startup

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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M&A activity heats up with Wiz, Graphcore, etc.

Startups /

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups.  Most interesting startup stories from the week Shortly after Google parent Alphabet reportedly abandoned its ambitions to purchase online marketing software company HubSpot, the tech giant decided to pursue another big acquisition. This time, Google is in

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Tribe AI raised venture capital to keep up with demand after six years of bootstrapping

AI /

When Jaclyn Rice Nelson and Noah Gale launched AI talent and services company Tribe AI in 2019, they had to convince companies that having an AI strategy mattered. After the release of ChatGPT in 2022 and the AI mania it ushered in, the startup has experienced a “massive boom” in demand, Gale told TechCrunch. Rice

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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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Campus wants to crack the code to get community college to work for everyone

Fundraising /

Community colleges aren’t immune from the current reckoning higher education is facing. Student enrollment is declining while institutions keep raising tuition prices which can prevent students from finishing their programs. Clearly, it’s time for the industry to try something new. Tade Oyerinde thinks startups can help. Oyerinde is the founder and CEO at Campus, a

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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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