In an interview with Fox’s Larry Kudlow on Monday, billionaire Elon Musk admitted that his involvement with the Department of Government Efficiency (DOGE), Donald Trump’s initiative to reduce federal spending, is making it tougher to run his many businesses: X, Tesla, xAI, SpaceX, The Boring Company, Neuralink, and Starlink. “How are you running your other … Read more
A new venture firm called Leitmotif has been on a quiet blitz for the last 16 months, funding around 20 startups broadly focused on decarbonization. Its portfolio includes EV companies, space and battery plays, and four nuclear fusion startups. But the firm has only said its funding is from “European industrial interests.” Now, Leitmotif has … Read more
Dustin Moskovitz is retiring from Asana, the software company he founded in 2008. Asana, a task management platform, announced his retirement as part of the company’s fiscal fourth-quarter earnings report, CNBC reported. Moskovitz informed the board he intends to move into a chair role when a new CEO starts. The company raised more than $450 … Read more
Hexa is trying something new. Instead of fostering startups from the ground up and incubating them for the first year or so, the Paris-based startup studio is acquiring a majority stake in Veevart, a vertical software-as-a-service company for museums that provides solutions for ticketing, fundraising, CRM and collection management. Hexa is a familiar name in … Read more
Medical imaging is a broad term that encompasses several distinct technologies. After working on AI-powered tools to enhance X-rays and mammographies, French startup Gleamer now aims to tackle magnetic resonance imaging (MRI). Instead of starting from scratch, Gleamer has acquired two startups that have already been working on AI-powered MRI analysis: Pixyl and Caerus Medical. … Read more
Infinite Uptime, an Indian startup that offers predictive maintenance solutions for factories, has raised $35 million in a Series C funding round to expand its footprint in the U.S. and other markets. The manufacturing industry has lagged many industries in its adoption of tech, and much of the world’s heavy industry still depends on machines, … Read more
