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Kate Park

Kate Park
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More money for the generative AI boom: Y Combinator-backed developer infrastructure startup Recall.ai announced Thursday it’s raised a $10 million Series A funding round, bringing its total raised to over $12M. The startup has built infrastructure and a unified API that enables companies to access raw data from virtual meeting platforms...
Samsung Medison, a medical device unit of Samsung Electronics that specializes in developing diagnostic imaging devices, said on Wednesday it plans to acquire Sonio, a Paris-based startup that makes AI-powered software for ultrasound workflows, for about $92.7 million (KRW 126 billion). The French startup’s AI assistant is aimed at helping...
Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications. The company, which struggled in 2023 as the macroeconomic slowdown hurt demand for its products, said its...
Layoffs usually drive attention and sympathy towards affected employees, but rarely does anyone talk about what happens to the recruiters who are sometimes also asked to leave when companies decide to cut headcount. Indeed, tech firms cut up to half of their recruitment teams when they were laying people...
Patlytics, an AI-powered patent analytics platform, wants to help enterprises, IP professionals, and law firms speed up their patent workflows from discovery, analytics, comparisons, and prosecution to litigation.  The fledgling startup secured $4.5 million in seed funding, oversubscribed and closed in a few days, led by Google’s AI-focused VC arm, Gradient...
The U.S. Commerce Department said on Monday that it has signed an agreement to award Taiwan Semiconductor Manufacturing (TSMC) $6.6 billion in direct funding under the CHIPS and Science Act to set up semiconductor factories in Phoenix, Arizona, and provide up to $5 billion in loans.  This grant, pegged...
Full Glass Wine, a brand acquisition management startup that specializes in acquiring wine marketplaces, has raised $14 million in a Series A round to continue acquiring DTC (direct-to-consumer) wine marketplaces, aiming to lead the DTC wine market.  The outfit recently acquired Bright Cellars, a subscription-based wine service provider in Wisconsin, for...
StealthMole, an AI-powered dark web intelligence startup that specializes in monitoring cyber threats and detecting cybercrime, announced Thursday that it has raised a $7 million Series A funding round. The Singapore-headquartered startup with an R&D office in South Korea will use the fresh capital to establish additional R&D centers and...
Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and asset management firm headquartered in Miami, with technology and operation teams in Latin America. The financial details of the deal were not disclosed. The deal marks Borderless’ first...
Have you ever needed a copy of your medical imaging to take to your doctor or another healthcare provider and received the images on a CD? Many radiologists still use this ancient format to transfer patients’ imaging files. A startup called PocketHealth has built an medical image exchange platform to digitize...