Databricks, an artificial intelligence (AI) and data analytics firm, has reached a $62 billion valuation after completing a $10 billion funding round, one of the largest in venture capital history, according to a recent report by Reuters.
AirTrunk, the data centre company founded by Bangladeshi-Australian entrepreneur Robin Khuda, is distributing $22 million in bonuses to over 300 employees, with each receiving up to $65,000.
Robin Khuda, a Bangladeshi-born entrepreneur and founder of the data centre company AirTrunk, has been named The Australian Financial Review’s (AFR) Business Person of the Year for 2024.
Elon Musk’s artificial intelligence venture, xAI, has raised $6 billion in equity financing as it intensifies efforts to compete with industry leaders in the AI sector, according to a recent report by Reuters.
Vibe Gaming, a Bangladesh-based video gaming and electronics retailer, has secured strategic investment from Adcomm Holdings on November 28 following their pitch on Shark Tank Bangladesh.
Zomato, one of India's leading food delivery and quick-commerce companies, has raised $1 billion through institutional investors in its first major funding round since its 2021 IPO.
Nebius Group, an artificial intelligence (AI) infrastructure company, has recently announced that it has raised $700 million in a private funding round led by Nvidia, venture capital firm Accel, and accounts managed by Orbis Investments, according to a recent report by Reuters.
Ampeco, an electric vehicle (EV) charging software solution provider, has recently raised $26 million in a Series B funding round led by Revaia, an investment company.
Toyota has made a $500 million investment in Joby Aviation, a California-based startup focused on developing electric air taxis, according to a recent blog post by Toyota.
An artificial intelligence researcher, Fei-Fei Li also nicknamed as the “Godmother of AI” has raised USD 230 million for AI startup “World Labs” along with her three colleagues to develop AI technology that can comprehend how the three-dimensional physical world works, the company announced on Friday.
Story Engine Inc., an AI startup co-founded by Bangladeshi Stanford graduate Sheikh Srijon, has received $750,000 in pre-seed funding from the reputed venture capital firm Andreessen Horowitz (A16Z). The startup, founded by Sheikh Srijon, Zhizhuo Zhou, and Wanrong He, aims to revolutionise the realm of webtoon and anime creation through generative AI technology.
Optimizely earns 'Great Place To Work' certification, celebrates culture of innovation and employee well-being
Safe Superintelligence (SSI), a new AI startup co-founded by Ilya Sutskever, former chief scientist and co-founder at OpenAI, has raised $1 billion in cash. In an interview with Reuters, SSI announced its goal to build "safe AI systems that far surpass human capabilities".
AirTrunk, a data centre group founded by Bangladeshi-Australian entrepreneur Robin Khuda, is set to change hands in a USD 16.1 billion (AUD 23 billion) deal.
Shah Rafayat Chowdhury, co-founder of the social venture organisation Footsteps, has been selected as one of the 38 young leaders to join the Asia 21 Next Generation Fellows for 2024.
Two Bangladeshi startups - Tiger New Energy, a company offering battery-swapping technology for electric vehicles (EV), and iFarmer, an agritech platform - has recently made it to the Forbes Asia's 100 to Watch list for 2024.
Shahir Chowdhury, the founder and CEO of the Bangladeshi edtech startup Shikho, recently stated in a Facebook post that his company had been blacklisted from receiving government funding. According to Chowdhury, Shikho was close to securing an investment, which included BDT 5 crore from Startup Bangladesh Limited (SBL) as part of a larger USD 1.5 million funding round. However, SBL abruptly withdrew its support just before the agreement was to be signed, citing political reasons.
The startup landscape in Bangladesh is undergoing rapid transformation, spurred by significant inflows of international investments and the innovative prowess of local entrepreneurs. This growth is evident across various sectors, with mobile financial services and tech-based startups leading the charge.
