November 18, 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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GitHub Copilot competitor Replit raises $100 million in funding as investors bet big on generative AI
Daniel Levi Posted On April 27, 2023


The sudden success of OpenAI ChatGPT has led to a surge in the flow of investment into generative artificial intelligence (AI) as investors pour billions of dollars into promising AI startups. The latest is Replit, a San Francisco-based generative AI […]


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Dropbox to lay off 16% of its global workforce, hire new talent to develop AI offerings
Nickie Louise Posted On April 27, 2023


Cloud storage provider Dropbox becomes the latest tech company to let go of its employees. The San Francisco, California-based Dropbox announced today its plans to reduce its global workforce by 16% as part of the cut-cutting measures caused by slowing […]


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Ansa emerges from stealth with $5.4M in funding to help merchants create virtual wallets for customers
Daniel Levi Posted On April 27, 2023


In the US, credit and debit cards make up 57 percent of consumer payments. But the true costs of processing payments to merchants remain hidden from the average consumer. Card fees, particularly for small transactions, can account for more than […]


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Italian climate startup Energy Dome raises $44M to develop CO2 battery for renewable energy storage
Nickie Louise Posted On April 27, 2023


Italian climate startup Energy Dome has secured €40 million (~$44M) in Series B funding, co-led by Eni Next, the venture capital arm of Italian energy company Eni, and Neva SGR, a venture capital firm owned by European banking group Intesa […]


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Top tech startup news for Wednesday, April 26, 2023: Axoni, First Republic Bank, GM, Microsoft, and Relay
Daniel Levi Posted On April 26, 2023


Good evening! Below are some of the top tech startup news stories for Wednesday, April 26, 2023.   General Motors to stop making its best-selling electric vehicle Chevy Bolt Just like that, General Motors’ most popular electric car is on […]


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Axoni raises $20 million in equity funding to build blockchain software for financial institutions
Nickie Louise Posted On April 26, 2023


Axoni, a New York-based fintech startup at the forefront of building the next generation of capital markets technology, has raised $20 million in equity financing led by EJF Ventures, with participation from Laurion Capital, Communitas Capital, and existing investors. The […]


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First Republic Bank on the verge of collapse; expected to be seized by the US government
Nickie Louise Posted On April 26, 2023


San Francisco-based First Republic Bank is expected to be seized by the US government, according to a report by Fox Business’ Charles Gasparino, citing sources from the bank. The sources told Fox that they believe that the distressed bank will eventually […]


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Decentralization in Layer 0 Blockchains: Benefits and Limitations Explained
Daniel Levi Posted On April 26, 2023


Cryptocurrency and blockchain technology continue to garner increased user adoption thanks to their decentralized nature. This allows individuals to build permissionless and censorship-resistant DeFi systems that shift control away from intermediaries and centralized authorities, such as banks and governments. But […]


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Rapid, an Israeli startup valued at $1 billion a year ago, lays off half of its workforce
Daniel Levi Posted On April 26, 2023


API unicorn Rapid (formerly known as Rapid AP) valued at $1 billion just a year ago, has laid off half its workforce, translating to about 115 employees. The unicorn startup doubled its team over the past year at a time […]


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Cloud tech startup Relay lands $13M Series A funding to improve communication for frontline teams
Nickie Louise Posted On April 26, 2023


One of the challenges facing frontline teams is the inability to quickly and easily communicate. Today, software is the driving force behind the majority of the workforce except for 55 million frontline team members who either lack access to communication […]


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UK blocks Microsoft’s $69 billion acquisition of Activision, citing cloud gaming concerns
Nickie Louise Posted On April 26, 2023


Britain’s antitrust regulator announced on Wednesday that it would block Microsoft’s attempt to acquire the creator of “Call of Duty” Activision Blizzard for $69 billion, citing concerns about potential competition constraints in cloud gaming. The move dealt a surprise blow […]


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Top tech startup news for Tuesday, April 25, 2023: Binance, Coinbase, Rapid, SendBird, Spotify, and Temu
Nickie Louise Posted On April 25, 2023


Good evening! Below are some of the top tech startup news stories for Tuesday, April 25, 2023.   RapidAPI, an Israeli tech startup valued at $1 billion a year ago, is laying off 50% of its workforce Rapid API, a […]


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Binance.US backs out of a $1.3 billion deal to purchase Voyager’s assets
Daniel Levi Posted On April 25, 2023


Binance.US has terminated a $1.3 billion deal to buy assets of bankrupt crypto lender Voyager Digital for in a $1.3 billion deal., citing a “hostile and uncertain regulatory climate.” The news comes following a WSJ report that Binance.US was struggling […]


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Coinbase sues the SEC just a week after it threatened to leave the US market
Nickie Louise Posted On April 25, 2023


Last week, crypto exchange Coinbase said it may leave the US market if the regulatory uncertainty surrounding digital currencies continues. CEO Brian Armstrong told the audience at Fintech Week in London. The exchange has been in a legal tussle with the […]


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E-commerce platform startup Temu expands to Europe, following a successful U.S. launch
Nickie Louise Posted On April 25, 2023


Last summer, we wrote about Pinduoduo after China’s discount e-commerce giant announced the launch of a new U.S. shopping site called Temu as part of its push to make inroads into the overseas market and challenge Amazon. Temu is a cross-border […]


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Unicorn startup SendBird launches no-code chatbots powered by ChatGPT for web and mobile apps
Daniel Levi Posted On April 25, 2023


It’s been a while since we last covered the chat and messaging API service SendBird. Back then, the unicorn startup raised $50 million Series B to ramp up global demand for in-app messaging. Since then, the company has grown at […]


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Spotify passes 500 million monthly active users for the first time
Nickie Louise Posted On April 25, 2023


Spotify reached a new milestone, crossing more than 500 million monthly active listeners. Spotify reported on Wednesday that its audio streaming service is being used by over 515 million people every month, which is more than half a billion users. […]


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Billionaire tech investor who claimed Bitcoin would reach $200,000 now says “crypto is dead in America”
Daniel Levi Posted On April 24, 2023


In November 2021, Bitcoin reached an all-time high of $68,789.63. At the time, tech investors including Billionaires Tim Draper and Chamath Palihapitiya predicted that Bitcoin would soar to over $200,000. Draper said he’s confident Bitcoin would reach $250,000 in 2023, […]


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Appeals court sided with Apple over its App Store rules in a lawsuit against Epic Games
Nickie Louise Posted On April 24, 2023


Apple declares ‘resounding victory’ on Monday after an appeals court mostly sided with the iPhone maker over its App Store rules in a lawsuit with Epic Games. The verdict signals that Apple’s authority over the App Store and the fees […]


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Sonet.io emerges from stealth with $6 million in seed funding to onboard remote workers
Nickie Louise Posted On April 24, 2023


Remote work has seen a surge in popularity since the covid lockdown in 2020. This has led to more companies adopting a hybrid or fully remote work approach. Despite its advantages, remote work poses some challenges as employees collaborate in distributed […]


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