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Nickie Louise @ Startups News · 06/04/2024 18:17 EDT

Fhenix, a privacy-focused Ethereum Layer 2 startup, raises $7M seed round for confidential blockchain

Fhenix, an Israeli tech startup building a confidential blockchain platform, has scored big with a $15 million Seed round led by Hack VC. Other backers include Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. This latest round ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/04/2024 14:00 EDT

The Value of Human Experience in a Machine-Driven World: A Closer Look at Horys Technologies

In an era where technology often outpaces human adaptability, understanding the value of human experience is increasingly crucial. Horys Technologies, a prominent player in the tech industry, stands as a testament to the balance between innovative machine-driven solutions and the ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/04/2024 11:38 EDT

Irish tech startup Overcast HQ raises $1.2M in funding to tackle video content overload for brands and broadcasters

Terabytes of footage are churned out daily, creating a management nightmare and causing broadcasters and brands to drown in a sea of video content. Now, one startup is throwing them a life preserver powered by artificial intelligence (AI) to address ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/04/2024 09:55 EDT

Microsoft cuts hundreds of jobs at Azure Cloud as tech layoffs continue

Microsoft is reported cutting hundreds of jobs in its Azure cloud unit, Business Insider reported Monday, adding to a series of job cuts witnessed across the technology and media sectors this year. According to sources familiar with the matter who ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/04/2024 09:00 EDT

Polkadot Blockchain Academy Launches Fifth Cohort in Singapore to Train New Generation of Blockchain Developers

In March, the Polkadot Blockchain Academy (PBA) captivated Singapore with its comprehensive, multi-week hybrid blockchain training program. Now, just two months later, PBA is set to return, launching its eagerly awaited fifth cohort on May 20, 2024. This initiative aims to ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/03/2024 13:26 EDT

Poland’s InsurTech startup Quantee partners with Zurich to deliver personalized insurance pricing

Poland’s InsurTech startup Quantee announced on Monday it has teamed up with Zurich Insurance Group in a move set to revolutionize insurance pricing. The partnership aims to enhance Zurich’s pricing accuracy and offer personalized insurance policies tailored to individual customer ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/03/2024 10:23 EDT

UK digital bank startup Monzo turns profitable for the first time after 9 years of operation

British digital bank startup Monzo posted its first-ever annual profit after nine years in business. In an announcement on Monday, Monzo revealed that its pre-tax profits for the fiscal year 2023-2024 totaled £15.4 million ($19.6 million), a significant turnaround from ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/03/2024 08:55 EDT

AMD launches new AI chips to challenge Nvidia

Advanced Micro Devices (AMD) on Monday unveiled its latest artificial intelligence (AI) processing chips to take on industry leader Nvidia. The launch includes its 5th Gen AMD EPYC server processors and the Ryzen AI 300 series for mobile devices. During the event ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/03/2024 08:14 EDT

Microsoft to invest $3.2 billion to boost Swedish AI and cloud sector

As part of the effort to bolster its presence in Europe, Microsoft announced on Monday that it is investing 33.7 billion Swedish crowns ($3.2 billion) to enhance its cloud and artificial intelligence infrastructure in Sweden over the next two years. ... Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 05/31/2024 10:41 EDT

Swedish climate fintech startup Doconomy raises $36.9M in Series B funding co-led by UBS and CommerzVentures

Doconomy, a Swedish climate-focused fintech startup, has raised €34 million ($36.9 million) in funding from leading European banks, including UBS and CommerzVentures, the venture arm of Commerzbank. The Series B financing round was co-led by UBS Next and CommerzVentures, with ... Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 05/31/2024 08:58 EDT

AI cloud provider startup CoreWeave gears up for 2025 IPO amidst surging GPU demands

The AI boom that began with the launch of ChatGPT in November 2022 has led to surging demand for the graphics processing units (GPUs) essential for powering AI data centers. One notable beneficiary of this surge is CoreWeave, an Nvidia-backed ... Read more ›

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Startups News
Daniel Levi @ Startups News · 05/30/2024 23:48 EDT

Earn Cash While You Play: How to Make Money Playing Online Games

Making cash through online games is a dream for many, but an actual income stream can be found for many individuals. Numerous avenues for players to earn real cash have developed, with the gaming business expanding. The options are limitless, ... Read more ›

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Startups News
Daniel Levi @ Startups News · 05/30/2024 19:08 EDT

The Hidden Costs of Cloud Services and How to Avoid Them

In the fast-paced world of technology startups, leveraging cloud services has become a cornerstone of success. The cloud offers flexibility, scalability, and cost-efficiency that traditional IT infrastructures simply cannot match. However, hidden beneath these apparent benefits are costs that can ... Read more ›

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Startups News
Nickie Louise @ Startups News · 05/30/2024 11:56 EDT

AI startup EthonAI raises $16M in funding led by Index Ventures to boost factory efficiency with AI

Since the meteoric rise of ChatGPT two years ago, AI startups have largely focused on leveraging AI chatbots to boost office productivity and improve efficiency. However, one AI startup has its sights on revitalizing the struggling manufacturing sector. Enter EthonAI, ... Read more ›

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