EducateKaro – Handpicked Tech & Startup News: Summarized for You
Handpicked Tech & Startup News: Summarized for You
Quantum startup PsiQuantum is securing $750M at a $6B valuation, led by BlackRock. The company, using photonics tech for quantum chips, is scaling up production. Partnering with GlobalFoundries, Australia, and the US, it plans to build quantum computers in Brisbane and Chicago, aiming for a functional machine by 2029.
Read more on yahoo
SoftBank’s betting big on AI, snapping up a $676 million Sharp factory in Osaka to turn it into an AI data center. Partnering with OpenAI, they’ll train models using client data, aiming to launch operations by 2026. It’s their third data center in Japan, powering up to 240 megawatts!
Read more on TechCrunch
Zomato billionaire Deepinder Goyal and former COO Surobhi Das are teaming up for LAT Aerospace, a stealth startup crafting affordable 12-24 seater STOL aircraft for regional travel. Goyal’s invested $20M, mentoring from the sidelines, while Das leads. They’re eyeing $50M more to build a top-notch team in Delhi!
Read more on ISN
AI startups are grabbing tons of venture capital, with Anysphere, the team behind the AI-powered code editor Cursor, aiming for a $10 billion valuation in its latest funding round. This mirrors a hot trend, as European players like Poolside AI and Lovable also rake in big investments, showing AI coding’s global boom.
Read more on TechFundingNews
Silicon Valley’s AI startups are hitting big revenue with tiny teams, sparking a shift at Y Combinator. Some founders, like one aiming to “summit Everest” with less venture capital, prioritize ownership over hefty funding. While investors charm with cash, others warn that underfunding risks being outpaced by well-financed rivals.
Read more on TechCrunch
Synctera, a Banking-as-a-Service startup, raised $15 million in a Series A extension, bringing its total funding to $94 million. Despite Synapse’s collapse shaking the industry, Synctera’s revenue soared 80% and gross profit jumped 230% year-over-year. CEO Peter Hazlehurst credits its compliance focus and aims for breakeven by early 2026.
Read more on TechCrunch
Darwinbox, an Indian startup, just raised $140 million to expand its all-in-one HR SaaS platform, taking on big names like Rippling and Deel. Co-led by KKR and Partners Group, with investors like Microsoft and Sequoia, they’re targeting the U.S. market, serving over 1,000 enterprises and 3 million employees with flair!
Read more on TechCrunch
