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Startup News
TechCrunch
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Temporal lands $146 million at a flat valuation, eyes agentic AI expansion
- Seattle-based Temporal has raised $146 million in a growth round to expand into agentic AI and build microservices to support new areas.
- The company plans to invest in R&D for AI use cases, improve security and fault isolation, and enable more cross-cloud work.
- The round was led by Tiger Global and included participation from previous investors.
- With this Series C funding, Temporal's valuation is now $1.72 billion post-money.
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SiliconCanals
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YC-backed Flagright secures €3.9M to fight financial crime: Know more
- London-based Flagright raises €3.9M in seed funding round led by Frontline Ventures.
- The funds will be used to expand its operations globally, with a focus on North America.
- Flagright is an AI-native compliance platform helping financial institutions manage AML compliance and risk management.
- The platform offers real-time transaction monitoring, automated case management, and AI forensics.
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ISN
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PhysicsWallah in talks to buy Vikas Divyakirti's Drishti IAS for Rs 2,500 crore: Report
- PhysicsWallah, the edtech unicorn, is in talks to acquire Drishti IAS for Rs 2,500-3,000 crore.
- The acquisition would be one of the largest in India's edtech sector.
- PhysicsWallah aims to raise $500 million in an upcoming IPO at a $5 billion valuation.
- The acquisition would diversify PhysicsWallah's offerings and enhance its offline presence.
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Startupreporter
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Vedanta transforming Odisha into a global powerhouse
- Odisha is becoming a key manufacturing hub in India due to its minerals resources and industrial ecosystem.
- Vedanta Aluminium has invested ₹1 lakh crore in Odisha, showcasing its belief in the state's potential.
- The state accounts for 41% of the bauxite resources in India, making it an essential hub for the global aluminium value chain.
- Vedanta's operations in Odisha have fostered the growth of more than 20,000 MSMEs and created significant employment opportunities.
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SiliconCanals
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Spain’s fintech firm Wannme raises €7M to speed up payments for marketplace sellers
- Wannme, a fintech company, has raised €7M in strategic financing from IDC Arena Credit Ventures.
- The funding will support Wannme in offering instant payment advances to marketplace sellers.
- Wannme's service allows sellers to receive earnings daily instead of after more than 14 days due to marketplace rules.
- IDC Arena Credit Ventures understood Wannme's business model and structured a financing solution aligned with their growth strategy.
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Npengage
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60
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Grant Distribution Best Practices: 5 Tips for Funders
- Efficient grant distribution processes build trust and transparency between funders and grantees.
- Tips for funders include providing a detailed notice of award, confirming grantees' payment preferences, and establishing clear internal controls.
- Grant makers should prioritize security, transparency, and communication in the distribution process.
- A transparent payment schedule helps grantees plan effectively and ensures a smoother implementation of projects.
- Integration between grants management and finance teams enhances the grantee experience and facilitates efficient fund distribution.
- Effective communication and support mechanisms enable grantees to focus on their work and achieve project goals.
- Maintaining compliance with regulations and keeping detailed records are essential for successful grant distribution.
- Creating reporting dashboards and providing resources for managing funds effectively improve decision-making and accountability.
- Encouraging open communication and feedback channels with grantees fosters trust and collaboration in the funding process.
- A well-structured grant distribution process benefits both funders and recipients, driving impactful outcomes and community benefits.
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Alleywatch
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The Weekly Notable Startup Funding Report: 3/31/25
- The Weekly Notable Startup Funding Report for the week ending 3/29/25 showcases 14 notable funding rounds, including Cape, VulnCehck, Underdog Fantasy, HeartFlow, Sunday, Island, Layer Health, Lumi AI, Mercury, Allen Control Systems, Lumber, Plural, Certiverse, Nexthop AI, Brisk Teaching, Aura, Arcade, and Fleetio.
- Underdog Fantasy, a Brooklyn-based platform for online daily fantasy sports, raised $70.0M in funding, bringing its total equity funding to $115.0M.
- HeartFlow, a Mountain View-based medical technology company focusing on cardiovascular diseases, secured $98.0M, totaling its equity funding to $782.7M.
