Fisker Hires Restructuring Advisers Amid Bankruptcy Concerns
Fisker, the electric vehicle manufacturer, is reportedly considering bankruptcy filing amidst challenges including potential delisting, doubts about continued operation, and significant costs. Despite a 300% increase in deliveries, Fisker is seeking outside investment and a potential partnership with Nissan for electric trucks. Plans for new vehicle designs have been unveiled, but the company has faced setbacks leading to a potential bankruptcy filing and a decline in after-hours trading.
Kimer Med Secures $1.3 Million Contract for Antiviral Drug Development
Kimer Med, a biotech startup in New Zealand, has secured a $1.3 million contract to advance antiviral drug development. The focus is on developing new antiviral drug candidates for the treatment of alphaviruses, which can cause significant human and animal disease. Kimer Med has shown progress in developing antivirals with efficacy against various viruses, including Dengue and Zika.
WeedOUT, Ltd. Secures $8.1 Million in A-Round Funding to Combat Weed Resistance
Ag-tech start-up WeedOUT, Ltd., has secured $8.1 million in A-round funding from leading investor Fulcrum Global Capital, Bunge Ventures, and Clay Capital. The company’s breakthrough green solution aims to combat herbicide-resistant weeds, specifically targeting the Palmer amaranth weed. With its innovative approach, WeedOUT is poised to make a substantial impact on sustainable agriculture and food production.
KTrust Emerges from Stealth with $5.3M Seed Round for Innovative Kubernetes Security Approach
NewsKTrust, a cyber company, has emerged from stealth with a Seed round of $5.3 million for its innovative approach to detecting exposures in Kubernetes. KTrust’s proactive Continuous Threat Exposure Management (CTEM) platform autonomously discovers attack paths, maneuvers around security measures, and provides in-depth visibility into a customer’s K8s ecosystem. With a focus on proactive K8s security, KTrust aims to meet critical market demand and empower DevSecOps globally.
Guardrails AI secures $7.5M seed round to help companies manage risks associated with building AI applications
Guardrails AI, a San Francisco-based startup co-founded by Seattle tech veteran Diego Oppenheimer, has secured a $7.5 million seed round to further its mission of helping companies manage risks associated with building AI applications. The company’s open-source platform aims to ensure reliability and prevent unintended outputs when working with large language models and other AI-related applications. With key investors and experienced industry professionals at the helm, Guardrails AI is poised to make a significant impact in the AI technology landscape.
Former Salesforce co-CEO and ex-Google executive launch conversational AI platform Sierra
Former Salesforce co-CEO Bret Taylor and ex-Google executive Clay Bavor have launched Sierra, a conversational AI platform for businesses, securing $110 million in funding. Despite competition, Sierra has garnered support from prominent Silicon Valley investors and is facilitating hundreds of thousands of customer conversations every month. Taylor, now the CEO of Sierra, is enthusiastic about democratizing AI for businesses of all sizes and aims to make AI a standard feature for businesses, regardless of their technical expertise.
Indian Startup Investors Of 2023
Despite a decline in funding for Indian startups in 2023, investors continue to show faith in the ecosystem. The article explores the challenges faced by startups, the optimism for the future, and highlights the top startup investors of 2023.
Startups Call for Streamlined US Regulations for Emerging Space Capabilities
Startups Call for Streamlined US Regulations for Emerging Space Capabilities February 1, 2024 ORLANDO, Fla. — The SpaceCom conference held in Orlando saw executives from space startups emphasizing the need for updated regulations to keep pace with the advancements in…
11 Questions Every Entrepreneur Should Ask Themselves
We’ve all heard lots of start-up pitches. Most of them put us to sleep. Many of them make no sense at all. Some even anger us because of their bad form and content. So here’s a primer expressed in 11…
Ola Founder Bhavish S. Krutrim Becomes First Indian AI Startup to Reach $1 Billion Valuation
Breaking News: Ola Founder Bhavish S. Krutrim Becomes First Indian AI Startup to Reach $1 Billion Valuation In a major milestone for the Indian startup ecosystem, Ola founder Bhavish S. Krutrim has achieved a significant feat by becoming the first…