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03 Jul 2025

Microsoft Overhauls Azure Startup Program, Impacting AI Ventures

Microsoft has restructured its Azure startup credit program, potentially affecting AI startups that relied on generous cloud credits. The new two-track system offers different benefits based on investor backing, raising concerns about budget disruptions for early-stage companies.

2 Sources

02 Jul 2025

Dutch AI Firm Dexter Energy Secures €23 Million to Boost Renewable Energy Trading

Dexter Energy, an Amsterdam-based climate tech company, has raised €23 million to expand its AI-driven services for renewable energy and battery trading, highlighting the growing importance of AI in Europe's clean energy transition.

2 Sources

Lovable: The AI 'Vibe-Coding' Startup Poised for $150M Raise at $2B Valuation

Swedish AI startup Lovable, specializing in no-code app development, is on track to raise $150 million at a nearly $2 billion valuation, marking rapid growth in the AI-powered software development sector.

3 Sources

CIMware Secures $2.3M for Revolutionary Data Centre Infrastructure Technology

Bengaluru-based startup CIMware raises $2.3 million in funding to develop innovative data centre infrastructure technology, aiming to significantly improve efficiency and reduce energy consumption in AI-driven computing environments.

2 Sources

Tech Billionaires Launch Erebor: A New Crypto-Friendly Bank to Fill Silicon Valley Bank's Void

Palmer Luckey, Joe Lonsdale, and Peter Thiel back Erebor, a digital-only bank targeting startups, crypto businesses, and defense contractors, aiming to fill the gap left by Silicon Valley Bank's collapse.

7 Sources

Mastercard Launches Start Path Security Solutions Program to Support Cybersecurity Startups

Mastercard expands its Start Path initiative to include a new Security Solutions program, supporting startups in cybersecurity, fraud mitigation, digital identity, and payment resiliency. The program aims to address emerging threats and the rising cost of cybercrime.

2 Sources

AI Startups Offer Staggering Salaries to Attract Top Talent in Competitive Market

AI startups like TML, OpenAI, and Anthropic are offering exceptionally high salaries to attract and retain top technical talent, with some companies paying up to $690,000 annually. This trend highlights the intense competition in the AI industry and the value placed on skilled professionals.

2 Sources

Remark Secures $16M to Revolutionize E-commerce with AI-Powered Human Expert Models

Remark, an AI-powered e-commerce startup, raises $16 million in Series A funding to enhance online shopping experiences through AI personas trained by human experts, aiming to bridge the gap between in-store and online conversion rates.

3 Sources

Surge AI Seeks $1 Billion in First Capital Raise, Challenging Scale AI's Dominance

Surge AI, a data-labeling startup, is seeking up to $1 billion in its first-ever capital raise, aiming for a $15 billion valuation. The company has surpassed its rival Scale AI in revenue and is capitalizing on customer shifts in the AI industry.

6 Sources

Genesis AI Launches with $105M Seed Funding to Develop Universal Robot Foundation Model

Genesis AI, a startup aiming to build a general-purpose AI model for robots, has emerged from stealth with a $105 million seed round. The company plans to use synthetic data and a proprietary physics engine to train AI models for robotics, potentially revolutionizing automation across various industries.

4 Sources

01 Jul 2025

Grammarly Acquires Superhuman: A Strategic Move Towards AI-Powered Productivity

Grammarly, the popular writing assistant, has acquired email efficiency tool Superhuman in a bid to expand its AI-powered productivity suite and diversify its business offerings.

15 Sources

Zango Raises $4.8M to Revolutionize Financial Compliance with AI Agents

Zango, an AI-powered regulatory compliance startup, secures $4.8 million in funding to transform how financial institutions manage regulatory requirements using agentic AI.

5 Sources

Chinese AI Chip Startups Moore Threads and MetaX Plan $1.7 Billion IPOs Amid US Export Curbs

Two Chinese AI chip startups, Moore Threads and MetaX, are seeking to raise $1.65 billion in IPOs, capitalizing on China's push for domestic GPU development amid US export restrictions.

7 Sources

Airial: Ex-Meta Engineers Launch AI-Powered Travel Planning Tool

Former Meta engineers create Airial, an AI-driven travel planning tool that automates the entire trip planning process, from brainstorming to booking, offering personalized itineraries based on user preferences.

3 Sources

xAI Secures $10 Billion in Funding to Boost AI Infrastructure and Challenge Competitors

Elon Musk's xAI raises $10 billion in debt and equity to expand its AI capabilities, including the development of one of the world's largest data centers and its Grok AI platform.

10 Sources

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