Nickie Louise - Tech Startups

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Sequoia India-backed AI startup Gan.ai raises $5.25M in funding for its AI-powered video platform

Nickie Louise Posted On May 23, 2023

The rise of ChatGPT has sparked a rapid surge in the mainstream adoption of generative artificial intelligence (AI) across industries. Since its launch late last year, many companies began to capitalize on its growing popularity and incorporate AI into their […]

708 Views

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Facebook’s Meta sells Giphy to Shutterstock for $53 million, just 3 years after acquiring it for $400 million

Nickie Louise Posted On May 23, 2023

Facebook’s parent company Meta has sold Giphy to Shutterstock as part of the company’s effort to comply with a UK regulator’s order, Reuters reported. In an announcement on Tuesday, Shutterstock said it has reached an agreement to buy the popular […]

923 Views

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Fintech firm Wise’s CFO resigns just days after CEO announced a 4-month sabbatical leave

Nickie Louise Posted On May 22, 2023

UK-based fintech giant Wise’s Chief Financial Officer (CFO) Matt Briers has resigned from the company, CNBC reported. Wise announced on Monday that Briers, who joined the money transfer firm in 2015, is leaving the company next year. Shares of Wise […]

749 Views

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Sotheby’s sells bankrupt crypto firm Three Arrows Capital’s NFT collection for nearly $2.5 million at auction

Nickie Louise Posted On May 22, 2023

Sotheby’s, the world’s largest auction house for art and luxury items, announced on Friday that it has sold seven non-fungible tokens (NFTs) from bankrupt cryptocurrency hedge fund Three Arrows Capital for about $2.5 million. Among the tokens sold, “Fidenza #725” received […]

1.8K Views

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India’s most valuable fintech startup PhonePe raises another $100M, pushes its total funding to $850M

Nickie Louise Posted On May 22, 2023

India’s leading fintech startup PhonePe has secured an additional $100 million in funding from General Atlantic, pushing the tally to $850 million in an ongoing financing round. This investment marks the fifth consecutive fundraise for PhonePe in the current year. […]

691 Views

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Facebook’s Meta fined a record $1.3 billion for transferring EU users’ data to the US

Nickie Louise Posted On May 22, 2023

Meta, the parent company of Facebook, has received a historic fine of 1.2 billion euros ($1.3 billion) from the European Union privacy regulator. This decision was made by the Data Protection Commissioner (DPC) in Ireland, giving Meta a five-month deadline […]

968 Views

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Jeff Bezos’ Blue Origin wins NASA contract to build astronaut lunar lander

Nickie Louise Posted On May 19, 2023

Jeff Bezos’ space company, Blue Origin, has won the highly-coveted NASA contract to build a spacecraft that will send astronauts to and from the moon’s surface. In an announcement on Friday, NASA’s chief said that a team led by Blue […]

850 Views

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From Shopify to global enterprise: The 5 biggest companies that began as a Shopify dropshipping store

Nickie Louise Posted On May 19, 2023

In today’s world, the opportunities to embark on a path of entrepreneurial success are boundless. When it comes to lucrative ventures, e-commerce, and drop shipping reign supreme, thanks to the remarkable growth of platforms like Shopify. These websites have revolutionized the […]

925 Views

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Chinese EV maker Nio invests $142 million in nuclear fusion startup Neo Fusion

Nickie Louise Posted On May 19, 2023

Despite billions of dollars being poured into generative AI startups following the recent success of ChatGPT, investors are slowly warming up to nuclear fusion startups as the technology shows increasing promise. Last week, we wrote about Helion after Microsoft agreed […]

1.1K Views

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OpenAI launches ChatGPT app for iOS that accepts voice prompts, Android coming soon

Nickie Louise Posted On May 18, 2023

OpenAI, the company behind the ChatGPT chatbot, has launched a ChatGPT app for Apple’s iOS. In an announcement on Thursday, OpenAI s CTO Mira Murati said that an Android version is coming soon. The new iPhone app, which is the […]

