Tengo uses AI to find, evaluate and respond to public tenders. It’s a software-as-a-service tool that helps companies handle public tenders at scale — a bit like Govly in the U.S. Originally created within the startup studio Hexa, the startup has raised a €3 million funding round led by Point Nine ($3.2 million at current
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Stability AI, the beleaguered generative AI startup behind Stable Diffusion, has raised new cash. But it won’t reveal how much. Greycroft, Coatue Management, Sound Ventures, Lightspeed Venture Partners, O’Shaughnessy Ventures and angel investors Prem Akkaraju, ex-Google CEO Eric Schmidt, Robert Nelsen and Napster founder and ex-Facebook exec Sean Parker have injected fresh capital into Stability,
When it comes to building software for climate tech, you probably want to build something in the general vicinity of carbon accounting, given that the hottest software platforms in the space have something to do with either accounting, offsets, removals, or regulatory disclosure. For instance, New York’s Persefoni (accounting) raised $164.2 million to date, Plan
Like many AI companies, Udio and Suno relied on large-scale theft to create their generative AI models. This they have as much as admitted, even before the music industry’s new lawsuits against them have gone before a judge. If it goes before a jury, the trial could be both a damaging exposé and a highly
On Monday, Fearless Fund’s cofounder Ayana Parsons announced that she was stepping down from her leadership role from the firm. She will no longer be its general partner and COO but will be off “enjoying island life” with her family, she said in a LinkedIn post. She cofounded the fund in 2019 with partner Arian
In the post-COVID world, VCs say it’s not as easy to get excited about investing in digital health. Deal activity in healthcare IT was relatively flat in Q1 2024 at 74 total deals, valued at about $1 billion total, up only 3% from the year-ago quarter, according to PitchBook data. Still, promising startups have grabbed
Smart ring makers Oura and Circular Tuesday announced a settlement in an ongoing patent suit. The agreed-upon terms find the French company entering into a multi-year agreement with Oura, wherein it will license the market leader’s intellectual property for devices sold in the U.S. Financial details of the agreement have been kept confidential. Oura has
Once upon a time, in a galaxy not so far away (this one, in fact), a few internet rebels decided that they were tired of the corporate overlords controlling their online lives. Thus, the fediverse was born — an attempt to wrest control of microblogging services, such as Twitter and its ilk, away from centralized
Popular productivity tool Notion has long allowed its users to make any of their pages public. Now, the company is expanding on this with the launch of Notion Sites, which adds several new features to its existing publishing tools. For the most part, these are pretty straightforward, but together, they do make for a more
Joseph Phillips and William Corbera, both of whom come from entrepreneurial backgrounds, have been friends for over a decade. Corbera co-founded RevoPay, a payments processing platform that was acquired by payments solutions firm OSG in 2022. Phillips, for his part, led the national sales team at Seamless before heading up sales at ServiceTitan, a web-based
Ashley Beckwith spent years of her academic and professional career focused on the intersection of biology, materials and manufacturing to build medical solutions more efficiently. When she realized the tech could be applied to plants and plant-based materials, an area that desperately needed it, she decided to switch gears. “Life on earth is only as
Pennylane, Qonto, Agicap, Pleo and Mollie have one thing in common. They all use Chift in one way or another to manage integrations with other services. And this relatively young Belgium-based startup just raised a €2.3 million seed round ($2.5 million at today’s exchange rate). Many fintech startups rely on integrations to make their product
Zyod is an Indian startup offering its tech platform to global fashion brands to help them in their entire design-to-delivery process. It has raised $18 million in a new funding round to expand its presence to more than 40 countries worldwide. The Gurugram-based startup works with Indian factories to help them manufacture fashion wear for
OpenAI is on an M&A tear. Days after acquiring database tech firm Rockset, OpenAI has purchased Multi (previously Remotion), a startup developing a enterprise-focused, video-first collaboration platform. A source familiar with the matter says that the deal is technically an acquihire and that most of Multi’s team — around five people — will join OpenAI
Yet another generative AI venture has raised a bundle of money. And, like the others before it, it’s promising the moon. Emergence, whose co-founders include Satya Nitta, the former head of global AI solutions at IBM’s research division, on Monday emerged from stealth with $97.2 million in funding from Learn Capital plus credit lines totaling
Consumer technology is hard, but few people have mastered it as well as Matt Rogers, co-founder of Nest and now Mill, his new startup that promises to turn your table scraps into planet-saving treasure. Mill burst out of the gate last year after spending some time in stealth refining its waste bin, an easy to
Major investor Prosus has written off its 9.6% stake in Indian edtech firm Byju’s to zero, signaling a loss of confidence in the once-promising startup. Prosus, the largest external investor in Byju’s, disclosed the adjustment in its assessment of Byju’s worth on Monday. Prosus wrote off the startup “due to the significant decrease in value
Just a few weeks ago, 18-year-old best friends Christopher Fitzgerald and Nicholas Van Landschoot graduated from high school. While most teens their age would be living it up in their last summer before college or the adult jobs that await them, Fitzgerald and Van Landschoot are hunkered down in a VC office in Boulder, Colorado.
