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Electric vehicle (EV) energy tech company Ampersand has announced the opening of a new, larger manufacturing facility in Nairobi, tripling the company’s production capacity in Kenya. Formed in 2016, Ampersand assembles and finances electric motorcycles that cost less to buy and operate, and perform better than the five million petrol motorcycle taxis in use across […]
AI-generated love songs are reshaping the landscape of romantic expression and music production. This innovative technology combines artificial intelligence with musical creativity, offering new ways to craft heartfelt melodies. AI systems analyze countless love songs to generate fresh compositions that capture the essence of romance. These AI tools can compose original melodies, write romantic lyrics, […]
Another DC Startup and Tech Week wrapped with regional startups taking home money and the attention of innovation ecosystem members across the region. Twelve DMV startups came together during Friday’s annual pitch competition on Friday, the traditional closing program for the weeklong conference. Companies were split up into early- and growth-stage categories, with two startups […]
This is a guest post by Joshua Mastromatto, founder of waste management tech startup Rego, winner of a financial investment at the 2023 Lion’s Den competition, and amassed over 4,800 all-purpose yards while playing at Kutztown University. Nearly every first-time founder runs into hiccups and must pivot quickly to pick up new skills — and I thank my […]
Ranked: Companies Acquiring the Most Startups This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Six of the 10 largest startup acquirers globally are based in Silicon Valley. This visualization ranks companies by the number of […]
Gopuff’s short-lived discrepancy with the Philadelphia Department of Revenue has come to an end. A stop work order posted on the company’s HQ by the local tax authority, which started making the rounds on social media over the weekend, had been taken down by Tuesday night, Technical.ly confirmed with a visit to the Northern Liberties […]
SK Hynix, the world’s second-largest memory chip manufacturer, posted remarkable financial results for the third quarter of 2024. The company’s operating profit reached 7 trillion won ($5 billion), marking a 29% increase from the previous year. The company’s revenue climbed to 17.6 trillion won, setting a new quarterly record with a 7% year-over-year growth. This […]
20% of startups fail within the first year We analyzed a report from the BLS to get a close view of startups in the U.S. over the last 10 years, and figures reveal that around 20% of startups that first opened for business in 2013 went on to fail within their first year. Out of […]
Government funding is supporting different sectors across Pennsylvania this month. A robotics and manufacturing program at Millersville University received $200,000 from the state to continue educating young people. It spread to local businesses, too. Ben Franklin Technology Partners was one of the recipients of Federal and State Technology Partnership program funding, which will help it […]
Legal tech startup Genie AI has secured a $17.8 million Series A from Google and Khosla Ventures. The startup’s CEO, Rafie Faruq, says its AI editing platform can “turn around a contract in minutes.” Check out the 13-slide pitch deck, shared exclusively with BI, that it used to secure the funding. Thanks for signing up! […]