LinkedIn News

Health Insurance

Media & Entertainment

Customer Success

Biotech & Health

Education Technology

Human Resources

Telecommunications

Music Streaming

Entrepreneurship

Cloud Computing

Web Development

Renewable Energy

Renewable Power

Consumer Technology

Agriculture Tech

Machine Learning

Software Development

Environmental Health

Mergers and Acquisitions

Business Development

Government & Policy

Electric Vehicles

Socket Secures $40M to Enhance Software Supply Chain Security

Socket Secures $40M to Enhance Software Supply Chain Security

Socket, a startup focused on detecting vulnerabilities in open source code, has raised $40 million in its latest funding round. The company aims to address the growing risks associated with software supply chain security, with a staggering 88% of businesses acknowledging these risks as enterprise-wide threats. Founded by Feross Aboukhadijeh in 2020, Socket's tools integrate seamlessly into developer workflows, providing real-time alerts on security issues. With this funding, Socket plans to expand its team and enhance its services to protect over 300,000 code repositories, as demand for open-source security solutions continues to rise.

Created at: October 22, 2024 12:30pm

Highlight AI Assistant Spins Off from Medal, Secures $10M in Funding

Highlight AI Assistant Spins Off from Medal, Secures $10M in Funding

Highlight, a cross-platform AI assistant that originated within Medal, has successfully spun off into a separate entity, securing $10 million in funding led by General Catalyst. The round also saw participation from Valor, SV Angel, and Conviction Embed, alongside a $3 million investment from Medal. The app enables users to integrate their screen, voice notes, or documents for enhanced interactions with large language models. Highlight aims to facilitate user-driven automation while planning a future pricing model based on word count processed. The new entity is focused on rapid growth and innovation in AI-driven productivity tools.

Created at: October 22, 2024 12:00pm

CrewAI Secures $18M to Automate Business Processes Using Third-Party AI Models

CrewAI Secures $18M to Automate Business Processes Using Third-Party AI Models

CrewAI, founded by former Clearbit AI lead João Moura, has raised $18 million to automate repetitive business tasks like onboarding and report summarization. The company utilizes existing AI models from vendors such as OpenAI to create flexible workflow automations, aiming to offer a more resilient alternative to traditional robotic process automation (RPA). In its first year, CrewAI has attracted 150 customers and is valued at approximately $100 million. The platform also introduces Enterprise Cloud for enhanced analytics and support, with plans for further workforce growth and product expansion.

Created at: October 22, 2024 11:30am

Zomato to Raise $1 Billion in Major Fundraising Ahead of Swiggy IPO

Zomato to Raise $1 Billion in Major Fundraising Ahead of Swiggy IPO

Zomato has announced plans to raise $1 billion through a qualified institutions placement, marking its first significant fundraising since its 2021 IPO. This move comes shortly before rival Swiggy's anticipated IPO, which aims to raise $1.4 billion. Analysts view Zomato's decision as unexpected given its current $1.2 billion cash reserve. The new capital will help Zomato shift towards a majority domestic ownership, allowing its quick commerce unit, Blinkit, to adopt an inventory model. Co-founder Deepinder Goyal emphasized the need for additional capital to compete effectively in a rapidly evolving market.

Created at: October 22, 2024 10:30am

Berlin Startup Passionfroot Raises $3.8M to Streamline Brand Partnerships for Creators

Berlin-based startup Passionfroot has secured $3.8 million in seed funding to enhance brand collaborations for business-focused content creators. Founded by Jen Phan, the company addresses the challenges creators face in managing partnerships and payments. Passionfroot offers a marketplace and toolkit enabling creators to showcase their collaboration opportunities. With a commission structure of 15% on partnerships, the platform simplifies campaign scheduling for brands. The company aims to capitalize on the growing US influencer marketing sector, projected to reach $7.14 billion in 2024, indicating a robust market demand.

