Tuesday, July 9, 2024

Deep tech startups with very technical CEOs raise larger rounds, research finds

SaaS founders trying to figure out what it takes to raise their next round can refer to Point Nine’s famous yearly SaaS Funding Napkin. (The term refers to “back of the napkin” plans or calculations.) Now, European hardware deep tech teams have a similar resource from First Momentum, a pre-seed fund investing in technical B2B […]

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Iceland is dodging the VC doldrums as Frumtak Ventures lands $87 million for its fourth fund

Iceland’s startup scene is punching above its weight. That’s perhaps in part because it kept the 2021 hype in check, but mostly because its tech ecosystem is coming of age. Iceland attracted the most venture capital per capita of all Nordic countries in 2023, but that stat is somewhat skewed by its relatively small population […]

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Index Ventures raises $2.3 billion for new venture and growth funds

Index Ventures is announcing $2.3 billion in new funds to finance the next generation of tech startups globally. These new funds are spread across different stages with $800 million dedicated to venture investment and $1.5 billion set aside for growth and late-stage companies. How do these funds compare to the previous ones? In 2021, Index […]

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Anthropic’s Claude adds a prompt playground to quickly improve your AI apps

Prompt engineering became a hot job last year in the AI industry, but it seems Anthropic is now developing tools to at least partially automate it. Anthropic released several new features on Tuesday to help developers create more useful applications with the startup’s language model, Claude, according to a company blog post. Developers can now […]

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AI startup Hebbia raised $130M at a $700M valuation on $13 million of profitable revenue

Hebbia, a startup that uses generative AI to search large documents and respond to large questions, has raised a $130 million Series B at a roughly $700 million valuation led by Andreessen Horowitz with participation of Index Ventures, Google Ventures and Peter Thiel. And its funding demonstrates that 50x annual recurring revenue (ARR) is becoming […]

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Uber for Teens has reignited an old debate over fingerprinting drivers

Seven years ago, Uber and Lyft blocked an effort to require ride-hailing app drivers to get fingerprinted in California. But by launching Uber for Teens earlier this year, the company inadvertently resurfaced the issue. Now a broader debate is underway as startups, Uber, and California regulators hash out when a transportation service should be required […]

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Whataburger app becomes unlikely power outage map after Houston hurricane

Fast food chain Whataburger’s app has gone viral in the wake of Hurricane Beryl, which left around 1.8 million utility customers in Houston, Texas without power. Hundreds of thousands of those people may remain without power for days as Houston anticipates a heat wave, with temperatures climbing into the mid-90s. Amid frustrations with the local […]

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OpenAI Startup Fund backs AI healthcare venture with Arianna Huffington

Huffington Post founder Arianna Huffington and OpenAI CEO Sam Altman are throwing their weight behind a new venture, Thrive AI Health, that aims to build AI-powered assistant tech to promote healthier lifestyles. Backed by Huffington’s mental wellness firm Thrive Global and the OpenAI Startup Fund, the early-stage venture fund closely associated with OpenAI, Thrive AI […]


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Monday, July 8, 2024

Microsoft-owned adtech Xandr accused of EU privacy breaches

An adtech business owned by Microsoft is the target of a complaint backed by European privacy advocacy group, noyb — a nonprofit that punches far above its weight when it comes to chalking up strikes against data protection-infringing tech giants. For its latest action, noyb is supporting an unnamed individual in Italy to lodge a […]

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Quora’s Poe now lets users create and share web apps

Poe, Quora’s subscription-based, cross-platform aggregator for AI-powered chatbots like Anthropic’s Claude and OpenAI’s GPT-4o, has launched a feature called Previews that lets users create interactive apps directly in chats with chatbots. Previews allows Poe users to build data visualizations, games and even drum machines by typing things like “Analyze the information in this report and […]

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Indian game firms want to distance themselves from fantasy sports

For over a decade, real-money gaming companies and fantasy sports startups have marketed themselves as video game companies. But as these businesses face increasing regulatory scrutiny, a coalition of more than 70 video game companies in India is urging the government to create a clear distinction between their industries. In a letter to Prime Minister […]

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OpenAI Startup Fund backs AI healthcare venture with Arianna Huffington

Huffington Post founder Arianna Huffington and OpenAI CEO Sam Altman are throwing their weight behind a new venture, Thrive AI Health, that aims to build AI-powered assistant tech to promote healthier lifestyles. Backed by Huffington’s mental wellness firm Thrive Global and the OpenAI Startup Fund, the early-stage venture fund closely associated with OpenAI, Thrive AI […]

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