6 million) in new funding. The investment is a remarkable show of confidence in the 5-year-old startup amidst a broader fintech funding ... Read more ›

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