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As an AI engineer at Meta, Boris Valkov helped build PyTorch, one of the world’s largest machine learning libraries. During his time there, Valkov realized that artificial intelligence “was about to unlock capabilities…in the application layer in the software stack.” He left Meta in late 2021 to start Lace AI, a startup that has developed … Read more
Krafton, South Korea’s gaming giant known for titles including PUBG: Battlegrounds and Battlegrounds Mobile India (BGMI), has acquired a controlling stake in 12-year-old Indian gaming studio Nautilus Mobile for $14 million in an all-cash deal. On Friday, the South Korean gaming company confirmed to TechCrunch that it has acquired a “north of 75% stake” in … Read more
Abound, a remittance app that was spun off by Times Internet in 2023, has raised $14 million in its first external funding round as it aims to reach more Indian expats in the U.S. Remittance flows to India are rising as the Indian diaspora spreads worldwide. In 2024, the South Asian country recorded $129.1 billion … Read more
For decades, patents have been a bone of contention in the technology world, seen by some as a way to protect intellectual property, but by critics as a blunt weapon against innovation. In the age of AI, they are once again getting revisited. New York startup Patlytics has developed an AI-enabled patent analytics platform to … Read more
Total venture capital investments in the crypto space exceeded $105 million this week. Infrastructure and AI solutions secured decent capital across different funding stages. TNFT marketplace Taproot Wizards secured $30 million while the rest of the funding industry this week…
Last week, Founders Fund partner Delian Asparouhov realized he hadn’t checked on his genetics in a while. He clicked open a dashboard created by Nucleus Genomics, a Founders Fund-backed startup that gets saliva samples sequenced and then compares the DNA results to extensive data linking health issues to genes. Within seconds, he concluded that he … Read more
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