Startups and technology

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Ambani-backed Addverb wants $100 million to build India’s answer to Unitree and Tesla Optimus

Addverb Technologies, the Indian robotics startup controlled by Mukesh Ambani’s Reliance Industries, is seeking to raise more than $100 million to fund development of humanoid and quadruped robots and build the AI systems to train them. CEO Sangeet Kumar told Bloomberg the raise is the company’s first major fundraising effort since Reliance’s $132 million investment […]

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Lovable hit $500 million in revenue with 146 employees. Its new data shows who is actually building software now.

Lovable, the Swedish vibe-coding platform that lets users build apps through natural language, has published its first data report on what it calls the “build economy.” The report draws on product usage data from January 2025 to May 2026, alongside a May 2026 user survey, and describes a shift in who builds software, what they […]

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Lovable hit $500 million in revenue with 146 employees. Its new data shows who is actually building software now. Read More »

A UK startup says it can cut data centre network power by 81% by replacing every electrical switch with light

For decades, the networks inside data centres have run on electrical switches. They are power-hungry, generate enormous heat, and are increasingly the bottleneck that limits how fast AI systems can process and exchange data. Oriole Networks, a UK startup, says it has a fix: replace every electrical switch in the core network with nanosecond-scale optical […]

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A UK startup says it can cut data centre network power by 81% by replacing every electrical switch with light Read More »

Ghent’s Companion.energy raises €7.8M to automate enterprise energy in real time

The seed round, led by Realyze Ventures and Pi Labs, will fund expansion into Germany and Spain as volatile power markets push large industrial firms past their spreadsheets. Electricity used to move with the seasons. Now it moves by the minute, and the spreadsheets that large industrial firms still rely on to manage it cannot […]

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Ghent’s Companion.energy raises €7.8M to automate enterprise energy in real time Read More »

PhysicsX hits $2.4bn valuation as Temasek leads $300m round for the AI startup that cuts simulation times from days to seconds

London-based PhysicsX has raised $300 million in a Series C round led by Singaporean sovereign wealth fund Temasek, more than doubling its valuation to $2.4 billion, less than a year after its Series B priced the company at just under $1 billion. The round was oversubscribed. Alongside Temasek, which first invested in PhysicsX during its […]

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PhysicsX hits $2.4bn valuation as Temasek leads $300m round for the AI startup that cuts simulation times from days to seconds Read More »

A UK startup just raised $18.5 million to fly satellites where nobody else can

Between commercial aircraft at 10km and conventional satellites at 500km lies a band of near-Earth space that has never been used commercially. Very low Earth orbit, or VLEO, sits at 200 to 300km, an altitude historically reserved for spy satellites and the International Space Station. Reading-based NewOrbit announced on Monday an oversubscribed $18.5 million Series A to […]

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A UK startup just raised $18.5 million to fly satellites where nobody else can Read More »

Airbnb’s Chesky helped put Sam Altman back in power. Now he’s building an AI lab to compete with him.

Brian Chesky has spent years as an AI kingmaker. He met Sam Altman through Y Combinator in 2006, advised him on managing OpenAI’s hypergrowth, and helped broker Altman’s return to power after the board fired him in November 2023. He was reportedly considered for a seat on OpenAI’s board. Now he is entering competition with his […]

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Airbnb’s Chesky helped put Sam Altman back in power. Now he’s building an AI lab to compete with him. Read More »

Mira Murati resurfaces after 18 months with a warning about AI governance and a product no one expected

For someone who helped ship ChatGPT, DALL-E, and Codex, Mira Murati has been remarkably quiet. On Thursday, she broke the silence. Sitting down with Bloomberg’s Emily Chang in San Francisco, the CEO of Thinking Machines Lab gave her first major media appearance in roughly 18 months, a carefully managed re-entry into a conversation that has moved at […]

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Mira Murati resurfaces after 18 months with a warning about AI governance and a product no one expected Read More »

While tech week talks AI, Scytale is talking about what’s actually killing deals

The conversation at this year’s NY Tech Week is about AI. The panels, the pitch decks, the happy hours: agents that code, agents that sell, infrastructure for the agents. Then a screen mounted to a truck shows a man sitting on a toilet, staring at his phone in open panic. The line underneath: “His prospect […]

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While tech week talks AI, Scytale is talking about what’s actually killing deals Read More »

Databricks CEO calls 2026 “a terrible year to go public” as SpaceX, Anthropic, and OpenAI prepare to absorb $200 billion in IPO capital

Three companies are preparing to enter public markets this year with a combined valuation that could exceed $3 trillion. SpaceX is set to list as early as 12 June at a $1.77 trillion valuation, selling 555.6 million shares at a fixed price of $135 each in what will be the largest IPO in history. Anthropic has filed at […]

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Databricks CEO calls 2026 “a terrible year to go public” as SpaceX, Anthropic, and OpenAI prepare to absorb $200 billion in IPO capital Read More »

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