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.
The commencement of 'Bangladesh Startup Summit 2024' was officially announced today at a press conference held at the Bangladesh Computer Council Auditorium in Dhaka. Scheduled for July 27-28, this year’s summit is themed 'Smart Bangladesh: Endless Possibilities'.
With a recent market valuation of over $1 trillion, the Taiwanese semiconductor manufacturer TSMC has cemented itself as the most valuable company in Asia. This achievement takes place after a strong second-quarter revenue from the company, thanks to the ongoing boom of AI chips.
Microsoft has decided to leave its board observer seat at OpenAI, a position that has attracted regulatory scrutiny in both the United States and Europe. The company stated that this move was prompted by significant improvements in OpenAI's governance over the past eight months, rendering the observer seat unnecessary.
TSMC, the Taiwan-based multinational semiconductor company, briefly reached a valuation of $1 trillion recently. At the time of writing, the company's market capitalisation stands at $967.87 billion, but experts believe the number will rise again soon due to the ongoing boom in AI chips' market demands. Meanwhile, here are five things you should know about this Taiwanese chip manufacturer.
Tiger New Energy, a Bangladesh based startup established in 2021, has secured an additional USD 1 million in funding from ADB Ventures following Tiger's USD 2.5 million seed round led by Wavemaker Partners last year, propelling the rollout of its battery swapping technology across Bangladesh. Md. Ismail Hossain, Manager, Brand & Marketing of Tiger New Energy confirmed the funding to The Daily Star.
GrayMatter Robotics, co-founded by BUET graduate Ariyan Kabir, has raised USD 45 million in Series B funding led by Wellington Management, a Boston-based investment firm.
Shark Tank Bangladesh aired a special cricket-themed episode over the weekend, showcasing four sports-related businesses. The episode also had the Minister of State for Posts, Telecommunications and Information Technology, Zunaid Ahmed Palak as a guest shark.
iFarmer, a Bangladesh-based agri-tech startup, has been selected for Visa's Accelerator Program in Asia Pacific for 2024. According to a press release, the other selected startups were from Hong Kong SAR, Singapore, the United States, and Vietnam.
Bangladesh has ascended 6 places to rank 83rd in the recently published 'Global Startup Ecosystem Index 2024' report by StartupBlink, a global startup map and research centre. In the report, Dhaka also climbed 71 spots to secure the 140th position among top 1,000 listed cities. Dhaka was also ranked 7th in South Asia for the Agtech industry.
Elevate, a fintech startup based in London and Dubai, has secured an investment of $5 million aimed at expanding its presence in South Asian markets, including Bangladesh. The startup offers a simplified method for receiving USD payments from international employers and platforms such as Upwork, Fiverr, Paypal, Deel, and Toptal.
