Speak, the AI-powered language learning app, has raised new money from investors at double its previous valuation.
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Thursday, June 20, 2024
Zepto, a 10-minute delivery app, raises $665 million at $3.6 billion valuation
Zepto has more than doubled its valuation to $3.6 billion from $1.4 billion in less than a year in a new funding round of $665 million as the Mumbai-based startup intensifies the quick commerce competition in the world’s second largest internet market. Zepto sells and delivers everything from grocery items to electronic gadgets within 10 […]
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Materia looks to make accountants more efficient with AI
The U.S. is facing an accountant shortage. Fewer first-time candidates took the CPA exam in 2022 than in 2006, according to the American Institute of Certified Public Accountants. One possible reason people aren’t as interested in the field is the large amount of drudge work involved: Accountants have to rifle through large amounts of unstructured […]
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Semperis, a specialist in Active Directory security now worth more than $1B, raises $125M
Active Directory – the Microsoft directory service for connecting users with network resources – is used by more than 90% of all Fortune 1000 companies and many more besides. So it’s no surprise that it’s a giant target for malicious hackers. That also means a lot of attention for security companies that are building tools […]
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Spotify quietly lets all podcasters upload videos, surpasses 250K shows
Non-hosted podcasters can now upload videos to Spotify. Over 250K video podcasts are on the platform.
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Amazon extends generative AI-powered product listings to Europe
Amazon is bringing its generative AI listing smarts to more sellers, revealing today that those in France, Germany, Italy, Spain, and the U.K. can now access tools designed to improve product listings by generating product descriptions, titles, and associated details. Additionally, sellers can also “enrich” existing product listings by automatically adding missing information. The announcement […]
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Kenya closes its probe of Worldcoin, opening the door to a relaunch of its orbs after a year-long suspension
Worldcoin — the crypto startup co-founded by OpenAI’s Sam Altman — has been given the green light to resume iris-scanning and other operations in Kenya after a year-long government probe over privacy concerns was dropped. Kenya was one of the Worldcoin’s launch countries for its iris-scanning scheme — which the startup was building out as […]
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PQShield secures $37M more for ‘quantum resistant’ cryptography
Malicious hacking is getting increasingly sophisticated, and that’s leading to a very clear trend in security technology. To keep people and organizations safe, security also has to continue advancing its own complexity. Security startup PQShield has gotten an early start on that concept with a focus on “post-quantum” cryptography: software and hardware solutions that, in […]
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Hero wants to save the day for companies facing a working capital crunch
Hero, a new fintech startup based in Paris, is announcing an €11.3 million all-equity funding round led by Valar Ventures ($12.2 million at today’s exchange rate). For the past couple of years, the company has been quietly building an ambitious banking product for small companies that can essentially replace everything you’d expect from a traditional […]
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‘Lawyer-in-the-loop’ startup Wordsmith wants to bring AI paralegals to all employees
Wordsmith, a fledgling Scottish legal tech startup, has somehow managed to attract the backing of two well-known venture capital firms. The startup targets in-house legal teams and law firms with an AI platform that they can configure to help other workers in the company. This way, anyone in the company can solicit help with legal […]
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Wednesday, June 19, 2024
General Catalyst makes India push with Venture Highway merger
General Catalyst, a Silicon Valley venture capital group, is expanding its presence in India by joining forces with a local venture firm and earmarking more than $500 million for investments in the world’s most populous nation. The U.S. venture capital group is merging with Venture Highway, an India-based firm whose investments include social commerce startup […]
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France leads the pack for Generative AI funding in Europe, London has 3X the number of GenAI startups
Like it or hate it, artificial intelligence – especially generative AI – is the technology story of 2024. OpenAI, with its rollouts of viral services like ChatGPT and billions in funding, may have gobbled up the lion’s share of attention and money so far. But according to a new report out from top VC Accel […]
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Société Générale to sell its freelancer challenger bank Shine to Ageras
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http://dlvr.it/T8VG8H
The fall of EV startup Fisker: A comprehensive timeline
Here is a timeline of the events that led fledgling automaker Fisker to file for bankruptcy.
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Rocket Lab’s Peter Beck on reshaping the space economy at Disrupt 2024
The future of the space industry may look a lot like its past, or so believes Peter Beck, founder and CEO of Rocket Lab. At TechCrunch Disrupt 2024 in San Francisco, he’ll be explaining how full-service, vertically integrated space companies will (again) be the big winners of this evolving space economy. Rocket Lab was started […]
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