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Vendease Overhauls Salary Structure Amid Layoffs and Pursues New Funding

Vendease Overhauls Salary Structure Amid Layoffs and Pursues New Funding

Vendease, the Y Combinator-backed Nigerian food procurement startup, has restructured its employee pay system following a significant workforce reduction of 44%. The company is transitioning to a performance-based pay model supported by an Equity Share Option Plan (ESOP). This move comes as Vendease aims for profitability after facing currency depreciation and rising costs. The new compensation structure includes a phased restoration of salaries, with additional focus on AI-driven efficiency and a buy now, pay later (BNPL) product to enhance revenue. Vendease is also exploring new investment opportunities to sustain operations.

Created at: March 18, 2025 10:00am

GrubMarket Secures $50M Funding, Valued at Over $3.5B to Revolutionize Food Distribution with AI

GrubMarket Secures $50M Funding, Valued at Over $3.5B to Revolutionize Food Distribution with AI

GrubMarket has raised $50 million in its Series G funding round, achieving a valuation surpassing $3.5 billion. The investment will enhance its AI capabilities aimed at optimizing food distribution, a market valued at $1 trillion. Major investors include Liberty Street Funds and Pinegrove Capital Partners, reflecting strong confidence in GrubMarket's growth trajectory. The company reported projected revenues of $2.4 billion for the current year, driven by strategic acquisitions and a tech-first approach. CEO Mike Xu emphasizes AI's role in transforming data management within the industry.

Created at: March 18, 2025 9:30am

Google and Speedinvest Fund AI-Driven Logistics Startup Leta to Lower Delivery Costs

Google and Speedinvest Fund AI-Driven Logistics Startup Leta to Lower Delivery Costs

Kenya's Leta, an AI-powered logistics SaaS firm, has secured $5 million in seed funding led by European VC Speedinvest, with support from Google's Africa Investment Fund. The platform aims to reduce exorbitant logistics costs for African businesses, which can be up to four times higher than the global average. By optimizing delivery routes and streamlining payment processes, Leta has rapidly expanded, now handling over 10,000 daily trips for major clients like KFC and Diageo. The startup plans to double its revenue and expand further within Africa and the Middle East.

Created at: March 18, 2025 8:30am

Klarna Secures Walmart Partnership, Elevating IPO Prospects

Klarna Secures Walmart Partnership, Elevating IPO Prospects

Swedish fintech giant Klarna has announced an exclusive partnership with Walmart to provide buy now, pay later loans, a service previously held by rival Affirm. This strategic move comes as Klarna is preparing for its IPO, while Affirm's stock dropped by 8% following the news. Klarna's majority stake in fintech startup OnePay will facilitate the loan services for Walmart customers. The partnership is expected to significantly increase Klarna’s market presence in the U.S., with projections indicating a 28% boost in gross merchandise value from just 5% of Walmart's U.S. volume.

Created at: March 17, 2025 6:30pm

Startups Weekly: Optimism Surges as Founders Raise Less but Secure Significant Deals

Startups Weekly: Optimism Surges as Founders Raise Less but Secure Significant Deals

This week in the startup world revealed a growing sense of optimism among entrepreneurs, highlighted by notable deals and funding activities. Hinge Health filed to go public while Fervo Energy plans an IPO in the coming years. Peak.ai was acquired by UiPath, showcasing strategic moves within the industry. Notable funding rounds included Ditto's $82 million Series B and Nirvana's $80 million Series C for an AI-driven insurance platform. Meanwhile, Northvolt filed for bankruptcy, marking a stark contrast in the landscape. Overall, startup confidence remains resilient despite challenges.

Created at: March 14, 2025 5:31pm

Kerry Washington Leads Investment in Wedding Marketplace Cheersy

Kerry Washington Leads Investment in Wedding Marketplace Cheersy

Kerry Washington has made headlines by becoming the lead investor in Cheersy, a wedding marketplace founded by Amy Shack Egan, which has raised $550,000 in its pre-seed round. Cheersy connects couples with day-of wedding coordinators, addressing a high demand for such services. Washington's involvement comes as she expands her angel investment portfolio, which includes backing various startups. Shack Egan's journey to secure funding was challenging, yet she aims to enhance Cheersy’s platform and expand its reach into six new cities. The funding will also support hiring a user experience designer.

