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Startup News
Siliconangle
53m
113
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Hakimo secures $10.5M in new funding and launches autonomous AI security agent
- Hakimo Inc. has raised $10.5 million in new funding and launched AI Operator, an autonomous security agent.
- AI Operator monitors existing security hardware, detects threats in real time, and executes response protocols.
- The service combines computer vision and generative AI for anomaly detection and issuing real-time warnings.
- Hakimo's funding round was led by Vertex Ventures Management and Zigg Capital, bringing total funding to $20.5 million.
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TheSixthAxis
3h
221
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Ubisoft and Tencent create new subsidiary just for Assassin’s Creed, Rainbow Six & Far Cry
- Ubisoft has created a new subsidiary to focus on Assassin's Creed, Rainbow Six, and Far Cry franchises.
- Chinese conglomerate Tencent has invested €1.16bn to acquire a roughly 25% minority stake in the subsidiary.
- The new subsidiary will manage existing games and oversee the development of new games in these franchises.
- Ubisoft aims to strengthen its balance sheet, create unique ecosystems, and enable long-term growth and success for the franchises.
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Gritdaily
4h
81
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Behind the Shadows: Lonely Rabbit’s Vision for a New Era of Horror Games
- Independent game developer Lonely Rabbit is working on a new horror game, Midnight Strikes, which aims to offer a unique and unsettling experience for players.
- Horror games are gaining popularity, attracting younger players who crave rich, engaging stories and immersive experiences.
- Lonely Rabbit plans to stand out in the horror gaming market by focusing on psychological unease rather than jump scares, creating a game that lingers in the mind long after playing.
- The studio emphasizes community building and marketing to overcome challenges facing independent developers in the industry and aims to continue exploring new ideas in horror gaming.
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Pymnts
5h
27
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Workato Purchases DeepConverse to Bolster Agentic AI Efforts
- Workato has acquired support automation provider DeepConverse to enhance agentic AI efforts.
- The acquisition will allow Workato to integrate AI-driven support automation capabilities into its product offerings.
- DeepConverse specializes in customer support automation and AI-powered search capabilities.
- Workato plans to offer a customer support app, AgentX Support, which combines agentic orchestration with DeepConverse's AI support abilities.
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Inc42
5h
41
Image Credit: Inc42
Geysers, Footwear Among Products Seized From Amazon & Flipkart Warehouses
- The Bureau of Indian Standards (BIS) conducted raids on Amazon and Flipkart warehouses.
- Over 3,500 products, including geysers and food mixers, were seized from Amazon's warehouse in Delhi.
- About 590 sports footwear without ISI marks were discovered in Flipkart's warehouse in Delhi.
- The BIS is intensifying its crackdown on ecommerce platforms for violation of quality control orders.
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TechCrunch
6h
245
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Why HoneyBook’s $140M in ARR may finally justify its $2.4B ZIRP-era valuation
- HoneyBook, a startup last valued at $2.4 billion, has reported $140 million in ARR.
- HoneyBook is one of the few startups with high valuations to disclose their financials.
- The latest ARR figure implies a valuation multiple of about 17 times ARR.
- HoneyBook introduced AI functionality to assist users with pricing services and customer service.
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14 Likes
Medium
57m
225
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How to find your next AI startup idea when everything seems possible
- The article discusses a mental model called the Critical Frequency Matrix to identify valuable AI startup opportunities within enterprises.
- It categorizes enterprise tasks based on frequency and criticality to create a simplified fingerprint of the business.
- Tasks that are low-frequency and high-criticality, like major corporate pivots or crisis management, are where human leadership shines over AI automation.
- High-frequency, high-criticality tasks offer market opportunities but pose challenges for AI agents, requiring near-perfect reliability and accuracy.
- Low-criticality, high-frequency tasks, such as routine customer support inquiries, are ideal for automation through AI systems.
- Low-frequency, low-criticality tasks offer potential through generalized AI assistance but require exceptional adaptability and intelligence.
- The market value of automating a task increases with frequency and criticality, with tasks being more valuable when they are both frequent and essential to the business.
- The article suggests focusing on tasks that cause constant pain as they may hold higher business value than solving episodic pain.
- The framework helps investors focus on enterprise value and identifies areas with potential for new AI-native ventures.