Created at: October 22, 2024 5:00am

India's Neysa Secures $30M to Challenge Global AI Giants

India's Neysa Secures $30M to Challenge Global AI Giants

Neysa, an Indian AI startup, has raised $30 million in a Series A funding round to enhance its AI and machine learning services. Founded by Sharad Sanghi, the company aims to provide infrastructure and platform services tailored for local businesses. Neysa's innovative offerings include private cloud solutions and an open-source model, allowing flexibility for clients. With a projected AI market growth to $17 billion in India by 2027, Neysa is poised to compete with major players like AWS and Google Cloud. The startup plans to expand its team and product offerings while targeting global markets in the near future.

Created at: October 22, 2024 12:30am

One Zero, AI Fintech from MobileEye Founder, Secures $100M Funding

One Zero, AI Fintech from MobileEye Founder, Secures $100M Funding

One Zero, a fintech startup founded by MobileEye's Amnon Shashua, is raising $100 million to enhance AI-driven retail banking services. The company, valued at $320 million in 2023, aims to democratize private banking through its innovative chatbot, Ella. With around 110,000 customers, One Zero has acquired a banking license in Israel and is exploring licensing opportunities for its technology globally. Previous investors include Tencent and OurCrowd. Shashua’s vision focuses on using multiple AI models to deliver personalized banking experiences and solve complex financial queries.

Created at: October 21, 2024 8:30pm

Benchmark Ventures Raises $170M for Exclusive Partners-Only Fund

Benchmark Ventures Raises $170M for Exclusive Partners-Only Fund

Benchmark Partners, a leading venture capital firm, is raising $170 million for its latest fund, Benchmark Partners Founders’ Fund I, primarily sourced from its partners and select friends and family. This follows their traditional fundraising approach of approximately $425 million every few years. Unlike many VC firms, Benchmark operates on an equal partnership model, sharing profits equally among its partners. Known for early investments in companies like eBay and Uber, Benchmark’s strategy allows partners to invest their capital independently, enhancing their involvement in promising ventures.

Created at: October 21, 2024 6:30pm

Groww Returns to India, Pays $160M Tax Amid Startup Relocation Trend

Groww Returns to India, Pays $160M Tax Amid Startup Relocation Trend

Indian startup Groww has shifted its domicile back to India from the U.S., paying $159.4 million in taxes in the process. This move is part of a broader trend, as nearly a dozen Indian startups relocate their headquarters to better align with local laws and facilitate IPOs. The Indian IPO market is thriving, with almost 70 offerings recorded in 2024 alone, the second-highest ever. Increased analyst coverage, crucial for attracting institutional investors, is a key factor driving these relocations. Many startups had previously established U.S. bases over the last decade.

Created at: October 21, 2024 9:30am

DataCrunch Aims to Be Europe's Leading AI Cloud Hyperscaler with Renewable Energy

DataCrunch Aims to Be Europe's Leading AI Cloud Hyperscaler with Renewable Energy

Finnish startup DataCrunch is positioning itself as one of Europe's first AI cloud hyperscalers, focusing on renewable energy. The company has raised $13 million in seed funding, including $7.6 million in equity financing and $5.4 million in debt, to offer GPUs as a service. With data centers in Helsinki and Iceland, DataCrunch emphasizes its green energy credentials. CEO Ruben Bryon highlighted their aim to serve both corporate clients and individual AI researchers. The company plans to build its own data centers by 2025 as it seeks to expand its infrastructure and customer base.

Created at: October 21, 2024 9:00am

Investments in Generative AI Startups Surge to $3.9B in Q3 2024

Investments in Generative AI Startups Surge to $3.9B in Q3 2024

In Q3 2024, venture capitalists invested a remarkable $3.9 billion in generative AI startups, according to PitchBook. This funding was distributed across 206 deals, predominantly benefiting U.S.-based companies. Major investments included $320 million for Magic and $260 million for Glean. Despite skepticism surrounding generative AI’s reliability and legality, investor confidence remains strong. Analysts predict that generative AI will drive significant advancements in various industries, although its high power demands pose environmental challenges. The trend suggests ongoing investment in this tech frontier, with many startups seeking substantial funding.

