AI start-up Heidi cuts jobs weeks after raising $475 million
The Sydney Morning Herald — The hyped Melbourne start-up is slashing more than 100 jobs in the same week two of its three co-founders said they were leaving the business.
Startups
Startups are newly founded technology ventures focused on building artificial intelligence models, applications and infrastructure. Truncated covers their funding rounds, product launches, acquisitions and regulatory challenges.
Months-Old Chip Startup Tenspresso in Talks for $500 Million Valuation
🚨 Living Brain just came out of stealth and the interesting part isn't "AI memory" it's where the memory lives : outsi…
SK Group chairman to chair board of SK hynix's U.S. AI arm
Yonhap News Agency — SEOUL, Nov. 4 (Yonhap) -- SK Group Chairman Chey Tae-won will chair the board of HYAICO Co...
‘Sad and devastated’: Canva cuts hit staff and Australian tech overall
The Sydney Morning Herald — Canva was the start-up every Australian tech entrepreneur wanted to have founded. Its job cuts raise hard questions about what comes next.
OpenAI appoints Jill Hazelbaker as Chief Corporate Affairs Officer
Running Dry
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Exclusive: Nurx And Journey Clinical Co-Founders Raise $6M For Mental Health Startup Siggy
Crunchbase News — Siggy has raised $6 million in pre-seed funding to build a mental health service that uses AI to collect patients’ histories and track progress between appointments with licensed clinicians, the startup told Crunchbase News exclusively.
Longtime investor Martin Tobias says no to 99% of startups — his new AI tool helps them find a yes
GeekWire — Investor Match started as a way for the Incisive Ventures founder to help his own portfolio companies raise follow-on rounds. Now any founder can use it for $20.
A former Apple and Uber engineer raised $51 million to rethink the self-driving truck
Business Insider — Humble Robotics raised $51 million to build electric, cabless self-driving trucks. Founder Eyal Cohen previously worked at Apple, Uber, and Waabi.
Firmly Lands $15 Million as Investors Back the Merchant Side of Agentic Commerce
PYMNTS.com — Artificial intelligence agents are becoming a new place to shop faster than merchants can plug into them. Analysts expect AI-driven traffic to retail
Five years after its Series A, insurance AI startup Kalepa raises $75M at $470M valuation — TFN
Tech Funding News — Kalepa raised $75 million in a Series B at a $470 million valuation, led by Updata Partners. The New York-based insurance AI start-up previously closed a
Finding New Drugs Is Laborious. This AI Startup Is Skipping The Lab Work
WIRED — Potential Sciences, a startup backed by the UK government, is betting that training AI models on computer-generated biochemical data can speed up the plodding process of developing new drugs.
Elon Musk Is Afraid Of Power Being "Concentrated" In My Hands, Says Sam Altman, Even As Both Have Similar Fears About AI
Wccftech — Altman argues that several competing AI labs are better for the world, as Dario Amodei's Anthropic and Mira Murati's lab take their own paths.
Kabilio zips €10M from Picus Capital and Visionaries to put an AI agent inside accounting firms — TFN
Tech Funding News — Barcelona startup Kabilio raises €10M led by Picus Capital and Visionaries to develop AI accounting agents, reporting growth to over 500 accounting firms.
Memrise co-founder's Mindmax raises $3.3M. Can AI tutoring help with 'cognitive surrender'? — TFN
Tech Funding News — Memrise co-founder Ed Cooke’s Mindmax raises $3.3M led by Concept Ventures to build an AI tutor for professional exams, upskilling and knowledge retention.
Meet the AI company retiring your CPA so he can still see you face to face this tax season
Fortune — Numica has bought seven small accounting firms from owners ready to retire. Software does the books, and the old CPA can stay on to see clients.
Building on open source AI? Hugging Face’s policy chief on the costs, risks, and trade-offs
TechCrunch — Hugging Face's Irene Solaiman joins Equity to explain what startups need to know when building on open AI models, and how to evaluate the tools around them and keep the open ecosystem secure.
India's EloElo raises $80M for AI microdramas
GamesBeat — India's EloElo has raised $80 million in a round of funding for its serialized microdramas.
Finpilot raises $10M for AI agents that handle the grunt work for institutional investors
GeekWire — Finpilot co-founder and CEO Lakshay Chauhan. (Finpilot Photo) Seattle startup Finpilot, which uses AI agents to take the paperwork off the plates of
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