Created at: March 14, 2025 12:30pm

Flock Safety Secures $275M Funding at $7.5B Valuation Amid Controversies

Flock Safety Secures $275M Funding at $7.5B Valuation Amid Controversies

Flock Safety, known for its video surveillance technology, has raised $275 million at a $7.5 billion valuation, with participation from notable investors including Bedrock Capital. The Atlanta-based startup, founded in 2017, boasts over $300 million in annual recurring revenue, marking a 70% year-over-year growth. With over $950 million in total funding, Flock has faced scrutiny regarding privacy concerns and lawsuits but continues to attract significant VC interest. The company’s innovative public safety solutions, including gunshot detection and license plate recognition, are driving its growth despite challenges.

Created at: March 14, 2025 9:01am

Neko Health Secures $260M Funding, Aims for U.S. Expansion

Neko Health Secures $260M Funding, Aims for U.S. Expansion

Neko Health, the body-scanning startup co-founded by Spotify's Daniel Ek, has raised $260 million in a Series B funding round, valuing the company at $1.8 billion. The funds will facilitate Neko's entry into the U.S. market, expand its clinic network, and enhance its diagnostic technology. With a growing waitlist exceeding 100,000, the startup has already served 10,000 patients across its clinics in Stockholm and London. CEO Hjalmar Nilsonne emphasizes the rising demand for preventative healthcare solutions, indicating a shift in healthcare paradigms. Lightspeed Venture Partners leads the investment, with other notable firms participating.

Created at: January 23, 2025 6:30am

Caffeinated Capital Targets $400M for New Fund

Caffeinated Capital Targets $400M for New Fund

Caffeinated Capital, a San Francisco-based venture firm led by Raymond Tonsing, is aiming to raise $400 million for its fifth fund, as revealed in a recent regulatory filing. So far, the firm has secured $160 million towards this goal. If successful, this would mark the largest capital raise in the firm’s 15-year history. Caffeinated has notable past investments, including Airtable and Saronic. Varun Gupta, who joined Tonsing as a general partner in 2020, adds experience from his role at Affirm, a platform Tonsing also backed early on.

Created at: January 23, 2025 2:00am

Ati Motors Secures $20M Funding to Propel Robotics Expansion

Ati Motors Secures $20M Funding to Propel Robotics Expansion

Ati Motors has raised $20 million in a Series B funding round as it aims for global expansion in the autonomous mobile robotics sector. The Indian startup plans to capitalize on the rising demand for domestic manufacturing across the U.S., India, and Southeast Asia. With a focus on displacing manual operations, Ati Motors has developed seven distinct robots, enhancing manufacturing capabilities. The funding was co-led by Walden Catalyst Ventures and NGP Capital, joining existing investors. The company also offers a robots-as-a-service model, with notable clients including Airbus and Hyundai.

Created at: January 23, 2025 12:30am

AngelList and CoinList Team Up to Boost Crypto Startups' Fundraising

AngelList and CoinList Team Up to Boost Crypto Startups' Fundraising

In a significant move for the crypto industry, AngelList and CoinList have partnered to introduce specialized vehicles aimed at assisting crypto startups in raising and managing funds. This collaboration will enable users to fund Crypto Special Purpose Vehicles (SPVs) using stablecoins like USDC, eliminating traditional bank hurdles. The new Crypto Roll-Up Vehicles (RUVs) will streamline the investment process for founders by simplifying compliance management for multiple stakeholders. As crypto gains mainstream traction again, this initiative positions both companies at the forefront of the evolving landscape.

