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Ripple to buy back $285M shares from early investors and employees, valuing the crypto startup at $11 billion
Daniel Levi Posted On January 10, 2024


Ripple Labs, a crypto startup best known for its XRP coins, is buying back $285 million worth of company shares from early investors and employees, according to information from two reliable sources cited by Reuters. The deal, referred to as […]


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Cybersecurity  / Security  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News  / Venture Capital
33N Ventures closes €50M for its cybersecurity and infrastructure software fund to invest across the globe
Nickie Louise Posted On January 10, 2024


33N Ventures, a European venture capital fund specializing in cybersecurity and infrastructure software, has successfully closed €50 million for its 33N Cybersecurity and Infrastructure Software Fund. The fund, with a target size of $150 million, aims to invest globally in […]


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Featured  / Layoff  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Amazon’s Twitch to lay off 500 employees, or 35% of its workforce
Nickie Louise Posted On January 10, 2024


Twitch, the live-streaming platform owned by Amazon.com Inc., is reportedly planning to reduce its workforce by around 35%, or approximately 500 employees, according to a report from Bloomberg. Individuals familiar with the situation said that this move is part of […]


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Stellantis unveils “Virtual Cockpit,” a revolutionary tech to cut car development time from months to just a day
Nickie Louise Posted On January 9, 2024


Stellantis, the world’s third-largest automaker by sales, has made a significant breakthrough in the rapid prototyping of car systems. In an announcement on Tuesday, the company revealed the development of a “virtual cockpit” that allows them to create and test […]


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Elon Musk’s X to launch peer-to-peer (P2P) payments this year
Daniel Levi Posted On January 9, 2024


Get ready to ditch Venmo. Elon Musk’s X (formerly Twitter) is set to revolutionize social media with the launch of peer-to-peer (P2P) payments this year. The proposed launch is part of Musk’s push to make X an “everything app” like […]


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Acquisition  / DeFi  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
DeFi Technologies acquires Reflexivity Research, a crypto research firm co-founded by Anthony Pompliano and Will Clemente
Nickie Louise Posted On January 9, 2024


DeFi Technologies, a Canadian publicly traded company, has acquired private research firm Reflexivity Research in a 100% stock deal. In an announcement on Tuesday, DeFi Technologies said that it has entered into a binding letter of intent (LOI) for the […]


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Dutch online grocery startup Picnic secures $388 million in funding for European expansion
Nickie Louise Posted On January 9, 2024


Dutch online grocery disruptor Picnic announced Tuesday that it secured 355 million euros (equivalent to $388.02 million) in funding from its investors to expand its operations in both France and Germany. Notable backers in this funding round include The Bill […]


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First US moon landing attempt in more than 50 years in jeopardy after ‘critical loss’ of fuel
Daniel Levi Posted On January 8, 2024


A U.S. lunar lander that launched from Florida on Monday in hopes of becoming the first American craft to touch down on the moon in more than 50 years faced a setback due to a “critical loss of propellant” a […]


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Twilio founder and CEO Lawson steps down after pressure from activist investors
Daniel Levi Posted On January 8, 2024


Twilio co-founder Jeffrey Lawson has stepped down from his positions as chairman and CEO of the cloud communications company amid ongoing clashes with activist investors. Khozema Shipchandler, a seasoned Twilio executive, will take over the roles, effective from Monday, and […]


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441 Views


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Ant Group plans to buy Dutch payments startup MultiSafepay in a deal valued at $200 million
Daniel Levi Posted On January 8, 2024


Ant Group is close to sealing a deal to acquire MultiSafepay, a Dutch payments company, for about $200 million, Reuters reported, citing people familiar with the matter. The move is part of their ongoing drive into Western payment markets, as […]


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363 Views


Artificial Intelligence  / Emerging Technology  / Featured  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Alphabet’s AI-driven drug discovery startup Isomorphic lands $3 billion pharma deals with Lilly and Novartis
Nickie Louise Posted On January 8, 2024


