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NEC X Accepting Applications for Elev X! Ignite Venture Studio

American Entrepreneurship

The Venture Studio program provides founders with resources and up to $200K of equity funding to develop their vision into a business with substantial market impact. Ap plications are being accepted until December 20th, 2024 for Batch 13 which will begin in early 2025, following a multi-phase selection process. Venture Studio.

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Scamnetic’s $13M Series A to Scale AI-Powered Scam Detection

American Entrepreneurship

billion to fraud in 2024 alone, a 25% increase from the previous year. As a homegrown company, Scamnetic is actively contributing to the regions economic development by creating high-skilled jobs, attracting venture capital, and fostering technology leadership. consumers lost over $12.5 billion in 2023.

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LUUM’s Eyelash Extension Innovation Garners $30M Series A Round

American Entrepreneurship

Prior to joining LUUM, Lawson’s 15 year career included shaping brand strategies and product development across global brands such as Apple, PayPal and Movado. Amundson serves as Vice President of Engineering, where he spearheads the development of the company’s systems for automated eyelash extension application.

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Creators as Small Businesses Recognized by Visa at Web Summit

American Entrepreneurship

Celebration of the creator spirit and the announcement of an expanded collaboration with Pharrell Williams were made. A major announcement came for Visa, celebrating the impact of creators and expanding the company’s collaboration with musician and filmmaker Pharrell Williams.

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Figma's S-1: A PLG Powerhouse

Tomasz Tunguz

Figma’s collaborative design tool platform disrupted the design market long-dominated by Adobe. Here’s how the two companies stack up on key metrics for their most recent fiscal year: Metric (2024) Figma Adobe Revenue (YoY Growth) $749M (48%) $21.5B (11%) Gross Margin 88.3% Non-GAAP Op Margin 17.0% Sales Efficiency 1.00

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Apptronik Closes $350M in Funding to Meet Surging Demand for Humanoid Robots, Gains Google Investment

American Entrepreneurship

This critical investment will enable Apptronik to ramp up the production of its groundbreaking humanoid robot, Apollo, and accelerate the development of next-generation robots tailored for a wide range of industries. Founded in 2016, Apptronik has rapidly gained recognition as a leader in humanoid robotics.

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CoreWeave’s IPO Marks a Milestone for New Jersey’s AI Ecosystem

American Entrepreneurship

The companys collaboration with the New Jersey Economic Development Agency is a boost to the states program to attract AI companies for its innovation economy. Microsoft alone accounted for over 60% of CoreWeaves 2024 revenue, raising questions about customer concentration risk. The company reported $1.92