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Venture Capital

AI start-up HeyGen raises US$60 million after pivoting away from mainland China investors

by Anas Siddiqui
AI start-up HeyGen raises US million after pivoting away from mainland China investors

Generative artificial intelligence (AI) start-up HeyGen has raised US$60 million in its series A funding round, months after dissolving its mainland Chinese operation amid heightened tensions between Washington and Beijing. …

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Synthesia now lets you make AI avatar presentations using a webcam

by Edgar Davis
Synthesia now lets you make AI avatar presentations using a webcam

Synthesia launched an option to make AI-generated avatars by recording footage of yourself with a webcam or your phone. Synthesia Synthesia, a British artificial intelligence startup, on Monday showed off …

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Sir Jack A Lot returns with a startup for retail traders

by Edgar Davis
Sir Jack A Lot returns with a startup for retail traders

When former YouTube product manager Kevin Xu, known as “Sir Jack A Lot” on Reddit, turned $35,000 into $8 million trading stocks between 2020 and 2022, many people thought his …

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Tesla has downsized by at least 14% this year, internal number shows

by Horatio Thompson
Tesla has downsized by at least 14% this year, internal number shows

Elon Musk speaking during the Tesla Annual Shareholder’s meeting in Austin, Texas on June 13th, 2024.  Source: Tesla Inc.  Tesla’s hefty downsizing in 2023 has reduced its global headcount to …

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Kevin Hartz’s A* raises its second oversubscribed fund in two years

by Edgar Davis
Kevin Hartz’s A* raises its second oversubscribed fund in two years

Venture firms raised $9.3 billion in Q1 according to PitchBook data, which means this year likely won’t match or surpass 2023’s $81.8 billion total. While emerging managers are feeling the …

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China is rolling out the red carpet for venture capital in tech – and foreign funds are welcome

by Anas Siddiqui
China is rolling out the red carpet for venture capital in tech – and foreign funds are welcome

China plans to roll out new measures to coax venture capital (VC) – including funds based overseas – into the country’s technology sector, according to a notice from the State …

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Kinetic rolls out robots to fix electric cars, and someday robotaxis

by Horatio Thompson
Kinetic rolls out robots to fix electric cars, and someday robotaxis

Kinetic cofounders: CEO Nikhil Naikal, CTO Sander Marques, COO Chris Weber Courtesy: Kinetic Automation While electric vehicle demand is still increasing in the U.S., the sales growth rate for cars …

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YouTube sensation Caspar Lee on why he quit to build a business empire

by Walter Watson
YouTube sensation Caspar Lee on why he quit to build a business empire

30-year-old Caspar Lee was once a YouTube megastar and is now a serial entrepreneur. Caspar Lee Caspar Lee belongs to a crop of content creators who found early success on …

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Can the UK and London maintain its lead?

by Edgar Davis
Can the UK and London maintain its lead?

The U.K. is the No. 1 country in Europe for tech by many accounts. In 2023, British startups raised $21.3 billion, their third-highest total on record, according to a report …

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China’s venture capital ‘godfather’ Neil Shen exits board of food delivery giant Meituan

by Anas Siddiqui
China’s venture capital ‘godfather’ Neil Shen exits board of food delivery giant Meituan

Shen, 56, retired from that role owing to “other business commitments”, and there is no disagreement between him and the Beijing-based company’s board, according to Meituan’s filing to the Hong …

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