Who’s afraid of the Big Bad DEI? The acronym is near-poisonous now — a word that creates almost instant tension between those who embrace it and those who want it dead. A prime example of this divide was the response to startup Scale AI founder Alexandr Wang’s post on X last week. He wrote about
We’re at a transitional moment in streaming — user growth is slowing and major players are looking to consolidate, but the long-promised dream of profitability finally seems within reach (especially if you’re Netflix). The perfect time, then, for The New York Times to interview many of the industry’s big names — including Netflix co-CEO Ted
The human brain has long been a subject of fascination for art and science, which are now both mixed into “Brainstorms: A Great Gig in the Sky,” a new live interactive experience to the tune of Pink Floyd. Interactivity is optional, but memorable. Exhibition visitors can opt in (and pay extra) to have their brain
When former YouTube product manager Kevin Xu, known as “Sir Jack A Lot” on Reddit, turned $35,000 into $8 million trading stocks between 2020 and 2022, many people thought his fortunes, and his way of investing, had peaked, just like 2021’s memestock craze had. Xu doesn’t agree, though, and he’s now building a startup for
The majority of companies struggle to extract value from their data. Several years ago, Forrester reported that between 60% and 73% of data belonging to the average business goes unused for analytics. That’s because the data’s siloed or otherwise pigeonholed by technical and security considerations, making it difficult — if not impossible — to apply analytical tools.
Vox Media’s president, Pam Wasserstein, sent her staff a Slack message and an email on May 29 detailing what the company’s journalists say was shocking news: Vox had signed a content licensing deal with OpenAI. The deal gives the AI company access to Vox’s current content, as well as the entire archive of its journalistic
In 2013, there were 26 reported school shootings in the U.S. That figure rose to 82 a decade later. America has a school shooting problem, this much we can agree on. The cause of — and solution to — the issue, on the other hand, is where things start to fall apart. It has become
Rates of depression, anxiety and suicidal thoughts are surging among U.S. teens. A recent report from the Center of Disease Control found that nearly one in three girls have seriously considered suicide, and a significant number, 13% have actually attempted it. Psychologists have various theories about what’s causing adolescent mental health crises. Some blame the
OpenAI has acquired a company, Rocket, building tools to drive real-time search and data analytics. In a post on its official blog, OpenAI said that it would integrate Rockset‘s technology to “power [its] infrastructure across products.” Members of Rockset’s team will join OpenAI, and Rockset’s existing customers will be transitioned off of Rockset’s platform “gradually.”
Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Elon Musk just convinced Tesla shareholders to approve his $56 billion pay package, making him the highest-paid CEO in history — assuming he can dodge a
Aether Fuels has raised $30.4 million of a $34.3 million round, according to an SEC filing. The e-fuels startup is working on producing fuel for aviation and maritime shipping using carbon dioxide and other waste carbon streams. The new round would give the company’s bank account a healthy bump; Aether Fuels had previously raised $8.5
Spotify is introducing a new “Basic” streaming plan in the United States, the company announced on Friday. The new plan costs $10.99 per month and includes all of the benefits of a Premium plan but without the monthly audiobook listening time. The launch of the new streaming plan comes a few weeks after Spotify increased
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