VCs will get liquidity in 2024 from the secondary market, not IPOs

Abu Dhabi’s ADIA is eyeing investment in India’s Pocket FM. Apple acquires an AI startup for manufacturing oversight. Zscaler enhances security tools with Avalor's AI tech. Microbiome startups face scrutiny over practices. Venture capitalists turn to secondary markets for liquidity in 2024 as IPOs slow down. Stay updated with us!

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Zscaler buys Avalor to bring more AI into its security tools

Zscaler, a cloud security company with headquarters in San Jose, California, has acquired cybersecurity startup Avalor 26 months after its founding, reportedly for $310 million in cash and equity.

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Telegram raises $330M fresh capital through bond sales

Telegram founder and CEO Pavel Durov said on his channel yesterday that the company secured $330 million in investment through bond sales last week.

Durov said that the offering was oversubscribed with favorable terms to the company.

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Playtron: the startup hoping to Steam Deck-ify the world

The former CEO of Cyanogen has a plan for a platform-agnostic gaming operating system.

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Pelikan Mobility is building a software-enabled commercial EV leasing solution

Chances are you may have noticed that many commercial vehicles are now electric vehicles — think about delivery vans, telecom minivans, utility maintenance trucks, etc. But there are still many diesel-powered commercial vehicles because it’s simply too expensive and too complicated to switch to an all electric vehicle fleet overnight.

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World Fund closes first €300M climate tech fund, seeking to follow on and back hardware

After a three-year fund-raise, World Fund has finally closed a €300 million first fund, €50 million short of it’s target in 2021, but still a considerable number given a background of war and economic uncertainty. The VC originally emerged from the founders of the Ecosia independent search engine, where search enquiries funded the planting of trees.

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Liquid Death is just one of many VC-backed beverage startups ready to disrupt Coke and Pepsi

Venture-backed beverage startups continue to pop

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Investors’ pledge to fight spyware undercut by past investments in US malware maker

Cyber investors announced commitments to fighting spyware, but at least one firm previously invested in an exploit maker

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GoStudent, the online learning platform, says it’s now profitable

GoStudent — the online tutoring marketplace last valued at $3.2 billion — has carved out a position for itself as one of the biggest and more popular startups to come out of Vienna, Austria, with 11 million families and 23,000 tutors on the platform. Now it’s adding another distinction to the list: it is profitable. The company’s CEO Felix Ohswald told TechCrunch that the company is now in the black across its global footprint.

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Fireworks.ai open source API puts generative AI in reach of any developer

Just about everyone is trying to get a piece of the generative AI action these days. While the majority of the focus remains on the model vendors like OpenAI, Anthropic and Cohere, or the bigger companies like Microsoft, Meta, Google and Amazon, there are in fact, a lot of startups trying to attack the generative AI problem in a variety of ways.

Fireworks.ai is one such startup. While lacking the brand name recognition of some of these other players, it boasts the largest open source model API with over 12,000 users, per the company. That kind of open source traction tends to attract investor attention, and the company has raised $25 million so far.

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