Created at: January 22, 2025 9:30pm

Favorited Secures $1.3M in Pre-Seed Funding, Aims to Compete with TikTok Live

Favorited Secures $1.3M in Pre-Seed Funding, Aims to Compete with TikTok Live

Favorited, a new livestream app, has raised $1.3 million in pre-seed funding from investors including a16z. The app aims to provide an interactive platform for creators to engage with followers, featuring gifting and competitive revenue splits of 70/30 for creators. Founded by David Tesler and Zach Ferraro, Favorited currently has over 750,000 users and plans to scale globally. The platform has generated over $4 million in monthly revenue, with creators receiving more than $2.5 million in gifts last week alone. Favorited is available on both the App Store and Google Play.

Created at: January 22, 2025 5:30pm

Anthropic Secures $1B Investment from Google for AI Expansion

Anthropic Secures $1B Investment from Google for AI Expansion

Anthropic has successfully raised approximately $1 billion from Google, increasing the tech giant's total investment in the AI company to around $3 billion. This new funding follows a $2 billion investment made last year. Anthropic aims to launch innovative AI models and features in 2025, including two-way voice chat and an AI system named the 'Virtual Collaborator,' which will enhance productivity across platforms like Slack and Google Docs. The company is also seeking an additional $2 billion from other investors at a $60 billion valuation, bringing its total funding to $14.7 billion.

Created at: January 22, 2025 4:00pm

Databricks Secures $15.3B Funding, Valued at $62B with Meta as Investor

Databricks Secures $15.3B Funding, Valued at $62B with Meta as Investor

Databricks, a data analytics platform, has successfully closed a $15.3 billion financing round, comprising $10 billion in Series J equity and $5.25 billion in debt. This funding elevates the company's valuation to $62 billion. Notable investors include Meta, which joins an array of established financial institutions. Databricks, founded in 2013, aims to enhance its AI product offerings and expand its global market operations. The company has raised approximately $19 billion in total funding and is contemplating an IPO, with the earliest possibility suggested for 2025.

Created at: January 22, 2025 3:00pm

Doti AI Secures $7 Million Seed Funding to Revolutionize Enterprise Search

Doti AI Secures $7 Million Seed Funding to Revolutionize Enterprise Search

Doti AI, a Tel Aviv-based startup, has raised $7 million in seed funding to enhance enterprise search capabilities using AI. The company integrates data from platforms like Slack and Salesforce, allowing users to access information through a chat interface. Co-founders Matan Cohen and Opher Hofshi believe that their solution addresses a critical gap in enterprise search. Unlike competitors, Doti offers flexibility for organizations to utilize their own large language models and security policies. The funding round was led by F2 Venture Capital with contributions from angel investors, marking a significant step in the AI search landscape.

Created at: January 22, 2025 1:31pm

Sales Knowledge Automation Platform 1up Secures $5M Funding Round

Sales Knowledge Automation Platform 1up Secures $5M Funding Round

1up, an AI-driven knowledge automation platform for sales teams, has announced a $5 million funding round led by Upfront Ventures. Founded by George Avetisov, the platform helps sales professionals access internal data to answer product and technical inquiries efficiently. Since its public launch in January 2024, 1up has garnered nearly 100 customers, leveraging a unique marketing strategy that incorporates memes, generating significant engagement on LinkedIn. The funding will be used to expand the sales team and enhance product features to better serve the sales community.

Created at: January 22, 2025 1:30pm

Lindus Health Secures $55M to Transform Clinical Trials with AI

Lindus Health Secures $55M to Transform Clinical Trials with AI

Lindus Health, a London-based startup, has raised $55 million in Series B funding to innovate the clinical trial process. Founded in 2021 and supported by Peter Thiel, the company aims to address inefficiencies in clinical trials through automation and machine learning. Their platform manages the entire clinical trial lifecycle, enhancing both speed and accuracy. With over 35,000 patients enrolled, Lindus plans to expand its operations from the U.K. to the U.S. and improve integration with third-party tools. This funding will also accelerate their AI applications in real-time data analysis.

