Foreign exchange fluctuations can make or break a business that trades across borders, but trying to respond to that can be tricky if you’re anything smaller than the world’s largest enterprises. Today, a startup called Grain is emerging from stealth with a product it said will let finance teams from companies of any size better […]
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Here’s a blast from the past: Digg, one of the web’s early news aggregators, is now back under the ownership of original founder Kevin Rose. Notably, he’s joined as co-owner by Reddit co-founder Alexis Ohanian (both pictured above). Digg and Reddit were once fierce rivals in the online social news aggregation space, launching within a […]
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The SoftBank-backed chipmaker has signed an agreement with the Malaysian government to bolster the country’s chip design ecosystem.
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Apple is challenging a U.K. Government data access order in the Investigatory Powers Tribunal (IPT), the Financial Times reports. The order targeted iCloud backups that are protected by end-to-end encryption. Last month, press leaks revealed the existence of the January order asking Apple to build a backdoor in iCloud’s encrypted backups. U.K. officials are exercising […]
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Darwinbox, an Indian startup building a SaaS platform for hiring, onboarding and employee administration, has raised $140 million to take on the likes of Rippling and Deel as it seeks to expand internationally, especially in the U.S. The funding is being co-led by KKR and Partners Group, and is a mix of primary and secondary […]
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A U.K. startup, originating from founder Jacob Nathan’s high school science project on using enzymes to break down plastic waste, has secured an oversubscribed $18.3 million in Series A funding. Founded in 2019 in London, Epoch Biodesign now a 30+ strong multidisciplinary team of chemists, biologists and software engineers. It will be using the new […]
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Nvidia-backed data center company CoreWeave has acquired AI developer platform Weights & Biases for an undisclosed sum. According to The Information, CoreWeave spent $1.7 billion on the transaction. Weights & Biases was valued at $1.25 billion in 2023, and it recently filed for an IPO. Lukas Biewald, Chris Van Pelt, and Shawn Lewis founded Weights & Biases […]
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EcoDataCenter, a Swedish company that builds eco-friendly data centers used by major compute providers to handle their AI traffic, has raised nearly half a billion dollars — $478 million (€450 million) to be exact — in anticipation of more demand. The equity funding, which is coming from a group of unnamed institutional investors, will be […]
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Last October, Meta dipped its toe into the world of facial recognition — an area where it has had a tricky record — with an international test of two new tools: one to stop scams based on likenesses of famous people, and a second facial recognition feature to help people get back into compromised Facebook […]
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Defense tech startup Epirus has raised a $250m Series D to expand its counter-drone solutions.
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