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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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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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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. You’re saying now that NBFCs can’t give credit lines to merchants and their money should only be routed to bank accounts of customers.”

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Request for Startups: Climate Tech

Y Combinator

Recent legislation will also significantly accelerate the existing market trends. Business model innovations: For example, could you provide pre-wiring for free (leveraging incentives) in return for purchasing the appliance on failure? Second, innovation and deployment are not at odds with each other – we need both.

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