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Startup News
Medium
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The Little Things That Matter in Early-Stage Startups
- Vistapath Bio faced challenges in finding a specific GPU crucial for their building process, which was hard to source due to supply chain issues.
- An individual had the needed GPU and provided it to Vistapath Bio without any publicity or negotiations, emphasizing the importance of small gestures in early-stage startups.
- Success in early-stage startups often depends on small acts of assistance like making key hires, delivering critical builds, or meeting tight deadlines, rather than flashy presentations or funding.
- The significance of receiving timely help, such as access to necessary tools when facing obstacles, is highlighted as instrumental in propelling startups forward.
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Inc42
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Lenskart Turns Into A Public Entity Ahead Of Its IPO
- Lenskart has converted into a public entity in preparation for its IPO, changing its name to "Lenskart Solutions Limited".
- The company aims to undertake its IPO on one or more stock exchanges, with reports indicating a valuation of $7-8 billion.
- Lenskart roped in Kotak Mahindra Bank and Morgan Stanley for its IPO, with plans for a pre-IPO round of around $1 billion.
- The startup's financials show a significant improvement, with its net loss narrowing by 84% in FY24, while operating revenue increased by 43%.
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Inc42
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Nazara Completes Acquisition Of Smaaash For INR 126 Cr
- Nazara Technologies has completed the acquisition of sports entertainment startup Smaaash Entertainment for INR 126 Cr.
- The acquisition was done through a corporate insolvency resolution process approved by NCLT, with Nazara now owning Smaaash as its wholly owned subsidiary.
- Nazara invested INR 10 Cr for equity shares and extended an inter-corporate loan of INR 116 Cr to settle Smaaash's dues.
- Smaaash, a gaming and entertainment centre, blends sports simulation, virtual reality, and dining experiences; Nazara aims to balance its online operations with physical gaming venues.
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TechCrunch
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Inside Anthropic’s AI ambitions with Jared Kaplan
- Anthropic, an AI startup, has had a busy year including raising $3.5 billion at a $61.5 billion valuation, launching a blog for its Claude models, and partnering with Apple for a new software platform.
- A conversation with Jared Kaplan, co-founder and chief science officer at Anthropic, was featured in a recent episode of Equity, discussing topics such as access to AI models, pivot towards agentic AI systems, and the development of internal tools like Claude Code.
- The discussion also covered Anthropic's goals of openness, safety, and sustainability in AI, building AI that enterprises can trust, and the impact on human interactions with software and work.
- Equity, TechCrunch’s flagship podcast, features episodes every Wednesday and Friday, covering topics related to technology, AI, and startups. You can subscribe on Apple Podcasts, Overcast, Spotify, X, and Threads.
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Hackernoon
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Cybersecurity Essentials For Startups: 8 Tools to Scale Safely (and Avoid a Breach)
- Many cybersecurity tools are not startup-friendly due to being expensive or complex, but 43% of cyberattacks target small businesses.
- A list of essential and startup-friendly cybersecurity tools that can protect businesses without overwhelming them has been compiled.
- Firewalls act as gatekeepers for networks, blocking malicious traffic and ensuring network security. Recommended firewall tools include Netgate pfSense, Bitdefender GravityZone, and Sophos XG Firewall.
- Antivirus software is crucial for scanning, blocking, and cleaning malicious software. Some recommended options are McAfee Total Protection, Norton Small Business, and Trend Micro Worry-Free Services.
- Multi-Factor Authentication (MFA) adds an extra layer of security, preventing unauthorized access even if passwords are compromised. Google Authenticator, Duo Security, and Microsoft Authenticator are top MFA tools.
- Virtual Private Networks (VPNs) encrypt internet connections, essential for protecting data on public WiFi. ExpressVPN, OpenVPN, and ProtonVPN are recommended VPN tools for startups.
- Vulnerability scanners, like Rapid7 InsightVM, OpenVAS, and Tenable Nessus, are crucial for identifying weaknesses and potential security threats within systems.
- Encryption tools, such as FileVault, Tresorit, and BitLocker, protect sensitive data by encoding it, meeting compliance requirements and ensuring privacy.
