Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...
The UK Competition and Markets Authority has announced it is taking comments from others to see if the partnerships that Microsoft and Amazon have made with AI companies could harm competition.
The Innovate UK Fund has announced six winners to be awarded grant funding from the government totalling £1 million to jumpstart ‘AI in the music industry.’ Competition assessors agreed that AudioStrip would benefit and strengthen the UK music industry by saying “this is well planned, resourced, and researched innovation that can impact the business, market, […]
Navigating startup financing is complex. Entrepreneurs find themselves at the crossroads of innovation and survival, where a single decision can either fuel their dreams or extinguish their aspirations. Here we look at six ways you can finance your startup to support your business for long-term success.
The rest of the week is shaping up to be an active one with multiple chances for rain.Tuesday will start with sunshine, however clouds will build through the day with showers and thunderstorms likely in the 4:00 PM to 11:00 PM timeframe. Some thunderstorms may be strong with large hail and strong wind gusts as
The OpenAI Startup Fund, a venture fund related to — but technically separate from — OpenAI that invests in early-stage, typically AI-related companies across education, law and the sciences, has quietly closed a $15 million tranche. According to a filing with the U.S. Securities and Exchange Commission, two unnamed investors contributed the $15 million in […] © 2024 TechCrunch. All rights reserved. For personal use only.
The tech minister is urging semiconductor leaders to apply for funding through the soon-to-expire Chips Joint Undertaking. UK semiconductor companies and researchers are currently eligible to apply for access to a £5m funding pot for research. British firms gained access to the funding in March when the Department for Science, Innovation and Technology (DSIT) announced […]
NEWS BRIEF: Wondery, the Amazon-owned podcast studio that has adapted hit podcasts such as Dr Death, Joe vs Carole, The Shrink Next Door and WeCrashed into scripted television series, has launched its podcast subscription service Wondery+ in the UK.
AI computing firm Blaize said on Monday it has raised $106 million in funding, including from existing investors such as Mercedes-Benz and Temasek. Other existing investors such as Bess Ventures, Franklin Templeton and Denso, besides new investors such as Rizvi Traverse, Ava Investors and BurTech LP also participated in the fundraising, the company said in a statement, without disclosing the details on its valuation. The fundraise reflects the frenzy that had helped the AI sector attract a major...
The UK’s Competition and Markets Authority took aim at Microsoft and Amazon’s dealings with AI start-ups, inviting comment from market players to determine if recent partnerships have the potential to hurt competition in the country.
Tory MPs urging government not to restore funding despite UN’s roadmap, published on Monday, to make agency more transparentA plan due to be published today to improve the accountability and transparency of Unrwa, the UN relief works agency for Palestinians, is not expected to lead to a snap British decision to restore funding to the agency.Britain joined 18 other nations in suspending funding for the agency after Israel claimed that 12 of the 30,000 Unrwa staff had participated in the attack on...
Pune-based agritech firm Ecozen on Friday said it has raised $30 million (about Rs 250 crore) in a mix of equity and debt from existing investors including US-based global investment manager Nuveen.The debt support in the deal was fulfilled by InCred Credit Fund and U.S. International Development Finance Corporation through Ecozen’s exclusive advisor Setuka Partners, said a company statement.Ecozen said it has grown fivefold over the past two years, with a threefold increase in profit. The maker...