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Startup News
ISN
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India's HCLTech launches subsidiary to serve state and local government in the United States
- Indian IT company HCLTech has launched a subsidiary, HCLTech Public Sector Solutions (PSS), to serve state and local government and education organizations, as well as federal agencies in the United States.
- The focus of PSS is to leverage HCLTech's expertise and technology solutions to deliver impactful outcomes for the public sector.
- HCLTech aims to enhance the experience for constituents by partnering with government agencies and providing AI-led technology solutions and services.
- The PSS subsidiary has elected three members to its board of directors, including Arjun Sethi and Raghu Raman Lakshmanan.
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Economic Times
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Spinny closes $131 million round from existing investors led by Accel Leaders Fund
- Spinny has closed a $131 million funding round led by Accel Leaders Fund.
- The round consists of a mix of primary and secondary transactions at a flat valuation.
- Spinny received the first tranche of the $107 million primary component from Accel and Fundamentum.
- Existing investors, including Elevation Capital and General Catalyst, are expected to participate in the funding round.
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Gritdaily
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Are Virtual Production and AI the New Powerhouses of Filmmaking?
- Filmmaking is undergoing a transformation with the rise of AI-driven workflows and virtual production, redefining the creative process.
- AI and real-time production tools are reshaping filmmaking and advertising by removing barriers to creativity.
- AI is seen as an expert assistant, enabling faster script refinement, efficient asset generation, and resource-efficient iteration.
- AI and virtual production are becoming the new standard in the industry, offering collaboration, real-time production, and automation capabilities to enhance human creativity.
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Medium
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Finance Team Structure
- Understanding the ideal finance team structure is crucial for efficiency, transparency, and alignment with business objectives.
- The finance team structure can vary based on a company’s size, industry, and growth stage.
- A strong finance department structure enables businesses to achieve their goals while maintaining financial stability.
- The CFO leads the finance team, overseeing the company’s financial strategy and ensuring alignment with business goals.
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Medium
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I Tested 27+ AI Logo Generators — This One Is The Best
- The Fiverr AI Logo Generator is considered the best out of the 10s of AI logo tools tested.
- It allows users to create a professional logo and brand assets in seconds without needing design skills or technical background.
- The tool is free to use/customize, but users need to pay to use the creations.
- Users can choose from pre-made basic logo styles, tweak sliders to customize the logo generation, and can further customize the designs on Fiverr's platform.
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Medium
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How Fiverr Can Help You Launch a Business with Minimal Investment
- Fiverr offers a wide range of freelance services, including logo design, website development, social media marketing, and more.
- By outsourcing tasks to freelancers on Fiverr, you can save on employee costs and scale your business without the need for a big team.
- Delegating tasks to Fiverr professionals allows you to focus on growing your business and making sales, saving you time.
- Fiverr provides a low-risk way to test business ideas by creating logos, landing pages, and ad campaigns at a low cost before investing heavily.
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Pymnts
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Jason Blackhurst to Succeed Featurespace CEO Martina King After Visa Acquisition
- Jason Blackhurst will succeed Martina King as the CEO of Featurespace following its acquisition by Visa.
- During her tenure as CEO, King led Featurespace to become a leader in machine learning-powered fraud detection.
- Blackhurst, a senior vice president at Visa, will take on the role of senior vice president, head of Featurespace and acceptance risk solutions at Visa.
- Featurespace, now a part of Visa's Risk and Identity Solutions unit, has been granted a U.S. patent for its adaptive behavioral analytics technology.
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Inc42
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Shark Tank Fame Hood Pivots To Matchmaking, Renamed Knot.Dating
- Hood, a social network and matchmaking platform, has rebranded to Knot.Dating after raising $3.2 Mn in funding.
- Knot.Dating is an exclusive, invite-only matrimonial service targeting India's top-earning singles from premium institutions like IITs, IIMs, and BITS Pilani.
- The platform aims to match serious working professionals by using professional matchmakers and vetted profiles.
- Hood's original social media platform, allowing users to connect anonymously, is still active, but its future is unclear.
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Startupreporter
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Hemkunt Foundation Celebrates Eid with Slum Kids in Mumbai, Spreading the Message of Unity
- Hemkunt Foundation celebrated Eid with slum kids in Mumbai, spreading the message of unity.
- Volunteers distributed food, sweets, and gifts to ensure every child could experience the festival.
- Director of Hemkunt Foundation emphasized the importance of fostering harmony and togetherness through such initiatives.
- The celebration witnessed participation from volunteers of different faiths, promoting inclusivity and unity.
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TechCrunch
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Less than 24 hours to save $300+ on founder and investor passes for TechCrunch All Stage
- Less than 24 hours left to grab a $300+ discount on TechCrunch All Stage founder and investor passes.
- TechCrunch All Stage is the ultimate event where founders turbocharge growth, and investors spot the next big investment.
- 1,200 founders and investors will gain game-changing insights and connect with industry leaders on July 15 in Boston.
- Secure your discounted ticket before today ends to discover smart scaling strategies and learn from top VCs and industry experts.
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Massivelyop
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Blue Protocol’s mobile remake, Star Resonance, continues testing in China
- Blue Protocol's mobile remake, Star Resonance, is currently in testing in China.
- Bokura, a Tencent-owned company, is developing Star Resonance as a mobile version of Blue Protocol.
- The latest tests have revealed improved user interface, graphics, animations, and shorter loading times.
- The development team plans to enhance communication through newsletters, videos, and potential livestreams.
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Eu-Startups
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Phlux Technology bags over €10 million for their infrared sensor technology
- Sheffield-based infrared sensor startup, Phlux Technology, has raised €10.7 million in a Series A funding round.
- The funding will be used to enable the next generation of fibre broadband connectivity and expand into the optical communications and sensing markets.
- Phlux's patented infrared sensors are more sensitive and require less power compared to current alternatives, allowing for faster and more efficient connectivity in applications like fibre-optic broadband and advanced LIDAR sensing.
- The company plans to scale its team, increase production capacity, and strengthen commercial partnerships to meet growing international demand.
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Startupreporter
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Yoga Aravind Honored with Icon of Responsibility Award – A Trailblazer at 25
- Yoga Aravind, also known as Dr. Aravind Lakshminarayanan, has been honored with the Icon of Responsibility Award by the International Award Forum (IAF).
- At the age of 25, Yoga Aravind has made significant achievements in leadership, entrepreneurship, and social empowerment.
- He holds multiple national and international positions in various fields, including yoga, business, film production, and policymaking.
- Yoga Aravind's contributions extend across industries, making him a prominent figure in yoga, wellness, culture, and business innovation.
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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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