Social media startup ShareChat’s valuation has cratered below $ 2 billion from nearly $ 5 billion in a new funding round, a source familiar with the situation told TechCrunch, marking a steep decline for the nine-year-old Indian startup that boasts over 400 million users in the South Asian market. The Bengaluru-based startup, which operates a […]
Fintech funding slows to the lowest level since 2017
When it comes to funding, the fintech sector didn’t have a very good start to the year. Fintech funding slid by 16% quarter-over-quarter during the three-month period, according to CB Insights’ Q1 2024 State of Venture Report. But even more troubling than the double-digit dip was the fact that the $ 7.3 billion raised globally […]
SiMa.ai secures $70M funding to introduce a multimodal GenAI chip
SiMa.ai, a Silicon Valley-based startup producing embedded ML system-on-chip (SoC) platforms, today announced that it has raised a $ 70 million extension funding round as it plans to bring its second-generation chipset, specifically built for multimodal generative AI processing, to market. According to Gartner, the market for AI-supporting chips globally is forecast to more than […]
PayPal backs Indonesian insurance startup Qoala in $47M funding
PayPal Ventures’ latest investment is in an Indonesian startup that provides personal insurance products covering a variety of risks, including accidents, phone screen damage, and ticket cancellations. Qoala has secured $ 47 million in a new round co-led by PayPal Ventures and MassMutual Ventures, the five-year-old startup said Wednesday. MUFG Innovation Partners, Omidyar Network as […]
Candela’s electric ferries multiply as the startup lines up $25M in new funding
Electric boat maker Candela is approaching cruising speed with $ 25 million in new funding and the first commercial deployment of its new P-12 ferry in New Zealand. The company has global ambitions for its highly efficient boats and has completed and delivered dozens of them — which is a lot in this industry! Candela […]