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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Vietnam’s EV startup VinFast to acquire battery maker VinES from its founder two months after going public
Nickie Louise Posted On October 11, 2023


Just two months after going public in a $23 billion SPAC merger deal, Vietnamese electric vehicle maker VinFast announced Wednesday. that it will acquire a 99.8% stake in the battery maker VinES from its founder, Pham Nhat Vuong. The move […]


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Conveyor closes $12.5M in Series A funding to automate security reviews using generative AI
Nickie Louise Posted On October 11, 2023


The process of establishing trust in data security by companies today remains laborious and predominantly manual, despite the emergence of new tools. It’s still heavily reliant on the infamous security questionnaire. The simple question of “Can I trust this company […]


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Search engines will be adding ‘content warnings’ to AI-generated content, analysts predict
Daniel Levi Posted On October 10, 2023


The internet witnessed a sensational eruption of excitement when ChatGPT, the popular AI chatbot developed by OpenAI, quickly took the world by storm. Within a mere five days after the launch, ChatGPT had already garnered over a million users. This […]


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Chinese EV startup WM Motor files for bankruptcy as price competition heats up
Daniel Levi Posted On October 10, 2023


Just last week, we wrote about Lucid Motors following a report that the electric vehicle startup lost $338,000 for every electric vehicle sold. This news was a big blow to the company, which has been struggling to stay afloat after […]


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Adobe launches new AI image generation tools to compete with AI startups challenging its core business
Nickie Louise Posted On October 10, 2023


Text-based AI image generation is about a year old with tools from Midjourney and Stable Diffusion dominating the space. These AI-powered tools have since posed a significant challenge to Adobe, a company whose core customer base consists mainly of creative […]


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Hacken partners with Radix to boost Radix’s ecosystem security with comprehensive code audits
Daniel Levi Posted On October 10, 2023


In August, Hacken announced it has partnered with KuCoin Community Chain (KCC) to bring together its extensive experience in digital security and the distinctive community-driven blockchain of KCC, with the shared goal of creating a more secure and seamless Web3 […]


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AMD to buy AI software startup Nod.ai in a bid to catch up with rival chipmaker Nvidia
Nickie Louise Posted On October 10, 2023


Advanced Micro Devices (AMD) announced on Tuesday it plans to buy artificial intelligence (AI) startup Nod.ai as part of the effort to enhance its software capabilities. While the terms of the deal were not disclosed, AMD said the acquisition will […]


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The Future of M&A: Innovations in Virtual Data Rooms and Dealmaking
Nickie Louise Posted On October 10, 2023


Deals involving mergers and acquisitions are moving more quickly than ever, leaving less and less time for due diligence to be completed before a transaction closes. As a result, more sellers are substituting the best data room providers for the […]


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Unity Software CEO John Riccitiello steps down effective immediately
Nickie Louise Posted On October 10, 2023


Unity Software made a surprising announcement on Monday that John Riccitiello has stepped down from his role as chief executive officer (CEO) on October 9, 2023, effective immediately. In his place, James M. Whitehurst, a former senior advisor and president […]


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Steve Jobs’ last words and the email Steve Jobs sent to himself before his passing
Daniel Levi Posted On October 9, 2023


October marks the 12th anniversary of the passing of Steve Jobs, a visionary entrepreneur and co-founder of Apple Inc. Born on February 24, 1955, Jobs was a pioneer in the world of technology and design known for his relentless pursuit of […]


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OpenAI is exploring making its own AI chips amid chip shortage and rising costs
Daniel Levi Posted On October 9, 2023


OpenAI is exploring the possibility of making its own artificial intelligence (AI) chips. The generative AI startup, known for its popular ChatGPT, is even looking into potential acquisition targets, Reuters reported, citing insiders familiar with the company’s ongoing discussions. While […]


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Google unveils new generative AI tools to assist doctors and healthcare professionals
Daniel Levi Posted On October 9, 2023


Google Cloud on Monday unveiled an array of new generative AI search capabilities designed to assist healthcare professionals to quickly retrieve accurate clinical information from different types of medical records across diverse data sources. Google said that the new features […]


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Food tech startup Wanda Fish raises $7M in seed funding for the production cultivated bluefin tuna
Nickie Louise Posted On October 9, 2023


Our oceans, once teeming with life and vitality, are facing unprecedented challenges. They’re becoming more acidic, pollution is on the rise, and the waters are getting warmer—all while our world’s population continues to grow. At the same time, there’s an […]


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23andMe Hacked: 23andMe confirms over 7 million users’ DNA data stolen in a massive data breach
Nickie Louise Posted On October 9, 2023


DNA data of over 7 million 23andMe users have been stolen in a massive data breach. According to multiple reports, the breach mainly focused on users with Ashkenazi Jewish ancestry and compromised data including names, profile photos, genetic ancestry results, […]


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iCleanse, a Digital Out-of-Home (DOOH) startup, secures $1M in credit financing to expand its Swift UV phone disinfection stations used in public spaces
Daniel Levi Posted On October 6, 2023


iCleanse, a Digital Out-of-Home (DOOH) startup that develops Swift UV stations for phone disinfection in public spaces, has secured $1 million in credit financing from Enhanced Capital. The fresh funding will support the company’s expansion, including R&D efforts, staffing, and […]


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Lucid loses $338,000 for every electric vehicle sold as price war with Tesla heats up
Daniel Levi Posted On October 6, 2023


“Lucid may burn $338,000 per vehicle in EBITDA this year, an increase from $325,000 just months ago, demonstrating how its unsustainable business model requires significant scaling and additional funding — likely before 2025.” Luxury EV maker Lucid is in big […]


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Amazon launches its first Kuiper Internet Network test satellites into space as it aims to take on SpaceX’s Starlink
Nickie Louise Posted On October 6, 2023


Amazon successfully launched the first pair of its prototype satellites into space for its planned Kuiper internet network on Friday from Florida. The launch marks a pivotal step in the company’s ambitious Kuiper internet network project to send thousands more […]


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Peak Energy launches from stealth with $10M in funding to mass-produce giant batteries to store solar and wind energy
Nickie Louise Posted On October 6, 2023


Peak Energy, a clean energy storage startup founded by veterans from Tesla and Northvolt, has launched from stealth mode with $10 million in funding to mass-produce giant sodium-ion batteries to store solar and wind energy and accelerate the renewable energy […]


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Robotics startup Doosan Robotics pops 127% in trading debut, making it South Korea’s largest IPO of 2023
Nickie Louise Posted On October 5, 2023


South Korean robotics startup Doosan Robotics finally made its debut on the Seoul stock exchange on Thursday. The company’s shares more than doubled their initial public offering (IPO) price, driven by the surging demand for robotics stocks. This momentous market […]


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Apple fixes iPhone 15 overheating issues with the release of a new iOS 17.0.3 update
Daniel Levi Posted On October 4, 2023


After a few days of waiting, Apple has finally released a new iOS 17 software update to solve the iPhone 15 overheating problems. In a post on its website, the iPhone maker announced today that the new iOS 17.0.3 “provides […]


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