Startup News: 10th - 16th August 2020

  • 17th Aug'20
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Happy Monday Morning. It's time for the weekly round up. Before we begin the new week, let’s take a look at the startup world related news for the last week.

 

16th August, Sunday

 

  • TruGenomix, a Veteran-Led Biotech Instrumental in Early Identification & Awareness of PTSD, Raises $1.8 Million Seed Round, Led by Sanford Health & Viking Global

https://fi.co/insight/trugenomix-raises-1-8-million-seed-round-led-by-sanford-health-viking-global

  • Chinese self-driving vehicle startup AutoX launches robotaxi service in Shanghai

https://siliconangle.com/2020/08/16/chinese-self-driving-vehicle-startup-autox-launches-robotaxi-service-shanghai/

  • Tel Aviv stock exchange launches new share market for tech sector

https://in.reuters.com/article/israel-exchange-tech/tel-aviv-bourse-launches-new-share-market-for-private-tech-companies-idINL8N2FI0I6

  • Temasek buys $4.8 billion stake in investment giant BlackRock,  world's largest asset management firm

https://www.straitstimes.com/business/economy/temasek-buys-stake-worth-us35-billion-in-investment-giant-blackrock

 

15th August, Saturday

 

  • Clearview AI landed a new facial recognition contract with ICE

https://techcrunch.com/2020/08/14/clearview-ai-ice-hsi-contract-2020/

  • Birmingham-based Help Lightning raises $8 million for its remote training and support tools

https://techcrunch.com/2020/08/14/birmingham-based-help-lightning-raises-8-million-for-its-remote-training-and-support-tools/

  • Chinese funding in Indian firms hit by new FDI norms

https://www.hindustantimes.com/business-news/chinese-funding-in-indian-firms-hit-by-new-fdi-norms/story-ZCnqX6nrn0zMv7BQ8UAVeK.html

  • Walmart's Flipkart eyes alcohol delivery foray with Indian startup, letters show

https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/walmarts-flipkart-eyes-alcohol-delivery-foray-with-indian-startup-letters-show/

  • European travel startups consider filing cartel complaint against Google

https://www.androidcentral.com/european-travel-startups-consider-filing-cartel-complaint-against-google

 

14th August, Friday

 

  • Amazon launches online pharmacy in India

https://www.bbc.com/news/business-53775024

  • Loge Raises $15 Million for Camp-Themed Hospitality: Travel Startup Funding This Week

https://skift.com/2020/08/14/loge-raises-15-million-for-camp-themed-hospitality-travel-startup-funding-this-week/

  • Houston startup pumps rural internet access through unused TV channels

https://www.benton.org/headlines/houston-startup-pumps-rural-internet-access-through-unused-tv-channels

  • Boulder-based Stream raises $15M in a Series A fundraiser

https://www.dailycamera.com/2020/08/14/boulder-based-stream-raises-15m-in-a-series-a-fundraiser/

  • Rent the Runway to Close All Retail Stores Permanently

https://www.wsj.com/articles/rent-the-runway-to-close-all-retail-stores-permanently-11597434927

Interested to know more, read: All About Designer Dress Rentals - https://www.opengrowth.com/article/all-about-designer-dress-rentals

 

 

13th August, Thursday

 

  • Oil major Chevron invests in nuclear fusion startup Zap Energy

https://uk.reuters.com/article/us-chevron-investment-nuclear/oil-major-chevron-invests-in-nuclear-fusion-startup-zap-energy-idUKKCN25831E

  • Moka, the HR tool for Arm and Shopee in China, closes $43M Series B

https://techcrunch.com/2020/08/12/moka-43-million-series-b/

  • Ai Startup Joblist Has Quietly Helped Over 4 Million People Search For Jobs With Its Free Service, Says Ceo

https://usanewssite.com/news/ai-startup-joblist-has-quietly-helped-over-4-million-people-search-for-jobs-with-its-free-service-says-ceo/

  • Cube closes $5M Seed round to scale its financial planning software

https://techcrunch.com/2020/08/13/cube-closes-5m-seed-round-to-scale-its-financial-planning-software/amp/

 

12th August, Wednesday

 

  • Sales Software Startup Gong Reaches $2.2 Billion Valuation After Seeing Revenue Triple During The Pandemic

https://www.forbes.com/sites/kenrickcai/2020/08/12/gong-sales-startup-series-d-funding-round-billion-valuation/#5124e4c373c0

  • Rocketship.vc Closes Second Global VC Fund at $100 Mn

https://www.entrepreneur.com/article/354612

  • After Jio, India's unicorn startups are the top target for Chinese hackers trying to get their hands on Indian users' data

https://www.businessinsider.in/tech/news/after-jio-swiggy-paytm-ola-and-byjus-and-other-startups-on-target-of-chinese-hackers/articleshow/77497819.cms

  • Tencent-backed Health Startup Waterdrop Raises $200M in Series D Round

https://pandaily.com/tencent-backed-health-startup-waterdrop-raises-200m-in-series-d-round/

 

11th August, Tuesday

 

  • Lucid Air surpasses Tesla Model S with 517 mile range per charge

https://www.cnet.com/roadshow/news/lucid-air-tesla-model-s-500-mile-range/

  • Blockchain infrastructure startup Alchemy Goes Public With Developer Platform in Bid to Grow DeFi Ecosystem

https://www.coindesk.com/alchemy-goes-public-with-developer-platform-in-bid-to-grow-defi-ecosystem

  • Coda, Would-Be Successor To Google’s G-Suite, Now Valued Above $600 Million

https://www.forbes.com/sites/davidjeans/2020/08/11/coda-startup-backed-by-kleiner-perkins-and-greylock-raises-80-million/#f3a279a78253

  • Austin startup giving employees $300 per year to adopt a pet

https://www.kxan.com/clear-the-shelters/austin-startup-giving-employees-300-per-year-to-adopt-a-pet/

 

 

10th August, Monday

 

  • Clalit to offer pregnant members startup PulseNmore’s at-home ultrasound kit

https://www.prnewswire.com/il/news-releases/at-home-ultrasounds-for-pregnant-women-now-a-reality-pulsenmore-launches-worlds-first-self-administered-handheld-tele-ultrasound-device-301108938.html

  • This NY-based video analytics startup uses AI to predict customer engagement

https://www.inventiva.co.in/trends/anukriti/this-ny-based-video-analytics-startup-uses-ai-to-predict-customer-engagement/

  • How VC fund Omnivore redefined agritech startup financing, bringing it to the mainstream

https://www.inventiva.co.in/trends/anukriti/how-vc-fund-omnivore-redefined-agritech-startup-financing-bringing-it-to-the-mainstream/

  • Autotech Ventures Raises $150 Million as it Looks to Invest in Transportation Startups

https://cheddar.com/media/autotech-ventures-raises-million-as-it-looks-to-invest-in-transportation-startups

 

We, at OpenGrowth, are constantly looking for latest news in the startup ecosystem. If you want to share any important news from last week, then do let us know in the comment section below.

 

News Curated by: Priya Nath

Priya is an enthusiastic person who believes in gender equity and social impact. She has a keen interest in startups. Her passion includes owning innovative gadgets, networking and psychology.

Sources/References:

*Note: The content published above was made in collaboration with our members.

About the author:

Editor , OpenGrowth Content Team

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect to us.


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