- Password managers like 1Password, Bitwarden, and Dashlane assist in storing and managing secure passwords, simplifying login processes.
- Backup tools like Acronis Cyber Protect, Google Drive, and Backblaze are essential for creating copies of important data to prevent data loss in case of device failure or cyber attacks.
- Cybersecurity forms a critical part of the foundation for startups, and having the right tools in place is essential to protect business assets and data.
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Inc42
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400
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Ravi Iyer Named CFO Of Flipkart’s Marketplace Biz
- Ravi Iyer has been appointed as the Chief Financial Officer (CFO) of Flipkart's marketplace arm.
- Iyer, currently the Senior Vice President of Flipkart's corporate business unit, will report to group CFO Sriram Venkataraman.
- His new role includes overseeing corporate development, finance planning, investor relations, and the CEO's office at Flipkart.
- The appointment is part of Flipkart's effort to strengthen its finance leadership and enhance partnerships, amidst preparations for its upcoming IPO.
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ISN
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Paytm rival PhonePe to launch UPI payments for feature phones
- PhonePe has acquired Gupshup's GSPay technology stack to enable UPI-based payments for feature phones.
- PhonePe plans to launch its own feature phone-based UPI payment mobile app with basic UPI features like P2P transfers and QR payments.
- The company aims to create payment interoperability between feature phone and smartphone users.
- PhonePe's CEO, Sameer Nigam, expressed excitement in enabling feature phone users to participate in the digital payments market, targeting India's 24 crore feature phone users.
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TechCrunch
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Genetics testing startup Nucleus Genomics criticized for its embryo product: ‘Makes me so nauseous’
- Nucleus Genomics, a startup founded by Kian Sadeghi, recently faced criticism for its new product, Nucleus Embryo.
- The product claims to test IVF embryos for appearance, IQ, anxiety, and other health attributes, moving beyond traditional genetic testing for specific diseases.
- Nucleus uses 'polygenic scores' to determine complex genetic outcomes like intelligence and anxiety, which is controversial and not widely used in healthcare.
- While Nucleus defends its method with validated methods for common diseases, critics express disbelief and horror at the idea of creating designer babies.
- The startup, backed by investors like Founders Fund and Alexis Ohanian's 776, previously faced backlash for its Nucleus IQ product, criticized as 'bad science and big business.'
- Nucleus is not directly conducting tests but partnering with Genomic Prediction for IVF clinics, where parents can voluntarily upload genetic data for analysis.
- The controversial move by Nucleus has sparked discussions about the ethical implications of genetic testing for appearance and complex traits in embryos.
- The company's founder, Sadeghi, compares the acceptance of genetic optimization to IVF, stating that the technology is here to stay despite concerns.
- The announcement of Nucleus Embryo has stirred strong reactions, with some expressing disbelief in the efficacy of the product and others feeling uneasy about the implications.
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Inc42
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Nvidia, Andhra Govt To Set Up AI University, Upscale 10,000 Students
- Andhra Pradesh government signs MoU with Nvidia to establish AI university in the state.
- Partnership aims to train over 10,000 students in AI and support growth of 500 AI startups.
- Nvidia to provide curriculum guidance, technical training resources, and insights for AI factories in the state.
- Initiative part of national push towards AI skilling, with states like Uttar Pradesh and Haryana also taking steps in this direction.
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Medium
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407
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This Might Sound Crazy, But What If India Had Its Own Google?
- A vision called BharatStack envisions India's own decentralized, data-driven digital ecosystem to shift the digital balance of power.
- BharatStack imagines an internet where every Indian owns their identity, data, and digital tools without Big Tech intermediaries.
- Key modules of BharatStack include BharatID, IndiMail, ConsentVault, $DATA Token, BharatDocs/Sheets/Forms, BharatCloud, and BharatPay Layer.
- The initiative aims to provide privacy, ethics, and ownership in digital services, as India becomes a leading data economy.
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Gritdaily
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Roboro Expands to Virginia and South Carolina, Bringing AI Clarity to the Chaos of State Politics
- Roboro, an AI-powered legislative intelligence platform, is expanding its operations into Virginia and South Carolina after a successful adoption in North Carolina.
