Startups

Over the years, social media has moved further away from its original value proposition of being a network where you could keep up with close friends and family in a private space. Instead, today’s apps are entertainment giants, filled with creator content, multimedia and brand advertisements

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Circle, the issuer of the USDC stablecoin, has been sharpening its focus on Asia as it sees an opportunity for stablecoins to be a part of and bolster the evolving payments ecosystem in the region. “We're looking at how to grow a web3 business and support the broader web3 eco

Angels should have the same depth of understanding of the markets they invest in as the people who are working in the field, with fiduciary responsibilities to the people whose money they are investing. Angels have a broader set of reasons for investing, too: Maybe they want to help a friend out, o

Tugende, a venture-backed lender based in Uganda, and Warbler Labs, the company building Goldfinch, a decentralized credit protocol, have agreed on a loan restructuring plan that may lead to the recovery of the $5 million loan that the East African motorcycle taxi financing company defaulted months

When Silicon Valley Bank imploded in March, Sam Heshmati wasn't naive enough to think that First Republic Bank — where he had worked for more than a decade and helped launch their startup practice — wouldn't be affected. He recalls watching everything unfold at his former employ

It would be foolish to dismiss Latin America as a has-been after the past couple years of economic turmoil. Granted, the region is no longer minting unicorns at the pace it used to, but fewer SoftBank-backed high spenders in the region is not necessarily a bad thing, especially when there are so ma

It turns out that when you put together two AI experts, both of whom formerly worked at Meta researching responsible AI, magic happens. The founders of Patronus AI came together last March to build a solution to evaluate and test large language models with an eye towards regulated industries where

Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion. This round sticks out, particularly as many late-stage startups are seeing their valuations being slashed amid a wider funding slowdown. Databricks last rai

Mecho Autotech, a startup offering automotive spare parts, vehicle repairs and maintenance services, has raised a $2.4 million pre-Series A round. The firm targets the Nigerian market, where 90% of the country's more than 12 million registered cars (mainly used) require regular maintenance to a

Binalyze, a London-based startup building a toolset for digital forensics and incident response, this week announced that it raised $19 million in a Series A round led by Molten Ventures with participation from Cisco Investments, Citibank Ventures and Deutsche Bank Ventures. Founder and CEO Emre Ti

Europe-based The Exploration Company is gearing up to compete with in-space delivery providers SpaceX and Northrop Grumman, with the startup announcing this week that it had signed a preliminary cargo delivery agreement with private space station aspirant Axiom Space. Axiom agreed to purchase a ful

A clever new app called Slingshot is combining the serendipity of BeReal snaps with the friends-only photo sharing popularized by apps like Snapchat. But while the app’s inspirations are familiar, the way you interact with Slingshot offers something unique. As the name suggests, you pull down

Earlier this year, Disney, Shell, Gucci and several other big companies discovered that they had purchased carbon credits that were essentially worthless. A collaborative investigation alleged that Verra, the world's largest issuer of voluntary carbon credits, had sold credits for forests that