Created at: October 20, 2024 3:00pm

Joseph Jacks Champions Open Source Startups Amid Capitalism's Paradox

Joseph Jacks Champions Open Source Startups Amid Capitalism's Paradox

Joseph Jacks, founder of OSS Capital, is investing in early-stage open source startups, highlighting a blend of philanthropy and capitalism. His firm has funded diverse projects, including alternatives to popular software like Qualtrics and Jira. Jacks believes these companies can achieve sustainable revenue while promoting open source innovation. He emphasizes that capitalism can drive positive behavior more effectively than philanthropy. OSS Capital has raised multiple funds, backing around 80 startups, and is transitioning to a registered investment adviser to meet regulatory requirements. Jacks envisions 'open core' models will dominate future venture funding.

Created at: October 20, 2024 2:30pm

Former OpenAI CTO Mira Murati Launches New AI Startup with Major Fundraising Plans

Former OpenAI CTO Mira Murati Launches New AI Startup with Major Fundraising Plans

Mira Murati, the former CTO of OpenAI, is reportedly raising over $100 million in venture capital for her new AI startup, according to Reuters. This venture aims to create AI products utilizing proprietary models. Murati, who left OpenAI last month, expressed her desire to explore new opportunities in AI development. Previously, she served as VP of applied AI at OpenAI and held positions at Tesla and Leap Motion. Her departure coincided with a wave of executive exits from OpenAI, which recently secured $6.6 billion in funding.

Created at: October 19, 2024 10:00pm

SandboxAQ Targets $5B Valuation in AI and Quantum Computing Venture

SandboxAQ Targets $5B Valuation in AI and Quantum Computing Venture

SandboxAQ, the AI and quantum computing spinout from Alphabet, is reportedly seeking to raise funds to achieve a valuation of $5 billion, following its previous $500 million funding round in early 2023. Led by CEO Jack Hidary and backed by notable investors, the startup aims to develop software that utilizes quantum physics for advanced data modeling. With contracts in sectors like battery technology and medical imaging, SandboxAQ focuses on innovative applications beyond typical AI uses. The company continues to attract investor interest through special purpose vehicles (SPVs) targeting its shares.

Created at: October 18, 2024 9:30pm

Investors Rally Around Innovative Startups: From Light to Diamonds

Investors Rally Around Innovative Startups: From Light to Diamonds

This week in the startup ecosystem saw significant fundraising activities and mergers. Indian startup Table Space plans an IPO at a $2.5 billion valuation, while cybersecurity unicorn Cyera acquired Trail Security for $162 million. Amplitude has purchased Command AI for over $45 million to boost user engagement. Notably, X-Energy raised $500 million to enhance data center efficiency. Lightmatter secured $400 million for photonic chips, and Japanese Ookuma Diamond Device raised $27 million for semiconductor manufacturing. Fable and OroraTech also raised funds to promote accessibility and wildfire detection, respectively.

Created at: October 18, 2024 8:00pm

Acrew Capital Celebrates 5 Years with $700M Fundraise

Acrew Capital Celebrates 5 Years with $700M Fundraise

Acrew Capital has successfully raised $700 million to further its investment strategies in data security, healthcare, and fintech. This fundraising boosts the firm’s total assets under management to $1.7 billion. The allocation between early-stage and later-stage investments remains undisclosed. Despite a challenging fundraising environment, Acrew's strong portfolio, including the successful exits of Divvy and Superpeer, has contributed to its ability to attract funds. Founded in 2019, Acrew continues to operate under its original leadership with a focus on innovative startups.

Created at: October 18, 2024 8:00pm

Wyvern Secures $6M Funding to Expand U.S. Hyperspectral Imaging Operations

Wyvern Secures $6M Funding to Expand U.S. Hyperspectral Imaging Operations

Wyvern, a Canadian hyperspectral imagery startup, has raised $6 million to enhance its presence in the U.S. commercial and defense markets. Led by Squadra Ventures, the funding will assist the Alberta-based company in accessing key defense programs. Wyvern has established an American subsidiary and aims to launch two additional satellites next year, increasing its data collection capacity. The company focuses on agriculture and forestry monitoring and plans to develop a next-gen system for capturing more wavelengths. Previous investors include Uncork Capital and Y Combinator.

