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Newme: Fast fashion brand Newme raises $5 million in funding round led by Fireside

The Bengaluru-based startup, which currently sells its own brand of clothing across both online and offline outlets was founded in 2022. It had in the past raised an undisclosed round of funding from investors such as Aum Ventures, 2am VC and All In Capital, all of whom have participated in the current round. ....

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Byju's saviour? Board approves Ranjan Pai's 40% majority stake buy in Aakash Institute, says report

Byju s-owned Aakash Institute will have Ranjan Pai, Chairman of Manipal Education and Medical Group, as its largest shareholder with a 40% stake buy, converting a $300 million investment into equity and making the company debt-free. ....

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U.S. FTC launches inquiry into generative AI investments and partnerships

The FTC said it issued orders to five companies requiring them to provide information on the matter ....

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Israeli climate tech innovators awarded $1 mil. to combat climate crisis

Dozens of Israeli companies applied for the reward. The prize is a joint initiative of JNF-Canada and KKL-JNF in partnership with StartUp Nation Central. The ceremony was held in Tel Aviv. ....

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aidash funding: Startup AiDash raises $50 million for tech using AI, satellites to spot wildfire risk

California startup AiDash, using AI and satellites, raised $50 million to spot fire and weather risks on power lines. This reflects Silicon Valley s efforts to help energy companies adapt to climate change. Power utilities face pressure to reduce forest fire and storm-based outages caused by power lines and weather events. The funding will also be used to establish a European headquarters. AiDash s AI technology searches satellite images for problems and changes along power utility transmission lines, aiding in maintenance priorities and cutting outages. ....

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