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OnePlus co-founder Carl Pei’s smartphone startup Nothing raises $96M to build the “Apple Of Android”
Nickie Louise Posted On June 28, 2023


Nothing, a London-based smartphone startup founded by OnePlus co-founder Carl Pei, has raised $96 million in funding led by European venture capital firm Highland Europe, with participation from existing investors including GV, EQT Ventures, and C Capital also investing, along […]


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Versori, a UK-based tech startup, gets $3.5M in funding to grow its AI-powered data infrastructure platform
Nickie Louise Posted On June 28, 2023


Handling data manually is a tedious and demanding process that involves a lot of labor, and resources, and carries a high risk of errors. It can also be quite costly. This applies not only to transforming data but also to […]


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Google is laying off employees at Waze; merges the popular navigation app with its own mapping products
Nickie Louise Posted On June 28, 2023


Google is cutting jobs at its popular navigation app Waze as it continues to merge the unit with its own mapping products, CNBC reported on Tuesday. According to the report, the decision comes as the tech giant plans to integrate Waze […]


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EV tech startup Faraday Future raises $90M in funding for the production launch of its FF91 electric SUV
Daniel Levi Posted On June 27, 2023


The ongoing global economic downturn has led to a funding drought, forcing tech startups to lay off some of their employees and freeze hiring while also making it difficult for them to raise new funding. One of the startups feeling […]


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552 Views


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Realtime Robotics raises $9.5M in additional funding for its collision-free autonomous motion planning for industrial robots
Daniel Levi Posted On June 27, 2023


While the spotlight remains on generative AI, the funding landscape for automation and robotics startups is also thriving. Investors continue to pour billions into the space as companies like BMW leverage solutions from some of these startups to enhance speed […]


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719 Views


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Databricks scoops up OpenAI competitor MosaicML for $1.3 billion
Nickie Louise Posted On June 27, 2023


Investors continue to pour billions into generative artificial intelligence (AI) as demand for AI applications shows no sign of slowing down. This unrelenting flow of funds also manifests in the increased merger and acquisition activity. The latest is San Francisco-based Databricks. […]


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551 Views


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German climate startup 1KOMMA5°raises €430 million in funding to create ‘virtual power plant’ for your home
Daniel Levi Posted On June 26, 2023


The impact of climate change is undeniable, encompassing the entire globe and reaching an unprecedented scale. Extensive research reveals that about 75% of global greenhouse gas emissions, the main contributor to climate change, stem from the combustion of fossil fuels. […]


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794 Views


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Apollo Global leads a $2 billion private funding for chipmaker Wolfspeed
Daniel Levi Posted On June 26, 2023


Chipmaker Wolfspeed announced on Monday it has raised a total of $2 billion in private funding from a group of lenders led by private-equity firm Apollo Global. The debt financing, which includes a $1.25 billion secured note with an accordion […]


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508 Views


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IBM to acquire Apptio for $4.6 billion to bolster its cloud and automation capabilities
Nickie Louise Posted On June 26, 2023


IBM announced on Monday it will acquire technology spend-management platform Apptio from Vista Equity Partners in a deal valued at $4.6 billion. The acquisition will strengthen IBM’s IT automation and cloud capabilities while providing enterprises with the means to maximize […]


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Estonian ride-hailing food delivery startup Bolt partners with Starship to use robots to deliver food in 45 countries
Nickie Louise Posted On June 21, 2023


Back in 2021, we reported on Bolt after the Estonian ride-hailing startup secured a massive $713 million in funding to venture into the rapidly expanding online grocery delivery industry. Early last year, Bolt also raised $709 million to expand its […]


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764 Views


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Generative AI startup Parrot raises $11M in Series A funding to grow its AI-powered transcription platform
Daniel Levi Posted On June 20, 2023


Numerous reports show that an estimated 30% of knowledge workers’ valuable time is wasted on administrative tasks. With the popularity of artificial intelligence (AI) on the rise, particularly generative AI, businesses of all sizes are actively exploring innovative solutions to […]


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620 Views


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China’s Tesla challenger Nio to raise $738.5 million from Abu Dhabi-based CYVN Holdings
Nickie Louise Posted On June 20, 2023


Just a month after investing $142 million in nuclear fusion startup Neo Fusion, Chinese EV maker Nio said Tuesday that CYVN Holdings, a firm backed by the Abu Dhabi government, will be investing approximately $738.5 million. Nio said the fresh […]


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Cybersecurity  / Featured  / Hacking  / Security  / Startup Spotlight  / Tech Startup News  / Tech Startups  / Technology News
Hackers claim to have stolen 80GB of data from Reddit; demand $4.5 million in ransom
Daniel Levi Posted On June 20, 2023


The situation surrounding recent Reddit API changes is getting stranger by the day. While everyone was talking about thousands of Reddit communities going dark to protest third-party app charges, a hacking group has just forward with a claim that it’s […]


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548 Views


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UK startup Helixx partners with Siemens to make affordable commercial EVs in India; raises $1.3 million
Daniel Levi Posted On June 19, 2023


As the demand for electric vehicles (EVs) soared, technology startups are striving to make EVs affordable and accessible to consumers in developing countries. One such startup is Helixx, a UK-based mobility manufacturing tech company looking to revolutionize the electric commercial […]


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672 Views


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Wargraphs, a bootstrap gaming startup with only one employee, sells for $54 million
Daniel Levi Posted On June 15, 2023


It’s not something you hear every day, but this bootstrap startup Wargraphs has just achieved an impressive feat by selling for millions of dollars. The London-based one-person startup is the mastermind behind Porofessor, a highly popular companion app designed for […]


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775 Views


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Digital behavioral health startup Octave raises $52M in Series C funding to transform mental health care
Daniel Levi Posted On June 15, 2023


The impact of the mental health pandemic is a grave concern that affects countless individuals across the United States and beyond. Regrettably, this issue extends far beyond the borders of the United States. Recent data from the United Nations reveals that […]


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760 Views


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Bain Capital offers to buy Swiss cloud software company SoftwareOne for $3.2 billion
Daniel Levi Posted On June 15, 2023


Private equity firm Bain Capital has made an offer to buy SoftwareOne in a deal that values the Switzerland-based software and cloud technology solutions company at 2.9 billion Swiss francs ($3.21 billion), the company announced Thursday. However, SoftwareOne’s board doesn’t […]


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810 Views


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Vodafone inks a $19 billion merger deal with Hutchison to create UK largest mobile company
Nickie Louise Posted On June 14, 2023


Vodafone and CK Hutchison have finally announced the long-awaited merger of their British mobile operations in a deal valued at 15 billion pounds ($19 billion). This exciting development, revealed on Wednesday, is expected to pave the way for a new dominant […]


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AI chip startup SiMa.ai raises $13 million in funding as AI boom picks up steam
Nickie Louise Posted On June 13, 2023


The AI boom sparked by the sudden success of OpenAI ChatGPT shows no signs of fading. Since the launch of ChatGpt in November of last year, investors have billions of dollars into generative AI startups. The latest is SiMa.ai, a […]


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Salesforce to invest $500 million in generative AI startups; unveils new AI Cloud offering
Nickie Louise Posted On June 12, 2023


Salesforce announced on Monday a significant development in its venture into artificial intelligence (AI) generative AI, doubling its venture capital fund for generative AI startups to $500 million. In addition, the CRM giant also unveiled its AI Cloud service, which […]


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