Startup Industry News
A collection of Startup latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Startup challenging satellite industry's multi-orbit playbook
WASHINGTON — Since SpaceX disrupted the satellite communications market with low-latency broadband from low Earth orbit, traditional satellite operators have promoted “multi-orbit” architectures that combine low Earth orbit…
Mistral AI acquires industrial engineering AI startup Emmi
ASML (ASML)-backed French startup Mistral AI has acquired Austria-based Emmi AI, which develops simulation technology for industrial engineering, for an undisclosed amount. According to Emmi, it is developing physics AI models for industrial…
Mistral AI buys Austrian physics AI startup in industrial push
PARIS, May 19: Europe's leading artificial intelligence firm, France's Mistral AI, said on Tuesday it has acquired Vienna-based Emmi AI for an undisclosed sum, aiming to enhance its offering for industrial clients across Europe. Emmi AI, which…
How Atlanta fits into hypersonic plane startup Hermeus' future
It only takes a few months to teach airplanes to space industry veterans, he said, while teaching a new “culture” of development could take years. Looking for that talent prompted them to open a location in California four years ago.
We Have No Clue What Goes On Inside AI's Brain. This $1.25 Billion Startup Is Trying To Find Out
'What we really care most about is building this future of intentional design,” Goodfire CEO Eric Ho says. “How do we actually shape and debug and design these models that we really, really want.” T ype a question into an AI…
Apple strikes talent and IP deal with virtual avatar startup Animato
Apple has struck a new talent and IP deal with Animato, a startup that makes virtual avatar software for video chats and tutoring. Here are the details. According to a new listing in the European Commission's Digital Markets Act acquisition…
Ecarx, Backed by Geely's Li, to Sell Robotaxis to US Startup
Ecarx Holdings Inc., a company backed by Chinese billionaire Li Shufu, said it reached an agreement to deliver robotaxis to US startup May Mobility Inc., in a deal it valued at about $750 million. Under the deal, Ecarx would deliver thousands of…
Startup backed by American Eagle CEO reaches unicorn status in latest funding round
Radar, a startup backed by American Eagle CEO Jay Schottenstein that helps retailers reduce theft, is now valued at over $1 billion. The company, which works with American Eagle and Gap's Old Navy, raised $170 million at a valuation of over $1…
Meet the children's literature startup that wants to unseat Scholastic as the king of the book fair
Imagine walking into your elementary school library and finding it transformed overnight into a forest at dusk. Mossy green canopies arch over the bookshelves. Glowing mushrooms create a path between display cases. Twinkle lights flicker through…
The Texas startup that's bringing back the Wooly Mammoth has a new project: growing chickens in artificial eggs
A flock of chickens living in a coop near Dallas, Texas, are ordinary birds. But they hatched inside 3D-printed artificial eggs in a lab at Colossal Biosciences, the Dallas-based “de-extinction” company. Colossal designed a new system…
Startup Bolt Graphics promises 5x performance over Nvidia's best GPU
It takes a brave company to go up against Nvidia in any market, let alone graphics performance. Intel tried and failed repeatedly, and AMD is barely hanging on. But Bolt Graphic s thinks it has something in its Zeus GPU. Founded in 2020, Bolt…
Exclusive: AI startup Viktor raises $75 million to put a virtual 'coworker' in Slack and Teams
Fryderyk Wiatrowski, CEO and co-founder of Viktor, joined Meta with the aim of finding a co-founder. After landing in the social media giant's ranks, he met Peter Albert, an engineer who had worked on Meta's Llama 2 team, and the pair spent their…
Bristol Startup ServiceStamp Launches in Italy, Bringing Manufacturer-Direct Service History Checks to One of Europe's Largest Used Car Markets
ServiceStamp closes that gap by sourcing service history data directly from Original Equipment (OE) manufacturer databases, the same systems used by authorised dealerships. Reports are delivered within seconds of a vehicle identification number…
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OpenAI Deepens India Push With Bengaluru Hiring for Startup AI Deployment
OpenAI is expanding its India-focused AI operations with a new Bengaluru-based hiring push aimed at supporting startups and enterprises building applications on its artificial intelligence platform. The company recently posted a remote India-based…
Mistral AI acquires Viennese physical AI startup Emmi AI
French AI company Mistral AI has acquired Vienna-based startup Emmi AI to expand its offering for industrial clients across Europe. The purchase price was not disclosed. Emmi AI specializes in AI models that can simulate complex physical processes…
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