November 14, 2024
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Startup Spotlight


Startup Spotlight profiles emerging tech startup companies around the world. Do you run a standout startup? Email us at Info@techstartups.com

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OpenAI hits $2 billion revenue milestone as demand for generative AI skyrockets
Nickie Louise Posted On February 9, 2024


OpenAI achieved a significant milestone, reaching a $2 billion revenue in December as demand for generative AI skyrockets. The Microsoft-backed OpenAI also surpassed $2 billion on an annualized basis, the Financial Times reported on Friday, citing two sources familiar with […]


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Google rebrands Bard AI to Gemini, launches a new app and subscription
Daniel Levi Posted On February 8, 2024


Google on Thursday announced a major rebranding of Bard, its artificial intelligence chatbot and assistant, along with the introduction of a new app and subscription options. Formerly known as Bard and a key competitor to OpenAI’s ChatGPT, the AI chatbot […]


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Disney invests $1.5 billion in Epic Games to create new “Games & Entertainment Universe”
Nickie Louise Posted On February 8, 2024


Entertainment giant Disney announced on Wednesday that it is investing $1.5 billion in Fortnite maker Epic Games, making it the company’s largest-ever investment in gaming.  As part of the deal, the two companies will join forces to develop a new […]


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Transak expands into Hong Kong to accelerate APAC’s emerging digital asset market and fuel Web3 revolution
Nickie Louise Posted On February 8, 2024


The Asia Pacific (APAC) region is gaining prominence in the global digital asset landscape, with regulatory changes drawing interest from diverse stakeholders. Hong Kong, renowned as a key financial center, is capitalizing on its status to attract companies looking to […]


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USPTO rejects OpenAI’s “GPT” trademark application
Nickie Louise Posted On February 7, 2024


OpenAI, the organization behind the ChatGPT platform, has hit a roadblock in its efforts to trademark “GPT” as the company faces challenges over its claims of “GPT” ownership. GPT is an acronym for “Generative Pre-trained Transformer,” representing their family of […]


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Microsoft to train 2 million people in India’s small cities with AI skills
Nickie Louise Posted On February 7, 2024


The rapid advancements in AI, including the introduction of large language models (LLM), are reshaping how people work and altering broader business models. That’s why Microsoft has unveiled ambitious plans aimed at upskilling 2 million individuals in India’s smaller cities, […]


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Patientory Wallet launches telehealth service for GLP-1, raises additional funding
Nickie Louise Posted On February 7, 2024


Over the past decade, the United States has been actively contending with obesity rates, with almost 40% of US adults being obese and a further 31.5% being overweight. To combat rising rates and promote healthier lifestyles, Patientory – a telehealth […]


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Robot delivery startup Starship Technologies raises $90 million to deliver groceries to your doorstep
Nickie Louise Posted On February 7, 2024


Estonian robot delivery startup Starship Technologies has successfully secured $90 million in funding, marking a significant achievement after the company surpassed 11 million miles and completed over six million autonomous deliveries worldwide. The investment round was co-led by existing backers […]


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London-based RegTech startup docStribute secures $1M in pre-Series A funding to accelerate growth
Nickie Louise Posted On February 7, 2024


London-based startup called docStribute has recently secured $1 million (£820k) in Pre-Series A funding from financial service angels. The latest funding brings the total investment in the company to £1.7 million, marking a significant milestone for the company. With this […]


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Founder Story: Interview with Fred Hsu, co-founder and CEO of D3 on Web3 domains
Daniel Levi Posted On February 6, 2024


Welcome to the first edition of our Founder Stories series! Launched last month, Founder Stories showcases interviews with real founders and entrepreneurs, as well as discussions with executives shaping the future of technology and making global impacts. Today, we have […]


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Is Machine Learning Demand Starting to Outpace Moore’s Law?
Nickie Louise Posted On February 6, 2024


Muhammad Ali had been world heavyweight champion for just one year when Gordon Moore, co-founder and CEO of Intel, made a postulation that came to be known as Moore’s Law. Namely, the number of transistors on an integrated circuit (IC) […]


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Generative AI startup AudioStack raises $3.1.5M pre-Series A round to revolutionize audio production
Daniel Levi Posted On February 6, 2024


London-based AI startup AudioStack has raised $3,15 million (£2.5 million) in a pre-Series A round led by Quadri Ventures, with participation from existing investors including prominent angel investor Fred Destin and media investor and former CEO of AdsWizz, Alexis van de […]


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Adam Neumann is trying to buy back bankrupt WeWork, a real-estate startup he co-founded 14 years ago
Daniel Levi Posted On February 6, 2024


Adam Neumann, the ousted co-founder of WeWork, is aiming to buy the real-estate company he co-founded in 2010 out of bankruptcy, CNBC reported. Citing the support of “well-known capital sources,”  Neumann is reportedly backed by prominent investors, including Third Point managed […]


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Meta to start labeling AI-generated images across platforms in transparency push
Daniel Levi Posted On February 6, 2024


In a move towards greater transparency, Meta announced on Tuesday its plans to start identifying and tagging images created by other companies’ artificial intelligence services. The move, outlined by Meta’s top policy executive, involves integrating invisible markers into these images […]


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IT platform startup NinjaOne secures $231.5M in Series C funding at nearly $2 billion valuation
Nickie Louise Posted On February 6, 2024


NinjaOne announced on Tuesday it has secured $231.5 million in Series C funding to grow its IT management platform. The latest round significantly boosts the company’s valuation to about $1.9 billion, a remarkable jump from its previous valuation of $110 […]


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Apple is reportedly acquiring German AI startup Brighter AI to bolster privacy features in Vision Pro
Daniel Levi Posted On February 5, 2024


Apple is reported acquiring AI startup Brighter AI in a move to bolster privacy features within its products, starting with Apple Vision Pro, Apple news platform 9to5Mac reported, citing an unnamed source. Brighter AI declined to comment on the story, […]


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Snap to lay off 10% of global workforce in second round of job cuts
Nickie Louise Posted On February 5, 2024


Snap, the social media company behind Snapchat, announced on Monday that it is laying off 10% of its workforce globally, amounting to roughly 500 employees. The move is part of its strategy to encourage more face-to-face collaboration among their teams […]


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Everbridge to go private in a $1.5 billion buyout deal with PE firm Thoma Bravo
Nickie Louise Posted On February 5, 2024


Everbridge announced on Monday it would be acquired by U.S. private equity firm Thoma Bravo in a cash deal valued at approximately $1.5 billion, making it Thoma Bravo’s second major acquisition within the past six months. As part of the […]


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China’s Geely launches 11 low-orbit satellites for autonomous cars
Nickie Louise Posted On February 5, 2024


Chinese automaker and Volvo’s parent company Geely Holding Group announced on Saturday the launch of 11 satellites into low-earth orbit to enhance navigation precision for driverless cars. This marks its second launch as it aims to improve navigation accuracy for […]


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Cash-strapped AI startups seek mergers & acquisitions to survive amid rising costs: Is the AI dream over for startups?
Daniel Levi Posted On February 2, 2024


In November 2022, OpenAI made headlines with the launch of its ChatGPT AI chatbot. Within just five days of its release, ChatGPT attracted over 1 million users, reaching an impressive milestone of 100 million monthly active users by January 2023. […]


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