Startup Industry News
A collection of Startup latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
With aluminum prices up 20%, recycling startups bet on AI to cash in
Rising gas prices have been a recurring headline since the Trump administration started its war against Iran in late February, but it's not the only commodity affected by the conflict. Around 10% of the world's aluminum is made in the Gulf region…
No crying in the casino': A viral startup spat exposes tech's crazed state
Last Friday morning, Avi Patel was scrolling on X when he saw a post that made him crash out. The post, from General Catalyst investor Yuri Sagalov, announced a $31 million seed round for a startup called Luel, which pays people for AI training…
Nvidia posts another record quarter, reveals $43 billion of holdings in startups
Nvidia announced another record revenue figure after market close on Wednesday, reporting financial results for the quarter ending April 26. Over those three months, the company brought in $81.6 billion in revenue (up 20% from the previous quarter)…
Sam Altman has a proposition for startup founders: AI tokens for equity
Before some startup founders raise their Series A, they'll be raising AI tokens. OpenAI CEO Sam Altman announced a new offer for Y Combinator's current batch of founders: fork over some equity, and OpenAI will offer up $2 million in API tokens. YC…
South Louisiana is doomed? Don't tell that to the startups trying to save it
The New Orleans 'doomsday story' has been the talk of south Louisiana this month. The Guardian newspaper, summarizing an academic climate study released earlier this month, said the city has reached the 'point of no return' due to sea level rise…
Mercury hits $5.2 billion valuation as fintech firm banks on AI startups
May 20 (Reuters) - Mercury said on Wednesday it had raised $200 million at a $5.2 billion valuation in its latest funding round, led by investment firm TCV, as it seeks to attract AI-native founders and businesses as banking…
IrisGo, a startup backed by Andrew Ng, looks to become the AI desktop buddy you never knew you needed
Industry insiders say the next big thing in AI is “proactive” systems: agents that can anticipate a user's needs — and fulfill them — before the user even knows what those needs are. One startup that's looking to make…
How will Chalmers' tax changes impact WA's 'original startup'?
Federal Treasurer Jim Chalmers has acknowledged growing concerns that changes to capital gains tax could impact Western Australia's mining industry – particularly mineral exploration, which has been labelled as the nation's “original…
Sam Altman Says OpenAI Will Exchange This Critical AI Asset for Startup Equity
Would you give up a percentage of your company for more AI ? OpenAI cofounder and CEO Sam Altman says he is offering $2 million in OpenAI API tokens to every startup in Y Combinator's current Spring 2026 batch, in exchange for an undetermined…
Cross the ditch? Startups told to 'do it in NZ' to dodge CGT
Prime Minister Anthony Albanese has spent the fourth anniversary of his election win defending the budget while New Zealand's finance minister encourages Australian business owners to cross the ditch to benefit from lower taxation. Labor's changes…
AI code quality startup Sonar buys AI code review startup Gitar
Automated code quality and security heavyweight SonarSource Sàrl said today it's buying a rival startup called Gitar Inc. that specializes in artificial intelligence-native code reviews. According to Sonar, the plan is to integrate Gitar's…
Digital Banking Startup Mercury Lands $200M At $5.2B Valuation Amid Fintech Funding Uptick
Digital banking startup Mercury has raised $200 million in a Series D round at a $5.2 billion valuation, the company announced Wednesday. That's up 49% from the $3.5 billion valuation it achieved when announcing its $300 million Series C —…
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Travel Fintech Startup Scapia Secures $63 Million Funding Round
Scapia has raised $63 million in a fresh funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47, as the travel-focused fintech looks to deepen its presence in India's fast-growing consumer travel…
Angel Investors Ontario Launches New Vision and Mission, Joins Canadian Startup Capital Association as A Member
TORONTO, May 21, 2026 /CNW/ - Angel Investors Ontario (AIO), the province's leading network of organized angel groups, today launched a new vision and mission for the organization, sharpening its focus on building the early-stage capital…
Code security startup Socket raises $60M in funding
Cybersecurity startup Socket Inc. today disclosed that it has raised $60 million in funding at a $1 billion valuation. Thrive Capital led the Series C round with participation from Andreessen Horowitz, Capital One Ventures and others. The…
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