Created at: January 22, 2025 12:00pm

Vertice Secures $50M in Funding to Transform SaaS Spend Management

Vertice Secures $50M in Funding to Transform SaaS Spend Management

Vertice, a London-based startup, has raised $50 million in Series C funding to enhance its AI-driven SaaS spend management platform. Founded less than three years ago, the company has experienced remarkable growth, increasing revenue by 13 times. The new funding, led by Lakestar, aims to standardize procurement processes across various sectors. Vertice's innovative platform analyzes software usage to optimize purchasing and reduce costs, with clients including major firms like ASML and Santander. This funding round brings Vertice's total raised to around $100 million, reflecting its strong market presence.

Created at: January 22, 2025 8:00am

Global Fintech Funding Declines at Slower Pace in 2024

Global Fintech Funding Declines at Slower Pace in 2024

Fintech startups worldwide raised $33.7 billion in 2024, marking a 20% decline from the previous year, according to CB Insights. Deal volume also fell by 17%, totaling 3,580 deals. However, the decrease in funding represents the smallest annual drop in three years, with a rebound of $8.5 billion in Q4 2024, an 11% increase from Q3. Notably, median deal sizes surged by 33% to $4 million. Despite challenges, companies like LemFi and Hyperline secured significant funding, while eToro has filed for a confidential U.S. IPO.

Created at: January 21, 2025 6:30pm

MoneyHash Secures $5.2M to Revolutionize Payment Orchestration in MENA

MoneyHash Secures $5.2M to Revolutionize Payment Orchestration in MENA

Egypt's fintech startup MoneyHash has raised $5.2 million in pre-Series A funding, bringing its total funding to over $12 million since its inception in 2021. The company simplifies payment processes for merchants across the Middle East and Africa, targeting larger enterprises with its new suite launched in early 2024. MoneyHash's platform integrates multiple payment providers, addressing high failure rates and operational inefficiencies in the region. Investors include Flourish Ventures and Saudi’s Vision Ventures, highlighting growing interest in fintech solutions for emerging markets.

Created at: January 21, 2025 11:30am

Karmen Raises $9.4 Million to Enhance Instant Financing for SMEs

Karmen Raises $9.4 Million to Enhance Instant Financing for SMEs

French fintech startup Karmen has successfully raised $9.4 million in a funding round aimed at boosting its revenue-based financing products for small and medium enterprises (SMEs). The round, which includes equity and debt, was led by Seventure Partners and supported by Financière Arbevel and Bpifrance. Karmen, which has already assisted around 600 companies in managing their cashflow, offers loans ranging from €20,000 to €3 million. The company plans to enhance its data-driven approach and risk assessment technology using AI to better serve its clients and expand its customer base through embedded financing strategies.

Created at: January 21, 2025 5:30am

Rivian Secures $6.6B Loan to Boost Georgia Factory Plans

Rivian Secures $6.6B Loan to Boost Georgia Factory Plans

Rivian has finalized a significant $6.6 billion loan from the Department of Energy to support its upcoming factory in Georgia. The funding, part of the Advanced Technology Vehicle Manufacturing program, will aid in the construction process set to commence in 2026, with the first R2 SUVs anticipated by 2028. The loan is structured in two tranches, allowing Rivian to borrow up to $3.35 billion initially. Rivian faces scrutiny from Vivek Ramaswamy regarding the loan's terms and must meet specific performance milestones to access funds. Production was previously delayed, but the loan offers a path forward.

Created at: January 17, 2025 4:00pm

Instabase Secures $100M in Series D Funding to Revolutionize Document Data Processing

Instabase Secures $100M in Series D Funding to Revolutionize Document Data Processing

Instabase has successfully raised $100 million in a Series D funding round, aimed at enhancing its software for processing unstructured document data. This funding comes as businesses face challenges managing vast amounts of unstructured data from various sources. The platform enables companies to extract, classify, and analyze data efficiently, utilizing generative AI for deeper insights. Notable clients include Uber and major U.S. banks. Founded in 2015, Instabase has previously raised $175 million, now valued at $2 billion. The Series D round was led by Qatar Investment Authority and includes prominent investors.

