Category: business
Archives
July 2026 Sees 40 New Unicorns, Highest Monthly Count in 4 Years
A record 40 companies joined the unicorn board in July 2026, the highest monthly total in four years, with AI and robotics leading the way....
20 lakh consumer complaints filed against e-commerce platforms in five years
5.1 lakh consumer complaints were filed in 2025 alone, with Flipkart and Amazon topping the list at 1.33 lakh and 91,248 complaints respectively....
Female-led UK FinTechs Cashflows and Tap & Go join forces
Two female-led UK FinTechs, Cashflows and Tap & Go, are joining forces as Cashflows invests in Blackpool-based Tap & Go to expand payment solutions....
Weekly funding round-up: European startups tracked August 10-14
A look at the week's European startup funding activity from August 10 to August 14, highlighting deals and trends across the continent's tech ecosystem....
Mistral secures enterprise backing from ASML and Amadeus for data center buildout
Mistral secures commitments from ASML, Amadeus, and others to fund its gigawatt-scale data center buildout across Europe, positioning itself as a neocloud provider....
UK spinout investor Northern Gritstone opens San Francisco office
Northern Gritstone, a UK investor backing northern university spinouts, is opening a San Francisco office to tap US capital and business networks....
The Pulse: Bending Spoons' Acquisition Strategy
Bending Spoons has acquired StreamYard from Hopin, continuing its strategy of buying struggling brands, cutting staff, and operating them efficiently for profit....
Stripe Reportedly to Acquire OpenRouter for Over $7 Billion
Stripe reportedly agrees to acquire AI gateway startup OpenRouter for more than $7 billion, marking one of the largest AI acquisitions to date....
Thinkst Canary Hits $22.5M ARR With Zero Outbound Sales
Haroon Meer’s Thinkst reaches $22.5 million ARR on canary tripwires and honeypots, still with no sales team and no price rise in a decade....
Bending Spoons' Acquisition Strategy: The Cost of Efficiency in Tech
The Italian app developer's playbook for buying struggling brands for cash and cutting staff to the bone reveals a brutal new reality in tech M&A....
1991 Mars Bar Discovery Highlights Decades of Shrinkflation
A 35-year-old Mars Bar found in a house clearance has gone viral, drawing attention to the phenomenon of shrinkflation as its 62.5g size towers over today's 40g version....
Zuckerberg Lays Out Meta's Personal Superintelligence Bet
Meta's 2026 AI capex jumps to $145 billion as Zuckerberg frames personal superintelligence as the company's organizing mission. Muse Spark is the first product....
Railway Raises $100M Series B to Rebuild Cloud for AI Code
Railway raised $100 million to scale its developer-first cloud platform. The bet: AI-generated code exposes how slow legacy cloud primitives really are....
Paramount and Warner Bros. Merger Delayed Amid Antitrust Lawsuit
A court battle with 12 states and the Writers Guild forces Paramount to delay its $111 billion acquisition of Warner Bros., intensifying scrutiny over media consolidation and political influence....
Kalshi Demands Netflix Remove Trailer Over Allegedly False Betting Depiction
Prediction market Kalshi sent Netflix a cease-and-desist letter over a documentary trailer that allegedly shows an illegal sports bet in Nevada, claiming the footage is defamatory and misleading....
Elon Musk's Boring Company Eyes $20B Valuation in New Funding Round
Elon Musk's tunneling startup is in talks to raise $4 billion at a $20 billion valuation, more than double its 2022 valuation. The company already operates a tunnel network under Las Vegas....
How Chinese AI Labs and Hardware Vendors Go Global at Once
Chinese AI labs, optical-module makers, and warehouse-robot vendors are taking different routes to global markets, across software, hardware, and robotics....
Munich Startup Aampere Lands €4.2M to Scale Used EV Marketplace
Munich startup Aampere raised €4.2M led by Trind Ventures to scale its used-EV marketplace across Europe, with Vend Marketplaces joining as minority investor....
ServiceNow Invests $40M in Indian Banking Software Firm BusinessNext
ServiceNow has invested $40 million in BusinessNext at a $700 million valuation, deepening its push into AI-driven financial services through the Indian banking software specialist....
IBM Mainframe Revenue Falls 42%, CEO Says It's a Pause, Not a Pivot
IBM's mainframe revenue fell 42% as customers shifted budgets to data center hardware. CEO Arvind Krishna insists the slip is temporary, not a structural shift....
ServiceNow Invests $40M in BusinessNext, Targets AI in Banking
ServiceNow is investing $40 million in India's BusinessNext for a 5% stake, valuing the banking software maker at $700 million and opening a joint AI push....
Thinkst Canary Hits $22.5M ARR Without Price Increases
Bootstrapped cybersecurity firm Thinkst, creator of Canarytokens, quietely surpasses $22.5 million in ARR while maintaining a ten-year price freeze....
The Story Mob Rebrands to 'Strategic Player Culture Advisory'
Esports communications consultancy The Story Mob has rebranded as a strategic player culture advisory, launching a new service called Play Makers to help brands navigate gaming communities....
Xbox VP of Engineering Quits Just Two Months After Taking Job
Jared Palmer has left his role as Vice President of Engineering at Xbox after just two months. He is joining AI company Cognition, which develops autonomous software engineer Devin....
India's MSMEs Drive the Economy but Lag in AI Adoption
With over 7.5 crore MSMEs employing 33 crore people, India's small businesses are economic powerhouses. Yet fewer than 25% have adopted AI, leaving massive value on the table....
Bira 91 Founder Ankur Jain Steps Down, Surrenders 17.8% Stake
Ankur Jain has stepped down as Bira 91 founder and given up a 17.8% stake as part of a settlement, marking a significant leadership shift at the Indian craft beer brand....
Trovio Brand Dashboard Targets Micro-Influencers Over Mega Creators
Trovio's new Brand Dashboard matches brands with small, trusted community influencers. Data shows $50K spread across 10 micro-creators yields 4x more conversions than one macro deal....
Coinbase Targets Prediction Markets With New Marketing Hire
Coinbase is hiring a Product Marketing Manager dedicated to Prediction Markets, highlighting the exchange's push into event-based crypto trading products....
Coinbase Seeks Product Marketing Manager for Prime and Markets
Coinbase is recruiting a Product Marketing Manager for its Prime and Markets divisions, signaling strategic focus on institutional crypto trading services....
Gen Z Workers Can't Decode Half of Common Office Jargon
A new study finds Gen Z employees understand just 5.3 of 24 common workplace phrases on average, raising concerns about career progression....
Dimension Capital Raises $800M Third Fund for Bio-AI Bets
Dimension Capital's new $800 million fund is 60% larger than its last, betting on the growing overlap between biotech and AI compute....
Anthropic-Physical Intelligence Buyout Rumor Sparks AI Debate
A weekend rumor claimed Anthropic was buying robotics startup Physical Intelligence. The denial was weak, and talks reportedly did happen....
Redcliffe Labs to Acquire Megavision Diagnostics in ₹40 Cr Pune Deal
Redcliffe Labs is acquiring Pune-based Megavision Diagnostics Centre for about ₹40 Cr, adding MRI, CT scan and mammography capabilities as it pushes into integrated diagnostics....
Manhattan Beach Studios Pitched for Real Weapons Manufacturing
Lenders selling Manhattan Beach Studios' $240 million mortgage are marketing the Hollywood lot as a hub for real weapons production, reflecting a major economic pivot....
AliExpress Hit With Record €550 Million EU Fine Over Illegal Product Sales
The European Commission has fined AliExpress €550 million for failing to stop the sale of illegal and unsafe products, marking the largest DSA penalty yet....