Business
Perplexity CEO dismisses financial concerns, confirms no IPO before 2028
Perplexity CEO Aravind Srinivas denies financial troubles, confirms the company has no plans for an IPO before 2028, and explains product changes.
Gaming
Krafton strengthens presence in India with Nautilus Mobile acquisition
Krafton acquires a controlling stake in Indian gaming studio Nautilus Mobile for US$14M, strengthening its foothold in India’s growing gaming market.
Business
OpenAI set to finalise US$40 billion funding round led by SoftBank
According to Bloomberg, OpenAI is close to finalising a US$40 billion funding round led by SoftBank, which will raise its valuation to US$300 billion.
Business
Vertex Ventures Japan completes first close and strengthens leadership team
Vertex Ventures Japan announces first fund close and key leadership hires to help Japanese startups expand globally.
Business
Kyberlife raises US$3 million to expand healthcare procurement in Southeast Asia
Singapore’s healthtech startup Kyberlife secures US$3 million to expand its digital procurement platform, streamlining healthcare supply chains in Southeast Asia.
Technology
China introduces new data on service robots as humanoid industry expands
China’s service robot sector sees growth as humanoid robots attract investment and government attention.
Business
Darwinbox secures US$140 million investment from Partners Group and KKR to drive global expansion
Darwinbox raises US$140 million from Partners Group and KKR to fuel global expansion and strengthen its AI-powered HR technology platform.
Business
Mark Cuban offers to fund government tech unit after overnight layoffs
Mark Cuban offers to fund laid-off government tech workers after sudden 18F unit cuts, suggesting they start a consulting firm.
Business
Mistral AI: The French startup challenging OpenAI
Learn about Mistral AI, the French AI startup rivalling OpenAI, its models, revenue strategy, and key partnerships, including Microsoft and AFP.
