VCs are optimistic that AI investing will move beyond the hype in 2024

Artificial intelligence startups had a wild ride in 2023. Everyone and their grandmother tried out some sort of AI tool, startups in the space raised rounds at 2021 valuations, there were high-profile shutdowns, and then to close out the year, we had all the drama surrounding Sam Altman and OpenAI

The global venture capital market is not done retreating yet

Even though news of potential interest rate cuts has led to optimism that the IPO window might reopen and things might improve in startup land, it appears the global venture capital market has yet to level out: Early data from PitchBook indicates global VC investment in startups continued to slide

Nabla raises another $24 million for its AI assistant for doctors that automatically writes clinical notes

Paris-based startup Nabla just announced that it has raised a $24 million Series B funding round led by Cathay Innovation, with participation from ZEBOX Ventures — the corporate VC fund of CMA CGM. This funding round comes just a few months after Nabla signed a large-scale partnership with Perman

5 steps to ensure startups successfully deploy LLMs

ChatGPT's launch ushered in the age of large language models. In addition to OpenAI's offerings, other LLMs include Google's LaMDA family of LLMs (including Bard), the BLOOM project (a collaboration between groups at Microsoft, Nvidia, and other organizations), Meta's LLaMA, and Ant

Last year was a tough period for African growth-stage startups and 2024 presents a mixed bag

Last year presented a tough period for African tech startups. Venture capital was hard to bag (as predicted earlier), bridge and down rounds became the norm, and news of fire sales, layoffs and startup closures reverberated across the continent. With the overall amount of VC funding raised in Afric

Peak XV-backed MobiKwik seeks to raise $84 million in India IPO

Indian financial services startup MobiKwik seeks to raise about $84.2 million through issue of new shares in an initial public offering in the home market, it said in a draft prospectus filed with the local markets regulator Friday. This is the second time MobiKwik has filed the paperwork for an IP

The goal of a startup is to cease existing

In startup land, the life cycle of birth, growth and the inevitable leap of faith happens at a breakneck pace. Still, we occasionally fall into the trap of grieving the demise of these companies. My opinion? That's a poor move. The whole point of a startup is to build something enduring. A corp

This startup is bringing a ‘voice frequency absorber’ to CES 2024

CES has always been the place for weird, out-there gadgets to make their debuts, and this year’s show is no exception. Skyted, a Toulouse, France-based startup founded by former Airbus VP Stéphane Hersen and acoustical engineer Frank Simon, is bringing what look like a pair of human muzzles

Exponent Founders Capital, led by Plaid and Robinhood alums, raises $75M to invest in early-stage startups

Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, technewss is the first to report.  The firm, which is emerging from stealth today, raised $50 million for its first fund in Nov

AI-powered search engine Perplexity AI, now valued at $520M, raises $73.6M

As search engine incumbents — namely Google — amp up their platforms with GenAI tech, startups are looking to reinvent AI-powered search from the ground up. It might seem like a Sisyphean task, going up against competitors with billions upon billions of users. But this new breed of sear

Ask Sophie: What changes are in store for PERM?

Sophie Alcorn, attorney, author and founder of Alcorn Immigration Law in Silicon Valley, California, is an award-winning Certified Specialist Attorney in Immigration and Nationality Law by the State Bar Board of Legal Specialization. Sophie is passionate about transcending borders, expanding opport

Building a strong startup developer culture requires constant adjustment

Most tech startups are born from a few early engineers building the company's initial product. As those first builders work together, they begin to establish a developer culture — sometimes deliberately, sometimes not. At Web Summit in Lisbon in November, two founders discussed the importanc

Short-term rental provider Frontdesk lays off entire staff, on the verge of shutting down

Another proptech startup has run into trouble. Frontdesk, a startup that managed more than 1,000 furnished apartments across the United States, laid off its entire 200-person workforce Tuesday after attempts to raise more capital failed, technewss exclusively learned from sources familiar with int

Former Anthemis partner soft-launches new fintech-focused venture firm

Ruth Foxe Blader has left her role as partner at Anthemis Group after nearly seven years to start her own venture firm, Foxe Capital, technewss learned exclusively today. Blader is joined by former Anthemis investment associate Kyle Perez. Sophie Winwood, a former principal at Anthemis, is servin