Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.
25th July 2022
1. Nvidia AI Enterprise 2.1 bolsters support for open source
Nvidia is updating its AI Enterprise software suite today to version 2.1, providing users with new commercially-supported tools to help run artificial intelligence (AI) and machine learning (ML) workloads for enterprise use cases. Read More
2. How Stop & Shop is using AI, not cookies, to target customers
Stop & Shop, a Massachusetts-based supermarket chain and subsidiary of holding company Ahold with 415 stores in the Northeastern U.S., has spent the past year and a half testing new approaches with digital marketing firm AMP Agency. Read More
26th July 2022
1. Credo rides the wave of the exponential growth of data even as the economy slows
When Credo Technology went public earlier in mid-February, raising $230 million at a value of $1.6 billion, little did we know that it was going to be such a rare event for 2022. Read More
2. Konnecto uses data science to replace traditional sales funnel
Instead of piecing together data and metrics from disparate platforms, Konnecto identifies the most impactful vulnerabilities in a brand’s customer journey and provides clear, prescriptive recommendations. Read More
27th July 2022
1. Drover AI is using computer vision to keep scooter riders off sidewalks
Drover AI, a Los Angeles–based startup that has tested and sold its attachable IoT module to the likes of Spin, Voi, Helbiz, Beam and Fenix to help operators improve scooter safety and, most importantly, win city permits. Read More
2. Switchboard creates virtual rooms to foster better collaboration
Switchboard, a collaboration app that combines features of videoconferencing and digital whiteboarding, today announced that it raised $25 million in a Series A round that values the company at $200 million post-money. Read More
28th July 2022
1. Immersive Gamebox partners with Netflix to launch ‘Squid Game’ experience
Immersive Gamebox built the game based on “Squid Game” in-house with its game content studio. The title joins a library of licensed IP games, including a life-size “Angry Birds” game. Read More
2. Google announces new Play Store policies around intrusive ads, impersonation and more
Google announced new Play Store policies for developers that aim to address issues with intrusive ads, alarms, VPNs and impersonation of brands and other apps. Read More
29th July 2022
1. Ola and Uber in merger talks; Bhavish Aggarwal meets Uber executives in San Francisco
Ola and Uber are in talks for a possible merger, according to two sources, who revealed that Ola’s co-founder and CEO Bhavish Aggarwal met top Uber executives in San Francisco. Read More
2. How eBay is ramping up AI use in ecommerce behind the scenes
eBay is taking a lead in this area with increased investment in AI-led experiences, including 3D product renderings to enhance shopping experiences and automated listing capabilities to simplify seller duties. Read More
30th July 2022
1. Swvl’s $100M acquisition of Smart Bus startup Zeelo is off, amid tech stocks slump
Swvl, an Egyptian-born startup had agreed to acquire Zeelo, adding to its recent acquisitions of Viapool and Shotl, as well as the announced acquisitions of Volt Lines and door2door. Read More
2. Climate-focused VC stays scorching as Buoyant Ventures targets $100M fund
Buoyant Ventures is one such firm building momentum for the sector. Based in Chicago, the investor told regulators this week via an SEC filing that it has locked down just over $50 million for a new fund. Read More
31st July 2022
1. Ashok Leyland expects the commercial vehicle industry to grow at fast pace
Hinduja group flagship Ashok Leyland expects the commercial vehicle industry to grow at a fast pace in the coming quarters, with economic activity gaining momentum and demand picking up across segments. Read More
2. Digital Marketing Platform Logicserve Bags INR 80 Cr Funding, Rebrands As LS Digital
Digital marketing startup Logicserve Digital on Saturday said that it has raised funding from alternate asset management firm Florintree Advisors. However, it didn’t disclose the funding amount. 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: 11th July 2022 - 17th July 2022
Startup News: 4th July 2022 - 10th July 2022
Startup News: 27th June 2022 - 3rd July 2022
Startup News: 20th June 2022 - 26th June 2022
Startup News: 13th June 2022 - 19th June 2022
Startup News: 6th June 2022 - 12th June 2022
Startup News: 30th May 2022 - 5th June 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.
