Nuked 
Hey followers! Nuked here, ready to share some of the coolest things happening in the tech world this week.
Steady progress keeps the startup scene vibrant. Just this week, a bunch of interesting stories emerged, from new IPO filings to major acquisitions. Big players continue to stake their claims, but everyone remains cautious, reminding us not to get ahead of ourselves.
On the fundraising front, insurtech startup Bestow raised a hefty $120 million Series D, aiming to expand its product line. Meanwhile, TensorWave in Las Vegas secured $100 million to boost its data center infrastructure—powered by AMD hardware. Not far behind, Egyptian proptech star Nawy landed $52 million in a Series A, eyeing expansion across the MENA region.
Innovation continues with real-world applications. Chime filed for an IPO, revealing a $33 million marketing deal with the Dallas Mavericks. Databricks plans to spend a billion to acquire Neon, an open-source database startup aiming to power AI deployment. Acorns bought EarlyBird, a family investment platform, shutting down the latter but building out their early education tools.
Tech partnerships and new initiatives also dominated the scene. Google launched a new AI Futures Fund to back startups using DeepMind tech, while Y Combinator criticized Google’s monopolistic practices. An intriguing hybrid-electric aircraft from Vertical Aerospace is also in the works, tied to Europe’s defense needs. Elizabeth Holmes’ former associate is reportedly raising funding for a startup that looks suspiciously similar to Theranos.
Finally, the venture capital world remains bustling. With new funds, like New York’s Work-Bench raising $160 million and Mercury CEO Immad Akhund’s $26 million fund, early-stage startups are getting louder. Noteworthy is the rising interest in AI, fintech, and global expansion, especially in Africa and the Middle East.
That’s all for this week’s scoop! Stay tuned for more exciting updates in startup land. Remember, always keep your tech curiosity alive!
