Author Archives: NYC Journals Staff

Snapchat is quietly rolling out a new “Footsteps” feature to all iOS users this week, the company confirmed to TechCrunch on Monday. The new feature, which was previously only available to Snapchat+ subscribers, uses Snap Map to let you see how much of the world you’ve explored and track where you’ve traveled to. The firstContinue reading “Snapchat’s new Footsteps feature tracks your location history”

It’s been quite the year for gaming industry exec Pany Haritatos.  Last month, he quietly closed an oversubscribed $28 million Series A for his new game studio startup Series Entertainment, according to an SEC document and confirmation from the company. Investors include Netflix, Dell Technologies Capital, with follow-on investments from seed investors Andreessen Horowitz, BITKRAFT, and F4 Fund.Continue reading “Series, a GenAI game development platform, has quietly raised $28M from Netflix, Dell, a16z, others”

Beta Technologies unveiled Monday the next electric aircraft in its lineup — a passenger-carrying version of its ALIA vertical takeoff and landing and fixed-wing vehicles. Electric vertical takeoff and landing (eVTOL) vehicles don’t rely on a runway, whereas fixed-wing aircraft do. The Vermont-based startup, which has raised over $860 million in equity to date from heavy hitters likeContinue reading “Beta Technologies unveils first passenger carrying electric aircraft”

Cohere, an artificial intelligence startup that develops foundation models to compete with ChatGPT creator OpenAI, is in advanced talks to raise $500 million at a valuation of about $5 billion, according to a person familiar with the matter. The Toronto-based company has seen its annualized revenue run rate grow to $22 million this month fromContinue reading “AI startup Cohere seeks $5 billion valuation in latest fundraising”

Generative A.I. technologies can write poetry and computer programs or create images of teddy bears and videos of cartoon characters that look like something from a Hollywood movie. Now, new A.I. technology is generating blueprints for microscopic biological mechanisms that can edit your DNA, pointing to a future when scientists can battle illness and diseases with even greater precision and speedContinue reading “Generative A.I. Arrives in the DNA Sequencing Field”

Legal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence. The company told outlets that it raised the fresh capital in a Series B funding round led by U.S. venture fund March Capital. National Grid Partners, theContinue reading “Legal tech firm Luminance has raised $40 million in a venture round, capitalizing on AI hype in US”

A startup aiming to simplify the process for booking imaging appointments has raised $12 million, leaders announced Monday.  Several venture capital firms pitched in on the series A financing round, which is supporting Scan.com’s expansion in the U.S. Already established in the United Kingdom and around since 2017, the company offers services such as simplifiedContinue reading “Startup aiming to simplify the process for booking imaging appointments raises $12M”

SiMa.ai, a Silicon Valley–based startup producing embedded machine learning (ML) system-on-chip (SoC) platforms, today announced that it has raised a $70 million extension funding round as it plans to bring its second-generation chipset, specifically built for multimodal generative AI processing, to market. According to Gartner, the market for AI-supporting chips globally is forecast to more thanContinue reading “Chip Startup Raises $70 Million to Quicken AI on Cars and Robots”

Medical image-sharing startup PocketHealth has raised $33 million in new capital, leaders announced Wednesday.  Toronto-based investment firm Round13 Capital led the series B financing round with additional contributions from the investment arms of Samsung and Deloitte, along with previous contributors Questa Capital and Radical Ventures.  PocketHealth said it will use the money to grow itsContinue reading “Medical image-sharing startup PocketHealth raises $33M in series B financing”

Zebra Technologies Corporation (NASDAQ: ZBRA), a leading digital solution provider enabling businesses to intelligently connect data, assets, and people today announced its collaboration with Google Cloud, Android, and Qualcomm Technologies, Inc. to help enterprises deliver transformative customer experiences along with improved employee productivity and insights powered by generative AI. These new, innovative capabilities will be previewedContinue reading “Zebra AI grows 25% in Q1, unveils new tech”

Global venture capital funding reached $21.5 billion in February 2024 — flat month over month and slightly up from February 2023, Crunchbase data shows. Globally, more than $2 billion was invested in seed-stage companies last month. Close to $10 billion was invested in early-stage companies. And venture investors spent $9.3 billion at late-stage, including technology growth companies.Continue reading “Global VC Funding Settles Around $20B In February But AI Share Increases”