Created at: October 17, 2024 4:00pm

Dottxt Secures $11.9 Million to Enhance AI Communication

Dottxt Secures $11.9 Million to Enhance AI Communication

Dottxt, a U.S.-based startup, has raised $11.9 million to improve how AI models understand and generate structured data. Founded by the team behind the open-source project Outlines, Dottxt aims to bridge the gap between traditional software engineering and generative AI workflows. The startup's structured generation approach allows developers to guide large language models more effectively. CEO Rémi Louf emphasizes the importance of grammar and structured text in maximizing AI utility. With growing demand for structured generation tools, Dottxt plans to expand its remote team and focus on enterprise clients in the coming months.

Created at: October 17, 2024 4:00pm

Zuora Set to be Acquired by GIC and Silver Lake for $1.7 Billion

Zuora Set to be Acquired by GIC and Silver Lake for $1.7 Billion

Zuora, a leading subscription management software firm, has reached an agreement to be acquired by private equity firms GIC and Silver Lake for $1.7 billion in an all-cash deal. The acquisition, expected to close in Q1 2025, will transition Zuora from public to private ownership, with CEO Tien Tzuo remaining at the helm. Founded in 2007, Zuora has pioneered solutions for businesses navigating the subscription economy. The deal comes amidst a surge in private equity mega-deals, highlighting the growing importance of subscription models in the market.

Created at: October 17, 2024 3:00pm

Navigating Startup Decisions: When to Cash Out or Scale Up

Navigating Startup Decisions: When to Cash Out or Scale Up

At TechCrunch Disrupt 2024, industry leaders Naveen Rao from Databricks, Kamakshi Sivaramakrishnan from Snowflake, and Dharmesh Thakker of Battery Ventures will tackle the critical decision-making process for startup founders debating whether to sell or continue scaling their businesses. The discussion will offer insights into market timing, growth challenges, and strategic advice from their extensive experiences. Founders attending will gain invaluable knowledge to navigate today's complex startup landscape. The event is set for October 28-30 at Moscone West in San Francisco, with tickets selling quickly.

Created at: October 17, 2024 3:00pm

Top VCs to Judge Startup Battlefield 200 Final at TechCrunch Disrupt 2024

Top VCs to Judge Startup Battlefield 200 Final at TechCrunch Disrupt 2024

TechCrunch Disrupt 2024 is set to feature the Startup Battlefield 200, showcasing 200 selected startups. A final group of esteemed venture capitalists will evaluate five standout companies during the final pitch on October 30. The event will provide insights from leading investors including Navin Chaddha of Mayfield Fund and Chris Farmer of SignalFire. Attendees can learn key traits for startup success while witnessing live pitches. The competition promises to be intense, with a $100,000 prize for the winner. The event will take place at Moscone West, San Francisco from October 28-30.

Created at: October 17, 2024 2:30pm

Permira Acquires Squarespace for $7.2 Billion, Completing Take-Private Deal

Permira Acquires Squarespace for $7.2 Billion, Completing Take-Private Deal

Private equity firm Permira has successfully acquired Squarespace, ending its run as a publicly-traded company. Initially offering $44 per share, Permira increased its bid to $46.50 after pushback from shareholders and proxy advisory firms. The acquisition is valued at approximately $7.2 billion, marking one of the largest take-private transactions of 2024. Additionally, Squarespace sold its restaurant reservation service, Tock, to American Express for $400 million. CEO Anthony Casalena remains a significant shareholder post-acquisition, alongside notable VC firms.

Created at: October 17, 2024 1:00pm

India's Central Bank Halts Navi's Loan Operations Amid Regulatory Issues

India's Central Bank Halts Navi's Loan Operations Amid Regulatory Issues

The Reserve Bank of India has ordered Navi Finserv, founded by Flipkart co-founder Sachin Bansal, to cease new loan disbursements starting October 21. Citing violations in interest rates and regulatory guidelines, the central bank emphasized the need for compliance in income assessment and asset classification. This decision follows multiple warnings regarding responsible lending practices. While existing customers can continue to receive services, Navi must implement corrective measures to resume lending. The move adds to Navi's challenges, including a previous rejection of its banking license application.

