Startup News: 26th April 2021 - 2nd May 2021

  • 3rd May'21
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Good Morning Monday!! As we enter a new week, let’s get a round of latest trending startups news insights. 

 

26th April, 2021

 

Startup News

 

1. AI startup Faculty wins contract to predict future requirements for the UK’s NHS

Faculty, a VC-supported artificial intelligence startup, has won a tender to work with the NHS to make better predictions about its future requirements for patients, based on data drawn from how it handled the COVID-19 pandemic. Read more

2. Robo-advisor StashAway gets $25M Series D

StashAway’s products include services for retail investors that focus on wealth-building or specific goals like retirement or buying a house, click to read more

3. UK broadband startup Cuckoo Internet raises $6M round

Cuckoo Internet, which is aiming to be an insurgent startup in the broadband provider space in the U.K., has closed a $6 million investment. Funding will enable to help tens of thousands of people across the country make their broadband simple, for good.” Read more

 

27th April, 2021

 

Startup News

 

1. Robotic vision startup Plus One raises $33M

San Antonio-based Plus One Robotics The round follows an $8.3 million Series A announced in 2018 and brings the company’s total funding to north of $40 million. Read more

2. Materials Zone raises $6M for its materials discovery platform

Materials Zone, a Tel Aviv-based startup that uses AI to speed up materials research, it has raised a $6 million seed funding. The promise of Materials Zone is that it can make this process hassle free and budget friendly by aggregating and standardizing all of this data, click to read more

3. Language learning startup Toucan raises $4.5M

Toucan, a startup that helps users learn a new language while they browse the web, is announcing that it has raised an additional $4.5 million in seed funding. Read more

 

28th April, 2021

 

Startup News

 

1. Splitwise raises $20M Series A to help everyone in the world divvy expenses

Rhode Island-based startup Splitwise, it has closed a $20 million Series A. The company builds consumer fintech software that helps users split expenses. Company aims to reduce the stress and awkwardness that money puts on relationships of all sorts, click to know more

2. Botpress nabs $15M Series A to help developers build conversational apps

Montreal-based early-stage startup Botpress, it announced a $15 million Series A. Company aims to make it easier for developers to build conversational-based apps, meaning humans interact with the app by speaking instead of typing, clicking or tapping. Read more

3. Alchemy raises $80M at a $505M valuation to be the ‘AWS for blockchain’

San Francisco blockchain developer platform Alchemy it has raised $80 million in a Series B round of funding. Alchemy plans to use its new capital to expand its developer platform to new blockchains, fuel global expansion and to open new offices in the U.S. and globally. Read more

 

29th April, 2021

 

Startup News

 

1. Firstbase raises $13M to make remote work suck less

Firstbase is building a software-and-hardware solution to quickly get remote workers the tools and support they reqire. It’s a software service that helps companies track and manage their hardware assets that remote workers use. Read more

2. Indian food delivery startup Zomato files for $1.1 billion IPO

Indian food delivery startup Zomato on Wednesday filed for an initial public offering, ushering a new era for tech unicorn startups. The startup, which has businesses in 24 markets, intends to list on Indian stock exchanges NSE and BSE. Read more

 

30th April, 2021

 

Startup News

 

1. Heirlume raises $1.38M to remove the barriers of trademark registration for small business

Toronto-based startup Heirlume just raised $1.7 million CAD o address the problem with a machine-powered trademark registration platform. Company brings the cost of trademark registration low from many thousands of dollars to just under $600 for the first, and only $200 for each additional later. Read more

2. Sorbet raises $6M seed to tackle the thorny financials of paid time off

Israeli startup, Sorbet — which is tackling what companies do with the financial risks as employees accrue paid time off (PTO) — has raised $6 million in a seed funding round. Read more

3. Rapchat tunes into $2.3M as its music-making app hits 7M users

Rapchat, an app that lets people create music tracks — raps, as its name depicts, has raised $2.3 million. Rapchat plans to use the funding to continue expanding the scope of what you can create on its platform, expand to have more artists, producers and industry executives on the platform for mentoring. Click to read more

 

1st May, 2021

 

Startup News

 

1. Digital comics startup Madefire is shutting down

Madefire first launched in 2012 The company described its titles as “motion books,” combining the animation and effects of motion comics with a more traditional reading experience. A startup that recruited high-profile artists to reinvent comics for new formats and platforms are goin to shut down. Read more

2. Cloud gaming service Shadow taken over by OVHcloud founder

Blade, the French startup behind cloud gaming service Shadow, has been acquired by Octave Klaba’s fund following a commercial court order. Read more

 

2nd May, 2021

 

Startup News

 

1. Uiflow wants to accelerate no-code enterprise app creation

Bay Area-based Uiflow, a startup that is building a no-code enterprise app creation service. No-code and low-code services came into greater demand as accelerating digital transformation efforts met the market’s general dearth of available developer talent. Read more

 

If you missed out the previous week or entire month updates of startup world news, follow the link to read it now and stay updated with every passing update with us.

Startup News: 19th April 2021 - 25th April 2021

Startup News: 12th April 2021 - 18th April 2021

Startup News: 5th April 2021 - 11th April 2021

Startup News: 29th March 2021 - 4th April 2021

Startup News: 22nd March 2021 - 28th March 2021

Startup News: 15th March 2021 - 21st March 2021

Startup News: 8th March 2021 - 14th March 2021

Startup News: 1st March 2021 - 7th March 2021

 

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.

Sources/References:

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

About the author:

Kumar Amritanshu (Editor), Super admin

Amritanshu, a geek, an explorer, traveler and innovative creator by heart. Experimenting with new ideas and exploring innovative technologies are his break-through talent. Endless craze for technology and creativity. Associated with editorial team at OpenGrowth and keenly serving great stuff from startup world.


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