startups Archives

xAI Secures Permits for 15 Natural Gas Generators at Memphis Data Center Despite Controversy

By Shubham on July 3, 2025 in AI, Energy, Startups, Uncategorized

County regulators have granted xAI permits to operate 15 natural gas turbines at its data center outside Memphis, despite the looming threat of a lawsuit. The Elon Musk-backed AI company has been operating as many as 35 generators without permits, according to the Southern Environmental Law Center (SELC). The 15 permitted generators, Solar SMT-130 models, are capable of producing up to 247 megawatts of electricity. The Shelby County Health Department has issued the permits, specifying that the[…]

DeepSeek Faces Global Backlash Amid Surveillance and Misinformation Concerns

By Mishika on June 29, 2025 in Capsules, Startups, Uncategorized

Chinese AI startup DeepSeek has come under intense scrutiny in several countries due to concerns over its security policies and privacy practices. DeepSeek, which claimed in January to have developed an AI model rivaling ChatGPT at a lower cost, has been found to store numerous pieces of personal data, including requests to its AI program and uploaded files, on computers in China, according to its own privacy policy. Several countries have taken action against DeepSeek, citing concerns[…]

Halogen Ventures Raises $30 Million for Fund III, Focuses on ‘Future of Family’

By Divya Arora on June 28, 2025 in Startups, Uncategorized

Halogen Ventures, a venture capital firm founded in 2015 by Jesse Draper, has closed a $30 million Fund III to invest in early-stage startups building innovative solutions for the “future of family.” This focus area includes the physical and financial health of households. The fund’s focus on the “future of family” comes at a time when the care economy has seen increased investor interest in recent years, particularly after the pandemic exacerbated childcare and elderly care struggles.[…]

CoreWeave in Discussions to Acquire Core Scientific, Report Reveals

By Divya Arora on June 27, 2025 in Startups, Uncategorized

CoreWeave, a cloud services provider backed by Nvidia, is reportedly in talks to acquire Core Scientific, a bitcoin miner that had rejected an earlier deal from the cloud provider last year. Shares of Core Scientific rose about 8% following the report, giving the company a market value of nearly $4 billion. The move comes as crypto miners, which require vast amounts of electricity to operate, are being increasingly targeted by larger peers and AI technology companies seeking[…]

Redwood Materials Launches Energy Storage Business, Partners with Crusoe for AI Data Centers

By Mishika on in Capsules, Startups, Uncategorized

Redwood Materials, a battery recycling company, has announced the launch of its energy storage business, Redwood Energy. The new venture aims to provide power to companies, with a primary focus on AI data centers. This move marks the next significant step for JB Straubel, the co-founder and CEO of Redwood Materials, who invested in Crusoe, an AI infrastructure company, in 2021. The Redwood Energy business is built around the thousands of retired EV batteries collected as part[…]

AI-Powered Startup Studio Audos Aims to Launch 100,000 Companies per Year

By Divya Arora on in AI, Startups, Uncategorized

Henrik Werdelin, the founder of Prehype, a startup studio that has helped build big brands like Barkbox, has now launched Audos, a new venture that leverages artificial intelligence to scale the startup creation process. With Audos, Werdelin plans to increase the number of startups launched from “tens” per year to “hundreds of thousands” per year. The timing of Audos’ launch seems opportune, as mass layoffs across various industries have led many workers to reevaluate their career paths.[…]

Cluely Raises $15 Million Series A Funding from Andreessen Horowitz, Redefining Marketing Strategies in AI Era

By Rajat on in AI, Capsules, Startups, Uncategorized

In a recent funding round, Cluely, a startup that offers a product enabling users to “cheat” on everything, secured $15 million in Series A financing from prominent venture capital firm Andreessen Horowitz. This investment has sparked controversy, with some critics on X questioning the VC firm’s decision to back the company due to its questionable uses and provocative marketing tactics. Despite the backlash, Cluely’s ability to grab attention is precisely what drew Andreessen Horowitz to the startup.[…]

Kalshi Secures $185 Million in Funding, Bringing Valuation to $2 Billion

By Mishika on June 26, 2025 in Capsules, Startups, Uncategorized

Kalshi, a company specializing in prediction markets, has closed a $185 million funding round led by Paradigm, a crypto-focused venture capital firm. This new investment brings the company’s valuation to $2 billion post-money, according to representatives from Paradigm and Kalshi. The funding round was highlighted in a statement by Matt Huang, co-founder and managing partner at Paradigm. “Prediction markets remind me of crypto 15 years ago: a new asset class on a path to trillions,” Huang said.[…]

Indian Drone Startup Raphe mPhibr Secures $100M to Boost Military UAV Production

By Divya Arora on in Capsules, Startups, Uncategorized

Raphe mPhibr, an Indian drone startup, has raised $100 million in a Series B funding round led by General Catalyst, with participation from existing investor Think Investments. The all-equity investment will support enhanced R&D and expanded local manufacturing to meet rising demand for military drones used in battlefield operations and border surveillance. Drones have become critical in global military strategies, exemplified by their extensive use in the recent India-Pakistan conflict, prompting India to increase its drone budget[…]