Created at: January 17, 2025 3:30pm

Nord Security Founders Launch Nexos.ai to Revolutionize AI Project Deployment

Nord Security Founders Launch Nexos.ai to Revolutionize AI Project Deployment

Nexos.ai, a new AI orchestration startup founded by Tomas Okmanas and Eimantas Sabaliauskas, aims to streamline the transition of AI projects from pilot to production for enterprises. Backed by $8 million in funding from prominent investors, including Index Ventures, the company focuses on enhancing visibility, security, and adaptability of large language models (LLMs). Nexos.ai addresses the challenges of deploying AI in production environments by offering a simple API that integrates over 200 AI models, ensuring cost efficiency and data security for enterprises. The platform is set to launch by March 2025.

Created at: January 17, 2025 10:00am

VC Investment Soars to $75B in Q4, Yet Startups Struggle to Secure Funding

VC Investment Soars to $75B in Q4, Yet Startups Struggle to Secure Funding

Venture capital investments in U.S. startups surged to $74.6 billion in Q4 2024, a significant rise from the previous nine-quarter average of $42 billion. Despite this impressive figure, funding remains concentrated among a few major players, with 43.2% of the total going to just five companies including Databricks and OpenAI. Analysts suggest that without these large deals, overall investment levels would mirror past trends. The disparity highlights ongoing challenges for smaller startups in accessing capital, raising questions about the sustainability of this investment surge in 2025.

Created at: January 16, 2025 11:00pm

Insight Partners Secures $12.5B Fund, Reinforces VC Dominance in New York

Insight Partners Secures $12.5B Fund, Reinforces VC Dominance in New York

Insight Partners has successfully closed Fund XIII and its second Opportunity fund, amassing $12.5 billion in new capital. This latest round brings Insight's total assets under management to $90 billion. The funds will primarily be allocated towards buyout software investments and reinvesting in existing portfolio companies. Notably, Insight's recent performance includes over $8 billion in exits through acquisitions. The firm remains competitive against rising VCs like Thrive, co-leading significant deals, including Databricks' $10 billion funding. This strategic move solidifies Insight's position as a leader in the venture capital landscape.

Created at: January 16, 2025 10:00pm

eToro Targets $5B US IPO in 2025 Amid Renewed Fintech Interest

eToro Targets $5B US IPO in 2025 Amid Renewed Fintech Interest

Trading platform eToro has confidentially filed for a US IPO that could value the company at over $5 billion, according to the Financial Times. The Israel-based fintech previously attempted to go public via a SPAC in 2021 but abandoned those plans in 2022. In March 2023, eToro secured $250 million in funding at a $3.5 billion valuation. The company allows users to trade various assets, including stocks and cryptocurrencies. Sources indicate that a formal listing in New York could occur as early as the second quarter of 2025, reflecting a resurgence in fintech IPOs.

Created at: January 16, 2025 6:30pm

EV Startup Harbinger Secures $100M Amid Tesla's Mixed Federal Funding Outcome

EV Startup Harbinger Secures $100M Amid Tesla's Mixed Federal Funding Outcome

Harbinger, an electric vehicle startup, has successfully raised $100 million in a Series B funding round led by Capricorn Investment Group and Leitmotif. This investment comes as Tesla faces a dual outcome with federal funding; while it was denied $97 million for a charging corridor project, it successfully secured $100 million for electric truck charging stations in Illinois. Additionally, eBay has acquired car transaction startup Caramel, and Sarla Aviation raised $10 million led by Accel. The funding landscape continues to evolve within the electric vehicle and transportation sectors.

