Author: dcmplx_admn

OpenAI cofounder Sutskever's new safety-focused AI startup SSI raises $1 billion

Synopsis The funding underlines how some investors are still willing to make outsized bets on exceptional talent focused on foundational AI research. That’s despite a general waning in interest towards funding such companies which can be unprofitable for some time, and which has caused several startup founders to leave their posts for tech giants. ReutersIlya […]

Zepto bags $340 million in funding, valuation jumps to $5 billion

Synopsis Zepto funding update: ET reported about quick commerce company Zepto finalising a $300 million funding round on August 12. This round values the company at $5 billion, marking a 3.5 times growth in the past year. Existing investors such as StepStone, Lightspeed, DST Global, and Contrary have also participated in the latest funding round, […]

ETtech Deals Digest: Startups raise $1.47 billion in August; up 89% on year

Synopsis The funds were raised by startups, largely in the early and late stages, across 86 rounds. In July 2024, startups raised around $718 million from 72 rounds. ETtech Startups raised a total funding of about $1.47 billion in August 2024, marking an 89% increase from the same period last year, when they had raised […]

Employee insurance and wellbeing startup YuLife raised $120 million from one of Japan's biggest insurers using this 13-slide pitch deck

Tech Employee insurance and wellbeing startup YuLife raised $120 million from one of Japan’s biggest insurers using this 13-slide pitch deck This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. London-based life insurance startup YuLife has raised $120 million in fresh funding.  The […]