Category startups Page 4 of 9
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Micromobility Rivals Tier and Dott Announce $65M Merger
Tier Mobility and Dott, two leading shared micromobility operators in Europe, have announced a merger backed by $65 million (€60 million) in fresh investment. The combined entity will retain both brand names while consolidating operations in a quest for profitability.
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Isomorphic Inks $3 Billion in Deals to Apply AI for Drug Discovery
Isomorphic Labs, a London-based startup spun out from DeepMind’s research team, has signed two major partnerships with pharmaceutical leaders Eli Lilly and Novartis. The deals, collectively valued around $3 billion, will have Isomorphic leverage state-of-the-art AI to accelerate the drug discovery process.
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Intel Bets Big on AI with New GenAI Enterprise Software Spinout
Intel is making waves in the world of artificial intelligence, spinning out a new startup focused entirely on delivering AI solutions tailored for the enterprise. Dubbed Articul8 AI, this new company has backing from investment firms like DigitalBridge and aims to bring the power of generative AI to businesses across industries.
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New AI Search Startup Perplexity Attracts Bezos Backing to Take on Google
Google has dominated online search for well over a decade, but the rapid recent advances in artificial intelligence may soon pose the first real challenge to its supremacy. AI-powered search engine startup Perplexity announced $200 million in new funding this week from backers including Amazon founder Jeff Bezos, pushing its valuation to over $500 million.
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GIN E-Bikes Powers Up With €580k to Electrify Biking
London-based startup GIN E-Bikes just tapped a fresh €580k funding round to shift its innovative hybrid bikes into overdrive. The joint Ukrainian-Indian founded company designs e-bikes purpose-built for long distance travel across urban landscapes. With the new capital injection courtesy of Ukrainian VC firm Toloka.vc, GIN aims to energize manufacturing and meet surging demand for its unique two-wheelers.
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Scooter Unicorn Clips its Wings. The Cautionary Tale of Bird’s Bankruptcy
Bird, the electric scooter darling once soaring at a $2.5 billion valuation, has fluttered to the ground. This former startup unicorn now seeks shelter in bankruptcy, serving as a sobering reminder amidst the micromobility mania.
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Startup SEIDA and China's Push for Microchip Prowess
A recent Reuters investigation highlights China’s aggressive efforts to achieve self-reliance and supremacy in advanced microchip technology, despite US attempts to contain its progress. The report profiles a new Chinese startup, SEIDA, which aims to sell highly specialized chip design software previously monopolized by Western firms.
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Vestwell Supercharges Workplace Savings Momentum with $125M Round
Vestwell is riding high after securing a hearty $125 million funding injection to further expand its workplace savings platform. The fintech star provides employers infrastructure to offer critical retirement and other savings programs to employees. And Vestwell is winning big by simplifying legacy offerings to provide a modern, personalized savings experience.
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SolarDuck Flies High on €15M Funding for Floating Solar Expansion
Innovative Dutch-Norwegian startup SolarDuck secured a €15 million investment this month to scale up development of its unique offshore floating solar technology. The capital infusion comes from both existing and new backers, including impact fund Katapult Ocean and green energy investor Green Tower. It will rocket SolarDuck’s global growth as demand for renewable energy assets surges.
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Podimo Secures €44M to Champion Spoken Audio Future
Leading European podcast and audiobook platform Podimo cemented its ambitious growth trajectory this month with a €44 million cash infusion. The latest funding round draws support from prominent Danish trade and investment institutions plus private equity firms. It empowers Podimo’s quest to transform the creator economy while spearheading innovation across spoken audio entertainment.