- It provides a checklist for building an AI-native startup and emphasizes the importance of addressing interconnected tasks effectively.
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Gritdaily
2h
150
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How Kinisium’s New SafeAlert Secures Your Home from Within
- The Kini SafeAlert by Kinisium is an innovative product that enhances home safety by providing real-time motion detection and alerts.
- It offers peace of mind by sending alerts to your phone if it has been moved or tampered with.
- The Kini SafeAlert can be used to secure household items like gun safes, medicine cabinets, alcohol cabinets, and valuables.
- It also helps gun owners meet requirements under CAP (Child Access Prevention) laws, promoting responsible gun ownership and storage practices.
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9 Likes
Inc42
3h
114
Image Credit: Inc42
[Update] Temasek’s Fullerton Acquires Majority Stake In Lendingkart
- Temasek-owned Fullerton Financial Holdings (FFH) has acquired a majority stake in Lendingkart, an MSME-focussed lending tech platform.
- RBI has granted its approval for the deal, which saw FFH invest INR 252 Cr in Lendingkart as part of its Series E round.
- The acquisition will strengthen Lendingkart Group's long-term growth prospects and provide deeper financial flexibility to support sustainable growth.
- Fullerton's strategic support will help Lendingkart expand its lending capacity and increase loan disbursals to help small businesses thrive.
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TechCrunch
3h
168
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Certification platform Certiverse nabs $11M Series A led by Cherryrock
- Certification platform Certiverse raised an $11 million Series A led by Cherryrock Capital.
- Founded in 2023, Certiverse allows organizations to develop certification exams at a lower cost than traditional methods.
- Certiverse works with companies such as The Linux Foundation and HashiCorp.
- The funding will be used to add more automation and scale the platform to onboard new clients and partners.
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Inc42
4h
16
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JungleWorks Acquires Controlling Stake In Outplay, To Invest $14 Mn
- JungleWorks has acquired a majority stake in AI-based SaaS startup Outplay.
- JungleWorks plans to invest $14 Mn in Outplay to accelerate its growth and build AI-driven sales automation tools.
- Outplay's AI-powered sales engagement platform automates repetitive tasks for business teams and has over 600 clients.
- Outplay's platform will be integrated with JungleWorks' business automation solutions, creating an end-to-end ecosystem for customer acquisition, engagement, and retention.
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Medium
5h
178
Image Credit: Medium
6 Months of Next in Tech: Tea, Chaos & Code
- Next In Tech, a startup, reflects on the past 6 months of its unique corporate culture.
- The team of developers formed a tight-knit group, discussing unfiltered topics and engaging in raw conversations.
- The company focused on teaching careers, not just code, and emphasized the importance of taking ownership of mistakes.
- They also learned the value of rejecting clients and standing up to absurd requests.
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Medium
5h
154
Image Credit: Medium
The AI Hype Trap: Why Startup Culture Needs More Substance and Less Speculation
- AI startups experienced unprecedented funding in 2024, with companies like Databricks raising $10 billion at a $62 billion valuation.
- The culture behind AI startups and the investors backing them often mirror the hype they create, which poses a significant risk.
- Examples like Nikola Corporation and LightSail Energy highlight the failure and bankruptcy risks associated with hype-driven culture.
- To increase success rates, startup culture needs more substance, humility, and focus on building strong teams and internal culture.
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Medium
5h
138
Image Credit: Medium
Developer-Driven Infrastructure: Breaking the DevOps Bottleneck
- Developer-driven infrastructure allows developers to manage their own infrastructure needs without compromising security or stability.
- This approach simplifies infrastructure definitions and brings benefits such as self-service and prevention of common mistakes.
- Sophisticated RBAC system allows organizations to implement trust but verify approach, delegating responsibilities without compromising security.
- Implementing developer-driven infrastructure empowers developers and improves software delivery while maintaining appropriate governance.
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8 Likes
Medium
5h
69
How Monday CRM Helped a Startup Scale Its Operations Efficiently
- TechTrend Innovations, a startup, utilized Monday CRM to scale its operations efficiently.
- Automated workflows enabled the team to focus on building relationships and closing sales.
- Monday CRM's collaboration features and centralized logging improved team communication and customer journey.
- Customizable workflows and real-time insights aided TechTrend in generating revenue and monitoring lead generation.
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