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Top venture funding news for today, June 18, 2024: Maxim AI, Huntress, Companion, Ramify, Hark, & Echion
Daniel Levi Posted On June 18, 2024


Good evening! It’s been over a year since our last edition of the Top Startup News of the Day, and we’ve been hard at work behind the scenes to introduce a new feature: the Startup Directory. This tool allows you […]


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Amazon generated $140 billion in revenue from seller fees in 2023, putting small businesses on edge
Daniel Levi Posted On June 18, 2024


In 2023, Amazon’s revenue from seller fees skyrocketed to a staggering $140 billion, marking a significant 25% of its total revenue. This surge in fees has placed immense pressure on small businesses, with 33% now on high alert due to […]


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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  / Featured  / Security  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
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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ChatGPT is down again, second outage in about two weeks
Nickie Louise Posted On June 17, 2024


After a major outage left millions without access, OpenAI’s ChatGPT appears to be down again for the second outage in about two weeks. OpenAI’s ChatGPT is experiencing a significant outage, lasting around four hours. As we deal with these disruptions […]


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Microsoft-owned GitHub lays off 80% of its employees in India
Daniel Levi Posted On June 17, 2024


Even offshored jobs are feeling the heat as companies increasingly turn to artificial intelligence (AI) to streamline operations and trim their workforce. The latest instance is Microsoft-owned GitHub, which is laying off a significant portion of its Indian employees. According […]


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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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Climate  / Energy  / Environment  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Bill Gates: “Cows have a digestion system that emits methane. We need to change cows and work towards artificial meat”
Daniel Levi Posted On June 15, 2024


“Cows have a digestion system that emits methane. We need to change cows and work towards artificial meat” ~ Bill Gates. In May 2021, Bill Gates officially stepped down from the board of Microsoft, the tech giant he co-founded nearly […]


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FinTech  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Dublin-based fintech startup CleverCards raises $8.6M in funding to help businesses issue prepaid cards and prevent abuse
Nickie Louise Posted On June 14, 2024


CleverCards, a Dublin-based fintech startup that helps businesses stop employees from abusing corporate expenses, has secured €8 million ($8.6 million) in new funding. The investment is a remarkable show of confidence in the 5-year-old startup amidst a broader fintech funding […]


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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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Design  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Transform Your Business with Professional UI/UX Design Services for Maximum Impact
Daniel Levi Posted On June 13, 2024


Apps that download for more than 5 seconds simply do not survive. Quick information entry, transaction optimization, and all platform accessibility—this is just a short list of the required features. But where can you get all of this? In this […]


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Artificial Intelligence  / Cloud  / Emerging Technology  / Featured  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
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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Blockchain  / Dapps  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
From Bridge to Bridgeless Tech – The Innovation of Cross-Chain Infrastructure for dApps
Daniel Levi Posted On June 13, 2024


In recent years, the burgeoning Web3 ecosystem has continued to witness a paradigm shift in the operation of decentralized applications (dApps), swiftly moving from a bridge-dependent infrastructure to a bridgeless one. Imagine a future where developers can create a dApp […]


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Pixelverse secures $5.5M in funding to fuel growth and accelerate mass adoption of Web3 gaming
Nickie Louise Posted On June 12, 2024


Web3 gaming continues to dominate even as traditional gaming giants struggle to keep up. Now, Pixelverse, an emerging entertainment studio and game ecosystem, just ignited the scene with a multi-million dollar investment that promises to accelerate the mass adoption of […]


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WeWork exits Bankruptcy with new leadership, names John Santora as new CEO
Daniel Levi Posted On June 12, 2024


WeWork, once a $47 billion shared office space giant, has emerged from bankruptcy and is setting a new course for its future. The company exited bankruptcy on Tuesday after reducing its debt and appointed John Santora, a veteran from Cushman […]


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Artificial Intelligence  / Emerging Technology  / Startup Spotlight  / Tech Startup News  / Tech Startups  / Technology News
Apple surpasses Microsoft as world’s most valuable company
Daniel Levi Posted On June 12, 2024


Apple has once again surpassed Microsoft to become the most valuable company in the world, following its push into artificial intelligence during its Worldwide Developers Conference (WWDC) 2024 on Monday. The iPhone maker edged out Microsoft in Wednesday morning trading, […]


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Artificial Intelligence  / Emerging Technology  / Featured  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
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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