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

Sajitha

30th May'22

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

 

23rd May 2022

 

 

1. Reddit partners with Netflix to give Redditors ‘Stranger Things’ custom avatars

The social network Reddit unveiled new custom avatars inspired by Netflix’s “Stranger Things” characters ahead of the anticipated season four premiere. This is the first partnership between Reddit and Netflix. Read More

2. GitLab expands its DevOps platform with new observability and security tools

GitLab, the popular open source DevOps service, today announced version 15 of its platform. As usual, GitLab is basically announcing its roadmap for the entirety of the GitLab 15 release cycle here, with all of the new features rolling out. Read More

 

24th May 2022

 

 

1. Amplitude now supports direct data-sharing with Snowflake

Amplitude, a provider of product analytics and digital optimization technology, has launched a data-sharing integration with Montana-headquartered data company Snowflake. Read More

2. Stellantis to build new battery plant in Indiana

Stellantis and Samsung SDI said on Tuesday they will team up to build a $2.5 billion lithium-ion battery plant in Indiana. The project, which will create 1,400 new jobs and could surpass the $3 billion mark once it’s complete. Read More

 

25th May 2022

 

 

1. Monte Carlo plans to scale data observability platform

The IT data space has never been hotter in the venture capital world. In only the last year, BigQuery reached a $1.5 billion valuation; Snowflake hit $1.2 billion; Databricks came in at $800 million. Read More

2. Amazon flexes its retail muscle with a brick-and-mortar clothing store

Signaling its ambitions to make a dent in the apparel market, Amazon opened its first physical clothing store, Amazon Style, in the Greater Los Angeles Area. Fitting rooms are unlocked using the app and sport touchscreens that let shoppers continue requesting items to try on. Read More

 

26th May 2022

 

 

1. Allen Institute launches new benchmark for general-purpose computer vision models

Allen Institute for AI, also known as AI2, recently worked jointly with the University of Illinois at Urbana-Champaign to develop a new, unifying benchmark called GRIT (General Robust Image Task) for general-purpose computer vision models. Read More

2. Google releases new data controls for Chrome browser and OS

Google announced the release of Chrome Enterprise Connectors Framework, a set of plug-and-play integrations for Okta, BlackBerry, Samsung and Splunk designed to secure user access to the Chrome operating system (OS) and browser. Read More

 

27th May 2022

 

 

1. Canon takes another stab at the mirrorless market, with R7 and R10

The company claims that it took the top spot for market share for mirrorless cameras in Q1 this year. It just launched two new cameras both with APS-C imaging sensors that the company hopes will solidify its position in the market. Read More

2. Indian fintech Jar eyes $50 million investment

Indian fintech Jar, which closed a $32 million financing round in February this year, is in talks to raise new funding as it looks to scale its product and expand its offerings. Read More

 

28th May 2022

 

 

1. Hydrogen startup ZeroAvia has a zero-emission vision, but its next plane is a hybrid

ZeroAvia has raised $115 million from United Airlines, Alaska Airlines, British Airways and Amazon on a promise to fly a zero-emission hydrogen fuel cell regional passenger plane as soon as next year. Read More

2. Sequoia is the latest VC firm telling you to take the downturn seriously

Sequoia created a 52-slide deck, first reported by The Information, titled “Adapting to Endure.” The document reads like a follow-up course to its infamously ill-timed “Coronavirus: The Black Swan of 2020” memo of March 2020. Read More

 

29th May 2022

 

 

1. Capgemini finds gap between digital twin potential and actuality

Digital twin implementations are already demonstrating a 76% cost reduction and a 68% increase in customer engagement. And digital twin adoption is predicted to increase by 36% in the next five years. Read More

2. Finix goes head-to-head with Stripe

The SaaS startup which started out in early 2020 by selling its payments tech to other businesses raised $35 million. Serna elaborated by noting that Finix indeed started out to build software that gave any software company. 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: 9th May 2022 - 15th May 2022

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

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

Startup News: 18th April 2022 - 24th April 2022

Startup News: 11th April 2022 - 17th April 2022

Startup News: 4th April 2022 - 10th April 2022

Startup News: 28th March 2022 - 03rd April 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.

Sajitha is a content writer who predominantly writes for EdTech Industry and also pens poetry, eBooks, and fascinating content. She believes writing should intrigue her audience and work with passion. She is an avid reader and holds her master's in literature. Her hobbies include traveling, music, and self-publishing!

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