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 […]
D2C sports nutrition startup Nutrabay raises $5 million in funding from RPSG Capital Ventures
D2C sports nutrition startup Nutrabay raises $5 million in funding from RPSG Capital Ventures