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…
Meet The $3 Billion Chinese Startup Solving Elon Musk's Robotic Hands Problem
T he lobby of Chinese robotics firm Linkerbot's headquarters doubles as a waiting area and display room, with rows of robotic hands developed by the Beijing firm taking up half the space. Some are mounted on robotic arms to demonstrate their…
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…
We Have So Much Money Coming In': This Startup Has Already Sold More Than 200,000 Units of an Unexpectedly Popular Product
Pocket sells a $199 AI voice recorder that transcribes and summarizes conversations. The startup launched the product eight months ago and has already sold more than 200,000 devices. It reached a $100 million run rate and projects a $1 billion run…
Lady Gaga's tech bro fiancée launches weird new startup with a skin-crawling touch
Lady Gaga's techie fiancée Michael Polansky has quietly launched a buzzy startup that harvests human skin left over from plastic surgery to help develop super-advanced cosmetic products. Polansky, the 42-year old entrepreneur and Harvard…
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…
Israeli AI Startup Decart Nears $7 Billion Sale to Anthropic
An Israeli artificial intelligence startup that was valued at about $4 billion only three months ago is now reportedly on the verge of being acquired for roughly $7 billion by Anthropic, the American company behind the Claude AI chatbot. The…
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…
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