Alphabet’s Isomorphic, an AI-driven drug discovery startup, has scored two major deals from pharmaceutical giants Eli Lilly and Novartis, ringing in at nearly $3 billion combined. These deals will notably bolster Google DeepMind’s AlphaFold AI technology, known for predicting protein […]


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Authors file new lawsuit against Microsoft, OpenAI over alleged copyright infringement in AI training data
Nickie Louise Posted On January 8, 2024


Microsoft and  OpenAI have been hit with a new lawsuit by authors over AI training data. Two authors, Nicholas Basbanes and Nicholas Gage, filed a lawsuit against Microsoft and OpenAI on Friday in a Manhattan federal court accusing the companies of […]


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566 Views


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Macquarie consortium to buy Swedish software company Byggfakta Group in a $1 billion buyout deal
Nickie Louise Posted On January 5, 2024


Byggfakta Group Nordic HoldCo AB, a Swedish software and information company within the construction industry, has received a substantial all-cash buyout offer totaling approximately $1 billion from a consortium, which includes Macquarie Capital. In an announcement on Friday, Byggfakta Group […]


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766 Views


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Perplexity AI raises $73.6 million in funding from Nvidia and Bezos; now valued at $520 million
Nickie Louise Posted On January 4, 2024


Artificial intelligence startup Perplexity AI has raised $73.6 million in a Series B funding round from a group of new investors including U.S. chip designer Nvidia and Amazon founder Jeff Bezos (through Bezos Expeditions Fund). The round, which values the […]


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Artificial Intelligence  / Emerging Technology  / Featured  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
The dark side of AI: Scientists say there’s a 5% chance of AI causing humans to go extinct
Daniel Levi Posted On January 4, 2024


In the largest survey of artificial intelligence (AI) researchers to date, a majority say there is a 5% chance that AI tech could pose an existential threat to humanity due to the possible development of superhuman AI. The findings come […]


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777 Views


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The Messenger, a digital news startup founded by media executive Jimmy Finkelstein, to lay off staff after raising $50 million in funding
Nickie Louise Posted On January 4, 2024


The Messenger, a digital news startup founded by a seasoned media investor and entrepreneur who previously owned The Hill, is reportedly set to lay off around two dozen employees this week due to financial challenges and diminishing cash reserves, according […]


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785 Views


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Alibaba-owned e-Commerce startup Lazada begins new round of layoffs across Southeast Asia
Nickie Louise Posted On January 4, 2024


Lazada, an e-commerce startup owned by Alibaba, has begun its latest round of layoffs that affect staff across Southeast Asia, according to a report from CNBC, citing a source familiar with the situation. This move follows several media reports about […]


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789 Views


Featured  / Launch  / Space  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
SpaceX launches first set of Starlink satellites with direct-to-cell capabilities
Nickie Louise Posted On January 3, 2024


SpaceX successfully launched its initial group of six Starlink satellites, paving the way for direct-to-cell internet service from space. T-Mobile US revealed the news on Wednesday, noting that the Falcon 9 rocket, sent into orbit by Elon Musk’s SpaceX on […]


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Artificial Intelligence  / Emerging Technology  / Featured  / Launch  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Intel launches Articul8 AI, an enterprise generative AI startup with backing from DigitalBridge
Nickie Louise Posted On January 3, 2024


Intel has launched a new AI software company “to address the biggest gap in generative AI today.” In an announcement on Wednesday, Intel said it was forming a new independent company around its artificial intelligence software efforts with backing from […]


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Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News  / Venture Capital
The blueprint for raising capital in a challenging VC market
Daniel Levi Posted On January 3, 2024


Global venture capital activity in the third quarter of 2023 experienced another decline, despite a late-stage rebound fueled by significant deals in the field of artificial intelligence. Crunchbase data reveals that global venture funding dropped to $19.2 billion in November, […]


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