Startup News: 20th June 2022 - 26th June 2022

Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.

20th June 2022

1. Dataiku 11: Top features that will accelerate enterprise AI projects

New York-based Dataiku, which provides a centralized solution for the design, deployment and management of enterprise artificial intelligence (AI) applications, has released version 11 of its unified data and AI platform. Read More

2. How AI helps improve the workforce

AI can improve both workforce productivity and satisfaction. Again, through proper scheduling, processes can be advanced more efficiently, without conflict and duplication. Read More

21st June 2022

1. IBM toolkit promises to mitigate advertising bias

IBM’s new open-source Advertising Toolkit for AI Fairness hopes to improve the fairness of housing loans, insurance and medical decisions. It may also help improve social determinants of health. Read More

2. Cyberint delivers focus to cybersecurity teams

Cyberint, a cyber threat intelligence company known for attack surface reconnaissance, has announced a $40 million funding round focused at providing organizations with extensive integrated visibility into their external risk exposure. Read More

22nd June 2022

1. Wilco gamifies your path through your software engineering career

Detroit-based Airspace Link has positioned itself as a provider of increasingly important infrastructure in the burgeoning drone services space, letting operators get local and federal approval quickly. Read More

2. India’s Dukaan expands globally to take on Shopify

Israeli startup Wilco describes itself as “an immersive upskilling platform for software developers,” and snuck out of stealth this week with its first public version and a stash box with $7 million. Read More

23rd June 2022

1. AWS sent a Snowcone to space

At the Mars conference, Amazon announced that it quietly sent one of its AWS Snowcone edge computing and storage devices into space on the Axiom mission to the International Space Station. Read More

2. Meal delivery service Daily Harvest recalls lentil product

The New York-based company had asked customers last week to dispose of the French Lentil and Leek Crumbles product after people reported gastrointestinal discomfort. Read More

24th June 2022

1. Zomato acquires Blinkit for $568 million in instant-grocery delivery push

Zomato has acquired Blinkit, a struggling 10-minute grocery delivery startup, in a $568.1 million all-stock deal as the loss-making food delivery firm looks to broaden its offerings at a time. Read More

2. Hacker exploits Harmony blockchain bridge, loots $100M in crypto

A hacker has exploited a vulnerability to steal $100 million from Harmony’s Horizon Bridge, which allows users to transfer their crypto assets from one blockchain to another. Read More

25th June 2022

1. VCs shouldn’t confuse risk management with not funding diverse founders

U.S. startups received VC funding of around $75 billion in Q1 and about $50 billion so far in Q2, despite investors pulling back and valuations decreasing as the markets trend downward. But as funding in the wider private market plummets, Black founders are seeing an even sharper decline: They received $1.2 billion in Q1 and only $324 million thus far in Q2. Read More

2. PhonePe Recorded INR 1,727 Cr In Losses In FY21, Revenue Jumps 86%

PhonePe’s revenue from operations surged about 86% to INR 690 Cr in FY21. While the startup’s revenue from payments and allied services was INR 371.8 Cr in the last fiscal year, in FY21 it stood at INR 686 Cr. Read More

26th June 2022

1. This D2C startup is looking to taste success with 25X growth by 2025

When Soumyadeep Mukherjee was about to turn 40, he wanted to start his own venture. Through his corporate stints across Hindustan Coca Cola Beverage Pvt. Ltd. and Danone Narang Beverages over the years, Soumyadeep saw his friends starting their own businesses, but his ideas never got converted into actual ventures. Read More

2. Flipkart inks MoU with Telangana's SERP to enable market access for FPOs, SHGs

As part of this collaboration, Flipkart will directly source premium quality pulses, millets, staples, and spices from the local farmers, contributing to improve income and business growth. 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: 13th June 2022 - 19th June 2022

Startup News: 6th June 2022 - 12th June 2022

Startup News: 30th May 2022 - 5th June 2022

Startup News: 23rd May 2022 - 29th May 2022

Startup News: 9th May 2022 - 15th May 2022

Startup News: 02nd May 2022 - 08th May 2022

Startup News: 25th April 2022 - 01st May 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.

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29th Jun'22 09:52:10 PM

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