November 29, 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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What Are Garbled Circuits, and Why Are They Important?
Daniel Levi Posted On June 9, 2024


Garbled circuits are a privacy-preserving cryptographic technique that was originally theorized as a solution to the hypothetical Millionaire’s Problem, where two millionaires want to see who has the higher net worth – but without actually revealing the dollar amount to […]


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Bitcoin miner Core Scientific rejects $1 Billion buyout offer from CoreWeave, 5 months after emerging from Bankruptcy
Nickie Louise Posted On June 7, 2024


In a dramatic turn of events, Bitcoin miner Core Scientific has rejected an “unsolicited” $1 billion buyout offer from Nvidia-backed specialized cloud provider CoreWeave. The all-cash offer came in just five months after the company emerged from Chapter 11 bankruptcy. […]


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Ionic Materials, a tech startup set to revolutionize lithium batteries for EVs, shuts down operations
Nickie Louise Posted On June 6, 2024


Ionic Materials, a solid-state EV battery hopeful, has shut down. According to a report from The Information, the Massachusetts-based Ionic Materials has ceased operations. The company has also let go of nearly its entire workforce, marking a significant setback in […]


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Amazon’s self-driving startup Zoox to begin testing its robotaxi service in Austin and Miami
Nickie Louise Posted On June 6, 2024


Zoox, a self-driving tech startup Amazon acquired in 2020 for $1.2 billion, is preparing to test its autonomous vehicles on the streets of Austin, Texas, and Miami, even as U.S. regulators probe incidents. The announcement coincides with an ongoing investigation […]


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Nvidia hits $3.01 trillion market cap, surpasses Apple to become the second most valuable company in the world
Nickie Louise Posted On June 6, 2024


Nvidia has become the world’s second most valuable company. The chipmaking giant’s market capitalization reached a staggering $3.01 trillion on Wednesday afternoon, surpassing Apple’s $3 trillion mark and making it the first chip firm to hit $3 trillion in market […]


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Boeing found guilty of stealing technology from electric airplane startup Zunum; fined $81 million
Nickie Louise Posted On June 5, 2024


In a legal blow to aerospace giant Boeing, a federal court jury in Seattle ruled in favor of electric airplane startup Zunum Aero after Boeing was found guilty of stealing Zunum technology. The jury also awarded the fledgling startup $81 […]


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Qualcomm-backed AI startup Kneron launches next generation AI chips to challenge Nvidia and AMD
Nickie Louise Posted On June 5, 2024


Artificial intelligence chip startup Kneron on Wednesday unveiled its next-generation products, targeting the growing demand for AI from businesses and presenting a robust alternative to industry giants like Nvidia and AMD. The Taiwan-based startup, backed by industry heavyweights Qualcomm and […]


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1.2K Views


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How often do AI Hallucinations happen?
Daniel Levi Posted On June 5, 2024


Artificial Intelligence (AI) has become an integral part of modern technology, running through a number of various sectors from healthcare to finance, and even creative industries. Despite its impressive capabilities, AI is not without its flaws. As a copywriter, I […]


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SAP acquires digital adoption startup WalkMe for $1.5 billion
Nickie Louise Posted On June 5, 2024


German software giant SAP announced on Wednesday it has agreed to acquire digital adoption startup WalkMe for a cash transaction valued at $1.5 billion. This offer represents a significant 45% premium over WalkMe’s closing share price from the previous night. […]


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1.5K Views


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Fhenix, a privacy-focused Ethereum Layer 2 startup, raises $15M Series A round for confidential blockchain
Nickie Louise Posted On June 4, 2024


Fhenix, an Israeli tech startup building a confidential blockchain platform, has scored big with a $15 million Seriea A round led by Hack VC. Other backers include Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. This latest […]


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Irish tech startup Overcast HQ raises $1.2M in funding to tackle video content overload for brands and broadcasters
Nickie Louise Posted On June 4, 2024


Terabytes of footage are churned out daily, creating a management nightmare and causing broadcasters and brands to drown in a sea of video content. Now, one startup is throwing them a life preserver powered by artificial intelligence (AI) to address […]


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Microsoft cuts hundreds of jobs at Azure Cloud as tech layoffs continue
Nickie Louise Posted On June 4, 2024


Microsoft is reported cutting hundreds of jobs in its Azure cloud unit, Business Insider reported Monday, adding to a series of job cuts witnessed across the technology and media sectors this year. According to sources familiar with the matter who […]


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633 Views


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Polkadot Blockchain Academy Launches Fifth Cohort in Singapore to Train New Generation of Blockchain Developers
Nickie Louise Posted On June 4, 2024


In March, the Polkadot Blockchain Academy (PBA) captivated Singapore with its comprehensive, multi-week hybrid blockchain training program. Now, just two months later, PBA is returning to Singapore with the launch of its highly anticipated fifth cohort, beginning on May 20, […]


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Poland’s InsurTech startup Quantee partners with Zurich to deliver personalized insurance pricing
Daniel Levi Posted On June 3, 2024


Poland’s InsurTech startup Quantee announced on Monday it has teamed up with Zurich Insurance Group in a move set to revolutionize insurance pricing. The partnership aims to enhance Zurich’s pricing accuracy and offer personalized insurance policies tailored to individual customer […]


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UK digital bank startup Monzo turns profitable for the first time after 9 years of operation
Nickie Louise Posted On June 3, 2024


British digital bank startup Monzo posted its first-ever annual profit after nine years in business. In an announcement on Monday, Monzo revealed that its pre-tax profits for the fiscal year 2023-2024 totaled £15.4 million ($19.6 million), a significant turnaround from […]


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AMD launches new AI chips to challenge Nvidia
Daniel Levi Posted On June 3, 2024


Advanced Micro Devices (AMD) on Monday unveiled its latest artificial intelligence (AI) processing chips to take on industry leader Nvidia. The launch includes its 5th Gen AMD EPYC server processors and the Ryzen AI 300 series for mobile devices. During the event […]


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508 Views


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Microsoft to invest $3.2 billion in Swedish AI and cloud to bolster its European footprint
Nickie Louise Posted On June 3, 2024


As part of the effort to bolster its presence in Europe, Microsoft announced on Monday that it is investing 33.7 billion Swedish crowns ($3.2 billion) to enhance its cloud and artificial intelligence infrastructure in Sweden over the next two years. […]


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864 Views


Climate  / Environment  / FinTech  / Smart Living  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Swedish climate fintech startup Doconomy raises $36.9M in Series B funding co-led by UBS and CommerzVentures
Nickie Louise Posted On May 31, 2024


Doconomy, a Swedish climate-focused fintech startup, has raised €34 million ($36.9 million) in funding from leading European banks, including UBS and CommerzVentures, the venture arm of Commerzbank. The Series B financing round was co-led by UBS Next and CommerzVentures, with […]


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AI cloud provider startup CoreWeave gears up for 2025 IPO amidst surging GPU demands
Nickie Louise Posted On May 31, 2024


The AI boom that began with the launch of ChatGPT in November 2022 has led to surging demand for the graphics processing units (GPUs) essential for powering AI data centers. One notable beneficiary of this surge is CoreWeave, an Nvidia-backed […]


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692 Views


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AI startup EthonAI raises $16M in funding led by Index Ventures to boost factory efficiency with AI
Nickie Louise Posted On May 30, 2024


Since the meteoric rise of ChatGPT two years ago, AI startups have largely focused on leveraging AI chatbots to boost office productivity and improve efficiency. However, one AI startup has its sights on revitalizing the struggling manufacturing sector. Enter EthonAI, […]


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