Joby is working with UAE regulators on a faster “qualification” program rather than full type certification. The strategy focuses on Dubai-specific operations to accelerate service launch next year while continuing FAA certification in parallel.
Databricks is reportedly in discussions to raise new capital at a valuation exceeding $130 billion. This would represent a 30% increase from the company’s $100 billion valuation in August. The data intelligence firm recently acquired Neon for $1 billion as part of its AI strategy.
The creator marketing platform secured $40 million from Forerunner Ventures as it expands beyond YouTube. Brands are seeing 5.3x better returns compared to traditional video ads, but scaling across multiple platforms presents new challenges.
Mastodon’s creator is stepping down as CEO amid the platform’s transition to a non-profit structure. The move comes as Rochko faced burnout after a decade of singular focus on the project. The restructured organization will be governed by a board including Twitter co-founder Biz Stone.
French spacetech startup Infinite Orbits has raised €40 million to deploy its GEO inspection and life-extension satellite fleet. The funding will support pan-European expansion as the company aims to strengthen Europe’s space sovereignty. This comes amid growing investment in orbital servicing and i
Dublin-based Lative has raised $7.5 million to automate sales planning through AI-powered intelligence. The funding round was co-led by Act Venture Capital and Senovo VC, with participation from several other investors.
Philippe Laffont of Coatue Management delivered a stark warning about the state of U.S. IPOs at CNBC’s Delivering Alpha conference. He argued the market has fundamentally broken down compared to decades past, creating unfair conditions for everyday investors.
Oxford-based Scripta Therapeutics has raised €10.3 million in seed funding to revolutionize drug discovery by targeting transcription factors. The company is initially focusing on Alzheimer’s and other neurodegenerative diseases. The round was co-led by Oxford Science Enterprises and Apollo Health V
According to Accel’s new report, European AI application startups are set to raise $30 billion in 2025, representing two-thirds of US funding levels. This marks a dramatic shift from 2016 when European cloud and software investment was just 10% of US levels. The strategy suggests Europe can compete
When Lyft’s board offered David Risher the CEO position on Valentine’s Day 2023, he immediately rejected it as “ridiculous.” His wife convinced him to reconsider, leading to a six-week interview process and eventual appointment. Under his leadership, Lyft has seen record growth with $4.8 billion in
