November 16, 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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AI music app Riffusion turns viral buzz into $4 million funding
Daniel Levi Posted On October 17, 2023


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 […]


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LinkedIn fires nearly 700 employees in second round of layoffs
Nickie Louise Posted On October 17, 2023


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 […]


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Chinese AI startup Baichuan raises $300 million in funding from Alibaba, Tencent, and others
Nickie Louise Posted On October 17, 2023


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 […]


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SEC has not yet approved iShares Bitcoin Spot ETF; BlackRock denies Coin Telegraph report
Nickie Louise Posted On October 16, 2023


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 […]


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Space startups funding surges to $3 billion in Q3, up 17%
Daniel Levi Posted On October 16, 2023


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 […]


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Stack Overflow lays off 28% of its total workforce amid challenges posed by generative AI
Nickie Louise Posted On October 16, 2023


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 […]


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500 Views


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Rite Aid files for bankruptcy as drugstores face existential crisis from online retailers like Amazon
Nickie Louise Posted On October 16, 2023


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 […]


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Flexport is laying off 20% of its workforce one month after the logistics startup ousted its CEO, Dave Clark
Nickie Louise Posted On October 13, 2023


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 […]


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Microsoft seals Activision Blizzard deal after UK regulatory approval
Nickie Louise Posted On October 13, 2023


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 […]


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Global Venture Funding Increased in Q3 2023 to Reach $64.6 Billion, Up 11% From the Previous Quarter
Daniel Levi Posted On October 12, 2023


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 […]


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CoinMarketCap Releases “According to CMC” Q3 2023 Report on the Crypto Market
Nickie Louise Posted On October 12, 2023


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, […]


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Xsolla’s New Headless Checkout Feature Now Lets Developers Create Custom Payment Experiences
Nickie Louise Posted On October 12, 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 […]


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Xsolla acquires Lightstream, Rainmaker, and API.stream to empower content creators
Nickie Louise Posted On October 12, 2023


In the ever-evolving world of content creation and distribution, innovation and simplification are constant goals. That’s why Xsolla, a major player in the video game industry, has decided to make a strategic move to meet these challenging needs. Today, Xsolla […]


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ALT21, a London-based fintech startup, raises $21M in funding to grow its hedging platform
Nickie Louise Posted On October 12, 2023


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 […]


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YouTube surpasses Netflix as the most popular video streaming service among teens
Nickie Louise Posted On October 12, 2023


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 […]


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Atlassian acquires video messaging platform Loom for nearly $1 billion
Nickie Louise Posted On October 12, 2023


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. […]


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Convera completes migration to AWS to accelerate faster payments and improve customer experience
Nickie Louise Posted On October 12, 2023


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 […]


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530 Views


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Creating Compelling Email Content: Strategies for Engagement
Daniel Levi Posted On October 12, 2023


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 […]


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JPMorgan launches its first tokenized blockchain collateral settlement with BlackRock and Barclays
Daniel Levi Posted On October 11, 2023


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 […]


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Pickle picks up $8M to let you rent the latest styles and trends from its peer-to-peer rental marketplace
Nickie Louise Posted On October 11, 2023


Pickle, a New York-based fashion startup, has secured $8 million in seed funding to fuel the growth of its peer-to-peer fashion rental marketplace that enables users to rent the latest fashion trends. Leading this investment round are FirstMark Capital and […]


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