Canva, the Australian graphic design platform with over 190 million monthly users, announced Monday that it plans to acquire Leonardo.AI, a popular Australian image generation startup that has raised nearly $39 million in funding, and would integrate its models into Canva’s generative AI tools. Upon hearing the news, I immediately recalled that the startup had […]
Ukrainian startup Esper Bionics makes cyborgs a reality
Support independent journalism in Ukraine. Join us in this fight. Become a member Support us just once Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With […]
Claudette McGowan closes $10-million Series A for cybersecurity startup Protexxa
Startup claims round is the largest secured by a Black woman founder in Canada. Toronto-based cybersecurity startup Protexxa says it has set a “new achievement” in Canada with the closing of its $10 million CAD Series A round. Protexxa said the new capital will be used on its platform as well as growing its […]
Cyber security startup Wiz reportedly rejects $23 billion acquisition proposal from Google
NEW YORK (AP) — Wiz has rejected a reported $23 billion acquisition proposal from Google parent Alphabet — as the cybersecurity startup pivots back to a previously-planned initial public offering, according to a company memo seen by CNBC and others. That ends the prospect of what would’ve been the most expensive acquisition in Google’s 25-year […]
Cybersecurity Startup Protexxa Closes $10M Series A, Largest Round Secured by a Black Woman Founder in Canada
The company’s AI platform helps organizations and their employees find and fix critical cybersecurity gaps TORONTO, July 23, 2024 /CNW/ – Protexxa, one of the fastest-growing cybersecurity companies in the country, has announced the successful close of its second funding round. Founded by global information technology and cybersecurity executive, Claudette McGowan, the company’s AI-powered platform, […]
Chinese EV startups are spending more on research than Tesla is
Nio’s second factory in the city of Hefei has around 2,000 human workers and 756 robots. CNBC | Evelyn Cheng BEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis of the four automakers’ first-quarter earnings. It’s a strategy for survival in […]
Software Firm Vanta Has Raised New Funding At $2.5 Billion Valuation
Ohio-born Christina Cacioppo, cofounder and CEO of Vanta, has led the software startup to a more than $2 billion valuation. She’s one of America’s richest self-made women. Katie Thompson Christina Cacioppo built her software startup Vanta around Midwestern values like thriftiness and not having a big ego–buying its coffee from Costco in bulk and not […]
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New ‘Butter’ Made From Carbon Dioxide Tastes Like the Real Dairy Product, Startup Says
A new butter alternative uses synthetic fat to create taste of dairy butter without the need for cows. Peter Cade via Getty Images Humans have been craving fatty foods for some four million years—a desire that could explain why most consumers continue to prefer animal products to vegan alternatives, putting high expectations on the flavor of […]
Ex-TV host Carlos Watson convicted in trial over collapse of startup Ozy Media
NEW YORK (AP) — Former TV personality Carlos Watson was convicted Tuesday in a federal financial conspiracy case about Ozy Media, an ambitious startup that collapsed after another executive impersonated a YouTube executive to hype the company’s success. Brooklyn federal prosecutors announced on the social platform X that a jury found Watson guilty of all […]
Meet Briefly Bio, The British Startup Aiming To Get Scientists Sharing
Briefly Bio aims to help scientists move their research forward more quickly Briefly Bio Scientific advances are built on collaboration: when breakthroughs are achieved, those responsible almost always acknowledge they are “standing on the shoulders of giants”. Yet with experimentation in fields such as biology and drug development becoming ever more complex, the principle of […]