- The platform offers live policy alerts, plain-language bill summaries, predictive analytics, and real-time audio of committee meetings to help users track legislative changes in real time.
- Roboro's AI technology analyzes tone, timing, and trendlines to provide early warning signals for emerging issues, reducing the lag between legislative action and stakeholder response.
- The platform aims to redefine state-level advocacy by providing custom, AI-powered insights, and plans for national expansion after establishing a strong regional presence.
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TechCrunch
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Startups Weekly: It’s buying season
- Startups Weekly highlighted a busy week of acquisitions in the startup world, ranging from stealth startups to larger ones.
- Key acquisitions included Cellebrite acquiring Corellium for $170 million, IBM acquiring Seek AI, and Collibra acquiring Raito for data governance.
- AMD acquired Brium to challenge Nvidia in AI software optimization, and Snowflake planned to purchase Crunchy Data to enhance Postgres capabilities.
- Interesting developments included Scale AI hiring the team from Pesto AI, Airtime laying off employees, and Indian grocery startup KiranaPro being hacked.
- In VC news, Anduril raised a massive $2.5 billion Series G round, Cursor secured $900 million, and Neuralink obtained $650 million in a Series E funding.
- Bolttech closed a $147 million Series C, Speedata raised $44 million, and Nomupay landed a $40 million Series C to expand in Asia.
- Obvio raised $22 million for its AI-driven initiative to detect unsafe driving, and North American AI startups dominated in VC funding compared to Europe and Asia.
- Elad Gil, known for investing in AI startups early on, now focuses on traditional businesses that AI can revolutionize and make more profitable.
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Medium
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Why No One’s Talking About Behavioral Due Diligence… and Why That Needs to Change
- Behavioral due diligence, focusing on the behavior of the team under pressure, is a critical aspect in determining the success of early-stage startups.
- Despite its significance, behavioral diligence is often not given enough attention and is not a standard practice in many firms.
- Venture capital tends to prioritize financial risk over human risk, leading to behavioral factors being overlooked in investment decisions.
- Understanding behavioral patterns, leadership styles, and emotional intelligence of a team is crucial for long-term success in the startup ecosystem.
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Gritdaily
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A Radical Prescription: David Bell Calls for Mandatory Drug Testing of All Government Employees
- David Bell advocates for mandatory drug testing of all government employees, attributing it to the nation's mounting debt, waste, and security concerns.
- His call extends beyond safety-sensitive roles to include elected officials, judges, agency heads, and bureaucrats, emphasizing the importance for all government employees.
- Bell's advocacy for drug testing dates back over a decade, with a focus on enhancing safety and financial security in America.
- He highlights the critical need for fiscal responsibility, given the staggering national debt that continues to rise rapidly.
- Bell asserts that substance abuse exacerbates poor judgment and corruption, contributing to the country's economic challenges.
- Citing statistics, he reveals the prevalence of drug issues in Washington, D.C., underscoring the severity of the problem.
- Bell warns of the national security risks posed by drug use among government personnel, including the potential for blackmail and policy manipulation.
- He proposes mandatory drug testing as a proactive measure to address financial waste, enhance accountability, and safeguard the economy.
- Bell predicts dire consequences if drug testing is not implemented, such as declining credit rating, inflation, and recession.
- In conclusion, Bell emphasizes the urgency of drug testing to protect America's economic stability and prevent financial disaster.
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Insider
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404
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Big Tech is vibe coding with these winning AI startups
- The generative AI race in coding is seeing winners emerge, including Cursor, Codium, Cognition AI, and Microsoft's GitHub Copilot.
- Amazon is making the AI coding tool 'Cursor' from startup Anysphere available to its employees, despite having its own AI coding assistants like Q and 'Kiro.'
- Companies like Google, Amazon, and Microsoft are opting for external AI coding tools, indicating a shift towards utilizing third-party services over their in-house solutions.
- AI coding tools like Cursor and Replit are making coding more accessible to non-technical individuals, with some tools like Cursor suited for professional software engineers while others like Replit are more user-friendly for beginners.
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