Startup Industry News
A collection of Startup latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Investors sue Selena Gomez alleging fraud tied to her mental health startup
Singer and actress Selena Gomez and her mother are being sued over their mental health startup, Wondermind. The plaintiffs in the lawsuit say they invested nearly $1.2 million in the startup, and are accusing Gomez of securities fraud and breach of…
Selena Gomez accused of fraud by mental-health startup investors
Pop star Selena Gomez is being accused of fraud by investors who claim she failed to deliver on promises to leverage her global celebrity and social-media following to promote her mental-health startup, which collapsed last year. The startup…
Anthropic Is Reportedly Looking to Buy This Seemingly Un-Anthropic-Like Startup
In one of those anonymously-sourced Bloomberg articles you can't help but suspect might exist solely to help out one or another side in an ongoing negotiation, it's being reported that Anthropic might soon buy the AI lab Decart for roughly $6…
Startups Bet Big on Quick Commerce
For these startups, qcom is emerging as a launch and discovery platform, not simply a fulfilment channel. Direct-to-consumer (D2C) startups across food, beverages, fashion, consumer electronics and lifestyle categories are lining up to launch new…
How A Teenage Carpenter Became The Founder Of AI Construction Startup Trunk Tools
Before founding Trunk Tools, an AI startup for the construction industry, Sarah Buchner spent more than a decade working in construction. She grew up in a low-income household in Austria, where her father was a carpenter. When the family needed…
This AI Startup Made a 24-Hour AI News Channel. Who Wants This?
Is there an audience for AI-delivered news? Public data says no, and previous attempts to deliver such ventures have yielded many human-written stories about projects that never materialized. And yet Mirage — the AI startup behind the…
Anthropic said in talks to buy startup Decart for $6 billion
Anthropic PBC is in talks to buy the artificial intelligence startup Decart AI for about $6 billion, according to people familiar with the matter. Decart makes so-called world models, which aim to simulate the physical world, as well as software…
Gulf startups are staying private for longer
Gulf startups are staying private for longer, part of a global phenomenon of weaker exit and IPO activity amid public market volatility, according to private capital tracker Pitchbook. The UAE is the only Gulf country to rank among the top 20…
Startup Spotlight: ScopeSys gives drugmakers a closer look inside genomic medicines
Medical researchers need cutting-edge tools to create new treatments, and Vancouver, BC startup ScopeSys wants to provide them. Founded in 2017 and tracing its roots to research from University of British Columbia biophysicist Sabrina Leslie…
Naver invests in US startup developing wave-powered AI data centers
Naver has invested in Panthalassa, a U.S. startup developing floating artificial intelligence (AI) data centers powered by ocean waves, as the tech giant moves to secure infrastructure to meet the rapidly growing demand for AI computing. The…
Departing Google exec Jeff Dean has been in talks for a $10 billion valuation for his new AI startup
Jeff Dean spent 27 years helping build Google. Now, investors could be betting $1 billion that he can build the next big thing in AI outside it. The legendary Google engineer has been in discussions for $1 billion in financing at a valuation of…
Exclusive: Startup gets cash for 'massive' grid solution
AGent Energy, a startup that integrates backup generators into the grid during emergencies, raised $11 million in seed funding co-led by Spero Ventures and MassMutual Ventures. Why it matters: Power demand is rising quickly, straining grids and…
Selena Gomez & Her Mental Health Startup Hit With Investor Fraud Lawsuit: 'Financial Calamity'
A group of investors in Selena Gomez 's troubled mental health startup Wondermind are suing the star and her company for fraud. The lawsuit, filed on Thursday (Aug. 13) and obtained by Billboard, alleges that Gomez, her mother Mandy Teefey and…
Lev, the PSL spinout building an 'AI co-founder' for startups, names tech vet Jay Bartot as CTO
Jay Bartot has spent most of his career building startups and advising other founders. Now he's joining another veteran entrepreneur in a bet that technology can do a lot of that work. Lev, the Pioneer Square Labs spinout building an “AI…
TNAU's Incubation Centre applies for support under Startup India Seed Fund Scheme
Centre of Excellence in Biotechnology (COXBIT), a Section 8 Company promoted by Tamil Nadu Agricultural University (TNAU), has sought funding from the Central Government under the Startup India Seed Fund Scheme (SISFS) operated through incubators.
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