Startup
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Amazon recruits founders from AI startup Adept
Adept, a startup known for developing AI-powered agents designed to perform various software-based tasks, has announced a significant shift in its business strategy. The company has agreed to license its cutting-edge technology to Amazon, and…
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Zepto Secures $665 Million in Funding, Valued at $3.6 Billion
Mumbai-based startup Zepto has secured $665 million in a new funding round, catapulting its valuation from $1.4 billion to $3.6 billion within a year. This significant financial boost underscores Zepto’s strategic efforts to dominate the…
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AI fintech LoanSnap, after raising $100 million, now faces lawsuits, fines, and eviction.
AI mortgage startup LoanSnap is currently grappling with numerous lawsuits from creditors and has been evicted from its headquarters in Southern California, leaving its employees concerned about the company’s future, TechCrunch has learned. Background and…
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Ex-Salesforce, Microsoft Execs Raise $8M for AI Cybersecurity Startup
Seattle’s bustling tech scene sees yet another promising startup, Averlon, stepping into the spotlight with a novel approach to cybersecurity. The company has recently secured $8 million in a seed funding round aimed at enhancing…
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Big tech firms are investing in AI startups, potentially avoiding antitrust scrutiny
In a bustling week of financial activity within the artificial intelligence sector, several AI startups announced significant capital infusions, reflecting a continued frenzy of investment that not only underscores the financial stakes involved but also…
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Zen Educate secures $37M and acquires Aquinas Education to combat teacher shortage
Zen Educate, a digital marketplace that connects schools with teachers, has raised $37 million in a Series B funding round. This investment comes as schools on both sides of the Atlantic face a worsening teacher…
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Maad secures $3.2M in seed funding despite turbulence in Africa’s B2B e-commerce sector
Maad, a B2B e-commerce startup based in Senegal, has successfully secured $3.2 million in debt-equity funding to bolster its growth within the country and explore fresh opportunities in the wider Francophone region. The startup aims…
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Amazon plans to invest $1.3 billion in France, generating 3,000 new jobs.
In a major economic boost for France, Amazon announced on Monday its plans to invest over €1.2 billion ($1.3 billion) into its operations across the country. This substantial financial commitment is set to create more…
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Atlan Raises $105M to Tackle Enterprise ‘Data Chaos’ Through a Unified Control Platform
In a substantial boost to its efforts to streamline enterprise data management, Atlan, a San Francisco-based startup, announced a major milestone with the successful closure of its Series C funding round. The company has raised…
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DocuSign Purchases Lexion for $165 Million, Enhancing Its IAM Platform with Advanced AI Capabilities
In a strategic move to bolster its presence in the burgeoning field of Intelligent Agreement Management (IAM), Docusign, a leader in electronic agreement technology, has announced its acquisition of Lexion, an AI-driven agreement management software…