Category: Startups
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Fast-fashion startup Virgio, supported by Prosus, closes its doors despite a valuation of $161 million.
Fast-fashion startup Virgio, led by former Myntra chief, is closing down less than a year after securing funding of over $160 million. The shutdown was confirmed by two investor sources familiar with the situation. On its website, Virgio expresses that the beloved fast fashion brand is no longer available. Amar Nagaram, the founder and CEO…
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Vertical, the Promising Future of Social Media
Discussions about the future of social media have been increasing lately. With Elon Musk’s acquisition of Twitter, the launch of new social media startups, and Meta’s Threads, it’s clear that the next five years will bring changes. However, nobody knows exactly what social media will look like in five years. Many startups and legacy players…
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Regent, an Electric Seaglider Startup, Secures $60M in Fresh Funding to Take Flight
The promise of electric aviation has faced challenges due to limited battery range and a lengthy certification process. However, Regent, a startup co-founded by CEO Billy Thalheimer, has found inspiration in electric seagliders to overcome these obstacles. Thalheimer, a former employee of Aurora Flight Sciences, believes that combining hydro-foiling watercraft and electric aviation holds the…
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OpenAI is reportedly contemplating the development of its own AI chips, according to reports from OpenAI.
OpenAI, a well-funded startup specializing in artificial intelligence (AI), is considering the idea of creating its own AI chips. The company has been discussing its chip strategies for some time now, as there is a shortage of chips available for training AI models. OpenAI is exploring several options to advance its chip ambitions, including acquiring…
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Vernode announces launch of new Cloud Hosting packages
Vernode, an Estonia based web hosting company Vernode provides premium web and cloud hosting solutions for business owners, entrepreneurs and developers, announced new cloud hosting packages. The new cloud hosting packages are designed for website owners have a stress free and easy experience with selection of both CPU and RAM upgrade. Vernode team has been…
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Astro lets you manage your inbox from Slack, check email hands-free with Alexa
Astro is today rolling out a new bot that merges Slack and email. The bot will allow you to receive your most critical emails within Slack, write and respond to emails using Slack usernames, as well as share important emails – and their attachments – into Slack private messages or channels, among other things. The…
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Submission management startup Submittable raises $5M
Submittable, a startup used by more slot online yang sering kasih jackpot than 9,000 companies to manage submissions, has raised $5 million in Series A funding. Missoula, Montana-based Submittable was founded in 2010 with an initial focus on literary magazines that wanted help keeping track of manuscript submissions. As co-founder and CEO Michael FitzGerald put…
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Baby food delivery service Yumi launches with $4.1 million in seed funding
Yumi, the Los Angeles-based baby food delivery service co-created by former TechCrunch and Wall Street Journal reporter Evelyn Rusli and Angela Sutherland is finally open for business, with $4.1 million in seed investment from VC firms Brand Foundry, August Capital and NEA, as well as several angels, including early Dropbox investor Ali Partovi, WordPress’ Matt Mullenweg, and Philip…
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Revolut launches business accounts in U.K. and Europe
Revolut, the London fintech startup that offers a card and current account features, coupled with low currency exchange, is launching a new product aimed at businesses — upping the ante against competing services, such as TransferWise’s recently launched “Borderless account”. Available in the U.K./Europe, the new Revolut offering enables companies to sign up for multi-currency…
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Intudo Ventures launches $10M fund for Indonesia’s fast-growing startup ecosystem
Indonesia is one of Southeast Asia’s most promising startup market. Today, its ecosystem gained a new investor with the launch of Intudo Ventures’ debut fund, which has more than $10 million to invest into about 12 to 16 early-stage startups, as well as joint ventures with overseas companies that want to break into the Indonesian…
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Sense sleep tracker maker Hello is shutting down
Hello, the makers of the bedside sleep tracker Sense, is shutting down as after looking for a buyer, according to a blog post from the company. The news was first reported by Axios, which said the company has laid off most of its employees and sought a buyer of its assets. We’ve also heard that the…
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Inflect makes buying internet infrastructure easier
Once your company gets to the point where you decide to move out of the comforting safety of a public cloud like AWS and set up your own infrastructure, things get rather complicated. You have to choose a data center (or two) and your network and exchange providers, for example, and chances are your team…
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Here is a fun tech chart while the market falls over
There are a lot of headlines today about tech getting a slap in the face on Wall Street — particularly Apple which is down more than 3%. These guys are actually down only a few percentage points but for the largest companies in the world, that translates to billions of dollars. But while we wring…
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London’s mayor announces £1.6M clean tech incubator
London’s Mayor Sadiq Khan has announced a clean tech incubator aimed at sparking a new startup cluster in the UK capital focused on helping to foster the development of low-carbon and clean-tech products which are aimed at tackling the causes and effects of climate change. Among the issues the mayor wants London-based businesses to contribute ideas…
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Let’s meet in Columbus this week
It’s a bit short notice but I’ll be in Columbus this week and I’d love to meet you all on Thursday at 5pm at the Wolf’s Ridge Tap Room. You can RSVP here. There is limited space so please pick up a ticket early. We’ll have a quick pitch-off in preparation for Disrupt SF and…