November 15, 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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Voice AI startup ElevenLabs reaches unicorn status with $80 million Series B raise
Nickie Louise Posted On January 22, 2024


Artificial intelligence (AI) startup ElevenLabs announced on Monday it has raised $80 million in Series B funding. The round was led by venture capitalist Andreessen Horowitz, with participation from entrepreneurs Nat Friedman and Daniel Gross, along with others, including Sequoia […]


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Tech startup CEO died after falling 20 feet to the stage at a company event
Daniel Levi Posted On January 22, 2024


Sanjay Shah, the founder and CEO of Vistex, a software startup based in Illinois, tragically passed away last week after an incident during a company event, as reported by multiple sources. The distressing incident was captured on video and shared […]


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Meta’s Open AGI: Zuckerberg says Meta to build open-source artificial general intelligence (AGI) and make it available to all
Nickie Louise Posted On January 19, 2024


Mark Zuckerberg announced on Thursday that Meta is planning to build its own artificial general intelligence (AGI) and release it as open-source (open AGI) software and make it freely available to the general public. “Our long-term vision is to build […]


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AI startup Cohere in talks to raise between $500 million to $1 billion in new funding, sources
Nickie Louise Posted On January 19, 2024


Cohere, a Toronto-based AI startup specializing in AI foundation models, is currently in talks with investors to secure funding in the range of $500 million to $1 billion, according to an insider who shared the information with Reuters on Friday. […]


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TrusTrace, a Stockholm-based SaaS startup, raises $24 million in funding to expand its global footprint
Nickie Louise Posted On January 18, 2024


TrusTrace, a Stockholm-based SaaS startup and provider of product traceability and compliance, has secured $24 million in growth funding. The funding round was led by Circularity Capital, a specialist investor in businesses contributing to the circular economy, and saw participation […]


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Bosch to cut 1,200 software jobs by 2026 amid rising costs and slowdown in automated driving sector
Daniel Levi Posted On January 18, 2024


The world’s largest automotive supplier Bosch is planning to cut around 1,200 jobs in the software division by the end of 2026, 950 of them in Germany, the company confirmed in a statement with Italian Handelsblatt Daily on Thursday. The […]


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708 Views


Featured  / FinTech  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Fintech startup Kashable scores $25.6M in funding to boost employee financial wellness
Daniel Levi Posted On January 18, 2024


Financial well-being is becoming a major concern for businesses, as financially stressed employees are more likely to be stressed, unproductive, and absent from work. Recognizing this issue, one fintech startup has made its mission to equip employees with tools and […]


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557 Views


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Barclays relaunches Cambridge coworking space for climate tech startups
Nickie Louise Posted On January 18, 2024


Barclays, the British multinational universal bank, has relaunched its Cambridge Eagle Lab with a fresh emphasis on supporting high-growth climate tech startups in connecting, growing, and scaling, the bank announced on Thursday. The revamped space offers dedicated pre-seed and bridge […]


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556 Views


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BMW partners with AI robotics startup Figure to deploy humanoid robots in U.S. plants and take on Tesla
Nickie Louise Posted On January 18, 2024


AI robotics startup Figure announced on Thursday it signed a partnership with BMW Manufacturing to deploy its humanoid robots at BMW’s facility in the U.S. The move reflects a growing trend among companies to utilize human-like robots for specific physical […]


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569 Views


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Reddit IPO: Reddit plans to go public in March
Nickie Louise Posted On January 18, 2024


Reddit, the widely popular online forum celebrated for its lively communities and meme-driven culture, is gearing up for a major milestone: an impending initial public offering (IPO) potentially scheduled for as early as March 2024. This move has the potential […]


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486 Views


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Uber shuts down Drizly, an alcohol delivery startup it bought 3 years ago for $1.1 billion
Nickie Louise Posted On January 17, 2024


Uber is finally moving away from the alcohol delivery business, concluding its billion-dollar experiment with Drizly. The ride-hailing giant announced its decision to close down the Drizly platform by March, according to an exclusive report from Axios. Having acquired Drizly […]


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431 Views


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Generative AI meets online shopping: Amazon unveils AI tool to answer shoppers’ questions
Nickie Louise Posted On January 17, 2024


Say goodbye to traditional product descriptions. Amazon is shaking things up by introducing an AI-powered tool to help shoppers get AI-powered answers to products on its website. The tech giant announced on Tuesday that it is rolling out an artificial […]


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475 Views


Electric Vehicles  / Featured  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
From IPO darling to delisting: Self-driving tech startup TuSimple’s tumultuous journey ends with Nasdaq exit
Nickie Louise Posted On January 17, 2024


TuSimple Holdings has decided to delist from the Nasdaq and end its registration with the U.S. securities regulator. This move has led to a 40% decrease in the autonomous driving technology company’s shares during premarket trading. The news comes just […]


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JPMorgan leads a $300M investment in Honeywell’s quantum computing spin-off Quantinuum, now valued at $5 billion
Nickie Louise Posted On January 16, 2024


Quantinuum, a Honeywell’s quantum computing spin-off, has raised $300 million in new funding led by Wall Street giant JP Morgan. Honeywell International announced on Tuesday that Quantinuum closed a $300 million equity funding round at a $5 billion pre-money valuation The […]


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644 Views


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Synopsys acquires Ansys for $35 billion, marking the emergence of new engineering software powerhouse
Nickie Louise Posted On January 16, 2024


Chip design software company Synopsys announced on Tuesday that it plans to acquire Ansys in a $35 billion cash-and-stock deal, marking a significant development in the engineering software industry. This move follows Synopsys co-founder Aart de Geus handing over the […]


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495 Views


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AI will impact 60% of jobs in advanced economies, IMF warns
Nickie Louise Posted On January 15, 2024


The International Monetary Fund (IMF) warned that artificial intelligence is poised to transform a majority of work in developed economies as the looming job shift. In a statement on Monday, IMF Managing Director Kristalina Georgieva said at the World Economic […]


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775 Views


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The unexpected lessons of selling a startup: Modelbit founder shares lessons on why relationships matter more than money
Daniel Levi Posted On January 15, 2024


Harry Glaser is the CEO and co-founder of Modelbit, a San Francisco-based startup dedicated to simplifying the deployment and management of models in production for data scientists. Co-founded with his friend and CTO Tom O’Neill in 2021, Modelbit empowers data […]


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716 Views


Featured  / Layoff  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Tech companies lay off over 7,500 employees in the first 2 weeks of 2024
Daniel Levi Posted On January 15, 2024


In just the first two weeks of 2024, tech companies have already laid off over 7,500 employees. According to the layoff tracking website Layoffs.fyi, 48 tech companies laid off a total of 7528 employees. Despite tech stocks experiencing a notable rebound […]


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720 Views


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17 Most In-Demand Jobs for the Future
Daniel Levi Posted On January 15, 2024


The world of work is undergoing a transformation, driven by rapid advancements in artificial intelligence (AI) and generative AI. These changes, coupled with the growing emphasis on a greener future, are reshaping employment across various sectors. While some roles diminish, […]


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500 Views


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Exploring crypto trends: A look back at 2023 and insights for 2024 by Binance Research
Nickie Louise Posted On January 15, 2024


Binance Research, the analytical powerhouse of Binance dedicated to providing top-notch insights for cryptocurrency investors, has unveiled its comprehensive report titled “Full-Year 2023 & Themes for 2024” on the crypto industry’s performance in 2023 and the anticipated trends for 2024. […]


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