Insurance technology startup Riskcovry has successfully secured approximately $4.5 million in a bridge round of funding, with leading Dubai-based business-to-business (B2B) fund Morphosis Venture Capital taking the lead. This funding round aims to support Riskcovry in its journey towards profitability and eventually close its Series B round. With a strong commitment to growth, Riskcovry intends to achieve a remarkable five-fold
SpaceX, the renowned aerospace company founded by Elon Musk, has recently filed a lawsuit against the National Labor Relations Board (NLRB) in a Texas federal court. The legal action is in response to an unfair labor practice charge filed against SpaceX in 2022, which the company claims subjected them to an unconstitutional administrative hearing. This article delves into the background
In today’s digital age, where information overload is a common challenge, startups are relentlessly seeking to reinvent AI-powered search from the ground up. Their aim? To deliver a superior search experience and carve out a niche in the ever-evolving world of information retrieval. Perplexity AI is one such startup that has emerged as a frontrunner in this quest, attracting significant
In a groundbreaking collaboration, D•One, a leader in open banking services, has partnered with Salad Money to revolutionize the credit decision-making process. By leveraging D•One’s expertise, Salad Money aims to enhance affordability assessments and offer more accurate and efficient lending options to consumers with impaired or limited credit histories. Enhanced Affordability Assessments With the integration of D•One’s advanced technologies, Salad
Intel, the renowned semiconductor company, has joined forces with asset manager DigitalBridge Group to create Articul8 AI, a groundbreaking venture focused on generative AI enterprise solutions. This strategic partnership aims to leverage Intel’s cutting-edge GenAI system, developed with the aid of one of its supercomputers. By combining open-source and proprietary technology, Articul8 endeavors to revolutionize text and image analysis capabilities.
In today’s fast-paced world, organizations are constantly seeking innovative solutions to streamline their operations, boost efficiency, and stay ahead of the competition. The advent of Artificial Intelligence (AI) and Robotic Process Automation (RPA) has brought promising opportunities for businesses to automate repetitive tasks, enhance productivity, and drive growth. This article explores the power of AI and RPA, their accessibility, the
Equinix, a global leader in data centers, has recently unveiled plans to expand its support for liquid cooling technologies. This move comes as businesses increasingly require high-density hardware and seek more efficient cooling solutions. By offering liquid cooling options, Equinix aims to provide its customers with enhanced capabilities to meet the evolving demands of modern IT deployments. Current support for
Halcyon, a leading cybersecurity startup, recently announced its successful completion of an oversubscribed Series B funding round, securing $40 million in investment. The funding, spearheaded by Bain Capital Ventures, raises Halcyon’s total funding to an impressive $90 million this year. This substantial boost will empower Halcyon to enhance its engineering, research and development (R&D), and sales functions, reinforcing its position
In a groundbreaking move, the European Union (EU) has unveiled an ambitious plan to bolster homegrown AI startups by granting them access to its supercomputers. This program aims to harness the immense processing power of the EU’s high-performance computing infrastructure for model training, offering startups a competitive advantage in the global AI landscape. Addressing the Need for Dedicated Support To
In an exciting development, Armada, a technology startup, is set to revolutionize real-time data processing capabilities for off-the-grid sites such as oil rigs and battlefields. With its portable Galleon data centers, Armada aims to provide these remote locations with the same level of data processing capabilities usually found in areas with terrestrial connectivity. Description of Galleons Armada’s Galleons are set
The credit card industry has undergone a significant transformation in recent years, largely driven by the disruptive influence of fintech startups. These innovative companies have prioritized user experience, integrated cutting-edge technologies, utilized advanced analytics, forged partnerships and collaborations, and navigated complex regulatory landscapes to reshape the financial services landscape. This article explores in detail how these fintech startups are revolutionizing
Meta, the company known for its cutting-edge technology, has unveiled the latest version of its smart glasses equipped with a built-in AI assistant. With an entry price of $299, these Ray-Ban Meta smart glasses are set to revolutionize the wearable tech market. In this article, we delve into the features and potential implications of Meta’s groundbreaking technology. Unlike previous iterations,
