funding

TigerBeetle is building database software optimized for financial transactions

Fintech /

After doing some consulting for Microsoft to develop protections against zero-day exploits, software engineer Joran Dirk Greef worked with Coil, a web monetization startup in San Francisco, to help build its payments infrastructure. At the time, Coil was using a traditional database to store and process transactions. But Greef had the insight that a specialized […]

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Cohere raises $500M to beat back generative AI rivals

Fundraising /

Cohere, a generative AI startup co-founded by ex-Google researchers, has raised $500 million in new cash from investors including Cisco, AMD and Fujitsu. Bloomberg says that the round, which also had participation from Canadian pension investment manager PSP Investments and Canada’s export credit agency EDC, values Toronto-based Cohere at $5.5 billion. That’s more than double

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Deepfake-detecting firm Pindrop lands $100M loan to grow its offerings

Security /

The threat of deepfakes is growing as the AI tools to create them become widely accessible. There was a 245% increase in deepfakes worldwide from 2023 to 2024, an uptick spurred in part by coming election cycles, according to verification provider Sumsub. It’s also affecting the corporate sector; a recent Business.com survey found that 10%

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YC-backed CrowdVolt shakes up the secondary ticket market with its bid-ask model

Startups /

The current secondary ticket exchange system is fraught with several issues, such as tickets being resold at prices much higher than their face value, exorbitant fees and other additional costs. Not to mention the risk of purchasing counterfeit or invalid tickets, resulting in a disappointing user experience.  CrowdVolt wants to disrupt the space with its

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Adaptive builds automation tools to speed up construction payments

Fundraising /

The construction industry has a slow payments problem. Studies have found that it takes anywhere from two to three months on average for construction companies to get paid, due to factors such as delays, multiple payment layers and cost overruns. The cost of sluggish construction contract payments climbed to $273 billion in 2023, representing 14%

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As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently

Climate /

Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to

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Beauty tech startup Boldhue raises capital to ship its ‘Keurig for makeup’

Hardware /

Have you ever wanted a personalized makeup dispenser? Well, Boldhue‘s co-founder and CTO Karin Layton has built just that: A device that aims to be the “Keurig for makeup.” Boldhue’s device essentially scans your face and dispenses a customized foundation formula that matches your skin tone. The beauty tech startup on Tuesday said it had

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Amazon hires founders away from AI startup Adept

AI /

Adept, a startup developing AI-powered “agents” to complete various software-based tasks, has agreed to license its tech to Amazon as the startup’s co-founders and portions of its team join the ecommerce giant. Geekwire’s Taylor Soper first reported the news. According to Soper, Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders

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