Category: startup
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‘Minority Report’ tech start-up faces debt crunch after taking millions from taxpayer
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Ultraleap hand tracking technology And Bristol Start developing hand tracking technology Similar to what we saw in Tom Cruise’s sci-fi movie, Minority Report is facing a debt crisis after taking millions in taxpayer funding. Ultraleap, which has received funding from British Patient Capital, is seeking a fresh cash injection and…
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Intel to spin off RealSense as Israel-based startup
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In August 2021, even before major rounds of layoffs, Intel announced that it would shut down its RealSense 3D depth camera division based on its acquisition of several Israeli startups, most of whose employees were in Israel. Some employees were laid off but the activity was not stopped but kept…
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A startup city in Kenya tries to tackle Africa’s problem of urbanizing while poor
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Breadcrumb links PMN BMN Business Article writer: Associated Press Adrian Bloomfield Posted on January 12, 2025 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content KIAMBO, Kenya (AP) — When you turn into Tatu City…
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Welsh start-up accelerator announces award-winning entrepreneurs ready to reshape their sectors
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A leading start-up accelerator program in Wales has recognized six entrepreneurs for their amazing innovations, marking the end of an intensive 12-week initiative aimed at turning business ideas into market-ready ventures. The Business Wales Start-Up Accelerator, funded by the Welsh Government, has brought together 21 aspiring entrepreneurs, providing them with…
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Israeli startup Astrix Security raises $45m
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Israeli cybersecurity company Asterix Security announced the completion of a $45 million Series B funding round led by Menlo Ventures (through Anthology Fund – a strategic partnership with Anthropic) with participation from Workday Ventures, as well as existing investors Bessemer Venture Partners, CRV and F2 Venture. capital. Founded in Tel…
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Israeli startup Astrix Security raises $45m
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Israeli cybersecurity company Asterix Security announced the completion of a $45 million Series B funding round led by Menlo Ventures (through Anthology Fund – a strategic partnership with Anthropic) with participation from Workday Ventures, as well as existing investors Bessemer Venture Partners, CRV and F2 Venture. capital. Founded in Tel…
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Elon Musk’s X and xAI startup see valuations jump at Fidelity
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After repeatedly downgrading its investment in Elon Musk’s X, Fidelity last month boosted its estimates for the social media platform. The sources told Axios. October saw a 32.37% jump in X’s valuation, representing the largest monthly increase since Fidelity helped Musk buy Twitter for $44 billion in 2022, the report…
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French AI startup backed by Arnault plans to raise more funds
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H, a French AI startup founded by experts at Google’s DeepMind AI lab and backed by billionaires including LVMH CEO Bernard Arnault, is gearing up for another funding round after announcing its first product. The Paris-based AI company is operating on less money than its competitors and will need to…
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First raises $4 million for online prenup startup
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Good morning! Gender plays a major role in presidential elections, the American Stroke Association addresses risks for women, and Millennials and Generation Z are getting prenups. Have a great Thursday. – I do. Over the past few years, Libby Leffler has noticed a range of trends. Women were superior to…
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First raises $4 million for online prenup startup
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Good morning! Gender plays a major role in presidential elections, the American Stroke Association addresses risks for women, and Millennials and Generation Z are getting prenups. Have a great Thursday. – I do. Over the past few years, Libby Leffler has noticed a range of trends. Women were superior to…
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IVC-LeumiTech: Despite war startup raising up 32%
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Despite the war, investments in Israeli startups in the first nine months of 2024 reached $7.22 billion, up 32% from the first nine months of 2023, IVC-LeumiTech reported in its quarterly survey. There is a certain upward bias in the data due to IVC’s identification of Safe Superintelligence (SSI) as…
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Israeli startup Mine appoints 5 top execs in major expansion
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Israeli startup specializing in data privacy royal Mine has announced the appointment of five senior executives to its leadership team. Mine, which raised $30 million in a Series B funding round last December, develops privacy and data protection solutions for businesses and consumers. The new appointments are aimed at accelerating…
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Israeli startup Mine appoints 5 top execs in major expansion
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Israeli startup specializing in data privacy royal Mine has announced the appointment of five senior executives to its leadership team. Mine, which raised $30 million in a Series B funding round last December, develops privacy and data protection solutions for businesses and consumers. The new appointments are aimed at accelerating…
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Amnon Shashua’s AI startup AA-I Technologies revealed
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Professor Amnon Shashua founded an artificial general intelligence (AGI) startup, which is still in the dark. AGI is developing the ability to surpass human capabilities in performing complex tasks in a short time, such as developing drugs or inventing a new energy source. The startup, called AA-I Technologies The company…
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Amnon Shashua’s AI startup AA-I Technologies revealed
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Professor Amnon Shashua founded an artificial general intelligence (AGI) startup, which is still in the dark. AGI is developing the ability to surpass human capabilities in performing complex tasks in a short time, such as developing drugs or inventing a new energy source. The startup, called AA-I Technologies The company…
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Serial entrepreneur Avigdor Willenz founds new chip startup
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Serial entrepreneur and chip investor Avigdor Willens has founded a secret company, in collaboration with his former partners in Havana Labsa new AI chip startup called Touch, which according to the founders’ shared history could lead to a massive exit within a few years. Touch’s founding team includes CEO David…
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Female business owners offered £18,000 business boost with Virgin StartUp and Fiverr
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Businesses looking to scale their business have been given the chance to win £18,000 in business support as part of a competition that will see them pitch their business to a live audience in front of a panel of experienced female investors, including Holly Branson. Women’s Institutions Competition It is…
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Bitcoin Lightning Startup TMRW Raises $1.3 Million Funding
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Miami-based Bitcoin startup TMRW Bitcoin has raised $1.3 million in pre-seed funding to develop its social payments app powered by the Bitcoin Lightning Network. Maple in C The funding round was led by VC, and Bitcoin angel investors like Brad Mills joined the round. TMRW aims to leverage the speed…
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Mark Zuckerberg gave his ex-engineer startup at advice 2am over chess
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When Sophie Novati got her first job as an engineering intern at Facebook in 2011, the social media giant was in the “move fast and break things” era. “The energy was flowing at the beginning of Facebook,” the current tech entrepreneur recalls. luck“There were a lot of people trying to…
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AI access control co Knostic wins Black Hat startup award
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Earlier this week, during Black Hat, the world’s largest cybersecurity conference, an early-stage Israeli AI startup announced Knostic Knostic, founded last year, took first place in a major startup competition. This isn’t the first competition Knostic has won. Three months ago, Knostic took first place in the startup competition at…