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Startup News
Inc42
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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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Gritdaily
3w
105
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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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Medium
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232
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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
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198
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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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Pymnts
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35
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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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Medium
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176
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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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Medium
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88
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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Inc42
3w
52
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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
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313
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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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Inc42
3w
75
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Zaggle To Acquire 45% Stake In SaaS Company Effiasoft For INR 36.7 Cr
- Fintech SaaS company Zaggle plans to acquire a 45.33% stake in Effiasoft for INR 36.72 Cr.
- Zaggle received approval from its board to acquire the stake from Effiasoft cofounders.
- The acquisition will enhance Zaggle's tech stack and drive digital transformation in the fintech space.
- Zaggle aims to complete the transaction in the next 90 days.
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Mit
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432
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Making higher education more accessible to students in Pakistan
- EduFi, founded by Aleena Nadeem ’16, offers low-interest student loans in Pakistan using an AI-based credit scoring system to pay colleges directly.
- With their 'Study Now, Pay Later' system, they break upfront college costs into affordable installments, making education accessible to more people in Pakistan.
- EduFi disbursed over half a million dollars in loans within six months of operations, with a repayment success rate of over 99.99%.
- The company's inclusive loan qualification process aims to contribute to Pakistan's modernization and development.
- EduFi's algorithmic credit scoring system considers a borrower's financial history and pays colleges directly on their behalf, without requiring collateral.
- Borrowers repay loans with a minimal service fee of 1.4%, making college more accessible and helping individuals change their families' lives.
- EduFi aims to expand beyond Pakistan to offer student loans in Saudi Arabia and eventually throughout the Middle East, with a view to revolutionizing the global student loan system.
- Aleena Nadeem envisions EduFi as the 'SoFi of Pakistan and the Middle East,' combining the model of SoFi in the US with the inclusive credit approach of Grameen Bank in Bangladesh.
- By providing easier access to education, EduFi believes it can accelerate the development of nations by making education more accessible and affordable.
- Aleena Nadeem's personal experiences and education at MIT have shaped EduFi's mission to make higher education more accessible and affordable, ultimately empowering individuals and nations.
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26 Likes
Medium
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128
Trump’s $5 Million 'Gold Card' Proposal
- The Trump administration has proposed a 'gold card' program, where wealthy individuals can buy a special visa for $5 million.
- Commerce Secretary Howard Lutnick claims that 1,000 gold cards were sold in a single day, injecting $5 billion into the economy.
- The administration estimates that 37 million individuals worldwide could afford to buy one, with a goal of selling at least 1 million and raising $5 trillion to help reduce national debt.
- Critics argue that this system could turn America into a luxury product for the ultra-rich, with no guarantees of benefiting American workers.
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The Pragmatic Engineer
3w
50
Image Credit: The Pragmatic Engineer
The Pulse #128: Mishandled security vulnerability in Next.js
- A vulnerability allowed bypassing of authentication at the middleware layer in the popular React framework.
- Cloudflare stepped in with a security fix after no meaningful communication from Vercel.
- Meta cut CPU utilization across its ads infrastructure 20%, with a one-character change.
- Google buys Wiz for $32B in biggest-ever tech acquisition.
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Hackernoon
3w
260
Image Credit: Hackernoon
Meet FoundersToday, Forbes Group, Bloklab Limited: HackerNoon Startups of the Week
- The HackerNoon Startups of the Week feature highlights startups from the Startups of The Year database, showcasing nominated startups in various categories and regions.
- This week's featured startups are FoundersToday, The Forbes Group, and Bloklab, each excelling in different sectors and regions.
- FoundersToday, based in Linz, Austria, serves as a startup publication media offering high-quality content on emerging technologies and entrepreneurial journeys. It has received nominations in various categories.
- The Forbes Group, located in Calgary, Canada, specializes in consultancy services focusing on sustainability compliance and operational excellence. It has garnered nominations in leadership and professional services.
- Bloklab Oy, based in Helsinki, Finland, is a leading tech startup in blockchain and decentralized finance. It aims to optimize digital assets with a focus on security and transparency.
- HackerNoon showcases a featured interview template for Sao Paulo startups, encouraging businesses to share visions, projects, and strategies while highlighting their city's entrepreneurial environment.
- FoundersToday shared their excitement about participating in HackerNoon’s Startups of the Year, emphasizing the platform's tech-savvy audience and networking opportunities for growth.
- HackerNoon offers lead generation packages through its newsletter, providing exposure to tech companies through targeted newsletters and promoting their Evergreen Tech Company News Page.
- Startups of The Year 2024 is HackerNoon’s community-driven event honoring innovative startups globally, with opportunities for recognition, free interviews, and branding exposure.
- HackerNoon's event sponsors include Wellfound, Notion, Hubspot, Bright Data, and Algolia, offering services to support startups in various aspects of their growth and development.
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Inc42
3w
247
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Social Media Platforms Seek AI Labelling, Clear Definition To Curb Deepfakes
- Social media platforms and industry stakeholders have called for mandatory AI labelling standards and grievance redressal mechanisms to crack the whip on deepfakes.
- The lack of a standard definition for deepfakes and the need for regulation around mandatory AI content disclosure, labelling standards, and grievance redressal mechanisms were discussed during stakeholder meetings.
- The stakeholders emphasized the growing misuse of deepfakes and the need for stricter enforcement rather than new laws.
- The committee formed to study management and regulation of deepfakes highlighted the importance of advanced detection tools, watermarking, collaboration with technology firms, and educating users on identifying and understanding deepfakes.
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