STARTUPS
Straight out of Shark Tank: Vibe Gaming secures investment from Adcomm
Vibe Gaming, a Bangladesh-based video gaming and electronics retailer, has secured strategic investment from Adcomm Holdings on November 28 following their pitch on Shark Tank Bangladesh.
India’s Zomato raises $1 billion to strengthen quick-commerce leadership
Zomato, one of India's leading food delivery and quick-commerce companies, has raised $1 billion through institutional investors in its first major funding round since its 2021 IPO.
AI firm Nebius secures $700 mln investment from Nvidia and others
Nebius Group, an artificial intelligence (AI) infrastructure company, has recently announced that it has raised $700 million in a private funding round led by Nvidia, venture capital firm Accel, and accounts managed by Orbis Investments, according to a recent report by Reuters.
EV charging platform Ampeco secures $26 mln in Series B
Ampeco, an electric vehicle (EV) charging software solution provider, has recently raised $26 million in a Series B funding round led by Revaia, an investment company.
Amazon invests additional $4 bln in AI startup Anthropic
Amazon has poured another $4 billion into Anthropic, the artificial intelligence startup behind the chatbot Claude. This new funding doubles Amazon’s total investment in the startup to $8 billion.
Tally recognises 25 individuals in MSME Honours 2024
Tally Solutions, a business management software provider, concluded the fourth edition of Tally MSME Honours 2024 in Bangladesh announcing 25 winners in 5 categories on 14 November at Capital’s Raddison Blu Water Garden Hotel.
Co-founder Greg Brockman returns to OpenAI
Greg Brockman, co-founder of ChatGPT parent OpenAI, has rejoined the artificial intelligence powerhouse three months after stepping down from his role as president.
Perplexity to near $9 bln valuation in new investment round: report
Perplexity AI, a California-based search startup, is close to raising $500 million in new funding, which would value the company at around $9 billion. The latest funding round will be led by venture capital firm Institutional Venture Partners (IVP), which also has a seat in the startup.
OpenAI to shift from non-profit to for-profit company: report
OpenAI, the company behind the popular ChatGPT, is reportedly in discussions with the California attorney general’s office to change its corporate structure to a for-profit model, according to Bloomberg News. This potential shift would mark a significant change for OpenAI, which was originally established as a non-profit research organisation in 2015.
Actor Olivia Wilde launches VC firm
Actor and director Olivia Wilde, known for her roles in Tron: Legacy and Don’t Worry Darling, has taken on a new role as a venture capitalist, reports Bloomberg.
OpenAI Chairman's AI startup receives $175 mln funding
Sierra, a Silicon Valley-based AI startup co-founded by Bret Taylor, former Salesforce co-CEO and current OpenAI Chairman of the Board, has secured $175 million in a new funding round, giving the startup a $4.5 billion valuation.
Perplexity AI in talks to raise valuation to $8 billion in new funding round
Perplexity AI, the artificial intelligence company backed by Jeff Bezos, has entered fundraising talks to more than double its valuation to over $8 billion, according to a report by The Wall Street Journal.
EU partners with venture capital firms to boost regional tech investment
The European Union announced a new partnership with leading venture capital firms on Monday, aiming to accelerate investment in tech innovation across Europe. T
Bangladeshi startup Jatri enters Saudi and UAE markets
Jatri, a Bangladeshi multi-modal travel platform, is entering the Gulf Cooperation Council (GCC) market, beginning with Saudi Arabia and the UAE, through the launch of 'Saafir.'
Toyota invests $500 mln in electric air taxi startup
Toyota has made a $500 million investment in Joby Aviation, a California-based startup focused on developing electric air taxis, according to a recent blog post by Toyota.
“Godmother of AI” raises USD 230 mln for AI startup
An artificial intelligence researcher, Fei-Fei Li also nicknamed as the “Godmother of AI” has raised USD 230 million for AI startup “World Labs” along with her three colleagues to develop AI technology that can comprehend how the three-dimensional physical world works, the company announced on Friday.
Bangladeshi Stanford graduate’s AI startup receives $750K funding
Story Engine Inc., an AI startup co-founded by Bangladeshi Stanford graduate Sheikh Srijon, has received $750,000 in pre-seed funding from the reputed venture capital firm Andreessen Horowitz (A16Z). The startup, founded by Sheikh Srijon, Zhizhuo Zhou, and Wanrong He, aims to revolutionise the realm of webtoon and anime creation through generative AI technology.
Optimizely earns 'Great Place To Work' certification
Optimizely earns 'Great Place To Work' certification, celebrates culture of innovation and employee well-being