Created at: January 16, 2025 6:30pm

NeuroBionics Develops Hair-Thin Fibers for Revolutionary Brain Therapy

NeuroBionics Develops Hair-Thin Fibers for Revolutionary Brain Therapy

MIT spinout NeuroBionics is pioneering a minimally invasive technique to treat neurological conditions like depression and Parkinson’s disease. The startup aims to deliver bioelectric fibers, the width of human hair, through blood vessels in the brain, eliminating the need for traditional deep brain surgery. Funded with $5 million, the technology utilizes carbon nanotubes instead of metals, reducing toxicity and improving MRI compatibility. NeuroBionics plans to test its device in pigs before seeking FDA approval, with market entry projected around 2030. Investor Steve Jurvetson highlights the vast potential of this innovation.

Created at: January 16, 2025 5:30pm

Anduril to Invest $1 Billion in New Weapons Megafactory in Ohio

Anduril to Invest $1 Billion in New Weapons Megafactory in Ohio

Anduril Industries has announced plans to construct a billion-dollar weapons megafactory, Arsenal-1, in Columbus, Ohio. The five-million-square-foot facility will create approximately 4,000 jobs and is designed to enhance the production of autonomous surveillance and weapon systems. The company's decision was influenced by the site's proximity to Rickenbacker Airport, providing access to extensive runway space and additional land for future expansion. This initiative marks a significant milestone for the defense tech startup, founded by Palmer Luckey and others.

Created at: January 16, 2025 5:00pm

Netradyne Raises $90M to Enhance AI Dashcams for Safer Roads

Netradyne Raises $90M to Enhance AI Dashcams for Safer Roads

Netradyne, a California-based startup, has secured $90 million in Series D funding, elevating its valuation to $1.25 billion. The investment, led by Point72 Private Investments, will support the expansion of its AI-enabled dashcams for commercial fleets, which have already proven to reduce crashes by 50%. Following its success in North America and India, the company aims to enter markets in Ireland and Japan. Netradyne's innovative dashcams utilize real-time alerts and advanced data analytics, accumulating over 18 billion miles of driving data to enhance safety and compliance.

Created at: January 16, 2025 4:30pm

Teal Health Secures $10M Funding for At-Home Cervical Cancer Screening Solution

Teal Health Secures $10M Funding for At-Home Cervical Cancer Screening Solution

Teal Health has raised $10 million in a seed extension round led by Emerson Collective and Forerunner, boosting its total funding to $23 million. Founded in 2020 by Kara Egan and Dr. Avnesh Thakor, the company aims to revolutionize cervical cancer screenings by enabling women to conduct tests at home. The Teal Wand, pending FDA approval, will allow users to collect samples for telehealth consultations. Egan emphasized the importance of access to screenings, noting that many women are delayed in their preventive care. The funding will enhance Teal's telehealth platform and support expansion across the U.S.

Created at: January 16, 2025 4:00pm

Recharge Secures €45M Funding for M&A and Fintech Expansion

Recharge Secures €45M Funding for M&A and Fintech Expansion

Recharge, a leading prepaid payment platform in Europe, has raised €45 million from ABN AMRO to pursue mergers and acquisitions while expanding into fintech services. The company, which has reported a 30% revenue growth in 2024, aims to leverage the funding to consolidate its market position and launch new financial products. CEO Günther Vogelpoel emphasized the desire to evolve into a financial services provider with enhanced privacy and security features. With a growing prepaid card market expected to reach $395 billion by 2028, Recharge is strategically positioned for growth.

Created at: January 16, 2025 10:00am

Hyperline Raises $10 Million to Revolutionize Automated Billing

Hyperline Raises $10 Million to Revolutionize Automated Billing

French startup Hyperline has secured $10 million in funding from Index Ventures to enhance its automated billing platform. The startup aims to simplify billing for recurring subscriptions and usage-based services, addressing common issues faced by growing companies. Founder Lucas Bédout emphasized the demand for automation in invoicing and payment processes. Hyperline offers features like custom pricing and integrates seamlessly with CRMs and accounting software. With plans to expand its workforce from 14 to 25, the company is poised to target larger clients generating significant revenue.