- Sunday, a Boulder-based subscription lawn care service, received $25.0M in funding, reaching $103.0M in total equity funding.
- Island, a Dallas enterprise browser provider, raised $250.0M, accumulating $810.0M in total equity funding.
- Layer Health, a health technology company in Brookline, raised $21.0M, increasing its total equity funding to $25.0M.
- Lumi AI, a Middletown company offering analytics for sales teams, raised $3.7M in funding.
- Mercury, a San Francisco online banking solutions provider, secured $300.0M, totaling its equity funding to $452.2M.
- Allen Control Systems, an Austin-based robotics defense company specializing in counter-drone technology, raised $30.0M, reaching a total of $42.0M in equity funding.
- Lumber, a San Jose platform for the construction industry, received $15.5M in funding, accumulating $21.0M in total equity funding.
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Medium
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364
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Transforming Industries through Sustainable Innovation: Bridgio’s Vision
- The “Rethinking Hardware 2.0” Hackathon held at VILNIUS TECH brought together 100+ participants, 16 teams, and 15 mentors to develop scalable solutions for sustainable agriculture and energy efficiency.
- Key contributors included Arrow Electronics, Infineon, and EPAM Systems, who provided expertise and hardware kits. The hackathon was backed by the European Bank for Reconstruction and Development (EBRD) and received support from various other partners.
- Bridgio’s collaborative model created a structured yet flexible environment for students, researchers, and engineers to address real-world challenges aligned with the Sustainable Development Goals (SDGs).
- The Hackathon resulted in the creation of project prototypes with commercial potential, showcasing Bridgio’s commitment to technology and sustainability. It also strengthened the ecosystem and fostered new partnerships in the Baltic region.
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Medium
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182
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The Secondary Revolution: Rethinking Liquidity in Venture Capital
- The venture capital industry is facing a liquidity crisis as traditional exit paths have become less viable, prompting a need for innovative solutions.
- Venture capital secondaries offer a potential solution, but several challenges unique to the VC market hinder the entry of established players from the private equity secondary space.
- Structural differences, such as binary outcomes, information asymmetry, mark-to-market resistance, and scale mismatches, complicate the VC secondary market landscape.
- Current VC secondaries transactions occur at steep discounts due to buyer caution and skepticism towards portfolio valuations, leading to a somewhat stagnant market.
- Alternative liquidity options for venture ecosystem participants include continuation funds, NAV-based lending, dividend recapitalizations, and sponsor-to-sponsor transactions.
- Limited partners can pursue portfolio sales, direct secondary sales, or structured solutions to address their liquidity needs effectively and maximize returns.
- Innovations in private company marketplaces, specialized data providers, and standardized documentation could enhance liquidity and efficiency in the VC secondary market.
- To address the liquidity challenge comprehensively, the venture capital model may need built-in liquidity mechanisms, hybrid fund structures, and specialized venture secondaries specialists.
- Participants in the venture ecosystem, including GPs, LPs, secondary buyers, and portfolio companies, must adapt to the new liquidity reality by embracing transparency, developing expertise, and emphasizing capital efficiency.
- By reshaping how early-stage investment functions, the venture capital secondary revolution offers the potential to create a more sustainable ecosystem benefiting all participants.
- The ability to innovate and adapt to the changing landscape will determine which firms and investors lead the venture industry as it evolves towards a more liquidity-driven model.
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Dev
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Electe's Journey: What We Learned Contributing to 10 Projects in 6 Months
- Electe challenged their development team to contribute to 10 diverse projects in just 6 months, leading to transformative experiences and unexpected opportunities.
- Starting with a realization of undercontributing to open source, the team expanded their technical capabilities through these projects.
- Projects impacted included DataValidator, APIMonitor, and DeploymentAutomator, showcasing enhancements and newfound expertise.
- Key learnings included improved validation practices, diverse architectural approaches, and comprehensive testing strategies.
- The initiative resulted in organizational benefits such as improved communication, enhanced collaboration, and continuous improvement.
