Tuesday, March 12, 2024

Kolet makes travel eSIM cards easier to navigate

Kolet is a new French startup created by four experienced co-founders in the French tech ecosystem that wants to make it easier to stay connected when you travel. The company has crafted an interesting distribution strategy for travel eSIM cards and simplified the experience as eSIM remains a confusing technology for most people. Chances are […]

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Ontario Teachers mints new unicorn in Indian fintech Perfios

Teachers’ Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, is investing $80 million in Perfios, an Indian fintech that provides real-time credit underwriting solutions to banks and other financial institutions. The new investment values Perfios at a valuation of over $1 billion. 15-year-old Perfios, which raised a $229 million […]

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Google Play will show AI-powered FAQs and recent YouTube videos for games

Google announced a bunch of new features for Google Play listings for games including AI-powered FAQs, displaying the latest YouTube videos, new immersive ad formats, and support for native PC game publishing. These announcements were made at the Google Games Developer Summit held at San Fransisco. As part of the announcement, the company is releasing […]

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Most subscription mobile apps don’t make money, new report shows

Investors know that most startups fail, but something that may be less understood is how few mobile apps actually make money. According to a new analysis of the subscription app economy from mobile subscription toolkit provider RevenueCat, the top 5% of apps generate 200 times the revenue of the bottom quartile after their first year, […]

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Polar Signals wants to help companies cut cloud costs with more efficient code

A young startup is setting out to help enterprises cut their cloud costs by writing “more efficient” code — and it has secured $6.8 million in fresh funding from notable backers including Alphabet’s GV, Spark Capital, and Lightspeed. Polar Signals, as the company is called, kicked off its seed round back in 2021 with $4 […]

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Bluesky scoops up the developer of popular third-party app, Graysky

Decentralized Twitter/X rival Bluesky is adding to its ranks by scooping up a member of its developer community. London-based software engineer Samuel Newman, who built the well-received third-party Bluesky client, Graysky, is joining the startup, where he will now help develop Bluesky’s official app along with the rest of the frontend team. Given his change […]

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Applied Intuition lands $6 billion valuation for AI-powered autonomous vehicle software

Autonomous vehicle software company Applied Intuition has raised $250 million in a round that values the startup at $6 billion, as it pushes to bring more artificial intelligence to the automotive, defense, construction and agriculture sectors. The eye-popping funding round is the latest example of investor fervor for AI. Applied Intuition appears to have nailed […]

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Should artists be paid for training data? OpenAI VP wouldn’t say

Should artists whose work was used to train generative AI like ChatGPT be compensated for their contributions? Peter Deng, VP of consumer product at OpenAI — the maker of ChatGPT — was loath to give an answer when asked on SXSW’s main stage this afternoon. “That’s a great question,” he said when SignalFire venture partner […]


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Monday, March 11, 2024

Inclusivity-focused VC Ada Ventures pulls in $80M for second fund

UK-based Ada Ventures is an unusual VC. Instead of just talking about SaaS or AI, it hunts down founders addressing inclusivity and diversity. Instead of confusing LPs with this methodology, it’s attracted them, thus hitting the $80 million mark for the final close of its second fund (it reached $44.7 million as its first close […]

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Backed by Leonardo DiCaprio, YC alum SolarMente wants to help democratize solar power in Spain

Barcelona-based cleantech startup SolarMente recently added Leonardo DiCaprio to its cap table, hence becoming the actor's and activist's first investment in the country.

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Zomato’s Blinkit sprints to quick commerce dominance in India

Even as quick commerce is slowly fading in many markets and several heavily-funded startups have folded in the past two years, India is emerging as a striking outlier where the model remains vibrant. India’s quick commerce market has witnessed a staggering 10-fold growth between 2021 and 2023, fueled by the sector’s ability to cater to […]

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The loneliness of the robotic humanoid

Perhaps a few years from now, the halls of the Georgia World Congress Center will be peppered with humanoid robots the week of Modex. In 2024, however, Digit stands alone at the supply chain show. It’s a testament to Agility’s healthy head start over competitors like Figure, Tesla, 1X and Apptronik. This time last year […]

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Moonbird’s relaxation device takes flight internationally

“Well it looks like you had some fun recently,” a friend said as he joined me for coffee. There, in the middle of my dining room table, is a device that does, now that he mentions it, look an awful lot like a sex toy. Moonbird‘s raison d’etre isn’t to raise your pulse and get […]

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Four things we learned when US spy chiefs testified to Congress

Cyberattacks, regional conflict, weapons of mass destruction, terrorism, commercial spyware, AI, misinformation, disinformation, deepfakes, and TikTok. These are just some of the top perceived threats that the United States faces, according to the U.S. government’s intelligence agency’s latest global risk assessment. The unclassified report published Monday — sanitized for public release — gave a frank […]

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