Startups

Musk raises $6B for AI startup. Also, is TikTok dodging Apple’s commissions?

Welcome to Startups Weekly — Haje’s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Musk’s 10-month-old baby, xAI, is closing in on a whoppin’ $6 billion funding round. The social network X, née Twitter — also part of Elon’s tech […]

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Despite recent successes, IPO market still won’t fully open until 2025

This year already proved that startups are willing to go public in a less-than-ideal market — and get rewarded for it, too. But bankers, lawyers and investors said the recent IPO successes aren’t enough to foster more than a dozen tech IPOs this year. “I don’t think we will have the floodgates open like I

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Midi is building a digital platform for an oft-overlooked area of women’s health

When Joanna Strober was around 47, she stopped sleeping. While losing sleep is a common symptom of perimenopause, she first had to go to multiple providers, including driving 45 minutes out of San Francisco to pay $750 out of pocket, to get that diagnosis and proper treatment. “That feeling of wow, I’ve really been suffering

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Givebutter is turning a profit making tech for nonprofits

Givebutter started in a George Washington University dorm room in 2016 as a software solution to make nonprofit fundraising more transparent and fun. Eight years later, the company is profitable and it just raised $50 million to scale as momentum for nonprofit-focused startups appears to be growing. The company’s co-founder and CEO, Max Friedman, fundraised

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Rubrik’s shares end trading up almost 16% on the company’s public debut

Rubrik shares hit the New York Stock Exchange Thursday, debuting at $38 a share. The cybersecurity company priced its shares at $32 apiece Wednesday night, just a hair over its initial target range of $29 to $31 after raising $752 million. This share price gives Rubrik a fully diluted valuation of $6.6 billion, up 88%

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RevenueCat raises $12M Series C as it expands its subscription management to the web

RevenueCat, a top subscription management platform for apps that monetize via in-app purchases, is now flush with new capital as it expands to the web. The company has closed on a $12 million Series C led by Adjacent, following the launch of a new product, RevenueCat Billing, that allows web app developers to integrate subscription

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Petlibro’s new smart refrigerated wet food feeder is what your cat deserves

Ding, ding, ding! Dinner is served. Fresh out of the cold tin can. Petlibro, a pet tech startup that designs automatic food and water dispensers for cats, launched its first refrigerated smart feeder on Thursday. The company’s new “Polar Wet Food Feeder” aims to solve a widely known problem among pet owners: how to keep

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Fintech gaming startup Sanlo’s webshop tool could help developers avoid costly app store fees

Sanlo, a fintech startup that helps gaming companies manage finances, announced Wednesday the closed beta launch of its webshop tool, giving select game developers and studios a plug-and-play solution that works alongside their existing tech stacks. Gaming companies can sign up for a demo starting today. With Google and Apple charging a 30% fee for

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Diddo’s new funding will bring its shoppable TV API to streaming platforms

Diddo is an API for streaming services and other platforms to integrate shoppable videos, enabling consumers to buy their favorite characters’ clothing and accessories directly on their screens. The company announced Wednesday that it raised $2.8 million in seed funding. Diddo was founded in late 2022 by Rishi Nair, Ryan Sullivan and Pamela Chen, and

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Live selling startup CommentSold uses AI to generate shoppable, social-ready clips

CommentSold, the e-commerce tech startup that provides web and video tools to online retailers, launched a new generative AI–powered tool on Wednesday that can sift through livestreamed footage and generate short product explainer videos for sellers to post to their website, app and social media platforms. The “AI ClipHero” feature creates short clips from livestreamed

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