Startup Industry News
A collection of Startup latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ukraine's startups keep building
When edtech company Preply became a unicorn earlier this year, employees in its Kyiv office celebrated with cake — because that's what you do, even in the middle of a war. In the four years since Russia's full-scale invasion of their…
Canva acquires startups working on animation and marketing
On Monday, creative suite maker Canva announced the dual acquisition of startups Cavalry, which works on animation, and Mango AI, which works on improving ad performance. UK-based Cavalry works on 2D motion animation for different verticals such as…
Nvidia challenger AI chip startup MatX raised $500M
MatX, a chip startup founded by two former Google hardware engineers, has raised a $500 million Series B led by Jane Street and Situational Awareness, an investment fund formed by former OpenAI researcher Leopold Aschenbrenner. The company's goal…
More startups are hitting $10M ARR in 3 months than ever before
AI has brought the startup world the rise of a new phenomenon: startups that almost instantly hit multimillion ARR (annual recurring revenue). Stories abound of founders going from zero to $10 million, or as much as $100 million, in annual…
Self-driving tech startup Wayve raises $1.2B from Nvidia, Uber, and three automakers
Wayve's self-driving tech has attracted a diverse set of investors in the company's latest $1.2 billion funding round, including three automakers, top venture and institutional firms, and returning backers Microsoft, Nvidia, and Uber. Everyone, it…
A buzzy data center startup calls itself a utility. That could be a problem.
At a Wall Street conference in December, Toby Neugebauer, the CEO of Fermi America, pitched his company as a cutting-edge utility built to power the artificial intelligence boom. 'We're one of the most sophisticated utilities on the planet,'…
Apple acquires startup specializing in AI-powered light and optics
According to a new filing with the European Union, Apple has acquired the assets of invrs.io and hired its founder, who is the only employee. Here are the details. As spotted by MacRumors, Apple informed the European Union last October that it…
European AI chip startup Axelera raises additional $250 million
AMSTERDAM, Feb 24 (Reuters) - Axelera AI has secured $250 million in a funding round led by Innovation Industries that included BlackRock and SiteGround Capital as new investors, it said on Tuesday, marking one of the…
PayPal pops nearly 7% on report fintech startup Stripe is weighing an acquisition
Fintech startup Stripe is reportedly in early discussions to potentially buy PayPal. PayPal's stock has plummeted over the last year as it faces slowing growth and mounting competition in the digital-payments market. Stripe hit a $159 billion…
AI-for-Accounting Startup Basis Hits $1.15 Billion Valuation
AI-for-accounting startup Basis has surged to unicorn status with a new funding round as advances in artificial intelligence rattle the financial services markets. Basis raised $100 million from investors at a $1.15 billion valuation, the company…
Google Acquires AI Music Startup ProducerAI
Google has announced the acquisition of ProducerAI, which allows users to create and refine music using generative AI. It will now be available as part of Google Labs suite of tools, the company revealed today (Feb. 24). Over time, ProducerAI…
Cyber startup Cato Networks tops revenue milestone as CEO says AI is helping business
Cato Networks surpassed $350 million in annual recurring revenue in 2025, the network security startup said on Tuesday. CEO Shlomo Kramer said Cato is benefiting from the AI transformation and has an 'aggressive plan' to gain market share.
Sales startup Letter AI snags $40 million Series B four months after its last raise. Read its pitch deck.
Y Combinator startup Letter AI has raised $40 million in fresh funding just four months after its $10.6 million Series A, underscoring investor appetite for AI tools to reshape sales. The Chicago-based startup's post-money valuation is now in the…
'Wellbeing shouldn't be an opportunity for e-commerce' - a warning to AI mental health startups
As we've covered before on TechRadar, a growing number of people are turning to AI chatbots like ChatGPT and Gemini for something they were never really designed to do: provide mental health support. According to new research from suicide…
San Francisco startup pitches Trump admin on arming robots for U.S. military
A San Francisco-based robotics company says the Trump administration has expressed interest in deploying its high-tech robots onto future battlefields. The tech firm, Foundation, has already scored millions of dollars in U.S. military contracts to…
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