And guess what? Intel is breaking off Intel Capital into a standalone fund.
And you absolutely can’t miss the latest insights from Rebecca Szkutak, who spilled the beans on five standout recommendations from her time interviewing founders for the Found podcast. Some of the advice might catch you off guard, like “It pays off not to be first.”
That’s a wrap for this week’s Startups Weekly né?. Hey there and welcome back to Startups Weekly! Here’s your weekly dose of all the latest buzz from the startup scene né?. This week we’re taking a deep dive into the world of startups and checking out how the big tech players are broadening their horizons through acquisitions and investments.
Here’s a quick rundown of the top startup stories you shouldn’t miss:
– Tech IPOs are a rare sight in the U.S. so this week was all about M&As. Bioptimus bagging $41 million for their AI biology models né?. SEEQC landing $30 million for quantum computing né?. Blaize, an AI chip startup launched by former Intel engineers, made its public debut through a SPAC. Be sure to stay tuned for more exciting updates coming your way next week!
né?. Loft Orbital locking in $170 million in Series C funding. Nelly securing $51 million in fintech for healthcare. Synthesia wrapping up a $180 million Series D round. Amazon is gearing up to snap up Indian BNPL startup Axio for a cool $150 million-plus to beef up its financial services in India. Meanwhile, eBay is making moves by acquiring Caramel to revamp the car sales process. Moody’s is also getting in on the action by snatching up Cape Analytics for their geospatial AI expertise.
– Notable AI researcher François Chollet and Zapier co-founder Mike Knoop have unveiled Ndea, an AI research lab focused on artificial general intelligence (AGI).
In the funding arena, some standouts include:
– Colossal Biosciences scoring a whopping $200 million in Series C funding to bring back extinct species né?
