Private equity firm Permira has increased its buyout offer for website design software company Squarespace by $300 million, raising the total to $7.2 billion, the companies announced on Monday. This increase comes just four months after Squarespace announced plans to […]
Atomico, an early backer of leading European tech startups like Stripe and Klarna, has launched two new funds worth $1.24 billion to support emerging and growth-stage startups in the sector. The launch of Atomico’s sixth fund cycle includes a $754 […]
Just two months after acquiring the file-sharing platform WeTransfer, Italian app developer Bending Spoons will cut 75% of the WeTransfer workforce, according to a statement from CEO Luca Ferrari on Sunday. “I won’t be more specific at this stage because […]
This is a guest piece written by Lola Reid Allin, author of Highway to the Sky: An Aviator’s Journey It was the beginning of August 1982. My contact at the airline advised a decision would be made after Labor Day. […]
At TechStartups, we always appreciate high-quality content that informs, engages, and adds value to our audience. As such, we welcome guest contributions from our readers, industry experts, founders, and thought leaders. Every day, we receive several guest post requests from […]
Salesforce has acquired Israeli data startup Own for $1.9 billion in cash. Formerly known as OwnBackup, the company specializes in data protection and management solutions. This acquisition marks Salesforce’s largest since its $27.7 billion purchase of Slack in 2021. As […]
A consortium led by Vista Equity Partners and Blackstone is reportedly in discussions to acquire Smartsheet, a U.S.-based company specializing in workplace collaboration software, which currently holds a market value of about $7 billion, Reuters reported on Thursday, citing sources […]
Just a week after partnering with FLock to roll out “Proof of AI” for securing decentralized networks, io.net has secured another major deal with layer-1 blockchain for AI Nesa to further advance decentralized AI model development. Although only unveiled in April, […]
Global pharmaceutical leader Eli Lilly has struck a research agreement with AI-driven drug discovery startup Genetic Leap. The deal is worth $409 million, according to an announcement by Genetic Leap on Thursday. As part of the deal, Genetic Leap will […]
Tesla announced on Thursday that it will launch its “Full Self Driving” (FSD) driver assistance feature in Europe and China by early next year. This paid add-on is expected to roll out in the first quarter of 2025, contingent on regulatory […]
Less than four months after leaving OpenAI, former chief scientist and co-creator of ChatGPT-4, Ilya Sutskever, has secured $1 billion for his new AI venture, Safe Superintelligence (SSI). In a post on X, the company revealed that the funding was […]
Israeli tech startup Odeeo has secured $5 million in strategic funding to fuel the global growth of its in-game audio advertising platform. The funding round includes support from both returning and new investors, with Atinum Investments, one of Korea’s top […]
Brazil’s recent ban on Elon Musk’s social media platform, X, has driven users toward smaller alternatives like Bluesky, which has seen a surge in popularity as people search for new ways to express themselves online. Bluesky announced on Monday that […]
Nvidia experienced a staggering $279 billion loss in market value on Tuesday, marking the largest single-day decline in U.S. history. This sharp drop came as Wall Street and investors reevaluated their enthusiasm for AI amid broader market concerns and tepid […]
Bain Capital has offered to acquire Japanese software developer Fuji Soft, valuing the deal at around 600 billion yen ($4.1 billion). This bid surpasses a previous offer from KKR, another equity fund. In its announcement on Tuesday, Bain revealed that […]
Cyprus-based tech startup Placy has secured $1.1 million (€1 million) in pre-seed funding to advance its AI-powered tool, which automates key tasks in the real estate industry, including property valuations, research, viewing schedules, and agreement drafting. Zubr Capital, a European […]
Less than a year after its inception, Elon Musk’s AI venture, xAI, has launched “Colossus,” now the world’s most powerful AI cluster on the planet, powered by 100,000 Nvidia H100 GPUs. The entire system was built in just 122 days, […]
Oslo-based robotic startup 1X Technologies has just unveiled the most realistic AI-powered humanoid yet: NEO Beta, a two-legged robot designed for everyday home assistance. Standing 5 feet 5 inches tall and weighing 66 pounds, NEO Beta can walk at 2.5 […]
German online food delivery giant Delivery Hero announced it plans to spin off its Middle East business, Talabat, to list it on the Dubai stock exchange later this year. In an announcement on Thursday, Delivery Hero confirmed it is preparing […]
Chatbot startup Character.AI has laid off at least 5% of its workforce has laid off around 5% of its workforce, according to a report from The Information. This decision is part of a broader effort by the company to streamline operations […]