If AI does not lead venture out of its current slowdown, perhaps nothing will. A day after investors flooded $700 million into two AI startups — Builder.ai and Anthropic — Turkey-based AI marketing platform Insider locked up another $105 million. Insider CEO and co-founder Hande Cilingir told Bloomberg the company’s valuation had increased “very much closer to $2 billion.” The ...
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Figma’s Venture Backers Win Big With Adobe’s $20B M&A Deal
Adobe announced this morning that it has agreed to acquire collaborative design platform Figma for $20 billion in cash and stock, in what looks to be the largest purchase of a U.S. private, venture-backed company this year. Founded in 2012, San Francisco-headquartered Figma has raised $333 million in venture funding to date, per Crunchbase data, and includes a long list ...
Read More »Texas Funding Scene Gets Bigger In 2022
Texas is no slacker on the startup funding front, largely due to Austin’s rising status as a tech hub. But even so, the nation’s second most populous state has generally punched a bit below its weight class when it comes to venture investment. Recently, however, things have been picking up. So far this year, Texas companies have pulled in over ...
Read More »NYC Notches A Banner Year For Venture Funding As Big Apple’s Startup Scene Ripens
Eve Halimi and Anam Lakhani, the co-founders of fintech startup Alinea, briefly considered moving to San Francisco to build their company. Some of their earliest investors suggested the pair move to the Bay Area, as hiring talent could be easier in a city full of engineers and other tech workers. The pair toured the city while in town for Y ...
Read More »Will looser Covid rules push up holiday prices?
There’s huge pent-up demand for holidays – with warnings that bookings in the peak season may see significant interest After a torrid two years for the travel industry, things are finally beginning to look up. “From mid-January the trajectory has been up, significantly up,” said Paul Hackett, President of the Irish Travel Agents Association and CEO of Click&Go. “We’ve had ...
Read More »Cabinet agrees on a gradual return to the workplace
Ibec said the workplace protocol has been trying to make workplaces safe and ensure when people have to come into work that the right measures are in place A gradual return to the workplace will get underway from Monday. It follows an agreement by Cabinet this afternoon to lift almost all public health restrictions from 6am tomorrow. The Taoiseach is ...
Read More »Ryanair launches biggest ever Dublin flight schedule
Ryanair plans to operate 900 flights a week to 120 destinations during the summer season from Dublin Airport (Pic: RollingNews.ie) Ryanair is ramping up its operations ahead of the summer, announcing its largest ever flight schedule out of Dublin airport. In total the airline will run 900 flights a week to 120 destinations through the summer season, an increase of ...
Read More »Annual rate of inflation hits 5.5% in December – CSO
December’s inflation rate of 5.5% is the highest level since April 2001 The annual rate of inflation rose by 5.5% in December, according to the latest figures from the Central Statistics Office. This is an increase on 5.3% recorded in November, and is the highest annual rate since April 2001. On an annual basis, today’s figures show that diesel prices ...
Read More »Investors ‘frustrated’ by Govt intervention in property
CBRE says that despite despite regulatory and policy changes the multifamily sector showed remarkable resilience last year It is critical that further Government intervention in the multifamily accommodation sector is now curtailed to avoid large amounts of investor capital opting to move into other sectors. That’s according to commercial property firm, CBRE, which claims investors in residential apartment and other ...
Read More »AIB to raise negative rates for some business customers
Around 3,000 corporate customers will be impacted by the move AIB has begun writing to business customers with balances in excess of €1m to inform them that it intends to increase the negative rate they will be charged on their deposits to -0.75%. The change will take effect from the end of March and will see the negative rate increased ...
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