The startup ecosystem of India, emerged as the third largest in the world, with over 99,000 recognised firms and 108 unicorns. In regard to the Web3 ecosystem, industry players have identified setbacks, that is slowing down the overall growth of the sector. As India observes the National Startup Day on Tuesday, January 16 – CoinDCX’s … Read more
Amazon Web Services (AWS), the cloud computing arm of Amazon.com, on Tuesday said it is collaborating with startup Hugging Face, a software development hub, to make it easier to carry out artificial intelligence work (AI) in Amazon’s cloud. While new generative AI services like chat-based search engines from Microsoft and Alphabet‘s Google have captured the public’s … Read more
India, the largest democracy in the world, is currently undergoing its general election process to choose its leaders for the next four years. Before the chosen leaders take the reins of India’s growth within their commands, the Bharat Web3 Association (BWA) has listed some immediate steps that the upcoming government could consider in order to … Read more
Humanity Protocol, a decentralised identity solution, has raised $30 million (roughly Rs. 250 crore) from a fresh funding round led by Kingsway Capital and the startup has hit unicorn status with its valuation surpassing the $1 billion (roughly Rs. 8,350 crore) mark. Over 20 other venture capital firms participated in the seed funding round, including … Read more
Dakota, a crypto-integrated banking platform for businesses, has raised $12.5 million in a Series A round to expand its borderless banking services, the firm said on Tuesday. The investment was led by CoinFund, with participation from 6th Man Ventures and Triton Ventures. The announcement comes at a time when stablecoins, or cryptocurrencies tied to an … Read more
OpenAI said on Wednesday it had acquired digital products company Global Illumination, in what comes as the first known acquisition by the storied artificial intelligence firm. Financial details of the deal were not disclosed. “The entire (Global Illumination) team has joined OpenAI to work on our core products including ChatGPT,” OpenAI said. New York-based Global … Read more
Digital-asset prime brokerage firm FalconX has acquired Arbelos Markets, a derivatives startup launched in 2023 by two crypto industry veterans. Terms of the transaction weren’t disclosed. Bloomberg News reported on Tuesday that the transaction was expected to be financed through a mix of cash and FalconX stock, according to people familiar with the deal, who … Read more
PwC, one of the Big Four accounting firms, is launching an accelerator initiative in India. On March 3, PwC India introduced the ‘Emerging Tech Startup Challenge’ to support promising startups in blockchain, space, AI, and other sectors. Late-stage startups that have secured Series A or B funding are eligible to apply, gaining access to industry … Read more