News & Press
Follow our news portal and stay up to date with all startup and venture news
Greenely Secures €8M Funding to Expand Reach and Drive Europe’s Energy Transition
Greenely, a Swedish energy tech startup, has secured €8 million in Series A funding to expand its energy management platform to neighboring Nordic countries. The funding round, which is approximately $8.7 million at current exchange rates, was led by Belgian investment company Korys, with participation from existing investors Luminar Ventures and other shareholders. Greenely serves […]
IT Outage at CrowdStrike Underscores Crucial Need for Cyber Resilience
A content update released by CrowdStrike late Thursday caused widespread outages across Microsoft Windows systems, affecting essential services worldwide. The update, aimed at enhancing the Falcon Sensor’s threat detection, inadvertently triggered a Windows blackout, impacting numerous industries and leaving hundreds of thousands of travelers stranded. Immediate Global Impact The outage was first noticed in Australia, […]
AI Evolution: Hugging Face, Nvidia, and OpenAI Pioneering Small Language Models
Three major players in artificial intelligence unveiled compact language models this week, signaling a major shift in the AI industry. Hugging Face, Nvidia in partnership with Mistral AI, and OpenAI have each released small language models (SLMs) that promise to democratize access to advanced natural language processing capabilities. This trend marks a significant departure from […]
Kindo Secures $20.6M Funding to Enhance Enterprise AI Security
Kindo, a Venice Beach, California-based company, recently announced that it has secured $20.6 million in funding. The funding round was led by Drive Capital, with participation from existing investors including RRE Ventures, Marlinspike Partners, Riot Ventures, Eniac Ventures, New Era Ventures, and Sunset Ventures. Additionally, Kindo has acquired WhiteRabbitNeo, an open-source security project. Key Points […]
Google’s Kurian in $23B Wiz Deal, Source Says It Could Close in a Week
Alphabet, Google’s parent company, is reportedly in advanced negotiations to acquire Wiz, a cybersecurity startup, for $23 billion. This information comes from a person close to the company who shared details with TechCrunch. The potential deal was initially reported by The Wall Street Journal. Rapid Growth and Strategic Appeal Wiz, founded in 2020, has experienced […]