Denver-based startup Flatfile has acquired ChatCSV, an AI startup known for its highly popular AI chat app used by prominent organizations like P&G, McKinsey, Zapier, Quora, and Vimeo. The company did not disclose the amount and terms of the deal. This […]
US investment firm Invesco Inc. has made a substantial upward revision in its valuation of Indian food delivery startup Swiggy, raising it to $7.8 billion. This adjustment comes after it had marked down the valuation to $5.5 billion back in […]
AI-powered music generation app Riffusion has raised $4 million in seed funding to grow its platform and expand its team. The funding round was led by Greycroft, with additional contributions from South Park Commons and Sky9. Riffusion went viral in […]
LinkedIn, a Microsoft-owned professional networking and hiring platform, has laid off 668 employees mostly in its finance, engineering, and talent departments. This reduction accounts for approximately 3% of the company’s workforce, which surpasses 20,000 employees. . The layoff announcement marks the […]
Investment in artificial intelligence (AI) startups continues at a rapid pace with no signs of slowing down as investors pour billions into the space. The most recent addition to this funding surge is the Chinese AI startup Baichuan. On Tuesday, Baichuan announced […]
BlackRock has denied a report from crypto news outlet Cointelegraph, which claimed that U.S. regulators had given the green light to their high-profile application for a cryptocurrency investment product. According to Reuters, BlackRock clarified the situation by stating, “The iShares […]
After a prolonged period of funding challenges, the tech startup scene is finally showing signs of a resurgence. Just last week, we highlighted a significant uptick as global venture funding surged to an impressive $64.6 billion in the third quarter […]
Stack Overflow is laying off 28% of its staff. In an announcement on Monday, CEO Prashanth Chandrasekar revealed that the company is reducing its total workforce by about 28% as part of cost-cutting measures to address new challenges. Over the […]
Rite Aid has filed for bankruptcy. The 61-year-old drugstore chain with over 2,000 locations across the US, filed for Chapter 11 bankruptcy protection in New Jersey on Sunday. The move was part of the company’s efforts to restructure and significantly […]
Logistics startup Flexport is planning to cut about 20% of its global workforce in a new round of layoffs following a 20% layoff in January, CNBC reported. Citing an internal memo to the company’s employees, CNBC said that CEO Ryan Petersen […]
After nearly two years of regulatory scrutiny, Microsoft, the maker of Xbox, has successfully completed its acquisition of Activision Blizzard for $69 billion. This move significantly bolsters Microsoft’s presence in the video gaming industry, granting them access to popular titles […]
CB Insight has released its highly anticipated “Q3 2023 State of Venture Report,” bringing with it some good news on the global venture funding front. According to the report, the funding landscape experienced a significant resurgence as global venture funding […]
Key takeaways from the Q3 report include: A significant drop in trading volume, reaching historic lows. The combined spot trade volume on the top 15 centralized exchanges decreased by 30.59% in Q3. Memes, a sector that dominated in Q2 2023, […]
Earlier today, we wrote about Xsolla after the global video game commerce company announced the acquisition of Lightstream, Rainmaker, and API.stream to empower talent agencies, content creators, and their audiences. Now, the company has just released a new feature for […]
ALT21, a London-based startup and provider of an end-to-end platform for FX hedging, has closed $21 million (19.4 million euros) in funding, marking one of Europe’s largest pre-Series A funding rounds this year. The influx of capital positions ALT21 for […]
Teenagers in the United States say they watch more videos on YouTube than on Netflix, according to a recent survey conducted by investment bank Piper Sandler in partnership with DECA. The survey found that teenagers in the United States now spend […]
Team collaboration software company Atlassian announced today it has agreed to acquire the communications and video platform platform Loom, in a deal valued at approximately $975 million. The acquisition involves around $880 million in cash and the remainder in shares. […]
Convera, a B2B payments fintech startup, today announced it has successfully completed the migration of its payments network and customer services to Amazon Web Services (AWS). This move is set to empower Convera to offer a swifter payment network and […]
Standing out can be difficult in the world of tech startups. One proven way to engage potential customers and retain existing ones is through email marketing and email warm-up. But sending out emails is one thing; crafting emails that people […]
Banking giant JPMorgan on Wednesday launched its first blockchain-powered collateral settlement platform for clients. Known as the Tokenized Collateral Network (TCN), the in-house blockchain-powered tokenization application helps facilitate the transformation of traditional assets into digital assets, paving the way for […]
