November 29, 2024
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AI startup You.com is raising $50M in funding to pivot from AI-powered search engine to AI assistant market
Daniel Levi Posted On June 18, 2024


In 2021, we reported on You.com, an AI startup that raised $20 million in funding to take on Google with a more customizable search engine that summarizes web content. Three years later, You.com appears to be pivoting towards the AI […]


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Cybersecurity startup Huntress raises $150M in Series D funding; doubles its valuation to over $1.5 billion
Nickie Louise Posted On June 18, 2024


Cybersecurity startup Huntress has secured $150 million in Series D funding to secure IT infrastructure and bolster security for small businesses and the service providers that support them. The round, led by Kleiner Perkins, Meritech Capital, and existing investor Sapphire […]


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AI startup Decagon emerges from stealth with $35M in funding to revolutionize customer service with AI
Nickie Louise Posted On June 18, 2024


The gold rush for artificial intelligence shows no signs of slowing down as investors and VC firms pour billions into innovative generative AI startups. One of the latest beneficiaries of this funding wave is Decagon, a tech startup specializing in […]


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OpenAI considers becoming a for-profit company, paving way for IPO
Nickie Louise Posted On June 17, 2024


OpenAI CEO Sam Altman privately told some shareholders that the company is considering a potential change in its governance structure to a for-profit business independent of its nonprofit board, The Information reported on Friday. One proposed scenario is transforming OpenAI […]


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Naver’s Webtoon Entertainment targets up to $2.67 billion valuation in US IPO
Nickie Louise Posted On June 17, 2024


Webtoon Entertainment, the online comics platform owned by South Korean tech giant Naver, announced on Monday its plans to seek a valuation of up to $2.67 billion in its upcoming U.S. initial public offering. The platform originally debuted in South […]


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Tempus AI makes IPO debut, valuing the precision medicine startup at $6 billion
Nickie Louise Posted On June 14, 2024


After years of anticipation, AI-driven precision medicine startup Tempus AI is finally making its debut on the U.S. market. Backed by heavyweights like Google and SoftBank Group, Tempus AI has set the price of its initial public offering (IPO) at […]


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1.9K Views


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Amazon’s AWS invests $230 million in cloud credits for generative AI startups
Nickie Louise Posted On June 13, 2024


Amazon announced on Thursday an investment of $230 million in Amazon Web Services (AWS) cloud credits aimed at supporting generative AI startups. This initiative underscores the intensifying competition among cloud providers to attract AI clients from their inception. The program […]


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French AI startup Mistral AI raises $650 million to ‘push the frontier of AI,’ tripling its valuation to $6 billion
Nickie Louise Posted On June 12, 2024


French AI startup Mistral AI has raised 600 million euros ($643.7 million) in a Series B funding round led by existing investor General Catalyst, almost tripling its valuation to 5.8 billion euros, a big increase from its 2 billion euros […]


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German AI startup Black Semiconductor raises $274M in funding to launch next-generation chips based on graphene
Nickie Louise Posted On June 12, 2024


Germany’s AI startup Black Semiconductor has raised €254 million ($273 million) in funding to develop next-generation chip technology using a carbon material called graphene, the company announced on Wednesday. The funding includes €229 million in public grants from the German […]


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2.8K Views


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AI startup AlphaSense raises $650M in funding at $4 billion valuation; agrees to buy rival Tegus for $930 million
Nickie Louise Posted On June 11, 2024


AI-driven market intelligence startup AlphaSense announced on Tuesday that it has raised $650 million in a new funding round, elevating its valuation to a robust $4 billion. This marks a $1.5 billion increase from its valuation following a $150 million […]


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3.2K Views


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Here’s everything Apple announced at WWDC 2024
Nickie Louise Posted On June 11, 2024


Following months of speculation, Apple on Monday unveiled its much-anticipated AI strategy and a suite of AI-powered features and software enhancements for the iPhone and its other devices at the Worldwide Developers Conference (WWDC) 2024. A Focus on Artificial Intelligence […]


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Humane, the hardware startup behind the AI Pin, in talks with HP and telecoms for potential sale
Daniel Levi Posted On June 10, 2024


Humane, the AI startup founded by former Apple designers, is reportedly looking for a potential buyer following the lukewarm reception of its AI Pin wearable, according to CNBC, citing sources familiar with the situation. Sources disclosed to CNBC that Humane […]


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Cognizant to acquire acquire digital engineering firm Belcan for $1.3 billion
Nickie Louise Posted On June 10, 2024


Cognizant Technologies, a leading information technology services provider, announced on Monday it has reached an agreement to acquire digital engineering firm Belcan for approximately $1.3 billion in a combination of cash and stock. This strategic acquisition will broaden Cognizant’s reach […]


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AI startup Harvey in talks to raise $600 million in funding at $2 billion valuation
Nickie Louise Posted On June 10, 2024


Harvey, a generative AI startup targeting legal, tax, and finance professionals, is reportedly in talks to raise $600 million in funding. According to an exclusive report by The Information, this new infusion of capital would push the San Francisco-based startup’s […]


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The Future of Calls? Nokia CEO Makes World’s First ‘Immersive’ Phone Call
Nickie Louise Posted On June 10, 2024


In a landmark achievement, Nokia CEO Pekka Lundmark made the world’s first “immersive audio and video” phone call using a new technology called “immersive audio and video,” the company said in a statement. In an announcement on Monday, Nokia said […]


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Ionic Materials, a tech startup set to revolutionize lithium batteries for EVs, shuts down operations
Nickie Louise Posted On June 6, 2024


Ionic Materials, a solid-state EV battery hopeful, has shut down. According to a report from The Information, the Massachusetts-based Ionic Materials has ceased operations. The company has also let go of nearly its entire workforce, marking a significant setback in […]


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Qualcomm-backed AI startup Kneron launches next generation AI chips to challenge Nvidia and AMD
Nickie Louise Posted On June 5, 2024


Artificial intelligence chip startup Kneron on Wednesday unveiled its next-generation products, targeting the growing demand for AI from businesses and presenting a robust alternative to industry giants like Nvidia and AMD. The Taiwan-based startup, backed by industry heavyweights Qualcomm and […]


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SAP acquires digital adoption startup WalkMe for $1.5 billion
Nickie Louise Posted On June 5, 2024


German software giant SAP announced on Wednesday it has agreed to acquire digital adoption startup WalkMe for a cash transaction valued at $1.5 billion. This offer represents a significant 45% premium over WalkMe’s closing share price from the previous night. […]


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Fhenix, a privacy-focused Ethereum Layer 2 startup, raises $15M Series A round for confidential blockchain
Nickie Louise Posted On June 4, 2024


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


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Irish tech startup Overcast HQ raises $1.2M in funding to tackle video content overload for brands and broadcasters
Nickie Louise Posted On June 4, 2024


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 […]


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