Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week reminded us that creative accounting doesn’t only happen in Hollywood. Some hopes were dashed, but startups are delivering on all sorts of promises, from nuclear […]
Startups Weekly: Mercury more than doubled its valuation, and other news Read More »
OpenAI is reportedly nearing completion of a massive $40 billion funding round, with SoftBank leading the way. But this week, it wasn’t just the company funding news making headlines— its new image generator went live in ChatGPT, with capabilities including the ability to turn ordinary images into Studio Ghibli-style animation stills. While AI-generated art often
OpenAI is aiming for AGI but landing on Studio Ghibli Read More »
When British doctor Ahmed Kerwan began working as a physician, the paperwork burden shocked him. On some days, he would spend only three hours actually caring for patients, with the rest of his workday spent on things like dealing with insurance claims. There are already dozens, perhaps hundreds, of startups using AI to reduce the
YC-backed Taxo raises $5M to slash healthcare admin with its AI ‘reasoning engine’ Read More »
Krafton, South Korea’s gaming giant known for titles including PUBG: Battlegrounds and Battlegrounds Mobile India (BGMI), has acquired a controlling stake in 12-year-old Indian gaming studio Nautilus Mobile for $14 million in an all-cash deal. On Friday, the South Korean gaming company confirmed to TechCrunch that it has acquired a “north of 75% stake” in
Krafton acquires controlling stake in Indian gaming studio Nautilus Mobile for $14M Read More »
Certification platform Certiverse raised an $11 million Series A led by Cherryrock Capital, it announced this week. The company was founded by Ruben Garcia, Pablo Meyer, and Federico Lopez in 2023. It lets organizations develop certification exams at, its founders say, far less cost than traditional methods. Certifications are an age-old method to gain technical
Certification platform Certiverse nabs $11M Series A led by Cherryrock Read More »
A fledgling open-source startup that’s setting out to tackle API sprawl in the GraphQL ecosystem has secured the backing of e-commerce giant eBay. WunderGraph, as the company is called, today said it has raised $7.5 million in a Series A round of funding to “scale its open source GraphQL federation.” Investors include eBay’s VC arm
Ebay backs WunderGraph to build an open-source GraphQL federation Read More »
Digital banking startup Mercury has raised $300 million in primary and secondary funding at a $3.5 billion post-money valuation, the company confirmed to TechCrunch on Wednesday. The valuation is more than double the startup’s valuation when it last raised capital – a $120 million Series B round in 2021 that valued the company at $1.62
Fintech Mercury lands $300M in Sequoia-led Series C, doubles valuation to $3.5B Read More »
A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024. Source
A comprehensive list of 2025 tech layoffs Read More »
AI chipmaking company Cerebras Systems’ IPO is delayed again as the public listing’s national security review drags on. Cerebras, which originally filed its intent to IPO in September 2024, thought the incoming Trump administration would help it breeze through its national security review, according to Reuters. That hasn’t been the case. The White House has
Cerebras Systems’ IPO is further delayed Read More »
Don’t call it a Bluesky conference. Over the weekend, the first in-person gathering devoted to those building with the AT Protocol, or atproto — the technology that powers Bluesky’s growing social network of 33 million-plus users — was held in Seattle. At the event, developers, engineers, founders, and even members of the Bluesky team, including
