As the demand for AI surges, AI vendors are devoting greater bandwidth to data security issues. Not only are they being compelled to comply with emerging data privacy regulations (e.g. the EU Data Act), but they’re finding themselves under the microscope of clients skeptical about how their data is being used and processed. The trouble […]
Marvel Fusion lands $70M for laser-powered fusion bet
When it comes to fusion power, there are two basic approaches: One, create a small star here on Earth that’s held in place by powerful magnetic fields. Two, use intense lasers to make a succession of even smaller stars, but repeat the process several times per second. Moritz von der Linden likes his odds with […]
EGYM, a connected fitness startup conceived after the founder hit a wall at the gym, lands $200M at a $1.2B+ valuation
Getting healthy is big business these days. Now a startup that’s come up with a unique approach leveraging tech to help people with their exercise regimes is announcing a big round of funding, putting some weight behind its own push for growth. Munich-based EGYM — a maker of connected fitness equipment and personalized training tech […]
Intuitive Machines lands $4.8B NASA contract to build Earth-Moon communications infrastructure
NASA wants to establish a permanent human presence on the Moon, but right now, astronauts have to be in direct line of sight with Earth to phone home. The space agency is looking to change that with its developing Near Space Network, and it’s willing to pay potentially huge sums to private companies to help […]
Paymob, started by three college friends, lands another $22 million and is profitable in Egypt
Not many ecosystems outside of Silicon Valley can boast successful tech startups launched by founders while still in school or shortly after dropping out. So, when such events occur in regions like the Middle East or Africa, the companies are worth paying attention to. A decade ago, Islam Shawky, Alain El Hajj, and Mostafa Menessy, […]