Created at: October 17, 2024 12:30pm

Cyera Acquires Trail Security for $162M, Eyes $3B Valuation

Cyera Acquires Trail Security for $162M, Eyes $3B Valuation

Cyera, a U.S.-based cybersecurity unicorn, has acquired Trail Security for $162 million, marking its first acquisition amid a rapid growth phase. The deal enhances Cyera's data security posture management with Trail's data loss prevention technology. As it expands, Cyera is also raising at least $200 million at a pre-money valuation of around $3 billion. The acquisition aligns with market trends favoring comprehensive security platforms over standalone solutions. All 40 Trail employees will join Cyera, further bolstering its capabilities in an increasingly demanding cybersecurity landscape.

Created at: October 17, 2024 10:30am

Zepto Seeks $100M in New Funding as Quick Commerce Grows

Zepto Seeks $100M in New Funding as Quick Commerce Grows

Zepto, a leading Indian quick commerce startup, is in advanced talks to raise $100 million, marking its third funding round in just six months. The Mumbai-based company, known for delivering groceries and office supplies in 10 minutes, aims to attract more domestic investors, including high-net-worth individuals and family offices. The new investment values Zepto at $5 billion post-money, maintaining its valuation from a recent $340 million round. With over $1 billion raised recently, Zepto plans to go public next year, projecting 150% growth in the coming year.

Created at: October 17, 2024 7:30am

ODD Secures $27M for Innovative Diamond Chips to Aid Fukushima Cleanup

ODD Secures $27M for Innovative Diamond Chips to Aid Fukushima Cleanup

Ookuma Diamond Device (ODD) has raised approximately $27 million to develop diamond semiconductor technology aimed at clearing radioactive debris at the Fukushima Daiichi Nuclear Power Plant. The startup plans to construct a manufacturing facility by January 2025, producing diamond chips that outperform traditional silicon in harsh environments. This funding boosts ODD's total to around $45 million since its inception. Diamond semiconductors, made from methane gas, promise superior thermal management and efficiency. ODD is in discussions with over ten global clients in nuclear and aerospace sectors, positioning itself as a leader in this innovative technology.

Created at: October 17, 2024 12:00am

OroraTech Secures $25M for Advanced Wildfire Detection Satellites

OroraTech Secures $25M for Advanced Wildfire Detection Satellites

OroraTech has raised $25 million to enhance its space-based wildfire detection capabilities. The German startup currently operates two thermal-infrared satellites and plans to expand its constellation to eight by mid-2025. This funding round, led by Korys and the European Circular Bioeconomy Fund, will support the development of predictive AI systems and the launch of the FOREST-3 satellite in early 2025. OroraTech aims to provide near-real-time monitoring of wildfire-prone areas, having recently secured a €20 million contract to monitor forests in Greece.

Created at: October 16, 2024 11:30pm

Y Combinator-Backed Fintech CapWay Shuts Down Amidst Challenges

Y Combinator-Backed Fintech CapWay Shuts Down Amidst Challenges

CapWay, a fintech startup backed by Y Combinator, has officially shut down, as confirmed by its founder, Sheena Allen. The company aimed to provide financial services to underserved communities, known as banking deserts. Allen expressed disappointment over the closure, citing a failed acquisition and the challenges within the fintech sector. Despite raising nearly $800,000, CapWay struggled to secure a banking partner amid heightened requirements and increased competition for funding, particularly affecting Black founders. Allen remains committed to financial inclusion and is exploring new entrepreneurial opportunities.

