As the generative AI craze rages on, Ramp acquires customer support startup Cohere.io

Want more fintech news in your inbox? Sign up here. Finance automation company Ramp has acquired Cohere.io, a startup that built an AI-powered customer support tool, the companies told technewss exclusively. Founded in 2020, New York-based Cohere.io (not to be confused with Cohere,

Glean operational advice from Airbnb and Instacart at TC Disrupt 2023's Builders Stage

What does it take to turn an unknown startup into a household name? The ability to scale. It's the Holy Grail that every early-stage startup founder chases. Scaling internal operations may lack the glamor of funding rounds and founder profiles, but it's essential heavy lifting for startup s

BentoML scores $9M funding to expedite AI app development

The success of large language models like GPT has sparked a frenzy of developers eager to make AI-powered applications. But building AI services can be tricky, especially due to the shortage of skilled developers to meet the rising demand these days. That’s where Chaoyu Yang, an early softwar

French VC firm Frst reaches $80 million first close for its new seed fund

Frst, the Paris-based VC firm with no vowel in its name, is in the process of raising its second fund. The firm has already reached a first closing of €72 million (nearly $80 million at today's exchange rate). And if there's one thing to say about this new fund it's that business is a

utu raises $33M to help travelers get more from tax-free shopping

utu, a travel tech company that helps flyers get more out of their tax-free shopping, announced today it has raised a $33 million Series B from investors, including SC Ventures. utu also announced it has acquired CardsPal, a Singapore-based fintech that offers deals and promotions nearby to users.

Did this one feature entice Robinhood to acquire X1?

Welcome back to The Interchange! If you want this in your inbox, sign up here. We’re back after a brief hiatus, with lots of fintech news, including Robinhood’s latest acquisition, Plaid’s newest product and a ChatGPT-powered AI tool that aims to help you save money on bills. R

Keeping tabs on dry powder and university spinouts

W elcome to the technewss Exchange, a weekly startups-and-markets newsletter. It's inspired by the daily technewss+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. The start of a new season is always a good time to revisit past predictions and look for new t

Deal Dive: Caraway shows what else digital health can do

Access to healthcare has long been an issue in the U.S., but the sheer magnitude of the problem became apparent during the early days of the COVID-19 pandemic. Numerous digital health startups stepped in to address the plethora of issues, and for a few quarters, VCs flocked to back them. Many of th

When AI bots pose as humans

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday afternoon. This week, I've been doing a lot of thinking about the implications of artificial intelligence. One of the most fragile parts of the puzzle is the training data. We already know that you can see if your ima

The 3 stages of building world-class growth funnels

Don't reinvent the growth funnel. There's more than a decade of growth marketing now behind us. Thousands of startups have experimented with infinite variations and tweaks to their growth funnel, so why should you try to reinvent the same foundation? The most important aspec

Students: Disrupt offers affordable passes and big benefits

If you're a student hell-bent on making your mark in the startup world, then you must go to technewss Disrupt 2023, taking place September 19–21 in San Francisco. Even better for budget-strapped students — it's an affordable stop on your path to building your startup empire. Why buy no

Byju’s key investors confirm board exits

Prosus, Peak XV Partners and Chan Zuckerberg Initiative confirmed Friday that their representatives have resigned from the board of Byju’s, India’s most valuable startup that is also reeling from the departure of its auditor Deloitte this week. The board members’ resignations 

Forcite seeks the smart helmet success that Skully squandered

Whither, Skully? The Indiegogo darling of a smart helmet company made all sorts of promises in 2014 and even shipped a few lids to early backers before getting lost on the way to market and disappearing into a cloud of misplaced hype and undelivered promises. Nearly a decade later, another company

India ordered an investigation into Byju’s days before auditor and board members resigned, report says

India’s corporate affairs ministry ordered an investigation into edtech startup Byju’s last week, television news channel CNBC-TV18 reported Friday, further complicating matters at the most valuable Indian startup that lost its auditor and three board members on Thursday. The ministry h