Category: News

Chicago-based venture capital firm Hyde Park Venture Partners (HPVP) has announced the closure of its fourth fund, raising $98 million to focus on early-stage startups. With this new fund, the firm plans to invest in approximately 20 to 22 companies. Founded in 2012, HPVP now manages a total of $320 million in assets across four...

Positioning itself as the world’s first digital bank, Sygnum Bank has raised $58 million in a funding round led by Bitcoin-focused VC firm Fulgur Ventures. With this new investment, the bank has reached a $1 billion valuation, officially attaining unicorn status. Headquartered in both Zurich and Singapore, Sygnum Bank is at the forefront of integrating...

Berlin-based healthtech startup Nelly has secured €50 million in a Series B funding round led by Cathay Innovation. Notion Capital, b2venture, Lakestar, Motive Ventures, and arc investors also participated in the round, reflecting strong investor confidence in Nelly’s vision. Nelly is streamlining administrative processes for clinics and enhancing patient experiences by offering integrated, all-in-one solutions....

Meta is taking steps to reshape its workforce by reducing employee numbers by approximately 5%. CEO Mark Zuckerberg announced a revamped performance management strategy aimed at accelerating the process of parting ways with underperforming employees. The company plans to refill the vacated positions with new hires. In a company-wide message, Zuckerberg stated, “We’ve decided to...

OpenAI has announced a new task planning feature for ChatGPT, aiming to transform the chatbot into a more dynamic personal assistant. Initially available to paid subscription plans (Plus, Team, and Pro), this feature allows users to schedule tasks and receive timely reminders directly through ChatGPT’s mobile app or website. The task planning feature provides users...

Founded in 2008 by Daniel Gabay and Michael Gabay, Trigo is an AI-driven company specializing in computer vision technology. The company collaborates with leading global retailers and logistics firms, helping them tackle everyday operational challenges effectively. Trigo offers a platform that provides valuable insights for both retailers and consumers. Its solutions encompass loss prevention, store...

Irish AI startup Jentic has secured €4 million in a pre-seed funding round led by Elkstone. The round also saw participation from Sure Valley Ventures, TechOperators, Shuttle, and a group of angel investors. Founded in 2024, Jentic provides a universal foundational integration layer that enables AI developers to connect their technologies to other systems more...

The Chinese government is launching a subsidy program for personal devices such as smartphones, smartwatches, and tablets as part of its efforts to boost domestic consumption. Previously limited to automobiles and home appliances, the $41.1 billion consumer spending plan has now been expanded to include personal electronics. On Friday, officials from China’s economic planning agency...

Founded in 2021, U.S.-based Tacora Capital has closed its second fund at $268.7 million. Operating as a venture debt firm, Tacora primarily provides cash loans to startups, particularly in the fintech sector, that have already secured investments from venture capital (VC) firms. Unlike traditional VCs, venture debt firms do not acquire equity stakes in exchange...

Apple has agreed to settle a class-action lawsuit for $95 million over allegations that its voice assistant, Siri, shared user data with third parties without consent. The lawsuit, filed in 2019, claimed that Siri was inadvertently activated and recorded private or confidential conversations, which were then transmitted to Apple. The case was heard in the...