Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.
27th June 2022
1. Battery giant Anker backs programmable robot maker Keyi
Keyi Technology, which is known for its modular, cycloptic robot ClickBot, just raised “tens of millions of dollars'' in a new funding round. Keyi’s new funding comes at a time when inflation in the U.S. and Europe is hitting consumers’ appetite for tech devices. Read More
2. Volkswagen unveils ID. AERO concept that will provide the basis for 2023 flagship EV
A version of the Volkswagen ID. The AERO concept will go into production for the Chinese market in the second half of 2023. The flexible modular system can be adapted for a range of vehicles, from hatchbacks to the ID. BUZZ van. Read More
28th June 2022
1. Eclipse Foods isn’t out to substitute dairy it’s on a mission to replace it
Grocery store shelves, both online and in-store, are full of plant-based products created to be dairy substitutes. Oakland-based Eclipse Foods doesn’t want its sustainable, plant-based dairy products to be just another substitute. Read More
2. HTC looks to the metaverse for answers
HTC’s mobile division has spent the last several years searching for the right angle to recapture some of that magic. In 2018, it was the HTC Exodus, which was undoubtedly ahead of the curve as a blockchain/crypto-focused handset. Read More
29th June 2022
1. Regard serves as a ‘medical co-pilot’ for busy physicians
The Los Angeles-based startup announced today it has raised $15.3 million in Series A funding led by Calibrate Ventures and Foundry Group. Returning investors TenOneTen Ventures and Susa Ventures also participated. Read More
2. Walmart is acquiring Memomi, an AR startup powering virtual try-on for eyewear
Walmart is expanding its array of virtual try-on services for shoppers with today’s news that it’s planning to acquire Memomi, an AR optical tech company and current Walmart partner offering a virtual try-on experience for eyewear. Read More
30th June 2022
1. Facebook begins testing NFTs with select creators in the US
The official launch comes a week after Meta CEO Mark Zuckerberg said the company would be testing NFT support on Facebook soon. At the time, Zuckerberg said the test will allow creators to cross-post on Instagram and Facebook. Read More
2. Twelve is recycling captured CO2 into fuel, sunglasses and more
As climate change continues to be a forefront issue globally, Twelve, a self-proclaimed “carbon transformation company” is attempting to be part of the solution by turning captured CO2 into products usually made from fossil fuels. Read More
1st July 2022
1. AI-powered photo stock startup Wirestock lands partnership with Getty Images
Wirestock was founded in 2019, and has seen a rapid adoption among content creators. The company has raised $3.3 million to date, most recently with a $2.3 million seed round in January this year. Read More
2. Micropyramid lenses triple the light that hits solar panels
Solar panels perform best in direct sunlight, which is why some solar systems track the big fireball across the sky, turning to face it for maximum light. Unfortunately, such tracking tech is pricey and moving parts can break. Read More
2nd July 2022
1. Reddit acquires natural language processing company MeaningCloud
Reddit announced Friday that it’s acquiring MeaningCloud, a natural language processing company, for an undisclosed amount. The MeaningCloud team has joined Reddit and will support machine learning projects. Read More
2. Tesla deliveries fall nearly 18% in second quarter following China factory shutdown
This is the first time in two years that Tesla deliveries, which were 310,048 in the first period this year, have fallen quarter over quarter. Tesla deliveries were up 26.5% from the second quarter last year. Read More
3rd July 2022
1. Tracking Klarna’s plunging valuation
As of February, Klarna had 23 million monthly active users in the U.S. and 147 million globally. Now the company could be slashing its valuation by an astounding 1/7 to $6.5 billion. Read More
2.This SaaS startup is breaking language barriers by dubbing video content in real-time
Spotting the need for dubbed content, Varshul Gupta, who had earlier founded an algorithm creation firm, launched the Software as a Service (SaaS) platform Dubverse.ai to provide real-time dubbing. 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: 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
Startup News: 23rd May 2022 - 29th May 2022
Startup News: 9th May 2022 - 15th May 2022
Startup News: 02nd May 2022 - 08th 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.