European accelerators are going through an interesting time right now. For example, TechStars Stockholm was all set to launch and then abruptly shut down. And I think it’s now generally accepted that most accelerators outside of YCombinator are too often “less than adequate,” to put it diplomatically. Perhaps an exception to this oft-repeated phrase, in … Read more
While the past few years saw a big drive towards employee care, the last few months the pendulum has swung the other way. The technology industry has been plagued by layoffs and economic uncertainty – and that directly affects the morale and well-being of the existing workforce, which in turn affects their productivity. Digital health … Read more
To get a roundup of businesskinda.com’s biggest and most important stories delivered to your inbox every day at 3PM PDT, register here. Happy Thursday, Crunchers! If you’ve been to Disrupt before, you’ll remember we had a few or three stages. This year we’re going all out, with a number of tracks to pique your curiosity. … Read more
Stability AI, the startup funding a series of generative AI experiments, has released a new version of Stable Diffusion, the text-to-image AI system that was one of the first to rival OpenAI’s DALL-E 2. called Stable diffusion XL or SDXL, the new system – which is available in beta through DreamStudio, Stability AI’s generative art … Read more
Generative AI, especially text-to-image AI, attracts as many lawsuits as venture capital. Two companies behind popular AI art tools, Midjourney and Stability AI, are entangled in one legal case who claims they violated the rights of millions of artists by training their tools on web-scraped images. Separately, stock image provider Getty Images has taken Stability … Read more
Meet Thynk, a new company that aims to build the definitive enterprise software solution for the hospitality industry. The startup just raised a $13 million Series A round. This round was led by Singular, which also includes a New York-based fund managed by Itai Tsiddon and the Belgian investment company CNP (Groupe Frère). Fly Ventures, … Read more
To get a roundup of businesskinda.com’s biggest and most important stories delivered to your inbox every day at 3PM PDT, register here. Good morning, glorious souls. Did you stretch today? As you get ready for businesskinda.com’s newsletter and top stories for today, can you grab a glass of water? We care about you and we … Read more
Since the tech downturn began to affect startups, one question kept popping up: what if we witness a correction? The question implied that the way deals were closed in recent years, mostly in late 2020 and almost all of 2021, was the exception, not the rule, and venture capital was returning to normal. But what … Read more
The pace at which new billion-dollar start-ups are in freefall. Given what we’ve seen recently regarding the late-stage funding market, we shouldn’t be shocked. As late-stage dollars recede and capital served in mega rounds — deals worth $100 million or more — evaporates, the fuel that once propelled many a startup rocket into the valuation … Read more
General Atlantic has poured another $100 million into PhonePe, three months after a $350 million investment in the Indian fintech startup that has so far raised $750 million in an ongoing round of funding. Walmart-backed PhonePe announced the investment Wednesday in a filing with the local regulator. A spokesperson for the company confirmed the investment. … Read more