Tag: Startup company

BusinessStartups

Deel Secures $300 Million Funding, Cofounders’ Wealth Surges Amid Rivalry with Rippling

Deel has raised $300 million from top investors, elevating its valuation above Rippling’s for the first time since 2022. The funding increases cofounders’ fortunes, though Rippling’s Parker Conrad remains wealthier. Ongoing lawsuits between the HR software giants add complexity to their competition.

Funding Round Elevates Deel’s Market Position

HR software startup Deel has reportedly secured $300 million in new funding from Ribbit Capital, Coatue, and Andreessen Horowitz, according to recent reports. This investment has pushed the company’s valuation to $17.3 billion, surpassing rival Rippling for the first time since 2022. Sources indicate that the deal has significantly increased the net worth of Deel’s cofounders, Alex Bouaziz and Shuo Wang, by an estimated $500 million each.

by Priya Kapoor
AIStartups

AI-Powered Advertising Platform AdsGency Secures $12M Seed Funding to Automate Multi-Channel Campaigns

San Francisco startup AdsGency has raised $12 million in seed funding to develop its AI-powered advertising automation platform. The company aims to extend Meta’s vision of fully automated advertising to multiple digital platforms including Google and TikTok.

AI Advertising Platform Attracts Major Investment

San Francisco-based startup AdsGency has reportedly secured $12 million in seed funding to advance its artificial intelligence-driven advertising platform, according to recent reports. The funding round was led by XYZ Venture Capital with participation from Streamlined Ventures, HF0, and Hat-Trick Capital.

by Samuel Kim
AIRobotics

Romanian AI Startup .lumen Expands from Assistive Tech to Urban Delivery Robots with €11M EU Grant

Romanian DeepTech firm .lumen, known for AI-powered glasses aiding the visually impaired, has received an €11 million grant to develop autonomous delivery robots. The project aims to deploy sidewalk-navigating robots for urban logistics, marking a significant expansion of the company’s AI vision technology.

From Assistive Technology to Urban Logistics

Romanian startup .lumen is expanding its artificial intelligence vision technology from assisting the visually impaired to powering urban delivery robots, according to recent reports. The Cluj-Napoca-based company has secured an €11 million grant for its “PABLO – Autonomous Robots for Urban Delivery” project, funded under the European Union’s Intelligent Growth, Digitalization, and Financial Instruments Programme 2021-2027.

by Samuel Kim