November 29, 2024
Author

Nickie Louise

Nickie is a writer and editor for TechStartups.com. Nickie loves writing about early-stage startups, new technologies, cryptocurrencies, gaming, and gadgets. When not writing about technology, Nickie enjoys crafts, spending time with family, hiking, and exploring God's majestic creation.


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Bitfarms names new CEO just a month after rejecting Riot Platforms’ takeover bid
Nickie Louise Posted On July 8, 2024


Bitcoin mining startup Bitfarms has appointed insider Ben Gagnon as its new Chief Executive Officer to steer the company through a strategic review and an ongoing dispute with its largest shareholder and rival, Riot Platforms. The news comes just a month […]


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Jeff Bezos to sell $5 billion of Amazon shares after stock hits record high
Nickie Louise Posted On July 3, 2024


In a move that may raise eyebrows across the financial markets, Amazon founder and executive chair Jeff Bezos plans to sell almost $5 billion worth of shares in the e-commerce behemoth, according to a recent regulatory filing. This announcement follows […]


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AI coding startup Magic seeks to raise $200 million at a $1.5 billion valuation
Nickie Louise Posted On July 3, 2024


Magic, a generative AI startup developing artificial intelligence models to write software, is in advanced discussions to raise over $200 million in a new funding round, which would value the company at $1.5 billion, according to an exclusive report from […]


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Industry Ventures secures $900 million hybrid fund to invest in early-stage tech startups
Nickie Louise Posted On July 2, 2024


Industry Ventures, a pioneer investment firm specializing in private technology companies, has closed a $900 million fund for its latest fund, Industry Ventures Partnership Holdings VII (Fund VII). This news comes as a boon for non-generative AI startups that are […]


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UK fintech startup Revolut seeks $40 billion valuation following a $553.81 million profit
Nickie Louise Posted On July 2, 2024


British digital banking startup Revolut announced on Tuesday a record pretax profit of £438 million ($553.81 million) for 2023, driven by robust user growth and a significant rise in interest-related income. This marks a significant milestone as the company aims […]


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Electric car maker Fisker files for bankruptcy, leaving thousands of EV owners with uncertain future
Nickie Louise Posted On July 1, 2024


Electric vehicle startup Fisker filed for Chapter 11 bankruptcy protection in June 2024. The news ends months of speculation over the future of the company and marks a critical point in the company’s tumultuous journey. Fisker is now focused on […]


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Amazon hires founders of AI startup Adept to lead its push into AI-powered work automation
Nickie Louise Posted On July 1, 2024


Amazon has hired the co-founders of AI agent startup Adept in a move to bolster its artificial intelligence capabilities and enhance its AI-powered work automation efforts. Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders Augustus […]


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Google acquires a stake in BlackRock-backed Taiwanese solar startup to boost energy capacity amid AI boom
Nickie Louise Posted On July 1, 2024


Google announced on Monday it has acquired a stake in Taiwan’s New Green Power (NGP) in a strategic move to advance its sustainability goals. The deal includes capital investment from Google into the BlackRock fund-owned firm. As part of the […]


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Fluently, an AI startup founded by YCombinator alum, raises $2M seed round for AI-powered speaking coach for calls
Nickie Louise Posted On June 28, 2024


With 84 million non-native employees working in English-speaking environments, companies spend a staggering $10 billion annually on corporate English training to enhance communication and boost confidence. Now, one tech startup aims to transform how near-native speakers refine their English language […]


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Nokia acquires Infinera in $2.3 billion deal to tap into AI-driven data center boom
Nickie Louise Posted On June 28, 2024


Nokia announced on Thursday it has agreed to acquire U.S.-based optical networking gear maker Infinera Corp in a deal valued at $2.3 billion to bolster its optical network business and tap into an AI-fueled data center boom. This strategic acquisition […]


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Pear Commerce secures $10M in funding to deliver omnichannel shopping experience across platforms and devices
Nickie Louise Posted On June 27, 2024


For years, online retailers have frequently overlooked the consumer experience. The fragmented customer journey has resulted in an inconsistent customer experience leading to frustration and inefficiency. However, modern consumers now expect a seamless shopping experience across all channels including platforms […]


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Space  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
NASA awards SpaceX nearly $1B contract to decommission the Space Station (ISS) and crash it into the sea
Nickie Louise Posted On June 27, 2024


NASA has awarded SpaceX a nearly $1 billion contract for the planned decommission and removal of the International Space Station (ISS) from orbit at the end of its operational life in 2030, a significant vote of confidence for Elon Musk’s […]


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BioTech  / Energy  / Environment  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Austrian biotech startup Vertus Energy gets €8.75M seed funding to generate renewable energy from waste
Nickie Louise Posted On June 27, 2024


Vertus Energy, an Austrian industrial biotech startup specializing in Waste-to-X solutions, has raised €8.75 million in seed funding to boost biogas production and drive the delivery of the European renewable energy objectives. The round was led by Energy Capital Ventures, with […]


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SoftBank to invest up to $30 million in search engine startup Perplexity AI at a  $3 billion valuation
Nickie Louise Posted On June 27, 2024


Japanese tech giant SoftBank Group Corp’s Vision Fund 2 is set to invest between $10 million and $20 million in U.S.-based search startup Perplexity AI, Bloomberg reported on Thursday. The investment marks Masayoshi Son’s latest strategic move in a sector […]


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ICQ shuts down: ICQ is shutting down after 28 years of offering instant messaging service
Nickie Louise Posted On June 26, 2024


ICQ, the pioneering instant messaging platform fondly remembered by early internet users as “I Seek You,” has officially ceased operations today, June 26, 2024. The shutdown marks the end of an era that began almost 28 years ago. Launched in […]


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Entegris receives $75M in Chips Act grant to boost US semiconductor manufacturing amid surging demand for AI chips
Nickie Louise Posted On June 26, 2024


The U.S. government has granted up to $75 million in funding to Entegris, an American supplier in chip manufacturing, to support the establishment of a new plant in Colorado. The move is part of the CHIPS Act initiative aimed at […]


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Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Google ends continuous scrolling on search results; reverts to the classic page-based results
Nickie Louise Posted On June 26, 2024


In December 2022, Google introduced continuous scrolling for desktop search results. However, the change was not well received. Now, the tech giant has decided to reverse that decision, opting instead to return to the classic page-based search results. According to […]


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Featured
Data connectivity startup CData Software raises $350M in growth equity funding led by Warburg Pincus
Nickie Louise Posted On June 26, 2024


CData Software, a provider of data connectivity solutions startup, has raised close to $350 million in growth equity financing. The funding round was led by U.S. private equity giant Warburg Pincus, with significant participation from Accel. This capital infusion comes […]


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Coder gets $35M to modernize enterprise development environment & streamline software development
Nickie Louise Posted On June 25, 2024


Austin-based tech startup Coder.com has raised $35 million in Series B2 funding round to enhance its cloud-based development platform. This funding round, led by newcomer Georgian, brings Coder’s total Series B funding to $65 million. Existing investors Uncork Capital, Notable […]


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EvolutionaryScale, an AI for biology startup, raises $142M in funding to revolutionize drug discovery and life sciences
Nickie Louise Posted On June 25, 2024


EvolutionaryScale, an emerging AI startup at the intersection of biology and life sciences, announced on Tuesday that it has secured an impressive $142 million in seed funding. The funding will be used to develop advanced AI models capable of generating […]


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