799 Views

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SoftBank to invest $150M in Black and Latino startups; rebrands its second fund to Open Opportunity Fund

Nickie Louise Posted On May 18, 2023

In June 2020 we wrote about SoftBank Group after the Japanese conglomerate launched a $100 million fund called the “Opportunity Growth Fund” to invest in Black and Latino-led startups. The fund was part of the firm’s effort to improve diversity […]

1.2K Views

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JPMorgan and Barclays back a $110M investment in German InsurTech startup Wefox at $4.5 billion valuation

Nickie Louise Posted On May 18, 2023

Wefox, a Berlin, Germany-based insure tech startup, has closed $110 million in a new round of funding from existing investors including JPMorgan and Barclays. In an announcement on Wednesday, Wefox said that $55 million of the total amount raised came […]

1.9K Views

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Disgraced Theranos founder Elizabeth Holmes to arrive at prison on May 30 to begin her 11-year sentence

Nickie Louise Posted On May 18, 2023

Disgraced founder and former Theranos CEO Elizabeth Holmes is finally heading to prison after her unsuccessful attempt to avoid incarceration. The U.S. District Judge ruled that must report to prison on May 30. Holmes was convicted of running a years-long […]

703 Views

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Bitpanda-backed Pantos launches public beta of its Multichain Token Creator

Nickie Louise Posted On May 17, 2023

Pantos, a multichain token system backed by the Austrian crypto exchange Bitpanda, today announced the public release of the Multichain Token Creator, an easy-to-use web app that enables users to deploy tokens on multiple blockchains. Before now, developers, users, and […]

883 Views

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Ripple acquires Switzerland-based crypto custody startup Metaco for $250 million

Nickie Louise Posted On May 17, 2023

Ripple, a crypto startup best known for its cryptocurrency XRP, has acquired Switzerland-based crypto custody startup Metaco in a deal valued at $250 million, making it the company’s first major acquisition. In an announcement on Tuesday, Ripple said that the […]

767 Views

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iDEAL Semiconductor raises $40M to develop cheaper and energy-efficient power chips for electric cars

Nickie Louise Posted On May 16, 2023

The widespread adoption of electric power in various sectors has placed significant demands on the energy infrastructure grid. This necessitates the development of cleaner energy generation methods as well as the implementation of greener practices to ensure sustainable energy usage. […]

1.2K Views

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Cosmic Aerospace raises $1.5 in funding to develop an electric plane with over 600 miles range

Nickie Louise Posted On May 16, 2023

In our collective efforts to reduce our dependency on fossil fuels, companies like Tesla and a multitude of other innovative tech startup companies have made remarkable progress in the development of electric vehicle technology for electric cars and trucks. In recent […]

754 Views

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Zoom invests in AI startup Anthropic to evolve its AI smart companion called Zoom IQ

Nickie Louise Posted On May 16, 2023

Zoom, the popular video-conferencing platform, said on Tuesday it has invested an undisclosed amount in AI startup Anthropic to integrate the artificial intelligence start-up’s technology into its AI smart companion called ZoomIQ. The move is part of Zoom to bolster […]

794 Views

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FinTech startup Tipalti lands $150M in growth funding from JPMorgan Chase Bank and Hercules Capital

Nickie Louise Posted On May 16, 2023

Tipalti, a global payables automation platform and the developer of payments and compliance technology, has secured $150 million in growth financing from JPMorgan Chase Bank and Hercules Capital. The latest round brings the company’s total funding to over $550 million. […]

704 Views

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EU approves Microsoft’s $69 billion acquisition of Activision, clearing a major hurdle

Nickie Louise Posted On May 15, 2023

The European Union (EU) on Monday approved Microsoft’s proposed $69 billion acquisition of the gaming giant Activision Blizzard. This regulatory clearance marks a major milestone for the acquisition, removing a significant hurdle in the process. The news comes about three […]

703 Views