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, […]
How Techstars, Meta helped profitable LatAM startup Mercately raise a $2.6M seed
In Latin American countries like Brazil and Chile, messaging platform WhatsApp has become one of the most popular apps to buy things online. It was even the ecommerce platform of choice in the region during the pandemic. But WhatsApp is designed to be a messaging platform, not an e-commerce site. A startup called Mercately is […]
August was Medium’s first profitable month — ever
August was online publishing platform Medium’s first profitable month — ever. That’s according to Medium CEO Tony Stubblebine, who on Wednesday published a recap of Medium’s recent digital Medium Day 2024 conference. Stubblebine says that Medium had over a million members as of April, and that more members “than ever before” are subscribing to the […]
AI startup Hebbia raised $130M at a $700M valuation on $13 million of profitable revenue
Hebbia, a startup that uses generative AI to search large documents and respond to large questions, has raised a $ 130 million Series B at a roughly $ 700 million valuation led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures and Peter Thiel. And its funding demonstrates that 50x annual recurring revenue (ARR) […]
GPTZero’s founders, still in their 20s, have a profitable AI detection startup, millions in the bank and a new $10M Series A
Among all the young AI startups being ruthlessly pursued by VCs these days, GPTZero has already grown into profitability in its first year and a half of life, generating millions in revenue. Founded by 24-year-old Edward Tian and 26-year-old Alex Cui, who’ve been friends since high school, GPTZero offers a detection tool that helps identify […]