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55 stories in the last 7 days - page 2 of 2
The latest Startups news, distilled by AI into sharp ~100-word summaries covering startups, venture funding, founders and the business of technology. ByteBrief scans dozens of tech sources and surfaces only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Hong Kong pet food startup Buddy Bites raised a $4.2 million Series A led by Digitalis Ventures, with backing from angel investor Adrian Lai. The subscription-led brand, founded by Ryan Black and Chris Lee, will use funds for cat food launch and shelf-stable fresh dog food.
Index Ventures dropped plans to invest in AI assistant Town after Instinct, an Index-backed company, complained about a potential conflict of interest. Town raised $90M at a $1B valuation, with an eleventh-hour cap table reshuffling.
HubX raised a $75M Series A led by Point72 at a $1.2B valuation, its first external funding. Boston's Elucid secured $55M for AI cardiovascular imaging, and Israel's Guardio raised $40M at a $1.1B valuation. Investors favor verticalized AI across sectors.
Leanwatts raised $2 Mn in seed funding led by Trivest Partners for portable EV chargers. The startup will accelerate R&D and manufacturing, targeting ₹60 Cr ARR by March 2027. Founded in 2023, it makes chargers from 500W to 6.6kW for two-wheelers, three-wheelers, and tractors.
RentoMojo's FY26 profit after tax surged 142% to ₹104.2 Cr from ₹43.1 Cr, aided by a ₹36.6 Cr one-time tax credit. Operating revenue rose 45.5% to ₹387 Cr. The IPO-bound rental platform filed its prospectus with SEBI for a fresh issue of ₹150 Cr and an OFS of 2.7 Cr shares.
Madrona research shows 74% of 150 enterprise IT professionals plan to expand AI budgets, yet fewer than half of AI pilots reach production. 77% re-evaluate AI vendors every six months, making startup ARR less secure than traditional SaaS contracts.
Anthropic PBC launched Claude Fable 5.1 and Claude Mythos 5.1, its most capable large language models to date. The launch follows a $35 billion cloud deal with Nvidia-backed Lambda for a 350-megawatt Hut 8 Texas data center, plus a $45 billion Nscale agreement.