Category: startup
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Blockchain startup Parfin raises $10m in Series A round
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Blockchain startup Parfin has secured $10 million in its Series A round, aiming to drive global expansion and bridge the gap between traditional finance and blockchain. Parfin, a Mastercard-based blockchain infrastructure company, has successfully closed the first tranche of its Series A funding, raising $10 million. In a press release…
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US Justice Dept. is investigating Nvidia’s acquisition of AI startup, Politico reports By Reuters
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(Reuters) – The U.S. Justice Department is investigating chip giant Nvidia Corp’s acquisition of artificial intelligence startup Run:ai on antitrust grounds, Politico reported on Thursday, citing five people with direct knowledge of the matter. Nvidia announced its acquisition of the Israeli company in April for about $700 million, according to…
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Millennial entrepreneur and podcaster Dan Murray-Serter, behind a £35 million supplements startup wishes he could tell his 20-year-old self to ‘sack off NFTs’
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What would you do if you had a six-figure salary? You’d probably never cook another meal or enjoy a monthly Thai massage and a Soho House membership to relieve the stress of being at your best. Here at The Good Life, you no longer have to imagine what life at…
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Spot work startup Timee shares pop 30% in Tokyo debut By Reuters
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TOKYO (Reuters) – Shares of Taimi, a startup that runs a platform that connects workers looking for side jobs with companies facing labor shortages, surged about 30 percent on Friday in its Tokyo stock market debut. The company’s shares opened at 1,850 yen, valuing the company at about $1.1 billion.…
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Spot work startup Timee shares pop 30% in Tokyo debut By Reuters
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TOKYO (Reuters) – Shares of Taimi, a startup that runs a platform that connects workers looking for side jobs with companies facing labor shortages, surged about 30 percent on Friday in its Tokyo stock market debut. The company’s shares opened at 1,850 yen, valuing the company at about $1.1 billion.…
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Startup Nation Central warns on cybersecurity overdependence
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Startup Nation Central’s H1 2024 report found that while Israeli M&A reached $4.1 billion, the highest number since 2018 and up 70% from H2 2023, the number of actual deals was low, reflecting large acquisitions of cybersecurity companies. In nine deals, Israeli cybersecurity companies were acquired for $1.5 billion, accounting…
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Rent the Runway cofounder Jennifer Fleiss on why cofounder relationships are critical for mental wellness in the startup game
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Before Jennifer Fleiss joined the boards of Yale Ventures, luxury fashion company Lanvin, and photo service Shutterfly, the Harvard Business School graduate was trying to start a company with fellow entrepreneur Jennifer Hyman. It was 2009, and the two wanted to teach consumers how to rent designer clothes through a…
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Rent the Runway cofounder Jennifer Fleiss on why cofounder relationships are critical for mental wellness in the startup game
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Before Jennifer Fleiss joined the boards of Yale Ventures, luxury fashion company Lanvin, and photo service Shutterfly, the Harvard Business School graduate was trying to start a company with fellow entrepreneur Jennifer Hyman. It was 2009, and the two wanted to teach consumers how to rent designer clothes through a…
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Google near deal to acquire cybersecurity startup Wiz for $23 billion
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Alphabet Inc., the parent of Google, is in advanced talks to buy cybersecurity company Waze for about $23 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter. If the deal closes, it would be the company’s largest acquisition ever. The news comes days after reports…
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Global report blames limited financing for Kenyan start-up woes
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Limited access to finance, as well as inadequate infrastructure, are among the key factors holding back Kenya’s startup ecosystem, a new survey has found. The latest Global Startup Ecosystem Index 2024 report published by industry think tank StartupBlink indicates that most startups in Kenya also cited lack of mentorship as…
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Exclusive-AI coding startup Magic seeks $1.5-billion valuation in new funding round, sources say By Reuters
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Written by Anna Tong and Crystal Ho (Reuters) – U.S. startup Magic, which develops artificial intelligence models for writing software, is in talks to raise more than $200 million in a funding round that values it at about $1.5 billion, three sources told Reuters, just months after its latest capital…
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AI chip startup Lightmatter hires Nvidia’s Jankowski as CFO
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Boutelish Lighmatter, an AI chip startup focused on optical supercomputing, has hired longtime Nvidia (NASDAQ: NVDAThe company announced on Monday the appointment of CEO Simona Jankowski to the position of CFO. Jankowski spent more than two decades at NVIDIA, where she served as vice president Investor relations and strategic finance.…
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Amazon lures cofounders from startup Adept to bolster AI efforts By Reuters
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By Greg Bensinger and Crystal Ho (Reuters) – Amazon.com Inc has hired the founders and some of its team members of artificial intelligence startup Adept, a move that mirrors rival Microsoft Corp (NASDAQ:MSFT.O), as it seeks to combat the perception that it is playing catch-up in AI. Adept said in…
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Israeli startup R2 secures the wireless front
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Among the early-stage startups in Israel’s defense sector is Wireless Sensor R2 wirelessFounded three and a half years ago by Dr. Jephthah Richter, the company has developed a product that provides full-spectrum defense. This means that a hostile entity can be located based on which of its devices is transmitting…
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Pavraj takes a bite of meat business with meatless startup
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At the Kenya Meat Expo and Conference held last week, the sweet smell of grilled meat whetted the appetites of many. But in the meat-filled environment lurks a stranger, Paaraj Sehra. While many exhibitors displayed meat products and meat cutting equipment, Pavraj had meat alternative products, made from soybeans and…
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EV startup Fisker’s U.S. units file for bankruptcy By Reuters
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(Reuters) – Electric vehicle startup Fisker, which filed for Chapter 11 protection earlier this week, said its U.S. units also filed for bankruptcy in a Delaware court on Wednesday. Fisker Inc (OTC:) and its other US subsidiaries said they have entered Chapter 11, adding that discussions about selling assets are…
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Nvidia Agrees to Buy Software Startup Shoreline
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(Bloomberg) — Nvidia Corp. has agreed to buy Shoreline.io, a startup for software developers founded by a former Amazon Web Services executive, people familiar with the matter said. Most read from Bloomberg The deal was recently closed and values Shoreline at about $100 million, according to the people, who asked…
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Nvidia Agrees to Buy Software Startup Shoreline
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(Bloomberg) — Nvidia Corp. has agreed to buy Shoreline.io, a startup for software developers founded by a former Amazon Web Services executive, people familiar with the matter said. Most read from Bloomberg The deal was recently closed and values Shoreline at about $100 million, according to the people, who asked…
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French Startup, Mistral AI, Secures $640M Funding To Challenge Industry Giants
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Mistral AI team in Paris / Source: Mistral AI In the rapidly evolving world of artificial intelligence (AI), a French startup, Mistral AI, as a formidable competitor, ready to challenge the dominance of industry giants like OpenAI, Meta, and Anthropic. Founded in 2023 by former employees of tech giants Meta…
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Exclusive-Japan spot work startup Timee targets July listing, sources say By Reuters
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Written by Sam Nosi and Miho Oranaka TOKYO (Reuters) – Japanese startup Timee, which operates a platform that connects workers looking for side gigs with labor-strapped companies, is targeting a July listing in Tokyo, two people familiar with the matter said. The startup, founded in 2017, aims for a valuation…