Startup Industry News
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Autonomous driving startup turns its AI expertise to space for automated satellite operation
Hungarian autonomous driving startup AImotive is leveraging its technology to address a different industry and growing need: autonomous satellite operation. AImotive is teaming up with C3S, a supplier of satellite and space-based technologies, to…
Slack Acquires Corporate Directory Startup Rimeto, Plans To Operate It As Standalone App
Marc Olivier Le Blanc for Rimeto Slack is getting into the corporate directory business through an acquisition the publicly-traded collaboration company says it will operate as its first additional standalone app. Slack announced on Wednesday it is…
K4Connect, a startup bringing tech to senior living centers, closes its $21M Series B
K4Connect, a startup focused on bringing new technologies like voice assistance, home automation, digital messaging and more to older adults and those living with disabilities, has closed on $21 million in Series B funding. The B round had…
IT pros indicted after arranging credit card payments for weed startup
On March 9, 2020, a German IT consultant named Ruben Weigand had a layover in Los Angeles as he traveled from Switzerland to Costa Rica. He never made it to his destination because US authorities arrested him as he was changing planes. The feds say…
Anthem's pharmacy benefit manager snapped up pharma startup Zipdrug
This story was delivered to Insider Intelligence Digital Health Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Digital Health industry with the Digital Health Briefing.
Raleigh startup K4Connect gets multi-million dollar injection from investors
Raleigh-based K4Connect, one of the fastest-growing startups in the Triangle, said Wednesday that it had landed a large injection of cash from investors. The money, which completes a $21 million round of new cash for the company, comes as…
Meet Peggy Johnson, the Microsoft and Qualcomm veteran who's been tapped to turn failing mixed-reality startup Magic Leap into a success
Peggy Johnson, Microsoft's head of business development, is leaving the company to become CEO of Magic Leap. Johnson, who will start work in August, is known for helping Microsoft build — and often repair — business relationships, and…
With social media in tumult, startup Parler draws conservatives
Amid rising turmoil in social media, recently formed social network Parler is gaining with prominent political conservatives who claim their voices are being silenced by Silicon Valley giants. Parler, founded in Nevada in 2018, bills itself as an…
Check out the pitch deck security startup PQShield used to raise $7 million in funding to fight quantum hacking
Post-quantum cybersecurity startup PQShield has raised close to $7 million in a funding round backed by Kindred Capital and Crane Venture Partners. The post-quantum cryptography market is expected to be worth close to $4 billion globally by 2028…
How my startup was born out of frustration
About seven years ago, as the COO of a financial services firm, I got pissed off. My company had a very simple service level agreement (SLA) with its clients: we would complete all of their financial transactions within three seconds. Period. And…
Salesforce cloud backup startup OwnBackup raises $50M
Salesforce.com cloud backup startup OwnBackup Ltd., a cloud backup firm centered on Salesforce.com Inc.'s platform, said today it has raised $50 million in new funding to accelerate product development and sales efforts. The Series D round was led…
This Startup Is on a Quest to Make Decentralized Exchanges Viable for Pros
The founders of the Vega Protocol believe that the concept of order book-based decentralized exchanges is not quite dead yet. A key component of their quest to reinvigorate the concept was announced on Wednesday as a research paper. Titled…
VCs just poured $5.4 billion into startups forging the future of healthcare. Here are the 11 top digital health startups that took home the most cash.
Verana Health Vernana collects massive amounts of data from medical associations like the American Academy of Ophthalmology so that researchers and life science groups can analyze it. One product gives physicians a list of patients best suited for…
Startup funding down 29% in first half of 2020: Tracxn
Startup funding dropped by 29% in the first six months of 2020 to $4.2 billlion compared to $5.9 billion in the corresponding period last year, due to the impact of the coronavirus pandemic, according to data by venture capital industry tracker…
Zambian fintech startup receives $1-million investment
Showmax has announced the launch of Showmax Pro, which will let users stream certain live sport events from SuperSport — but the service isn't… Takealot caught the attention of South Africans overnight as users noticed that the…
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