Startup Industry News
A collection of Startup latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
South Korea to nurture 100 defense startups by 2030
Feb. 23 (Asia Today) -- South Korea's Ministry of SMEs and Startups said Sunday it plans to foster 100 startups in the defense sector and 30 venture firms with annual sales exceeding 100 billion won ($75 million) by 2030. The ministry announced the…
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,'…
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…
From strangers to lovers: How this startup is simulating the 'meet-cute' with AI
It'd be nice to meet someone the old-fashioned way: Passing by them on the street, meeting at a restaurant, or sharing an exchange at a party. However, apps dominate the modern dating experience, replacing kismet meet-cutes with scrolling and DMs.
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…
Golisano Institute and GrowthX foster local startups
Add DMNews to your Google News feed. This article was published in 2026 and references a historical event from 2023, included here for context and accuracy. Tension: Regional startups need enterprise-level strategy and mentorship, yet most…
Austin AI startup Circuit raises $30M in angel round
Austin-based Circuit, an AI startup co-founded by former Silicon Labs CEO Tyson Tuttle, raised $30 million from angel investors to build an AI software for manufacturing and service operations. Why it matters: It's one of Texas' largest angel…
How startups can overcome the ₹25-cr hurdle
Small and medium enterprises (SMEs) play a crucial role in the country's economy by contributing up to 30 per cent to the Gross Domestic Product (GDP). “But the uncomfortable truth is that, though they contributed 30 per cent to GDP and 46…
Space networking startup Aalyria nabs $100M investment
Aalyria Technologies Inc., a developer of space-based communications technology, today announced that it has raised $100 million at a $1.3 billion valuation. The investment was led by Battery Ventures and J2 Ventures. It comes four years after…
'I won't talk to a chatbot': How this startup won over a sceptical 96-year-old veteran, redefined eldercare in Pune
Like all distress messages, this one was urgent: “Can you send someone?” When Preeti Damle went to the address, she was met by a 90-year-old man and his wife, who was a few years younger. The latter complained: “I want him to…
Pure Storage to rebrand as Everpure, acquire data management startup 1touch
Pure Storage Inc. today announced a rebrand and a startup acquisition designed to enhance its data management capabilities. Starting next Thursday, the data storage provider will operate under the name Everpure. The company won't change its ticker…
Deepinder Goyal's LAT Aerospace acquires defence robotics startup Sharang Shakti
LAT Aerospace, founded by Zomato founder Deepinder Goyal and its former COO Surobhi Das, has acquired Sharang Shakti, an early-stage defence robotics startup based in Gurugram, to build shared technology for sensing, navigation and control systems.
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