Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.
Remitly generated $257 million in revenue and a $32.5 million net loss in 2020, doubling its annual revenue and cutting its loss nearly in half. Read more
Gillian Muessig, a tech industry veteran who helped launch SEO company Moz in 2004. made its first investment in women-led startup Fyrii.AI, a Silicon Valley-based enterprise sales startup run by a woman of color, Padma Subramanian. Read more
Seattle-based startup Snap Raise, that helps high school teams and clubs with digital fundraising, has closed a $90 million financing round, read more.
Compound Foods uses synthetic biology to create coffee without coffee beans by extracting molecules. Saenz said the company spent a lot of time examining what makes coffee, well coffee, and then trying to correlate flavors and aromas in certain ways. Read more
Seattle-based augmented writing startup Textio has always sought to help people better communicate where they do their work. Its writing guidance for enterprise customers can now be integrated with the business-focused social media platform owned by Microsoft. Read more
According to Forbes, the $200 million is the largest amount of funding that any video game company has ever raised via Series A. ProbablyMonsters’ leadership intends to hire employees and keep them on long-term, Read more
Duda, which works with digital agencies and SaaS companies, has approximately 1 million published paying sites, and the acquisition was driven by the company seeing a boost in e-commerce websites, read more.
Web-conferencing app Zoom making multiple sizeable investments into various apps and developers. All of these investments have gone to developers that make apps for Zoom's own platform, read more.
The Los Angeles-based startup has announced it raised $2.5 million in seed funding to expand and connect people in their residential communities with its visionary technology. Read more
Lynk, the “knowledge-as-a-service” platform added to its previously announced Series B $5 million raised from UBS’ Investment Bank division, read more.
Customers can use crypto “coins” to purchase Seety credits on the app, for no additional fee. They can choose from several different crypto options. read more
Thatch helps travel creators monetize their content by enabling them to build their own travel-related businesses. Currently the platform helps them collect, curate and share travel insight, read more.
Omile and Kush Patel created the mobile app that provides information and reviews on barbers for potential customers while also managing appointments, mobile payments and pricing on the back end for barbers. Read more
Iconiq Motors was established in 2016 by Chinese entrepreneur Alan Wu and Ralph Debbas. Chinese electric vehicle startup Iconiq Motors is considering going public in the United States through a merger with a blank-check, read more.
Jokr, which closed on a $170 million Series A this summer, is one of the new players in this growing space. Founded in March, the startup has expanded from Europe, read more.
Aura Aero is developing a two-seater aircraft, set to come to market in 2023, as well as a more ambitious inter-regional passenger plane scheduled to be airborne commercially in 2027. Read more
The proprietary algorithm by Radiobotics is an AI-driven analysis tool aimed at improving the accuracy and efficiency of radiographic knee osteoarthritis diagnosis. 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.
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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.