Created at: October 16, 2024 9:30pm

Yellow Card Secures $33M to Enhance B2B Crypto Services Across Africa

Yellow Card Secures $33M to Enhance B2B Crypto Services Across Africa

Yellow Card, the leading cryptocurrency exchange in Africa, has raised $33 million in Series C funding led by Blockchain Capital. This investment will help the platform focus on its business customers, pivoting from its initial B2C model. With this new strategy, Yellow Card aims to support around 30,000 businesses in managing payments and treasury through stablecoins. The company reports a surge in transaction volumes, climbing from $1.7 billion to over $3 billion. The funding will also facilitate product development and regulatory engagement in a rapidly evolving crypto landscape.

Created at: October 16, 2024 5:00pm

Lightmatter Secures $400M to Revolutionize AI Datacenters with Photonic Technology

Lightmatter Secures $400M to Revolutionize AI Datacenters with Photonic Technology

Lightmatter, a photonic computing startup, has successfully raised $400 million to enhance the efficiency of modern datacenters. The company's innovative optical interconnect layer allows hundreds of GPUs to operate in unison, addressing significant bottlenecks in AI model training. As demand for high-performance computing surges, Lightmatter's technology promises to improve data transfer speeds and reduce latency. With major datacenter players already showing interest, the startup is positioned for rapid growth. This funding round values Lightmatter at $4.4 billion, highlighting its potential in the evolving tech landscape.

Created at: October 16, 2024 1:30pm

Fable Secures $25M to Enhance Accessibility Tools for Cognitive and Hearing Impairments

Fable Secures $25M to Enhance Accessibility Tools for Cognitive and Hearing Impairments

Fable, a Toronto-based startup focused on digital accessibility, has successfully raised $25 million in funding to expand its services for people with cognitive and hearing disabilities. Since its inception in 2020, Fable has aimed to integrate accessibility into product development processes, shifting responsibility beyond specialists. The company plans to enhance AI training data inclusivity, addressing biases that affect individuals with disabilities. With this funding, Fable aims to develop new teams and products while empowering enterprises to monitor accessibility metrics across numerous digital products.

Created at: October 16, 2024 1:00pm

Luxury Fashion Careers Fuel $17M Raise for Autone's Supply Chain Innovations

Luxury Fashion Careers Fuel $17M Raise for Autone's Supply Chain Innovations

Autone, a supply chain platform founded in 2020, has successfully raised $17 million in Series A funding, led by General Catalyst. The company aims to streamline inventory management for mid-market retailers and premium brands facing complex supply chains. Notable investors include Speedinvest and YCombinator, bringing total funding to $20 million. Autone's co-founders, with backgrounds in luxury fashion, leveraged their experience to create a solution that reduces inventory risk and enhances purchasing efficiency. Their client roster includes brands like Courreges and Roberto Cavalli.

Created at: October 16, 2024 10:00am

Capacity Secures $26 Million in Series D Funding Amid Strategic Acquisitions

Capacity Secures $26 Million in Series D Funding Amid Strategic Acquisitions

Capacity, an AI-driven support automation firm, has raised $26 million in Series D funding, surpassing its initial goal of $5 million due to strong backing from investors like TVC Capital and Toloka.vc. The company has also acquired three firms, including enterprise search company Lucy, enhancing its customer service automation capabilities. CEO David Karandish emphasized the importance of a comprehensive platform for improving customer interactions. With over 2,500 brands served and plans to grow its workforce to 200 by year-end, Capacity is poised for significant expansion and profitability.

Created at: October 16, 2024 7:30am

Storio: A French Startup Pioneering Smart Energy Storage for Solar Power

Storio: A French Startup Pioneering Smart Energy Storage for Solar Power

Storio, a French startup founded in 2023, has secured €5 million in seed funding to enhance energy storage solutions for commercial clients. The company aims to optimize solar energy use by integrating smart battery management with existing solar installations. By partnering with battery suppliers, Storio offers a unique distribution strategy that allows customers to save on energy costs while contributing to grid stability. Their software enables efficient energy management, allowing clients to charge batteries during off-peak hours and potentially earn revenue by releasing energy back into the grid. With a focus on the French market, Storio is well-positioned for growth in Europe.

