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AI chip startup SiMa.ai raises $13 million in funding as AI boom picks up steam
Nickie Louise Posted On June 13, 2023


The AI boom sparked by the sudden success of OpenAI ChatGPT shows no signs of fading. Since the launch of ChatGpt in November of last year, investors have billions of dollars into generative AI startups. The latest is SiMa.ai, a […]


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Salesforce to invest $500 million in generative AI startups; unveils new AI Cloud offering
Nickie Louise Posted On June 12, 2023


Salesforce announced on Monday a significant development in its venture into artificial intelligence (AI) generative AI, doubling its venture capital fund for generative AI startups to $500 million. In addition, the CRM giant also unveiled its AI Cloud service, which […]


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Oova, a Mount Sinai spinoff startup, raises $10.3 million in funding for fertility testing kit
Nickie Louise Posted On June 12, 2023


The FemTech sector, which includes technology-driven solutions for women’s health, is projected to reach a substantial value of $1 trillion by 2027. However, the industry faces significant challenges due to the lingering taboos surrounding women’s health and gender disparities in […]


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Nasdaq buys fintech software Firm Adenza for $10.5 billion to accelerate growth
Nickie Louise Posted On June 12, 2023


Nasdaq, a prominent player in the financial industry, is buying Adenza in a deal valued at $10.5 billion. Adenza, which is owned by Thoma Bravo, makes software used on Wall Street. The cash-and-stock deal includes a combination of $5.75 billion […]


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VP of cybersecurity startup Bitwarden fired for using ‘Assigned By God’ as preferred pronoun; sues employer
Daniel Levi Posted On June 10, 2023

Florida attorney Jennifer Vasquez

Chard Scharf, a former vice president at a California-based cybersecurity tech startup Bitwarden, found himself in hot water when he chose to list “Assigned By God” as his preferred pronoun on his employee profile, according to a story first reported […]


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Indian electric scooter startup OLA Electric in talks with investors about its $1 billion planned IPO
Daniel Levi Posted On June 9, 2023


Ola Electric, a Bengaluru, India-based electric scooter startup, is reportedly gearing up for its highly anticipated stock market listing, according to Reuters, which first reported the story. Citing sources familiar with the matter, Reuters said that the six-year-old startup is […]


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The Green Coffee Company lands $25M in Series C funding to revolutionize the Colombian coffee industry
Nickie Louise Posted On June 9, 2023


It’s been an exciting journey since our last update on Green Coffee Company (GCC), a Legacy Group portfolio company and the leading coffee producer in Colombia. In 2022, the company made a splash after it secured an impressive $100 million […]


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AI startup Cohere raises $270 million in funding to take on OpenAI ChatGPT; now valued at $2.2 billion
Nickie Louise Posted On June 9, 2023


Cohere, a tech startup specializing in AI foundation models, has recently secured an impressive $270 million in funding. This funding round attracted support from renowned investors, including Nvidia, Oracle, and Salesforce Ventures. While the exact valuation of Cohere remains undisclosed, […]


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13 out of every 100 laid-off workers started their own business, sparking a new wave of startups 
Nickie Louise Posted On June 8, 2023


At the beginning of this year, we wrote a piece about how mass tech layoffs have led to a new wave of startups.  The global economic downturn that started in the second quarter of 2022 is beginning to have a major […]


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French software startup Pigment raises $88M in funding led by ICONIQ Growth
Nickie Louise Posted On June 8, 2023


Pigment, a French business planning software startup, has recently secured a substantial $88 million in funding to “redefine business planning” and take on the popular Microsoft Excel spreadsheet software. This round, which brings Pigment’s total funding up to $248 million, […]


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Switzerland-based Enable DeFi to launch Nukem Loans
Daniel Levi Posted On June 7, 2023


We’ve got another exciting DeFi news to share with you today. Brace yourselves as Enable DeFi, a subsidiary of Enreach, gears up to launch Nukem Loans, an isolated lending protocol specifically designed for those high-risk meme projects boasting deep liquidity […]


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Blumira launches an easy XDR platform for small businesses following a $15 million Series B fundraise
Daniel Levi Posted On June 7, 2023


It’s been three years since we last covered Blumira, an emerging cybersecurity startup that offers detection and response technology to automate security operation workflows and enable customers to identify threats faster and earlier, then respond by blocking or containing their […]


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GetHarley secures $52M in funding to revolutionize the medical aesthetic industry
Nickie Louise Posted On June 7, 2023


Many of us struggle with skin problems and often feel lost when it comes to finding solutions. We might long for access to top-tier skincare specialists like the ones who work with celebrities like Meghan Markle. However, they are usually […]


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Chindata goes private after a $3 billion acquisition deal with PE firm Bain Capital
Nickie Louise Posted On June 7, 2023


Chinese data center operator Chindata Group announced on Wednesday that it has received an offer from investor Bain Capital to take the company private. The proposed deal values the company at nearly $2.93 billion. Following this news, Chindata’s shares, which have […]


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Reddit to lay off about 5% of its workforce as tech job cuts top 200,000
Nickie Louise Posted On June 6, 2023


Social aggregation site Reddit announced Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of other tech giants that have frozen hiring across the globe. The Wall Street Journal first reported the layoff news […]


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Linda Yaccarino begins her role as the new Twitter CEO
Nickie Louise Posted On June 6, 2023


Former NBCUniversal executive Linda Yaccarino formally joined Twitter as the company’s new CEO. After starting her new role on Monday, Ms. Yaccarino went on LinkedIn to update her bio. Yaccarino, formerly in charge of global advertising at NBCUniversal, expressed her […]


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Venture firm Sequoia Capital to split into 3 parts: U.S. and Europe, China, and Southeast Asia and India
Daniel Levi Posted On June 6, 2023


Sequoia Capital, one of the world’s leading venture firms, is reorganizing its global business into three distinct geographic units. In a recent announcement to its investors on Tuesday morning, Sequoia Capital said it is dividing its global business into three independent […]


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SEC sues Coinbase for illegally operating as unregistered securities exchange, one day after suing Binance
Nickie Louise Posted On June 6, 2023


Just less than 24 hours after the U.S. Securities and Exchange Commission (SEC) charged Binance and its founder CZ with securities law violations, the US regulator is now coming after the second largest crypto exchange “with operating its crypto asset […]


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Crypto exchange Binance hit by outflows of almost $1 billion in last 24 hours
Nickie Louise Posted On June 6, 2023


Crypto Investors have withdrawn around $780 million from the world’s biggest crypto exchange Binance in the last 24 hours, according to data firm Nansen. The news comes just a day after Binance was sued by the U.S. Securities and Exchange […]


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Apple ushers in a new era of VR with the launch of its mixed reality headset Vision Pro for $3,499
Nickie Louise Posted On June 5, 2023


Move over, Oculus. After many months of speculations, Apple has now entered the world of XR which includes augmented reality (AR), virtual reality (VR), and mixed reality (MR). Apple on Monday unveiled its MR headset at its 2023 Worldwide Developers […]


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