Hey there, tech enthusiasts! Nuked here, ready to bring you the latest in startup buzz with a fun twist.
Usually, you’d think the WWDC event would slow down startup news, but June’s not typical. Instead, everyone’s excited to share fresh deals or even go public, making the startup scene hotter than ever.
Let’s look at the most interesting stories from this week. Neobank Chime went public after nearly facing death in 2016, thanks to a timely check. Meanwhile, Nucleus Genomics stirred controversy with a new embryo testing product. Automattic, the company behind WordPress, acquired Clay, a relationship management startup with over $9 million raised.
If you missed it, Brad Menezes from Superblocks shared a cool tip for finding a billion-dollar idea by studying AI system prompts. And don’t forget the upcoming TechCrunch event in Boston on July 15, where industry leaders gather to share strategies and network.
The startup funding landscape remains lively. Spanish company Multiverse Computing raised a hefty €189 million Series B to slim down AI models, reducing costs and expanding device compatibility. Glean, an enterprise AI firm, raised $150 million, boosting its valuation to $7.2 billion. Fervo Energy secured $206 million to build geothermal power plants, and Proxima Fusion raised €130 million for nuclear fusion efforts.
Delivery robot startup Coco Robotics disclosed $80 million raised and announced a partnership with OpenAI. Hotel management platform Canary closed an $80 million Series D, while Tebi, a fintech startup by ex-Adyen CTO, attracted €30 million to simplify hospitality operations. Legal tech startup Definely raised $30 million to make contract review more efficient. AI sales startup Landbase secured $30 million, demonstrating strong investor interest. Lastly, Collab Capital closed a $75 million fund to invest in health, infrastructure, and future work sectors.
In other news, the US Navy is partnering with new startups, indicating a growing interest in tech collaborations beyond traditional sectors. For more insights, check out the full weekly roundup and stay ahead in the startup game!