Created at: October 16, 2024 5:30am

Pear VC Expands Accelerator Program: Introducing PearX to Fuel Startups' Growth

Pear VC Expands Accelerator Program: Introducing PearX to Fuel Startups' Growth

Pear VC has announced an expansion of its accelerator program, now named PearX, which will host two batches of approximately 20 startups each year. This move aims to provide increased resources, including recruiting help and dedicated office space in San Francisco. The program has previously launched successful companies like Viz.ai and Affinity. The latest demo day featured 20 AI-focused startups, each offering innovative solutions for complex business challenges. PearX's funding ranges from $250,000 to $2 million per startup, tailored to their specific needs.

Created at: October 16, 2024 12:00am

Neuron7 Secures $44 Million in Series B Funding Led by Keith Block

Neuron7 Secures $44 Million in Series B Funding Led by Keith Block

AI customer service startup Neuron7 has successfully raised $44 million in an oversubscribed Series B funding round, spearheaded by Keith Block of Smith Point Capital. The firm aims to revolutionize complex service operations, differentiating itself from general chatbot solutions. Neuron7 leverages advanced AI to analyze repair manuals and support records, assisting technicians in diagnosing problems efficiently. With its user base primarily comprising Fortune 1000 companies, Neuron7 has reported a 300% growth in annual recurring revenue. This latest funding increases its valuation significantly, positioning it for further innovation in enterprise AI.

Created at: October 15, 2024 1:30pm

Monogoto Secures $27M to Enhance Connectivity-as-a-Service Platform

Monogoto Secures $27M to Enhance Connectivity-as-a-Service Platform

Monogoto, a startup specializing in 'connectivity-as-a-service', has successfully raised $27 million in a Series A funding round led by Toyota Ventures. The funding highlights the growing demand for software-defined connectivity solutions amidst a fragmented telecommunications landscape. With this latest round, Monogoto has raised a total of $38 million to date. The company operates in 180 countries and supports various network types, addressing the complexities enterprises face in managing connected devices. Monogoto aims to streamline connectivity for industries including fleet management and asset tracking.

Created at: October 15, 2024 1:00pm

Port Secures $35M to Revolutionize Developer Tools and Workflows

Port Secures $35M to Revolutionize Developer Tools and Workflows

Port, an innovative platform aimed at centralizing developer tools and workflows, has successfully raised $35 million in a Series B funding round led by Accel and Bessemer Venture Partners. Founded in 2022 by Yonatan Boguslavski and Zohar Einy, Port addresses the bottleneck caused by developers' reliance on DevOps teams for managing various tasks. The platform, which features an internal developer portal, enhances efficiency by allowing developers to self-service their resource needs. With plans to expand its workforce and product offerings, Port is set to grow significantly in the coming year.

Created at: October 15, 2024 12:30pm

Xscape Photonics Unveils Multicolor Lasers to Revolutionize Datacenter Connectivity

Xscape Photonics Unveils Multicolor Lasers to Revolutionize Datacenter Connectivity

Startup Xscape Photonics is transforming datacenter interconnects with innovative multicolor lasers designed to boost AI training performance. By utilizing silicon photonics, these lasers promise high bandwidth and low power consumption, overcoming limitations of traditional metal-based interconnects. Founded by experts from Columbia University, Xscape has secured $44 million in Series A funding to scale production. CEO Vivek Raghunathan emphasizes the technology's potential to handle multiple data streams without interference. The company is already engaging with ten customers and aims to integrate its tech with AI software for broader applications.

Created at: October 15, 2024 12:30pm

Gladia Secures $16 Million to Transform Audio Transcription APIs with Real-Time Processing

Gladia Secures $16 Million to Transform Audio Transcription APIs with Real-Time Processing

French startup Gladia has raised $16 million in Series A funding to enhance its speech-recognition API, which converts audio files into text with improved accuracy and speed. Competing against giants like Amazon and Google, Gladia aims to integrate audio intelligence with language model tasks in a single API call. The company addresses latency issues, achieving real-time transcription with under 300 milliseconds delay. Gladia's service supports 100 languages and is utilized by over 600 companies, highlighting its growing relevance in the audio application landscape.

Created at: October 15, 2024 11:00am