November 17, 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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JPMorgan and Barclays back a $110M investment in German InsurTech startup Wefox at $4.5 billion valuation
Nickie Louise Posted On May 18, 2023


Wefox, a Berlin, Germany-based insure tech startup, has closed $110 million in a new round of funding from existing investors including JPMorgan and Barclays. In an announcement on Wednesday, Wefox said that $55 million of the total amount raised came […]


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Disgraced Theranos founder Elizabeth Holmes to arrive at prison on May 30 to begin her 11-year sentence
Nickie Louise Posted On May 18, 2023


Disgraced founder and former Theranos CEO Elizabeth Holmes is finally heading to prison after her unsuccessful attempt to avoid incarceration. The U.S. District Judge ruled that must report to prison on May 30. Holmes was convicted of running a years-long […]


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ServiceNow’s venture arm to invest $1B in enterprise software startups with focus on AI & Automation
Daniel Levi Posted On May 17, 2023


In early 2020, we wrote about ServiceNow after the cloud-computing firm acquired conversational artificial intelligence (AI) platform startup Passage AI to advance its deep-learning AI capabilities. At the time, ServiceNow said the acquisition will accelerate its vision of supporting all major […]


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A Texas A&M professor failed over half of his students after ChatGPT falsely claimed it wrote their papers
Daniel Levi Posted On May 17, 2023


Welcome to the wild world of Artificial Intelligence (AI). The launch of ChatGPT in late 2022 has ushered in a new era of AI, along with the good, bad, and ugly. Recently, students at Texas A&M University gasped in horror […]


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Tether buys $222 million worth of bitcoin to back the world’s largest stablecoin, USDT
Daniel Levi Posted On May 17, 2023


Tether, a cryptocurrency startup plagued with scandals and government investigations, said on Wednesday that it’s going to buy hundreds of millions of dollars worth of bitcoin to back its USDT stablecoin. In an announcement, Tether said it would invest 15 […]


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Bitpanda-backed Pantos launches public beta of its Multichain Token Creator
Nickie Louise Posted On May 17, 2023


Pantos, a multichain token system backed by the Austrian crypto exchange Bitpanda, today announced the public release of the Multichain Token Creator, an easy-to-use web app that enables users to deploy tokens on multiple blockchains. Before now, developers, users, and […]


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Ripple acquires Switzerland-based crypto custody startup Metaco for $250 million
Nickie Louise Posted On May 17, 2023


Ripple, a crypto startup best known for its cryptocurrency XRP, has acquired Switzerland-based crypto custody startup Metaco in a deal valued at $250 million, making it the company’s first major acquisition. In an announcement on Tuesday, Ripple said that the […]


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iDEAL Semiconductor raises $40M to develop cheaper and energy-efficient power chips for electric cars
Nickie Louise Posted On May 16, 2023


The widespread adoption of electric power in various sectors has placed significant demands on the energy infrastructure grid. This necessitates the development of cleaner energy generation methods as well as the implementation of greener practices to ensure sustainable energy usage. […]


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Cosmic Aerospace raises $1.5 in funding to develop an electric plane with over 600 miles range
Nickie Louise Posted On May 16, 2023


In our collective efforts to reduce our dependency on fossil fuels, companies like Tesla and a multitude of other innovative tech startup companies have made remarkable progress in the development of electric vehicle technology for electric cars and trucks. In recent […]


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493 Views


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The SEC will soon bring enforcement action against Coinbase similar to Bittrex and Kraken, Berenberg says
Daniel Levi Posted On May 16, 2023


The Securities and Exchange Commission (SEC) will soon bring an enforcement action against Coinbase (COIN) and this action is likely to mirror those that the regulator brought against rival crypto exchanges Bittrex and Kraken, CoinDesk reported, citing a Monday research […]


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446 Views


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Zoom invests in AI startup Anthropic to evolve its AI smart companion called Zoom IQ
Nickie Louise Posted On May 16, 2023


Zoom, the popular video-conferencing platform, said on Tuesday it has invested an undisclosed amount in AI startup Anthropic to integrate the artificial intelligence start-up’s technology into its AI smart companion called ZoomIQ. The move is part of Zoom to bolster […]


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FinTech startup Tipalti lands $150M in growth funding from JPMorgan Chase Bank and Hercules Capital
Nickie Louise Posted On May 16, 2023


Tipalti, a global payables automation platform and the developer of payments and compliance technology, has secured $150 million in growth financing from JPMorgan Chase Bank and Hercules Capital. The latest round brings the company’s total funding to over $550 million. […]


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Google Cloud launches two new AI-powered tools to accelerate drug discovery and precision medicine
Daniel Levi Posted On May 16, 2023


Google Cloud has launched two new AI-powered life sciences solutions designed to assist biotech and pharmaceutical companies in expediting drug discovery and making progress in precision medicine. The tools are aimed at accelerating drug discovery and precision medicine for biotech […]


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EU approves Microsoft’s $69 billion acquisition of Activision, clearing a major hurdle
Nickie Louise Posted On May 15, 2023


The European Union (EU) on Monday approved Microsoft’s proposed $69 billion acquisition of the gaming giant Activision Blizzard. This regulatory clearance marks a major milestone for the acquisition, removing a significant hurdle in the process. The news comes about three […]


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HackerNoon raises $250k in funding at $50M Valuation led by Forward Research
Daniel Levi Posted On May 15, 2023


Hacker Noon, one of the leading tech blog sites that focuses on coding, blockchain, and startups, has $250k in funding at a valuation of $50 million from the leading R&D firm for the Arweave ecosystem Forward Research. As part of […]


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The best smart-home devices of 2023: Here are the top 10 most searched smart home products
Nickie Louise Posted On May 15, 2023


Smart home devices have grown in popularity in recent years due to advances in technology. These devices offer a multitude of benefits that enhance the overall convenience, comfort, and security of your living space. By leveraging advanced technology, these devices […]


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Automotive chip startup Ethernovia raises $64M to unify in-vehicle networks into an end-to-end Ethernet system
Daniel Levi Posted On May 15, 2023


As automakers shift their focus towards electric vehicles equipped with advanced driver assistance features, they are undergoing a significant overhaul of the vehicle’s electronics. This transformation involves the elimination of numerous cables that previously intertwined throughout the car, connecting over […]


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475 Views


Blockchain  / Featured  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News  / Web3
Webb Protocol raises $7M in funding to unlock user privacy in the Web3 ecosystem
Daniel Levi Posted On May 15, 2023


The current state of privacy in Web3 is characterized by fragmentation. Each privacy project operates with its own distinct privacy sets, resulting in a lack of cohesion. These privacy projects often vie for the same pool of users, liquidity, and […]


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Australia’s Aristocrat Leisure to acquire Israeli online iLottery gaming provider NeoGames for $1 billion
Nickie Louise Posted On May 15, 2023


Australia’s Aristocrat Leisure announced on Monday it has agreed to acquire Israel-based online interactive lottery solutions provider NeoGames SA in a deal valued at around $1 billion, Reuters reported. The Sydney, Australia-based Aristocrat said the acquisition of NeoGames will provide […]


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424 Views


Cryptocurrency  / Featured  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Binance pulls out of Canada amid tightening crypto regulations
Daniel Levi Posted On May 12, 2023


“Unfortunately, today we are announcing that Binance will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace.” Binance, the world’s largest crypto exchange announced on Friday that it will be exiting Canada, following the release of […]


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