Delivery service Rappi is getting ready for a future initial public offering (IPO). The company, which is one of Latin America’s most valuable startups, does not have a timeline for an IPO but aims to be ready for one “when it makes sense,” Rappi Chief Financial Officer Tiago...
Tabs has secured $7 million in seed funding to scale its artificial intelligence (AI) accounts receivable (AR) platform. The company’s Tabs AI platform understands and extracts business-to-business (B2B) contractual elements; automates contract ingestion, invoicing and payments; and streamlines companies’ accounting processes, Tabs said in a Thursday...
Artificial intelligence startup Glean said it entered unicorn territory. The company raised more than $200 million from investors that include Citigroup, Capital One Ventures, Databricks and Sequoia, valuing the firm at $2.2 billion, according to a Tuesday (Feb. 27) blog post. “Our investors join us...
OpenAI Chairman Bret Taylor has launched Sierra, an artificial intelligence (AI) chatbot startup, aiming to develop conversational AI agents specifically designed for businesses. Taylor told Bloomberg Technology that Sierra operates at a different layer of the AI stack compared to OpenAI’s ChatGPT, dismissing concerns about potential competition, Bloomberg reported Wednesday...
September 14, 2023
It’s a challenging economy for consumers — and startups don’t have it any better. Nine out of every 10 startups that raise money end up failing over a 10-year period. Observers believe that venture-backed startups fail at higher numbers than the industry usually cites. Although far more businesses fail than eventually succeed, the process of shutting down a company can often […]
May 04, 2023
Total investment raised by startups in the Middle East and North Africa region (MENA) and broader Gulf Cooperation Council (GCC) area crossed the $3 billion mark in 2022 as investors...
April 07, 2023
In a challenging macroeconomic market that has led to a sharpened focus on belt-tightening, FinTech firms are under mounting pressure from investors to pivot from growth to profitability. It’s a...
December 29, 2022
Global economic volatility and recession risk test the business resilience of startups. But for firms in emerging markets across Africa and the Middle East, the macroeconomic impact on business growth...
May 07, 2024
A Paris-based artificial intelligence (AI) startup called Holistic has reportedly raised $200 million in the first tranche of an initial funding round. The firm was formed by scientists who left DeepMind and aim to develop “multi-agent” models in which several AI systems interact with one another, Bloomberg reported Tuesday (May 7), citing unnamed sources. When reporting on […]
April 11, 2024
Delivery service Rappi is getting ready for a future initial public offering (IPO). The company, which is one of Latin America’s most valuable startups, does not have a timeline for an IPO...
April 11, 2024
Tabs has secured $7 million in seed funding to scale its artificial intelligence (AI) accounts receivable (AR) platform. The company’s Tabs AI platform understands and extracts business-to-business (B2B) contractual elements; automates...
February 27, 2024
Artificial intelligence startup Glean said it entered unicorn territory. The company raised more than $200 million from investors that include Citigroup, Capital One Ventures, Databricks and Sequoia, valuing the firm...
