Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.
19th September 2022
1. InnerPlant grows with new John Deere-backed millions for sustainable farming
The new investment gives InnerPlant $22 million in total funding to date as it prepares to launch its first soybean product, in 2024. Read More
2. Bainbridge Growth wants e-commerce brands to stop sales guessing game
Bainbridge is still in the early stages, the company has 18 customers and is “well on way to $1 million in annual recurring revenue, which would be 10x year over year.” Read More
20th September 2022
1. Zartico secures $20M to help tourism offices promote local destinations
To attempt to inject some data and digitization into tourism operations, Dunn and Kinghorn co-founded Zartico, a platform that provides analytics and visualizations. Read More
2. Retail tech startup Swiftly valued at $1B after bagging another $100M
Swiftly Systems entered unicorn territory after announcing today that it grabbed another round of $100 million, this time in a Series C. Read More
21st September 2022
1. Block Party, a tool to combat online harassment, raises a $4.8M seed
Block Party launched in early 2021, but now, the company hopes to expand to other social platforms with the help of $4.8 million in seed funding. Read More
2. SpinLaunch wraps up new round to fling payloads to space
SpinLaunch’s technique for sending payload to orbit, which uses centrifugal force to fling mass to space, has solicited its fair share of skeptics. Read More
22nd September 2022
1. Kalogon’s smart cushion for wheelchairs keeps the pressure off and brings in $3.3M
Kalogon believes it can mitigate this common but potentially life-threatening condition with a smart cushion that prevents any one part of the body from being compressed for too long. Read More
2. Alibaba Cloud pledges $1B to boost overseas alliance
The Chinese cloud giant is ready to double down on its overseas reach and announced today a $1 billion investment in a “global partner ecosystem upgrade.” Read More
23rd September 2022
1. GM invests in Canadian battery recycler to fight supply shortage
General Motors is partnering with a Canadian battery recycler to produce new batteries from recovered battery materials, as it aims to scale EV production. Read More
2. Volkswagen and Belgian utility giant partner on vehicle-to-grid energy storage
Volkswagen is partnering with a Belgian network operator to integrate electric vehicles into the power grid, as more EVs take to the road amid rising energy costs. Read More
24th September 2022
1. How a pivot helped HopSkipDrive emerge successful in a sector where many failed
Newton, Massachusetts-based Sheprd looked to solve the problem by carting kiddos around in tricked-out Land Rovers equipped with snacks and iPads. Read More
2. Byju’s clears $230 million payment to Blackstone for $1 billion Aakash deal
The Bengaluru-headquartered startup, valued at $22 billion, had pushed back on some payments for the approximately $1 billion acquisition of the physical education chain. Read More
25th September 2022
1. GTA 6 footage leaks, Revolut gets hacked, and Wipro fires 300 for “moonlighting”
India’s IT giant Wipro “has fired 300 employees in recent months who were found to be moonlighting for competitors,” writes Manish, with Wipro chairman Rishad Premji calling moonlighting an “act of integrity violation.” Read More
If you missed out on the previous week or entire month's updates of startup world news, follow the link to read it now and stay tuned with us for more updates.
Startup News: 29th August 2022 - 4th September 2022
Startup News: 15th August 2022 - 21st August 2022
Startup News: 1st August 2022 - 7th August 2022
Startup News: 25th July 2022 - 31st July 2022
Startup News: 11th July 2022 - 17th July 2022
Startup News: 4th July 2022 - 10th July 2022
Startup News: 27th June 2022 - 3rd July 2022
We, at OpenGrowth, are constantly looking for the 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.