- Significant technical growth was seen through code review processes, testing strategies, architectural approaches, and performance optimization techniques.
- Business impacts included increased technical capabilities, expanded skill sets, partnership inquiries, and improved problem-solving confidence.
- Tips for starting an open-source journey included targeting beginner-friendly issues, studying contributor guidelines, and documenting progress.
- Contributions were integrated successfully, leading to improved deployment statistics and enhanced security measures.
- Contributing to open source has proven to be highly beneficial for skill development, networking, and industry recognition, offering significant growth opportunities.
- Electe encourages other organizations to start their open-source journey and emphasizes the rewarding outcomes of such contributions.
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AllTopStartups
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45
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PRO Services in Dubai: In-House vs. Outsourced – Which Is Better for Your Startup?
- Launching and scaling a startup in Dubai involves managing numerous administrative tasks and ensuring strict compliance with local laws.
- PRO services simplify this complex process, handling everything from visa applications and document attestation to trade license renewals.
- Startups can choose between managing PRO services in-house or opting for outsourced PRO services.
- Outsourcing PRO services to a dedicated agency like Connect Group offers cost efficiency, expertise, scalability, flexibility, and risk management benefits.
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Getfullyfunded
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Where to Start Your Search for Silent Auction Items
- To start your search for silent auction items, consider reaching out to past auction donors who have supported your organization before.
- Utilize your organization's donor database to identify potential donors and personalize your ask for contributions.
- Leverage connections with staff and board members to tap into their personal and professional networks for potential auction items.
- Encourage staff and board members to make direct asks to potential donors, increasing the likelihood of a positive response.
- Engage local businesses in corporate giving by highlighting the benefits of donating to your silent auction.
- Businesses can donate various items such as gift cards, surplus stock, certificates for services, and event experiences.
- Make personalized appeals to businesses, emphasizing how their donation can help market their brand and engage with a philanthropic audience.
- Consider crowdsourcing from the community by posting calls for auction items on social media and partnering with local media outlets.
- When requesting community donations, be clear about the types of items you are looking for to ensure the auction's appeal and compliance.
- Express gratitude to all donors, regardless of the size of their contribution, to foster relationships and encourage future support.
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17 Likes
Medium
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205
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The Great AI Wipeout is Coming: Why 90% of Service Businesses Won’t Survive 2025
- OpenAI has released SORA, a text-to-video AI that creates cinema-quality footage from simple prompts.
- The release of SORA marks an extinction-level event for entire professional categories.
- Most service businesses are unprepared for the impact of AI.
- Competitors who master AI have the potential to replace traditional service providers.
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Medium
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350
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Why Are App Companies Struggling to Source Vehicles and Fail to Meet Estimated Arrival Times (ETA)?
- Lack of Clarity in Routing and Matching Algorithms: App companies struggle to source vehicles and meet estimated arrival times (ETA) due to lack of transparency and understanding of the complex algorithms used for routing and driver-passenger or driver-package matching.
- Complexity of Algorithms: Proprietary algorithms and factors such as traffic conditions and driver availability make the ETA predictions unclear, leading to longer wait times for users.
- Dynamic Pricing Models: Apps employing dynamic pricing models based on demand and supply analytics can lead to unmet expectations and frustrations for users when sudden changes occur.
- Insufficient Vetting and Security Measures: Many app companies face safety concerns due to inadequate driver background checks and security processes in the ride-share and delivery ecosystem.
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Inc42
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285
Image Credit: Inc42
IPO-Bound Shadowfax Converts Into A Public Entity
- Indian logistics provider Shadowfax has converted into a public entity, according to a filing with the Ministry of Corporate Affairs.
- Shadowfax's board of directors approved the deletion of the word 'private' from its name in an extraordinary general meeting on March 6.
- The company is proposed to undertake an initial public offering (IPO) to list its equity shares on one or more stock exchanges.
- The startup is expected to be valued between INR 5,000 Cr and INR 8,000 Cr through the public issue, with ICICI Securities, JM Financial, and Morgan Stanley likely to handle the offering.
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