Created at: January 16, 2025 8:00am

Amazon Acquires Fintech Startup Axio to Expand Credit Access in India

Amazon Acquires Fintech Startup Axio to Expand Credit Access in India

Amazon has officially acquired Indian fintech startup Axio, enhancing its foothold in the financial services sector. This move aims to provide credit access to underserved Indian consumers. Axio, previously known as Capital Float, has a strong customer base of over 10 million and a loan book exceeding $260 million. The acquisition agreement was signed after six years of Amazon's equity stake in the startup. Financial details remain undisclosed, but this marks Amazon's second acquisition in India following its purchase of MX Player. The deal reflects Amazon's commitment to addressing credit gaps in the region.

Created at: January 16, 2025 7:00am

Stoke Space Secures $260M for Reusable Rocket Development

Stoke Space Secures $260M for Reusable Rocket Development

Stoke Space, a Y Combinator alum founded by Blue Origin veterans, has successfully raised $260 million in a Series C funding round, bringing its total funding to $480 million. This follows a $100 million raise in October 2023 and a $75 million round in December 2021. The company aims to create the first fully reusable rocket, including both booster and second stage. Recent tests of its first-stage rocket engine were promising. The new capital will be utilized to expand facilities at Cape Canaveral Space Force Station, with participation from several prominent investors.

Created at: January 15, 2025 11:00pm

Loft Orbital Secures $170 Million in Series C Funding for Space Ventures

Loft Orbital Secures $170 Million in Series C Funding for Space Ventures

Loft Orbital, a space infrastructure startup, has successfully raised $170 million in Series C funding, co-led by Tikehau Capital and Axial Partners. This round of funding surpasses the total of $160 million raised since its inception in 2017. The company has reported over $500 million in bookings, demonstrating significant capital efficiency. Loft's customers include major players like NASA and Microsoft, and it has launched over 25 missions. With this new capital, Loft aims to expand its satellite launches and enhance its AI capabilities in space operations.

Created at: January 15, 2025 8:30pm

Colossal Biosciences Secures $200M to Revive Woolly Mammoths and Other Extinct Species

Colossal Biosciences Secures $200M to Revive Woolly Mammoths and Other Extinct Species

Colossal Biosciences has successfully raised $200 million in a Series C funding round, achieving a remarkable $10.2 billion valuation. This funding was led by TWG Global, with participation from notable investors like Mark Walter and Thomas Tull. The company aims to resurrect woolly mammoths, Tasmanian tigers, and dodo birds using advanced gene-editing technologies. Co-founder Ben Lamm highlighted the impressive technological advancements made since their last funding round. Colossal also plans to develop artificial wombs and collaborate with governments on conservation efforts, anticipating significant revenue from biodiversity credits.

Created at: January 15, 2025 4:00pm

AI Recruiters on the Rise as Gen Z Job Applications Surge

AI Recruiters on the Rise as Gen Z Job Applications Surge

With a significant increase in job applications from Gen Z, companies are increasingly adopting AI recruiters to streamline hiring processes. Maki, an AI platform, has raised $28.6 million in Series A funding to enhance its conversational AI for candidate interviews. The platform, which claims to automate up to 80% of the recruitment process, is already experiencing rapid growth, securing contracts with major firms like H&M and BNP Paribas. Maki's AI agents provide personalized feedback to candidates, reducing bias and improving the overall recruitment experience.

Created at: January 15, 2025 3:30pm

Rockfish Secures $4M Seed Funding to Transform Enterprise Data with Synthetic Solutions

Rockfish Secures $4M Seed Funding to Transform Enterprise Data with Synthetic Solutions

Rockfish, a startup focused on leveraging synthetic data to solve the reproducibility crisis in academia and enterprise, has secured $4 million in seed funding led by Emergent Ventures. Founded by Vyas Sekar and Giulia Fanti from Carnegie Mellon, Rockfish aims to help enterprises overcome data silos by integrating with database providers like AWS and Azure. Their product is designed for continuous ingestion of operational data, making it relevant for daily enterprise use. The company has already partnered with clients such as Conviva and government agencies including the U.S. Army.

Created at: January 15, 2025 3:00pm