Tuesday’s tech startup news brought a flurry of updates from some of the biggest names in the industry. From cryptocurrency exchanges to messaging platforms and music streaming services, here’s a roundup of the latest developments.
Binance, the world’s largest cryptocurrency exchange by trading volume, announced that it has acquired DODO, a decentralized exchange (DEX) protocol. The move is part of Binance’s efforts to expand its DeFi (decentralized finance) offerings and provide users with more options for trading cryptocurrencies. DODO’s unique “proactive market maker” algorithm is expected to enhance Binance’s liquidity and improve the trading experience for users.
Coinbase, another major cryptocurrency exchange, revealed that it has acquired the crypto data analytics platform Skew. The acquisition is aimed at bolstering Coinbase’s institutional trading services by providing clients with real-time market data and insights. Skew’s team will join Coinbase and continue to operate as an independent entity.
Rapid, a startup that provides on-demand delivery services for businesses, announced that it has raised $12 million in a Series A funding round. The funds will be used to expand Rapid’s operations in the US and Europe and develop new features for its platform. Rapid’s technology enables businesses to offer same-day or next-day delivery to their customers, helping them compete with e-commerce giants like Amazon.
SendBird, a messaging platform that powers chat and messaging features for apps and websites, raised $100 million in a Series D funding round. The company plans to use the funds to expand its product offerings and grow its team. SendBird’s platform is used by companies like Reddit, Hinge, and Delivery Hero to provide seamless communication experiences for their users.
Spotify, the popular music streaming service, announced that it has acquired Podz, a startup that uses machine learning to generate short clips from podcast episodes. The acquisition is aimed at improving the discovery and recommendation features of Spotify’s podcast platform. Podz’s technology will be integrated into Spotify’s existing tools for podcast creators, making it easier for them to promote their shows and reach new audiences.
Finally, Temu, a startup that uses AI to create personalized skincare products, raised $5 million in a seed funding round. The funds will be used to further develop Temu’s technology and expand its product offerings. Temu’s platform analyzes users’ skin data and creates customized skincare formulations based on their unique needs and preferences.
In conclusion, Tuesday’s tech startup news showcased the diversity and innovation of the industry. From cryptocurrency exchanges to on-demand delivery services and personalized skincare products, these startups are pushing the boundaries of what’s possible with technology. As they continue to grow and evolve, they have the potential to transform entire industries and improve the lives of millions of people around the world.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Source: Plato Data Intelligence: PlatoData