EducateKaro – Handpicked Tech & Startup News | Quick, Smart Summaries
Handpicked Tech & Startup News | Quick, Smart Summaries
Perplexity has launched Perplexity Labs for Pro subscribers, enabling users to create reports, dashboards, web apps, and more using AI. Available on web and mobile, Labs boosts functionality with tools like code execution and data visualization. The move strengthens Perplexity’s enterprise appeal, aligning with reports of a potential $1B raise at an $18B valuation.
Read more on:TechCrunch
Grammarly has landed a $1 billion non-dilutive commitment from General Catalyst’s Customer Value Fund, designed to support sales, marketing, and strategic acquisitions. Instead of equity, Grammarly will repay the capital via a capped share of revenue. The AI productivity firm, now led by ex-Coda CEO Shishir Mehrotra, earns $700M+ annually and continues evolving post its Coda acquisition.
Read more on:TechCrunch & Yourstory
Mumbai-based Snabbit has raised $19M in a Series B round led by Lightspeed, bringing its 2024 total to $24.5M. The quick service startup, now active in 10 micro-markets, plans to expand to 200+ in 9 months. Founder Aayush Agarwal cites strong traction in Mumbai and Bengaluru as the driver behind this aggressive growth push.
Read more on:YourStory
Walmart says quick commerce now forms 20% of its India ecommerce via Flipkart, which is rapidly scaling Flipkart Minutes with 800 stores planned. Backed by recent capital infusions, Walmart prioritizes growth over short-term profits. Meanwhile, Myntra received $125M funding and launched Myntra Global, aiming to serve the Indian diaspora with hyper-personalized fashion and beauty offerings.
Read more on:YourStory
NVIDIA kicked off fiscal 2026 with a record-breaking $44.1 billion in Q1 revenue, up 69% year-over-year, led by explosive demand in its data center business—which alone contributed $39.1 billion, or 88% of total sales. Even as U.S. export curbs hit shipments of its H20 AI chips to China, NVIDIA still pulled in $4.6 billion from those chips before the licensing kicked in.
Read more on:YourStory
Cybersecurity startup Horizon3.ai has secured over $73M toward a $100M raise, reportedly valuing it near $750M. Backed by NEA, the AI-powered threat detection firm boasts $30M ARR and 101% YoY growth. Following its FedRAMP approval, Horizon3.ai continues expanding in federal and enterprise sectors, mirroring NEA’s recent Veza investment and riding rising demand for automated cyber defense.
Read more on:TechCrunch
GameStop has purchased 4,710 bitcoin worth over $500M, aligning its treasury strategy with crypto-friendly trends under Trump’s administration. As Bitcoin reaches new peaks, its surge mirrors the strategies of Tesla and Coinbase. Despite investor concerns over volatility, GameStop’s pivot aims to boost financials after declining sales post-Reddit-fueled stock surge. Political tensions around crypto continue to grow.
Read more on:TechCrunch
WordPress has launched a new AI Team to lead and unify artificial intelligence development across its ecosystem. The team aims to accelerate innovation through plugin-first experimentation, ensure responsible integration, and uphold WordPress values. Backed by contributors from Automattic, Google, and 10up, this move positions WordPress to shape AI in an open, community-driven way.
Read more on:WordPress
Meta is restructuring its AI division into two focused teams—AI Products and AGI Foundations—to speed up innovation. While no layoffs occurred, leadership shifts aim to boost efficiency. This move comes amid rising competition from OpenAI, Google, and ByteDance, as well as recent talent losses to rivals like Mistral.
Read more on:Axios
Salesforce is acquiring Informatica for $8 billion to strengthen its AI and data capabilities. The deal, offering $25 per share, enhances tools like Agentforce, MuleSoft, and Tableau. This move follows Salesforce’s $1.9B acquisition of Own Company and marks a strategic push toward safer, enterprise-grade AI through deeper data governance and infrastructure integration.
Read more on:TechCrunch
