Startup Industry News
A collection of Startup latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Startups Are Still Acquiring Startups, Led By Ultra-High-Valuation Unicorns
For a startup, selling to another startup isn't the classic exit strategy. However, data shows it is a common path, especially as of late with the rise of deep-pocketed, ultra-high-valuation unicorns. So far this year, more than 500 seed- or…
US nutrition startup Berry Street merges with India's Healthify as GLP-1 trends upwards
U.S. nutrition startup Berry Street said on Monday it has merged with Khosla Ventures-backed Indian startup Healthify to bank on the popular trend of people turning to GLP-1 drugs to lose weight. The companies didn't disclose the financial details…
ISRO Bets Big on Space Startups
'ISRO will not manufacture any launch vehicles. That will all be done by the private sector or public sector undertakings.' The Indian Space Research Organisation (ISRO) is going through a strategic shift, focusing on research, development and…
Hong Kong serves as the premier springboard for mainland startups and unicorns: John Lee
Hong Kong serves as the premier springboard and strategic pivot for global supply chain deployment for mainland startups and unicorns to expand into internation market, Chief Executive John Lee Ka-chiu said on Monday. SCROLL TO CONTINUE WITH…
Genesis wants to move like a startup. Hyundai gives it the muscle to scale like an auto giant.
Genesis is, by now, a nearly 20-year-old name. When Ted Mengiste joined the Hyundai brand five years ago as an executive director of sales operations, he described the internal workings of Genesis as 'ground floor.' His team was about 37 people…
The CEO of the unicorn AI accounting startup, Rillet, says AI is changing who consulting firms hire
For years, upgrading the software companies use for bookkeeping consumed a consultant's entire job. 'It's no fun being a consultant implementing your third instance of Oracle Fusion and having three years of your life basically go by in a blink of…
Korea expands autonomous driving AI tests, deep-tech startup support
The government said Monday it will significantly expand pilot projects for locally developed autonomous driving artificial intelligence (AI) and strengthen support for deep-tech startups as it seeks to accelerate the commercialization of emerging…
Florida startup building inexpensive drone interceptors in UAE
Inexpensive interceptors developed by a small start-up based in West Palm Beach, Florida, could be used to counter the threat posed by Iranian drones, according to a report by The New York Times on Sunday. Powerus has been building its drone…
South Korean startup platform breach exposes key management failures
In July, South Korea's government-backed startup support platform, Modu-ui Changup (모두의창업), suffered a data breach. The incident later revealed a critical encryption key management failure, demonstrating how…
Physical AI startup WATER raises $2.5 million
WATER, a physical AI company developing adaptive intelligent surfaces, has secured $2.5 million in funding, led by venture capital fund Endiya Partners. The round included Pullela Gopichand, Chief National Badminton Coach, Rohit Chennamaneni…
Cyber startup Minimus shuts down, returns cash to investors
Seven years ago, Ben Bernstein, Dima Stopel, and John Morello sold the company they founded, Twistlock, to Palo Alto Networks in what at the time was the largest sale of an Israeli company to the cybersecurity giant founded by Nir Zuk, for $410…
Tesla loses another top chip engineer to ex-Dojo startup DensityAI
Tesla has lost another senior chip engineer to DensityAI, the AI hardware startup built out of its own former Dojo team. Shishuang Sun, who spent more than five years as a Tesla AI hardware architect on Dojo and the Autopilot computers, now lists…
IDFC FIRST Bank, IIM Calcutta Innovation Park launch ₹2-cr startup incubation initiative
IDFC First Bank has partnered with the IIM Calcutta Innovation Park (IIMCIP) to launch a pan-India programme aimed at nurturing enterprises working on sustainable business solutions, officials said on Monday. The ‘IGNITE' programme will…
Hard To Scale, Impossible To Ignore: Housing Innovation
A permitted Estuary greywater reuse system at a New Mexico home treats water from the showers, laundry and sinks — including the kitchen sink — and reuses it for irrigation. Housing energy costs across the country are rising faster…
Hugging Face has been fielding M&A interest for a deal worth at least $13 billion
The AI industry's next blockbuster acquisition may not be another model maker. Hugging Face, whose platform helps developers discover, share, and build AI models, has been exploring a sale that could value the company at $13 billion or more. The…
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