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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. billion by 2025. A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars.

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Akeyless secures a cash infusion to help companies manage their passwords, certificates and keys

TechCrunch

Today, Akeyless is thriving, Angel tells me — despite fierce competition from incumbents like Hashicorp Vault, AWS Secrets Manager and Google Cloud’s Secret Manager. billion by 2025. Akeyless has customers across the retail, fintech, insurance and gaming sectors, among others, including Wix and Outbrain. .

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

We profiled Rebag back in 2015, when its name included two “g’s,” (gotta love URL availability) and had raised $4 million in seed funding to go after incumbents like The RealReal. The market for venture capital is active and favorable, and we seized on that opportunity to accelerate funding,” he added.

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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

Additionally, Melonn works with a range of transportation providers, including incumbents such as FedEx or DHL and last-mile startups, to reduce shipping times and costs. . The beauty of Melonn is the potential to both accelerate a business and integrate into platforms that its clients are already using.”.

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India’s central bank cracks down on fintech startups

TechCrunch

Fintech startups are convinced that banks have lobbied the RBI to reach this decision, employing the age-old tactic where incumbents cry foul and rely on the regulator to rescue the day. Some banks have been employing the same strategy for like a decade!” ” the founder added.

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Request for Startups: Climate Tech

Y Combinator

Recent legislation will also significantly accelerate the existing market trends. Other considerations include market size, incumbent strength, founder fit with an enterprise-like sales cycle, and ability to create significantly better-electrified products faster than the incumbents can modify their existing lines and supply chains.

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